Own and trade real gold, like Bitcoin

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.

Pax Gold Launch Promotion:

2% rebate on the first 7000 tokens sold.

A tradeable token, backed by physical gold

PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.

Highly Accessible

Built as an ERC-20 token on the Ethereum blockchain, PAXG can easily be moved or traded anywhere in the world, 24/7. With low investment minimums, now anyone can own a fraction of an LBMA-accredited London Good Delivery gold bar.


Paxos is a trust company and custodian, regulated by the New York State Department of Financial Services. PAXG is also approved and regulated by the DFS and fully-backed by allocated gold held in the most secure, leading vaults in the world. A nationally ranking auditor will attest to the matching supply of PAXG tokens and underlying gold every month.


PAX Gold is the only gold token that you can redeem for LBMA-accredited Good Delivery gold bullion bars. For additional convenience, smaller amounts can be redeemed through a network of physical gold retailers around the world. Institutional customers can also redeem for unallocated Loco London Gold. Paxos customers can always redeem for USD at current gold market prices.


Easily convert or redeem PAXG for fiat, physical or unallocated gold via the Paxos platform. Trade PAXG against other digital assets on popular crypto exchanges. Use PAXG wherever ERC-20 tokens are supported.

Low Fees

Extremely competitive fee structure for creations and redemptions of PAXG tokens (0.03-1% based on volume tiers) in the Paxos wallet, low on-chain Ethereum transaction fees (0.02%) for and zero storage fees. As with other ERC-20 tokens, nominal Ethereum gas fees apply for on-chain transactions.


Our global team provides customer service around the clock by phone and email. Get a dedicated account manager with minimum purchase of $50K.

Buy PAX Gold Now!

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 ~$15 1 share (currently $150) 1 contract (100 t oz = ~$150,000) Variable Typically ~$600K 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 transactions on Ethereum settle near instantly; orders on Paxos.com placed before 5 pm ET are typically processed by the next business day

PAX Gold Ecosystem

Frequently Asked Questions

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.

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!

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.

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).

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.

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PAXG Allocation Report