PAX Gold (PAXG)

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Investment

PAX Gold lets you own real physical gold in digital form. Each token equals one fine troy ounce of a London Good Delivery gold bar stored in secure vaults. This makes it easy to invest in gold without handling the physical bars.

Trading and Liquidity

You can trade PAX Gold tokens on many crypto exchanges and wallets worldwide. It offers fast, global transfers and fractional ownership, making gold more accessible and liquid.

Redeeming Physical Gold

PAX Gold tokens can be redeemed for actual physical gold through partners like Alpha Bullion, allowing holders to convert digital tokens back into gold bars or products.

Earning Interest

You can use PAX Gold as collateral on crypto lending platforms or deposit it in interest-earning accounts on platforms like BlockFi and Crypto.com to earn returns on your gold holdings.

Collateral and DeFi Use

PAX Gold can be used as collateral for loans on various crypto lending platforms, helping investors leverage their gold holdings in decentralized finance (DeFi) and other financial services.

Pros of PAX Gold

• Backed by physical gold, with each token representing one fine troy ounce stored in secure vaults.
• Easy to divide and trade compared to physical gold.
• No storage or transport hassles like with physical gold.
• Regulated and transparent, with a clear whitepaper and community support.
• Can be traded quickly on many crypto exchanges.
• Offers digital ownership with the flexibility of blockchain.
• Potential to earn yield or interest on holdings through some platforms.

Cons of PAX Gold

• It is a centralized asset, controlled by Paxos, which manages redemption and custody.
• Price can sometimes be lower than spot gold price.
• Redeeming tokens for physical gold can be complex and may require large amounts.
• Not the same as holding physical gold directly.
• Long-term outlook depends on the issuer and regulatory environment.

For more details, visit the official Paxos website.

Founders of PAX Gold

PAX Gold was founded by Charles Cascarilla and Rich Teo. They started the Paxos Trust Company in 2012, which created PAX Gold. Charles Cascarilla is also the CEO of Paxos and has a background in finance, including experience at Goldman Sachs. Rich Teo co-founded the company alongside him.

Investors in PAX Gold

PAX Gold is backed and issued by Paxos Trust Company, which has received over $500 million in funding from investors including Oak HC/FT, Mithril Capital, and PayPal Ventures. These investors support Paxos, the regulated financial institution behind PAX Gold, helping it offer a digital token backed 1:1 by physical gold stored in secure vaults.

The investor base includes:

• Institutional investors who seek stable, gold-backed assets.
• Individual investors who want easy access to physical gold through blockchain technology.
• Crypto investors looking for a way to diversify with a gold asset that is tradable on Ethereum and other blockchains.

Paxos ensures transparency and regulatory compliance, which attracts investors interested in combining traditional gold investment with modern digital trading.

Halal Status of PAX Gold

• Yes, PAX Gold is generally considered halal.
• It is a digital token backed by physical gold, representing ownership of actual gold stored securely.
• The business model is transparent and regulated by the New York State Department of Financial Services.
• PAX Gold’s value is directly tied to physical gold, which is a permissible asset in Islamic finance.
• The token avoids elements like interest (riba) or excessive uncertainty (gharar), aligning with Islamic principles.