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What is PAXG ?

Each PAXG (PAX Gold) is a token backed by one fine troy ounce (t oz) of a London Good Delivery gold bar and stored in Brink’s vaults. PAXG is approved and regulated by the NYDFS and fully-backed by allocated gold held in the most secure, leading vaults in the world. It is the only gold token that customers can redeem for LBMA-accredited Good Delivery gold bullion bars, which can also be easily converted or redeemed for fiat, physical or unallocated gold via the Paxos platform. 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](https://paxos.com/paxgold). Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens [corresponds 1:1](https://www.paxos.com/attestations) with ounces of London Good Delivery gold held in vaults.

Location New York, USA
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