Paxos Launches Gold-Backed Crypto on Ethereum Network

Paxos has launched a gold-backed crypto on the Ethereum network.

Pax Gold (PAXG) entitles holders of the token to a physical bar of gold stored in Brink’s London vault.

Pax Gold has been approved by the New York Department of Financial Services.

Pax Gold has notably been approved by the New York Department of Financial Services.

For more details, see CoinDesk’s “Paxos Launches Gold-Backed Cryptocurrency.”

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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