PAXGy
Gold that grows
PAXGy is a PAXG-backed token that grows in gold terms. It brings the economics of institutional gold lending to a token anyone can hold.
PAXGy Market Cap
Gold Value
/oz
What makes this different
Gold that compounds in ounce terms
Gold in, more gold out
Gold-denominated growth
Growth is measured in ounces. The PAXGy exchange rate increases over time, so your token balance remains constant while each PAXGy comes to represent more PAXG.
Access, democratized
Institutional access, onchain
The reserves underlying PAXGy are deployed to a network of vetted institutional borrowers through the same leasing market that has set bullion rates for decades.
Made for enterprise
Built on the most institutionally recognized tokenized gold asset
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
→ In-built liquidity buffer to facilitate redemptions
→ Reserves accrue on direct gold reserves
→ In-built liquidity buffer to facilitate redemptions
→ Reserves accrue on direct gold reserves
01
Get PAXGy
Deposit PAXG or swap accepted stablecoins to redeem PAXGy on a supported exchange or DeFi Platform.
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. What backs it, how it's held, and how the reserve is managed.
Verify PAXGy
Exchange Rate
$1.150252
oz / PAXGy
PAXGy Price
$1.150252
+0.48%
past 24 hours
PAXGy TVL
$1,150,252.35
Total value locked in PAXGy
Growth Rate
2.35%
Current accretion rate
Get early access
Earn gold on your gold
Institutions have earned on their bullion reserves for decades. PAXGy brings those economics to a token anyone can hold.
Reach out to learn about how to access PAXGy.
Reach out to learn about how to access PAXGy.
Talk to our team
Find PAXGy
Where to access
Frequently Asked Questions
What is PAXGy?
PAXGy is a PAXG-backed reciept token. It appreciates against PAXG over time as gold-denominated growth accrues.
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.
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.
Redemption with the issuer is available to verified holders only. PAXGy is not available in all jurisdictions.
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.
Is PAXGy available in my country?
PAXGy is not available in all jurisdictions, including the United States and the European Union. Availability is determined at mint.
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