Paxos Gold

Identity

Symbol

PAXG

Token standard

ERC-20

Network

Ethereum #1

Decimals

18

Contract

0x45804880De22913dAFE09f4980848ECE6EcbAf78

Issuer

PaxosPaxos Trust Company, N.A. (custodian named on the issuer page)

Underlying ticker

XAU

ISIN

Not provided

Balance semantics

Plain ERC-20 balance

Standard ERC-20 balance; 18 decimals.

Issuer status

active

Terms, as documented by the issuer

Holder rights

Per Paxos, each PAXG token is backed by one fine troy ounce of London Good Delivery gold held in custody by Paxos Trust Company, N.A., and PAXG is redeemable for physical gold, unallocated Loco London gold or USD at prevailing market prices through Paxos. Paxos also offers a lookup tool that maps a wallet address to the serial number, weight and vault of the allocated bars.

Redemption

Redeemable through Paxos for physical gold, unallocated Loco London gold or USD at prevailing market prices (issuer statement). A Paxos account and its onboarding are required for direct redemption; terms are on the issuer's site.

Eligibility

Direct issuance and redemption require a Paxos account; the page we checked does not enumerate jurisdiction restrictions. Not provided beyond that.

Transfer restrictions

Not provided

Fees

Paxos states it charges no storage fees for PAXG. Creation, redemption and any on-chain transfer fee settings are not provided on the page we checked.

Issuer documentation

https://www.paxos.com/paxg

Nothing here is inferred from the token name. "Not provided" means the issuer pages we checked did not state it; it does not mean the right or restriction is absent.

Sources