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Put Your Gold to Use! PAX Gold Now Available through Kraken, Alpha Bullion, Genesis Lending & many more partners

PAX Gold (PAXG) is the first regulated digital asset that’s backed by and redeemable for physical gold. As of today PAX Gold has a market cap of more than $4,830,000. And in September, Paxos Co-Founder and CEO Charles Cascarilla appeared on CNBC’s Mad Money with Jim Cramer, where Cramer said PAX Gold was “a new, more modern way to play” the gold market.

PAX Gold is the fastest and easiest way to own and trade the highest-quality physical gold stored in London vaults. The price of PAX Gold is tied to the spot price of one fine troy ounce of London Good Delivery gold, which is the standard measure for the London gold market. With PAX Gold, you own the underlying physical gold, which is unlike gold Futures, ETFs or unallocated gold. PAX Gold offers investors the benefits of owning physical gold with the ease and mobility of owning digital assets.

While we’re only getting started, we’re excited for the momentum we’re seeing. Take a look at how and where you can use your PAX Gold today. 

Trade PAX Gold on Kraken and Other Exchanges

PAX Gold is physical gold on the blockchain – and there’s a lot of appetite to trade physical gold against Bitcoin. Starting tomorrow, you’ll be able to trade PAXG against USD, EUR, BTC and ETH on the Kraken exchange. PAX Gold is also available for trading on HitBTC and Bithumb Global. We plan to have PAX Gold available on even more exchanges soon.

Redeem PAX Gold for Physical Gold through Alpha Bullion

We’re excited to introduce Alpha Bullion – the world’s first platform where you can redeem physical gold with a digital token. Developed by precious metals retailer Bullion Exchanges, Alpha Bullion allows customers to use their PAXG tokens to get gold products ranging from one gram to one kilogram. Customers with 430 PAXG can redeem full gold bars from Paxos directly, but Alpha Bullion lets customers get physical gold with smaller amounts of PAXG.

Earn Interest on Lending Platforms

One of the challenges of holding physical gold as an investment is that it’s difficult to leverage your holdings – you cannot easily borrow against your portfolio. PAX Gold solves this problem, so crypto lending platforms are making PAX Gold available. You can easily earn interest on your holdings through Genesis Lending, Celsius and Nexo.  

Store and Send PAX Gold with Wallets

As a product that is built on the Ethereum blockchain, it can be sent anywhere in the world with the click of a button. Wallets that are already accepting PAX Gold include: Crypto.com, Spend, Imtoken, Bitpie, Kcash, Cobo and Cloud Wallet. 

Gold is the second asset class that Paxos has tokenized. We started with USD by introducing PAX, a digital dollar. We recently introduced two additional USD-backed stablecoins, HUSD and BUSD. We’re focused on building the infrastructure of an open financial system that connects traditional and digital assets. By tokenizing real-world assets, we’re doing just that.

Overview

Paxos is a financial technology company modernizing finance by mobilizing assets at the speed of the internet.

Co Founder and CEO:
Charles Cascarilla

Founded:
2012

Investors:
RRE Ventures, Canaan Partners,
Liberty City Ventures

媒体问题
contact@paxos.com

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