PAX Gold

PAX Gold is a token issued on the Ethereum blockchain by Paxos Trust Company in which each unit represents one fine troy ounce of physical gold held in professional vault facilities under Paxos custody. It is designed for people who want to hold gold without the logistical burden of storing a physical bar, while still retaining legal ownership rights to a specific, identifiable bar. Fractional ownership is supported, meaning a holder does not need to own a full ounce to participate.

Each PAXG token is backed one-to-one by a London Good Delivery gold bar stored in a professional vault, and Paxos mints or redeems tokens as gold enters or leaves custody, keeping the circulating supply in step with the physical metal. The token lives on Ethereum and can be transferred, traded, or used across any platform that supports the ERC-20 standard. Holders can verify the serial number, weight, and physical characteristics of their allocated bar by querying the Paxos lookup tool with their Ethereum wallet address.

The data provided does not include a protocol fee stream, so this site carries no fee-based revenue metrics for PAXG. In practice, Paxos has historically charged a small creation and redemption fee and a custody fee, but none of those figures appear in the stored data and so cannot be described here. The fully diluted value equals the market capitalization exactly, reflecting a ratio of 1.0, because there is no fixed maximum supply and every token in existence corresponds to gold already in custody. The 24-hour turnover ratio stands at 5.86 and the 30-day average turnover at 7.37, both expressed as volume relative to market capitalization, indicating the pace at which the outstanding supply changes hands across those periods.