paxos.com Open in urlscan Pro
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3 forms found in the DOM

#

<form action="#" id="pax-gold-lookup">
  <h4>Gold Allocation Lookup</h4>
  <p>Every Pax Gold token is backed by an ounce of allocated gold. Use this tool to lookup the serial number and information about your gold. </p>
  <input type="text" name="address" placeholder="Enter an Ethereum Address">
  <div class="lookup-action"><a href="#" id="btn-lookup" onclick="return false">Lookup</a></div>
  <input name="action" type="hidden" value="paxg_lookup_ajax_hook">
</form>

GET https://paxos.com/

<form method="get" action="https://paxos.com/" class="mobile-searchform">
  <input type="search" name="s" autocomplete="off" placeholder="Search">
  <button type="submit" class="searchform-submit">
    <i class="icon icon-magnifier"></i>
  </button>
</form>

GET https://paxos.com/

<form method="get" action="https://paxos.com/" class="sidr-class-mobile-searchform">
  <input type="search" name="s" autocomplete="off" placeholder="Search">
  <button type="submit" class="sidr-class-searchform-submit">
    <i class="sidr-class-icon icon-magnifier"></i>
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</form>

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CRYPTO FOR ENTERPRISE

 * Crypto Brokerage Add crypto to your app
 * Stablecoin and Payments Blockchain-enabled money movement


CRYPTO FOR INVESTORS

 * itBit Crypto exchange
 * BUSD Regulated digital dollar
 * USDP Regulated digital dollar
 * PAXG Tokenized gold


SETTLEMENT FOR INSTITUTIONS

 * Securities Equities settlement for broker-dealers
 * Commodities Precious metals settlement

 * Careers Join us in building an open financial system
 * Company Learn about what we do
 * Blog Read what’s new at Paxos

Home
Products
Company


PAX GOLD

    
    
 1. Home>
 2. PAX Gold


PAX GOLD (PAXG)

The safest, most cost-effective way to own investment-grade physical gold with
all the benefits of the blockchain.




PAX GOLD (PAXG)

The safest, most cost-effective way to own investment-grade physical gold with
all the benefits of the blockchain.



A DIGITAL TOKEN, BACKED BY PHYSICAL GOLD

PAXG offers investors a cost-effective way to own investment-grade physical gold
with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by
one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG,
you own the underlying physical gold, held in custody by Paxos Trust Company.

Cost-efficient
Paxos offers PAXG at a lower cost structure than that of other gold tokens, gold
ETFs and LBMA 400 t oz bars, with a low minimum purchase amount and zero storage
fees.

Secure and regulated
The allocated gold that backs PAXG is custodied in LBMA vaults and audited
monthly. Paxos is a trust company and custodian regulated by the New York State
Department of Financial Services.

No settlement risk Purchasing PAXG is free from settlement and credit risk, with
near instantaneous settlement in addition to T+2 (versus only T+2 for Gold ETFs
and LBMA bars).

Redeemable PAXG is the only gold token you can redeem for LBMA-accredited Good
Delivery gold bullion bars. Institutional customers can also redeem for
unallocated Loco London Gold. Redeem for USD at current gold market prices at
any time.

Learn More About Pax Gold

PAXG One Sheet
Download our onesheet for institutional investors to learn more about Pax Gold.


LEARN MORE

PAXG White Paper
Learn more about Pax Gold in our white paper

LEARN MORE

PAXG Monthly Attestation Reports

We make every report available – because trust and transparency matter.

LEARN MORE  →

GOLD ALLOCATION LOOKUP

Every Pax Gold token is backed by an ounce of allocated gold. Use this tool to
lookup the serial number and information about your gold.

Lookup

This Lookup tool is for PAXG held in on-chain Ethereum wallets (not custodial
exchanges/wallets).

For PAXG held on Paxos, login to view your allocation report.



WHY PAX GOLD?

Major Gold ETFs Gold Futures (COMEX) Retail physical gold coins, bars and other
gold products LBMA 400 t oz gold bar Unallocated Gold Other gold tokens Custody
Fees NO FEE 19-40 bps per annum N/A 10-100 bps per annum 5-25 bps per annum 0-10
bps per annum Up to 100 bps per annum Minimum Purchase 0.01 t oz ~$20 1 share
(currently $200) 1 contract (100 t oz = ~$200K) Variable Typically ~$800K
minimum per bar Variable Variable Time to Settle INSTANT* T+2 days Expiration
date T to T+5 T+2 T+2 Instant Allocated ✔︎ Variable ✗︎ ✔︎ ✔︎ ✗︎ Variable
Instantly Redeemable for Physical ✔︎ ✗︎ ✗︎ ✔︎ ✔︎ ✗︎ Variable Regulated NYDFS SEC
and equivalents CFTC ✗︎ ✗︎ ✗︎ ✗︎

* Typical on-chain transactions for PAX Gold moving on Ethereum settle near
instantly. When you create PAXG on the Paxos platform, tokens will typically be
minted and delivered the same day (some larger transactions will settle the next
business day).

The Pax Gold Ecosystem



Buy PAXG from our partners
Pax Gold is now handled by over 50 vaults, exchanges, wallets, lending platforms
and more.

View partners & purchase


FREQUENTLY ASKED QUESTIONS

What is Pax Gold (PAXG)?

Pax Gold (PAXG) is an asset-backed token where one token represents one fine
troy ounce of a London Good Delivery gold bar, stored in professional vault
facilities. Anyone who owns PAXG has ownership rights to that gold under the
custody of Paxos Trust Company. Since PAXG represents physical gold, its value
is tied directly to the real-time market value of that physical gold.

 

PAXG gives customers the benefits of actual physical ownership of specific gold
bars with the speed and mobility of a digital asset. Customers are able to have
fractional ownership of physical bars. On the Paxos platform, customers can
convert their tokens to allocated gold, unallocated gold, or fiat currency (and
vice versa) quickly and efficiently, reducing their exposure to settlement risk.
PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be
available on other crypto-asset exchanges, wallets, lending platforms and
elsewhere within the crypto ecosystem. 

 

At any time, PAXG holders can lookup the serial number, value and physical
characteristics of their vaulted gold just by entering their Ethereum wallet
address on the PAXG lookup tool on Paxos.com/paxgold.

What is the benefit of having physical assets on a blockchain?

Physical gold on the blockchain has the advantages of representing legal
ownership of physical allocated gold, but does not have the drawbacks of limited
transportability or high storage costs usually associated with it. Instead, it
has the divisibility, fungibility and tradability of any digital asset like
bitcoin. In other words, the best of physical and digital assets at the same
time!

How much gold is backing the total supply of Pax Gold (PAXG)?

The amount of gold representing the total supply of PAXG is a 1:1 ratio – one
fine troy ounce of gold equals one PAXG token. The total supply of gold
representing PAXG changes continuously as the market capitalization of PAXG
increases and decreases.

Can I get a fractional amount of a Pax Gold (PAXG) token?

Yes. It is possible to own tiny fractions of a token, which are divisible out to
18 decimal points. If you purchase PAXG directly from Paxos.com, the minimum
purchase is 0.01 PAXG (1% of a PAXG token – or roughly $15).

What does allocated and unallocated gold mean?

When a customer trades for allocated gold bars, they receive ownership  rights
to specific gold bars that are held in a precious metal dealer’s vault on the
customer’s behalf. Allocated gold is identifiable with a unique serial number,
purity, and weighting for each bar. 



When a customer trades for unallocated gold, they do not have actual ownership
over specific gold bars; instead, they have a general entitlement to a certain
quantity of gold that an institution promises to deliver. This is hypothetical
gold and is a liability of the institution that one has a claim against. This is
similar to the way a traditional bank operates – customers don’t own specific
notes, but rather they have a credit that can be paid out upon request.

What are the fees associated with Pax Gold?

On-Chain Transaction fees: Whenever PAXG tokens are sent on Ethereum network,
Paxos charges a small 0.02% fee of the amount of PAXG sent on the blockchain.
0.02% on-chain transaction fees are covered by users. For example, if you want
to send 10 PAXG from one Ethereum address to another, and you want to ensure
that the receiver gets at least 10 PAXG after fees, you should send at least
10.0020004001 PAXG total to cover the cost of the on-chain transaction fee. If
you initiated a transfer of 10 PAXG, the receiver would get 9.998 PAXG after
fees.


Storage fees: Paxos does not charge gold storage fees to its customers at this
time.



Creation and Destruction fees: Whenever you buy or sell PAXG from your Paxos
account (on either the wallet dashboard or PAX Gold pages), Paxos charges small
fees to process both the creation and destruction of PAXG tokens (see fee
schedule below). This includes all sales or conversions of PAX Gold to or from
USD, gold bars or unallocated gold.

These fees do not apply when purchasing & selling tokens through our exchange
order book or anywhere else outside the Paxos wallet. If you wish to purchase or
sell PAXG through our exchange order book your trades may be subject to
applicable trading fees.



Creation & Destruction Fee Schedule:

Amount of Pax Gold TokensEstimated USD* (based on August 2020 market value of
roughly $2k/oz)

Creation & Destruction Fee

applied whenever PAXG is converted or redeemed for USD, PAX USD, unallocated
gold or gold bars

0.03** < 2$60 – $4K0.02 PAXG minimum fee2 < 25$4K – $50K1.000%25 < 50$50K –
$100k0.750%50 < 75$100K – $150K0.500%75 < 200$150K – $400K0.250%200 <
800$400k+0.150%800+$1600k+0.1250%

*Fee percentage is calculated based on PAXG tokens; USD is included in this
chart as an estimate for reference only 

**The minimum purchase amount is 0.03 PAXG which includes PAXG fees

What are on-chain transaction fees? Are they the same thing as 'gas'?

Sending a Pax Gold (PAXG) token from one ERC-20 address to another, such as when
moving funds from a wallet to an exchange, is an on-chain transaction;
possession of the token is transferred and recorded on the Ethereum blockchain. 

There are two kinds of fees that occur when you send PAXG on the blockchain: 

 * Standard ‘gas’ fee: Sending digital assets on Ethereum, requires computing
   power, or ‘gas.’ Just like any other Ethereum token, PAXG requires standard
   gas fees paid in ETH to compute the transaction. 
 * PAXG on-chain transaction fee: PAXG charges an additional fee. That fee is
   set to 0.02% of the amount of PAXG sent on the blockchain.

For example, if you want to send 10 PAXG from one Ethereum address to another,
and you want to ensure that the receiver gets at least 10 PAX after fees, you
should send at least 10.0020004001 PAXG total to cover the cost of the on-chain
transaction fee. If you initiated a transfer of 10 PAXG, the receiver would get
9.998 PAXG after fees.

User Guide


PRODUCTS

 * Crypto Brokerage
 * Stablecoin and Payments
 * USDP
 * BUSD
 * PAX Gold
 * itBit
 * Securities Settlement
 * Commodities Settlement

COMPANY

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 * FAQs
 * Newsroom
 * Blog
 * Careers

RESOURCES

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 * Regulation & Transparency
 * Contact

SOCIAL

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 * Facebook
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 * Medium




© 2022 Paxos Trust Company, LLC All Rights Reserved. NMLS #1766787

From Forbes. © 2020 Forbes. All rights reserved. Used under license.
From Fortune. © 2020 Fortune Media IP Limited All rights reserved. Used under
license.
From The New York Times. © 2015 The New York Times Company. All rights reserved.
Used under license.

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