PAX Gold | PAXG
$3,338.23
Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
$3,338.23
Rise 40%
Fall 60%
#114
$939,861,582
$6,192,405
280,949.8
280,949.8
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. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. 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. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
Rank #7
$0.9999
-0.01%
Rank #39
$1.01
+0.01%
Rank #107
$0.7816
+9.83%
Rank #120
$3,337.3
-0.67%
Rank #175
$0.9980
+0.08%
Rank #290
$0.6673
+6.42%
Rank #693
$1.02
+1.82%
Rank #751
$0.8956
-13.08%
Rank #886
$0.9115
-0.07%
Rank #11609
$18.08
+0%
Rank #21055
$0.01428
+0.21%
10 Jul 2025, 05:27
China issued a warning against illegal fundraising risks tied to stablecoins, emphasizing the importance of compliance and safety in digital financial practices. The Beijing Internet Finance Association highlighted the dangers of fundraising schemes involving stablecoins and digital currencies, saying that investors in these schemes have no legal recourse. The notice cautions against high-return promises tied to "financial innovation" and "blockchain technology" narratives. The association also cautioned against unauthorized schemes exploiting buzzwords such as “stablecoins,” “decentralized finance (DeFi),” and “Web 3.0,” which often lure investors with promises of high returns but no legal recourse in case of fraud. "These activities can easily evolve into crimes such as illegal fundraising, financial fraud, pyramid schemes and money laundering, which would severely disrupt economic and financial order, and endanger public interest and social trust," the association said. Stablecoins are digital tokens pegged to assets like the U.S. dollar ( DXY ) and are gaining popularity for their potential to disrupt traditional payment structures. Globally, nations like Hong Kong and the U.S. are racing to establish regulatory frameworks for stablecoins, aiming to expand their influence in the digital finance landscape. While mainland China maintains strict prohibitions, Hong Kong is set to implement stablecoin legislation from August 1, 2025, as part of its strategy to become a digital asset hub. The collateralized fiat stablecoin with the largest market cap is Tether ( USDT-USD ), which is pegged to the U.S. dollar. A collateralized crypto stablecoin is Dai ( DAI-USD ). Another collateralized commodity stablecoin is Paxos Gold ( PAXG-USD ). More on China MSCI: Revenue Visibility Like No Other REMX: See If It's Smart To Invest In Rare Earths Now MP Materials Corp. (MP) Presents at J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference Transcript Asia stocks mixed as Trump tariff uncertainty lingers; China inflation data also weighs China CPI sees slight rise up 0.1%, PPI drops most in two years amid weak demand and tariff risks
9 Jul 2025, 12:00
Robinhood has seen an influx of inquiries from private firms eager to tokenize their shares after launching its equity token platform in the EU. At the same time, BioSig Technologies and Streamex have secured $1.1 billion in growth financing to kickstart a gold-backed onchain treasury business, aiming to challenge incumbents in the tokenized commodities space. Robinhood's Tokenized Stock Platform Sparks Wave of Interest From Private Firms Amid Global Tokenization Boom Robinhood has ignited a surge of demand from private companies looking to tokenize their shares following the launch of its stock token platform in the European Union last week. In an interview with Bloomberg News on Tuesday, Robinhood CEO Vlad Tenev revealed that private firms are lining up to bring their equity onchain as tokenized assets, eager to tap into a new wave of retail investment. “Since our announcement, I’ve had a deluge of inquiries,” Tenev said. “Private companies that actually want to access retail to have their shares tokenized and be a part of this revolution.” The platform, which debuted in the EU, currently allows users to trade over 200 tokenized US equities five days a week. In a marketing move aimed at showcasing future possibilities, Robinhood also included a promotional giveaway featuring non-tradable tokens representing high-profile private firms like OpenAI and SpaceX. A Push to Democratize Access to Private Equity Tenev emphasized that Robinhood's long-term mission is far broader than simply offering tokenized versions of existing public stocks. The company is aiming to bring thousands of private companies onto its platform, providing new pathways for retail investors to participate in traditionally exclusive investment opportunities. “We believe [this] is a huge opportunity to resolve one of the biggest inequities in capital markets,” said Tenev. “You have these massive companies that are staying private longer, and regular investors are missing out.” For years, retail investors have been locked out of the private equity space due to regulatory hurdles, high minimum investment thresholds, and limited access to early-stage deal flow. Tokenization — the process of converting real-world assets into blockchain-based tokens — offers a way to break these barriers, increasing liquidity, transparency, and inclusivity. Despite the excitement, Robinhood’s venture into tokenized assets has not gone unnoticed by regulators. The Bank of Lithuania, the supervisory body overseeing Robinhood’s EU operations, has requested clarity on how the tokens are structured. Tenev welcomed the inquiry, noting, “They want to make sure that everything is proper because it’s a new innovative offering. We’re confident. We think that these are not only important, but they’ll withstand the highest form of scrutiny.” Under the EU’s regulatory framework, tokenized stocks offered by Robinhood are treated as derivatives and must comply with both the Markets in Crypto-Assets Regulation (MiCA) and the Markets in Financial Instruments Directive (MiFID). These tokens are fully backed by underlying equities held by US brokers, with the corresponding tokens minted or burned as users buy or sell. US and UK Expansion on the Horizon While the platform is currently limited to European users, Tenev confirmed that Robinhood is in discussions with regulators in both the United States and the United Kingdom about expanding the service. “The US shouldn’t be far behind,” Tenev noted. “The opportunity is too large to ignore. Not just for retail but also institutional. And I think they’re keen. They’re having tokenization roundtables at the SEC, which we’ve been a part of.” Tenev suggested that the US Securities and Exchange Commission (SEC) could approve tokenized equities without the need for new legislation — a move that could dramatically reshape the accessibility and structure of financial markets. The entrance of Robinhood into tokenized equity trading has not gone unnoticed by incumbents. Galaxy Digital, a major crypto investment firm, has stated that Robinhood’s approach effectively removes assets from traditional finance (TradFi) channels and migrates them onchain — a move that could challenge the dominance of centralized exchanges like the New York Stock Exchange (NYSE). If successful, Robinhood’s platform could undermine the liquidity and control advantages held by legacy institutions, redistributing financial power and access. BioSig and Streamex Secure $1.1 Billion to Launch Tokenized Gold Platform, Challenge Paxos and Tether in Onchain Commodities In related news, BioSig Technologies and Streamex have secured $1.1 billion in growth financing to establish a gold-backed onchain treasury platform, marking a significant expansion into the tokenized commodities space. The companies, which signed a letter of intent to merge on May 5, said the new funding will serve as a foundation for launching a suite of blockchain-based gold financial products and structured instruments. The financing comprises $100 million in senior secured convertible debentures and a $1 billion equity line of credit, providing the new entity with both operational flexibility and deep liquidity to seed its tokenization strategy. At the heart of the initiative is a plan to tokenize physical gold and gold-related assets, offering investors a digitally native alternative to traditional gold exposure. The new venture will compete directly with industry incumbents Paxos Gold (PAXG) and Tether Gold (XAUT), which currently dominate the market with combined capitalizations of $1.74 billion, according to CoinGecko. But BioSig and Streamex are not simply copying the competition. Henry McPhie, CEO of BioSig and co-founder of Streamex, said that their model will diverge from existing frameworks. Unlike Paxos and Tether — which back their tokens 1:1 with gold stored in vaults — McPhie hinted that the new model could involve structured or synthetic gold products, which could offer broader financial instruments beyond pure spot exposure. Four Revenue Streams and a 2026 Launch Target BioSig and Streamex aim to generate revenue through four distinct channels: Origination fees for structuring tokenized assets Tokenization fees tied to asset issuance Secondary market trading fees Spread income from market-making activities and liquidity provision The company plans to launch its first tokenized gold product by early 2026, with expectations to tap into demand from both retail and institutional investors seeking blockchain-based exposure to commodities. Despite the positive long-term outlook, the news was met with short-term volatility. BioSig's stock fell 27.4% on Tuesday, though it remains up over 541% in the last six months, a reflection of investor anticipation for the company’s strategic transformation. Commodities Tokenization Still in Early Stages While RWAs have become one of crypto’s breakout narratives in 2025, tokenized commodities remain a relatively small slice of the $24.5 billion tokenization market, according to RWA.xyz. Currently, the total market capitalization for tokenized commodities stands at $1.62 billion, with gold-backed tokens accounting for 98.9% of that figure. Tokenized commodities market over time (Source: RWA.xyz ) Among the eight tokenized precious metal products listed on RWA.xyz: Six are backed by gold One is tied to silver One is linked to platinum BioSig and Streamex will be entering a space heavily concentrated in gold, but still largely underserved compared to traditional commodity markets. Statista projects the global commodities market will reach $142.9 trillion in 2025, suggesting enormous room for tokenized penetration. As more financial firms explore RWA tokenization, the space is beginning to attract attention from regulators across multiple jurisdictions. While no specific regulatory hurdles have been cited by BioSig or Streamex, the structured nature of their planned products — and the use of convertible debt in their funding stack — suggests future offerings may undergo close scrutiny. That said, growing institutional interest, a wave of tokenization pilot programs from asset managers, and the increased popularity of onchain finance all point to a maturing ecosystem that could soon support more complex, compliant gold-backed instruments.
21 Jun 2025, 21:30
Stablecoin backing is under fresh fire after outspoken economist and gold supporter Peter Schiff took aim at tokens tied to US dollar reserves. He argues that relying on a fiat currency he views as shaky makes little sense when a more stable asset exists. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight His comments have reignited a long‑running debate about what should sit behind digital coins that promise a steady peg. Schiff Questions Fiat Backing According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated away. “I get Bitcoin, but not US dollar stablecoins,” he wrote in a social media post. He pointed out that fiat money can be printed in large amounts, while gold has a fixed supply and centuries of use as money. Schiff said gold cannot be easily devalued by inflation or reckless monetary policies. I get Bitcoin, but not U.S. dollar stablecoins. If you’re going to introduce a third party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold? You get the same liquidity, but you also get a real store of value. — Peter Schiff (@PeterSchiff) June 19, 2025 Gold‑Backed Tokens On The Rise Based on reports, gold‑backed stablecoins are seeing more interest from investors worried about inflation and dollar weakness. Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) let users move digital claims on physical gold. These assets give the same quick transfers and high liquidity as dollar‑pegged coins but tie each token to real metal stored in vaults. Regulatory Scrutiny Intensifies Regulators across the globe are racing to establish precise regulations for stablecoin reserves. Congress members in the US are considering tighter reserve and audit requirements. Europe and Asia are creating their own regulations to achieve transparency and safeguard users. Schiff’s call for gold introduces additional context to these discussions. It could lead regulators to explore whether commodities can serve as backing for tokens under particular regimes. Market Reaction Mixed According to reports, Schiff’s tweet trended, garnering over 500,000 views within 24 hours. Crypto naysayers applauded his observation on fiat risk. Other investors cautioned that gold-backed tokens have higher fees and cumbersome custody expenses. They explained that transferring metal or establishing physical reserves introduces friction when compared with exchanging dollar-backed coins at a bank custodian. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Investors also pointed out that stablecoins are widely used in lending, trading and payments within DeFi platforms. Dollar‑pegged tokens like USDC and USDT dominate these flows because they tie directly into existing banking rails. Gold‑backed coins, by contrast, tend to be held as digital bullion rather than spent on everyday transactions. Featured image Imagen, chart from TradingView
13 Jun 2025, 17:45
PAXG climbed 1.77% as rising Middle East tensions drove up global demand for gold. Trading volume for PAX Gold jumped 194%, signaling increased investor interest. PAXG broke past $3,440 resistance and now targets the $3,560 to $3,600 price range. PAX Gold (PAXG), a digital asset backed by gold, was trading at $3,447.32 at press time, reflecting a 1.77% increase in the past 24 hours. The session began with a price close to $3,394, saw a sharp spike around 4:00 a.m., and reached a peak near $3,465. Following this, it consolidated in the range of $3,440 to $3,460, suggesting robust support at the recent highs. According to data from CoinMarketCap, the 24-hour trading volume rose by 194.24%, hitting $204.1 million, while the market cap grew to $834.65 million. The circulating and total supply were stable at 242,110 PAXG, confirming the token’s low inflationary risk. The volume-to-market cap ratio of 24.19% indicated strong liquidity. Moreover, this price pattern corresponds with the larger market direction in the physical gold markets. PAXG is pegged 1:1 to real gold held in vaults and has increasingly drawn investor attention amid elevated market volatility. … The post Is PAX Gold Set for New Highs? Token Breaks $3,440 as Safe-Haven Demand Spikes appeared first on Coin Edition .
