What is PAX Gold (PAXG)?

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. 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 and can convert their tokens to allocated gold, unallocated gold, or fiat currency quickly and efficiently.