PAX Gold is a crypto asset backed by an underlying one troy ounce (t oz) of a 400 oz gold bar, stored in Brink’s Vault’s in London. PAXG provides a very different value proposition, in that you own the underlying physical gold, held in custody by Paxos Trusts. 

There are many use cases for PAX Gold, the most obvious being the ability to hold a digital version of Gold, without having to physically store and hold the physical goods. Another, is the ability to use the intrinsic value offered by the commodity exposure, to further leverage against other digital assets. PAXG provides both investors and traders a unique value proposition, a new age utility to a legacy asset.