PAXGy
Gold that grows
Institutions have lent gold for decades. PAXGy brings those economics to a asset anyone can hold. Backed by PAXG, redeemable against LBMA Good Delivery bullion.
PAXGy MCap
Gold Value
/oz
What makes this different
Gold that compounds in ounces, not dollars
Gold in, more gold out
Gold-denominated growth
Your return is measured in ounces. When you redeem PAXGy, you receive more gold in return. Over $5B in tokenized gold is earning nothing. PAXGy changes that.
Access, democratized
Institutional access, onchain
You don’t have to be a central bank or institution to access gold anchored to the same lending market that has set bullion rates for decades.
Made for enterprise
Built on the most institutionally reconized tokenized gold
PAXGy is built on PAXG, the tokenized gold asset issued by Paxos in 2019. PAXG is backed by LMBA-certified physical gold held in an institutional vault.
Gold in, more gold out
Gold-denominated yield
Your return is measured in ounces. When you redeem PAXGy, you receive more gold in return. Over $5B in tokenized gold is earning nothing. PAXGy changes that.
Access, democratized
Institutional access, onchain
Enable savings rates, structured products, and diversified returns without operational overhead.
Made for enterprise
Built on the most institutionally reconized tokenized gold
Integrate transparent, risk-controlled credit markets directly into your platform.
Your gold, working
See what you could could be earning
→ Real-world markets, grounded in centuries of gold market history
→ Physical gold held in institutional custody throughout
→ In-built liquidity buffer to facilitate redemptions
→ Reserves accrue on direct gold reserves
→ Physical gold held in institutional custody throughout
→ In-built liquidity buffer to facilitate redemptions
→ Reserves accrue on direct gold reserves
Investment Amount
USD
Holding Period
years
In 8 years, PAXGy could earn you
+$2,668
~0.8oz more gold
Total Value
$12,668
~$0
APR
19.6%
more gold
Projected value over time
+$225,000
+$42,000
+$262,260
Hold gold directlyGold price only, no yield
Cash savings accountUSD interest only, no gold
PAXGyGold price + ~3% gold yield
01
Get PAXGy
Buy PAXGy on a supported exchange or DeFi protocol.
02
Gold enters the lending market
Reserve assets are deployed to a network of vetted institutional borrowers through the gold lending market. The same market that has set bullion rates for decades.
03
Your exchange rate rises
The PAXGy exchange rate grows with respect to gold. Your token count stays fixed while your PAXGy becomes worth more PAXG over time.
04
Exit with more ounces
Swap or redeem at the current exchange rate. Because the rate has risen, you receive more PAXG than you started with.
01
Get PAXGy
Buy PAXGy on a supported exchange or DeFi protocol.
02
Gold enters the lending market
The protocol deploys gold to a network of vetted institutional borrowers through the gold lending market — the same market that has set bullion rates for decades.
03
Your exchange rises
Yield accrues to the PAXGy/PAXG exchange rate. Your token count stays fixed — but each PAXGy becomes worth more PAXG over time.
04
Exit with more ounces
Swap or redeem at the current exchange rate. Because the rate has risen, you receive more PAXG than you started with.
Learn more
PAXGy Transparency
Every number behind PAXGy, updated continuously. What backs it, what it's earning, and where the yield comes from.
Verify PAXGy
Exchange Rate
1.150252
/oz
1 PAXGy = 1.003523 oz of gold
PAXGy Price
1.150252
/oz
+0.48%
past 24 hours
PAXGy TVL
1,150,252.35
Total value locked in PAXGy
APY
2.35%
Current annualized yield
Get early access
Earn gold on your gold
Gold lending has paid institutional returns for decades, and it doesn't compress when crypto does. PAXGy opens it up, with no minimums and no accreditation gate.
Talk to our team
Frequently Asked Questions
What is PAXGy?
PAXGy is a receipt token backed by PAXG. Each PAXGy represents an entitlement to a quantity of PAXG that increases over time.
What's the difference between PAXG and PAXGy?
PAXG is tokenized gold: one token equals one troy ounce held in institutional custody. PAXGy is a receipt token backed by PAXG, whose entitled quantity of PAXG grows over time. Holding PAXG gives you a fixed quantity of gold; holding PAXGy gives you a growing one.
How are the reserves managed?
A portion of the reserve is held as unencumbered PAXG to meet redemptions and the remainder is deployed in gold-denominated lending to institutional counterparties in the physical supply chain, lending, and financing markets.
How does the exchange rate model work?
PAXGy does not rebase. The number of tokens in your wallet stays constant while the entitled quantity of PAXG per token increases. When you redeem, you receive more PAXG than you minted. This keeps PAXGy simple to hold and composable with DeFi protocols.
Is PAXGy available in my country?
PAXGy is not available in all jurisdictions, including the United States. Availability is determined at mint.
How do I access PAXGy?
PAXGy can be minted directly from the issuer, subject to identity verification and jurisdictional eligibility. It can also be acquired on the secondary market, including through supported wallets, exchanges and decentralized venues.
Redemption with the issuer is available to verified holders only. PAXGy is not available in all jurisdictions.
How long does it take to redeem PAXGy?
Through an exchange or DEX you can swap out of PAXGy at the market price at any time. Redeeming directly with the issuer settles within 24 hours; redemptions above a certain size settle within 7 days.
What are the risks?
PAXGy gives full exposure to the price of gold, including its volatility, and does not hedge against adverse price movements. The reserves are deployed in lending agreements and bears credit, counterparty and duration risk on that activity, including positions of indeterminate duration. Collateral requirements reduce but do not eliminate default risk.
Where can I see what's happening?
Reserve composition, coverage ratio, redemption terms and attestations are published at transparency page.
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