Paxos built PAXG to remove the operational overhead of holding gold. Storage, custody, and transfer are handled at the token level, backed 1:1 with the world’s finest gold and overseen by federal regulators, so holders get direct exposure to physical gold without the infrastructure burden that comes with it. As gold continues its strongest bull cycle in two decades, more investors are seeking the convenience of tokenized gold: lower-cost, faster to settle, and instantly transferable. PAXG has grown over 300% since 2024 and demand continues to increase. 

Today we're extending PAXG to Solana, the first step in PAXG's multi-chain expansion. You can find more information about where to buy PAXG on Solana here.

What Is PAXG?

Pax Gold (PAXG) is a digital token where one token equals one fine troy ounce of physical gold. 

Each ounce is stored in London Bullion Market Association (LBMA) accredited vaults. The gold reserves are attested monthly by KPMG, providing token holders with regular, independent verification that every PAXG in circulation is fully backed by physical gold. In addition, the reserves undergo an annual physical audit conducted by Bureau Veritas, an independent inspection and certification body. This audit is limited to physical verification procedures performed on-site and does not constitute an attestation of ownership, valuation, or overall asset backing, but provides an additional layer of independent verification of the vaulted gold. If you hold PAXG, you hold the underlying physical gold under the legal custody of Paxos Trust Company, National Association.

We issue PAXG as a national trust bank regulated by the Office of the Comptroller of the Currency (OCC), one of the most rigorous oversight frameworks available for a digital asset issuer. That regulatory posture is not incidental and sets us apart in the market. It means your gold is held under legal custody, with monthly public attestations and full bar-serial transparency through our Gold Allocation Lookup tool.

A few specifics that differentiate PAXG from other ways to own gold:

• No custody fees. Gold ETFs charge 10 to 40 basis points per year just to hold your position. PAXG charges zero for storage.

• Near-instant settlement. On-chain transfers settle in seconds, compared to T+1 for Gold ETFs and T+2 for LBMA bars.

• Redeemable for physical bars, unallocated gold, or USD. PAXG is redeemable for LBMA Good Delivery gold bullion bars (requires holder to have 430 PAXG), unallocated Loco London Gold, or USD at current market price. This can be completed through the Paxos site.

No accredited investor gate, no brokerage account, no large bar minimums.

How Is PAXG Created?

Every PAXG token begins with physical gold. When demand for PAXG increases, Paxos purchases unallocated gold from our supplier, which is then allocated to LBMA-accredited vaults in London as Good Delivery bars. Once the gold is vaulted, it is tokenized: PAXG tokens are minted on-chain and held in Paxos' inventory wallets. When a customer buys PAXG from Paxos directly, tokens transfer directly from Paxos inventory to their wallet.

Every token in circulation is backed by a specific, auditable bar of physical gold. The flow is always the same direction: gold enters the vault before tokens enter the market.

Why Solana, and Why Now

PAXG launched on Ethereum in 2019. In the past two years, the number of holders more than doubled, and average holding size more than tripled from $7,000 to $26,000.

That growth signals the opportunity to expand PAXG into new ecosystems and put it in the hands of more builders and users.

Solana's real-world asset ecosystem crossed $2.5 billion in TVL in May 2026, up from $215 million just twelve months ago. Transaction fees average a fraction of a cent, with sub-second confirmation and 99.9%+ uptime over the past year. It is an ecosystem mature enough to support a regulated, allocated gold token immediately at launch, with an active DeFi base ready to integrate native assets.

We are partnering with Sunrise Defi on our Solana expansion to bring PAXG natively to the ecosystem with active DeFi markets across major Solana DEXs and seamless integration into Solana wallets and aggregators.

Solana is the start of our multi-chain expansion for PAXG. Every piece of infrastructure we are shipping in this launch is designed to extend cleanly to every chain that comes next.

How We Built the Infrastructure

Getting here required one foundational upgrade and one new deployment. Both matter for Solana and for every chain that comes after.

ETH PAXG Contract Upgrade

Expanding to new chains starts at the contract level. We upgraded the PAXG token contracts to support omnichain functionality across both EVM and non-EVM networks, with an architecture designed to extend cleanly as we add more chains.

The upgraded contracts maintain all existing compliance controls, the same supply verification that underpins our monthly KPMG attestations, and full auditability of every token in circulation across every chain where PAXG is live.

The upgraded contracts are open source, independently audited by Zellic, and available for review in our PAXG GitHub repository.

Existing Ethereum holders can bridge directly through the Paxos platform or through LayerZero Stargate. No re-purchasing, no re-custodying, no new attestation required.

PAXG on Solana: The Token Implementation

The Solana deployment of PAXG is built on the Token-2022 program, Solana's extended token standard that enables native compliance controls at the token level.

This is the same standard Paxos used for PYUSD and USDG on Solana. It lets us enforce the same regulatory requirements that exist on Ethereum without relying on a separate contract layer to do it.

The Permanent Delegate extension ensures PAXG on Solana meets the same regulatory requirements as the Ethereum contract. The result is a Solana-native PAXG token that carries the same compliance posture and supply verifiability as the Ethereum original.

This Is the Foundation

The Solana launch is the first step in PAXG's multi-chain expansion. The contract upgrades and infrastructure we shipped today  are built to add new chains faster with less overhead each time.

Whether you're a builder integrating tokenized gold into a Solana application or an institutional investor looking to learn how to buy PAXG, reach out here to get started or learn more.  

Footnotes:

¹ Solana RWA TVL growth from $215M to $2.5B over twelve months as of May 2026. Source: RWA.xyz. Reported independently by MEXC News and CryptoNews.net.

² Solana lending markets reaching $3.6B: as of December 2025 per DeFiLlama. Verify current figures before publication at defillama.com/chain/Solana as lending TVL fluctuates.

³ Last officially confirmed major outage: February 6, 2024, per the Solana Foundation's June 2025 Network Health Report. As of mid-2025, Solana had gone over 16 consecutive months without a major confirmed outage.