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# PAXG,

7.56K

PAX Gold (PAXG)
1. Project Purpose and Technical Infrastructure
PAX Gold is a blockchain based cryptocurrency issued by Paxos Trust Company, a financial institution regulated by the New York State Department of Financial Services. Each PAXG token represents ownership of one fine troy ounce of physical gold, specifically London Bullion Market Association accredited Good Delivery gold bars stored in professional vault facilities in London.
PAXG was created to make owning physical gold as easy as holding a cryptocurrency. Its core value is bridging the timeless store of value that is gold with

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