Profile
PAXG profile facts
PAX Gold (PAXG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Gold.
- Collateral
- LBMA Good Delivery physical gold bars allocated in LBMA-approved Brink's Global Services and ICBC Standard Bank vaults; each token represents one fine troy ounce; insured against theft and loss; bankruptcy-remote custody under Paxos Trust Company
- Peg mechanism
- Each PAXG represents one fine troy ounce of allocated London Good Delivery gold. Verified Paxos customers may convert to USD at a short-lived market quote or redeem allocated gold, with a minimum 430 PAXG per bar. Effective September 1, 2026, the public destruction-fee schedule charges rolling 30-day net redemptions marginally at 0.125%, 0.250%, 0.350% and 0.500%, plus 0.05% for in-kind gold conversion; delivery, bank charges and controlling private pricing supplements remain separate. Monthly independent KPMG examinations reconcile redemption assets and redeemable tokens.
- Jurisdiction
- United States / OCC / National Trust Charter
- Proof of reserves
- Independent Audit by KPMG Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
PAXG quick answers
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What is PAX Gold (PAXG)?
PAXG is Paxos's centralized gold token backed by allocated London Good Delivery gold held with Brink's and ICBC Standard Bank under OCC trust supervision. The static profile records its Gold peg mechanism as: Each PAXG represents one fine troy ounce of allocated London Good Delivery gold. Verified Paxos customers may convert to USD at a short-lived market quote or redeem allocated gold, with a minimum 430 PAXG per bar.
Is PAXG safe?
As of Oct 25, 2026, Pharos grades PAXG A- (81/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs PAXG?
Pharos records PAXG's reserves as of Aug 31, 2026 as 100% Physical gold bars (London Good Delivery, LBMA-accredited London vaults). Reserve evidence: Independent Audit by KPMG, latest period ending Aug 31, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can PAXG be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for PAXG, when applicable, appear in the live dossier on this page.
How do you redeem PAXG?
Under the route Pharos reviewed on Sep 21, 2026, customers the issuer has verified can redeem PAXG for physical metal, starting at 430 PAXG. Settlement takes multiple days. The reviewed redemption fee ranges from 0.125% to 0.55%, before delivery and third-party costs. Whether a given holder qualifies is set by the route's own terms, not by this summary.
