PAX Gold (PAXG)
Official-document verification is not direct product testing, full legal-package completeness, reserve inspection or legal approval. Unknown is never zero or permission; conflicting terms remain unresolved. No live liquidity, ranking, trading or wallet is provided.
Coverage and missing structures
Five gold structures are distinguished: allocated token, unallocated claim, trust share, dated future and perpetual. Four named products plus one LBMA structural reference were researched. Other commodities require separate storage, quality and delivery evidence; the gold model is not copied to them.
Real product record
Terms describe proportional beneficial ownership in allocated gold. This is distinct from equity, a generic custody claim, or verified current reserves.
- Structure
- Allocated gold token
- Classification
- Tokenized commodity
- Holder rights
- Beneficial ownership of commodity
- Legal form
- Allocated-metal beneficial interest
- Symbol / ISIN
- PAXG · Unknown / not established
- Document scope
- Paxos US provider contract; London custody; platform redemption conditions
- RWA EDU record revision
- market-source-pack-2026-10-19-v1
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Each PAXG is described as one fine troy ounce of gold with proportional beneficial interests in allocated bars; bar allocation may be changed.
Document locator: §4.2–4.3, §5.1–5.3
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Underlying identity and unit
Documented in this source package
Each PAXG is described as one fine troy ounce of gold with proportional beneficial interests in allocated bars; bar allocation may be changed.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Each PAXG is described as one fine troy ounce of gold with proportional beneficial interests in allocated bars; bar allocation may be changed.
Document locator: §4.2–4.3, §5.1–5.3
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Issuer / contracting entity
Documented in this source package
Paxos Trust Company, N.A. is the contracting provider named in these terms.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Paxos Trust Company, N.A. is the contracting provider named in these terms.
Document locator: Terms parties / opening definitions
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Provider and separate roles
Documented in this source package
Paxos platform creation/redemption conditions apply to verified accounts; external venues have their own costs and access rules.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Paxos platform creation/redemption conditions apply to verified accounts; external venues have their own costs and access rules.
Document locator: §4.11, §11; fee article scope
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Legal structure
Documented in this source package
Contract describes beneficial ownership of allocated gold, not shares in Paxos or a general claim identical to unallocated gold.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Contract describes beneficial ownership of allocated gold, not shares in Paxos or a general claim identical to unallocated gold.
Document locator: §4.2–4.3, §5.1–5.3
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Asset backing and verification scope
Documented in this source package
Allocated-bar backing is a provider contractual statement; current reserves, bar inspection and full insurance terms were not independently verified.
Inspect field evidence
Research statement — not a verbatim primary-source quote · PROVIDER_CLAIM
Allocated-bar backing is a provider contractual statement; current reserves, bar inspection and full insurance terms were not independently verified.
Document locator: §4–5; source-analysis scope
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Holder rights
Documented in this source package
Proportional beneficial ownership under the specific PAXG contract; no equity or universal legal conclusion. Reallocation and freeze/seizure powers remain relevant.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Proportional beneficial ownership under the specific PAXG contract; no equity or universal legal conclusion. Reallocation and freeze/seizure powers remain relevant.
Document locator: §4–5, §14
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Dividend / income treatment
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Voting rights
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Custodian
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Transferability
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Eligibility and channel conditions
Documented in this source package
Direct issuer redemption needs a verified Paxos account and applicable checks; owning a token alone does not establish approval.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Direct issuer redemption needs a verified Paxos account and applicable checks; owning a token alone does not establish approval.
Document locator: §4.11, §11.1
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Trading hours
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Trading and settlement
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Redemption / delivery
Documented in this source package
Physical bar redemption requires at least 430 PAXG per bar plus fees, enhanced checks and conditional delivery arrangements. Other redemption routes have their own terms.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Physical bar redemption requires at least 430 PAXG per bar plus fees, enhanced checks and conditional delivery arrangements. Other redemption routes have their own terms.
Document locator: §11.4
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Liquidity
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Leverage
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Primary risks
Documented in this source package
Contract permits freezing/seizure and makes Pricing Supplement terms prevail over help text; future storage fees are permitted. No independent current-reserve/insurance assurance is given.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Contract permits freezing/seizure and makes Pricing Supplement terms prevail over help text; future storage fees are permitted. No independent current-reserve/insurance assurance is given.
Document locator: §14–15
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Fees by channel and basis
Primary issuer · Documented in this source package
The inspected fee article currently states no storage fee; contract permits future storage fees. Not a timeless zero-cost promise.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
The inspected fee article currently states no storage fee; contract permits future storage fees. Not a timeless zero-cost promise.
Document locator: Terms §15; fee article Storage
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Primary issuer · Documented in this source package
Creation fees are waived through 2027-01-01 under the fee article; other charges and changed pricing remain possible.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Creation fees are waived through 2027-01-01 under the fee article; other charges and changed pricing remain possible.
Document locator: Creation fees waiver
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: 2027-01-01
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Primary issuer · Documented in this source package
From 2026-09-01, 30-day net redemption uses marginal USD thresholds 2m/10m/20m and rates 0.125%/0.25%/0.35%/0.5%; not a single all-in 0.125% fee.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
From 2026-09-01, 30-day net redemption uses marginal USD thresholds 2m/10m/20m and rates 0.125%/0.25%/0.35%/0.5%; not a single all-in 0.125% fee.
Document locator: Redemption fees marginal table
Claim checked: 2026-10-19 · Applies from: 2026-09-01 · Applies through: Unknown / not established
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Primary issuer · Documented in this source package
Additional 0.05% applies to specified allocated/unallocated in-kind routes; chain gas and external venue costs are excluded.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Additional 0.05% applies to specified allocated/unallocated in-kind routes; chain gas and external venue costs are excluded.
Document locator: In-kind redemption fee
Claim checked: 2026-10-19 · Applies from: 2026-09-01 · Applies through: Unknown / not established
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Source and version details
- PAX Gold Terms and Conditions
Paxos Trust Company, N.A. · US provider contract / London gold custody
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-12 · Last modified 2025-12-12
- PAX Gold Fees
Paxos · Paxos platform only; external venue fees excluded
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: Unknown / not established · Relative updated label only; redemption/in-kind changes effective 2026-09-01