Commodities

WithumSmith+Brown

Brink’s Global Services Ltd., ICBC Standard Bank.

Paxos' "vault provider maintains insurance against loss of the gold held in custody by Paxos for the benefit of PAX Gold token holders. As such, allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit."

Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019.

NYDFS - New York State Department of Financial Services

Each PAXG token is backed by 1 fine troy ounce of LBMA-accredited Good Delivery gold stored in highly secure LBMA vaults in London. Holders have direct ownership over underlying gold reserves.

Paxos

United States of America

New York, U.S. Limited Purpose Trust Company

Paxos Gold

Gold

Verified users have the option to redeem the PAXG tokens for physical gold, In order to redeem PAXG into physical Gold, users must submit a redeem request for over 430 PAXG tokens on the Account Page and set up a time for London Good Delivery of the physical gold bars. 

Any users who possess a KYC’d account with Paxos can redeem PAXG for US Dollars or underlying gold bars. There is a minimum order size 430 PAXG tokens for redemptions involving physical settlement. However, for USD redemptions, the minimum order size is only 0.03 PAXG (<USD 60).

When purchasing PAXG on Paxos.com, the minimum purchase is 0.03 PAXG, due to the conversion fee of 0.02 PAXG.

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