Latest PAX Gold updates on March 28th

The Paxos cryptocurrency project has been very active in recent months, announcing several updates, dates and announcements. Most notably, Madan Nagaldinne will be participating in the Transform2023 event in Las Vegas tomorrow, where he is set to share valuable insights on the Paxos project. Furthermore, the project is driving the tokenization of various complex worlds, as well as developing superior, regulated blockchain infrastructure. To ensure customer safety, Paxos holds more than 90% of its stablecoin reserves in short-term US Treasury bills and overnight deposits. Additionally, Paxos has numerous banking partners and holds all customer assets in a remote-first manner. Finally, Paxos has conducted a consumer survey and discontinued all SEN transfers and wires to Silvergate Bank.

What is PAX Gold ?

Pax Gold (PAXG) is a digital token that is backed by physical gold, providing investors with a cost-effective way to own and trade investment-grade physical gold. Each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. The gold is held in custody by Paxos Trust Company and is audited monthly.

PAXG offers investors a more efficient way to own physical gold compared to other gold tokens, gold ETFs, and LBMA 400 t oz bars. It has a low minimum purchase amount, no storage fees, and is trusted by the largest global financial institutions. PAXG is available to trade on the Paxos platform, as well as leading exchanges including Binance and itBit.

PAX Gold is an ideal way for investors to diversify their portfolios and hedge against economic instability. Unlike other physical gold investments, PAXG is digital, easy to buy, and easy to store. It is also extremely liquid, allowing investors to quickly and easily access their gold whenever they need it. In addition, PAXG is insured and audited regularly, giving investors peace of mind that their investment is secure.

PAXG is a secure and regulated investment, making it attractive to both institutional and retail investors. It is fully compliant with all applicable laws and regulations and is monitored by the New York State Department of Financial Services. PAXG is also audited by leading accounting firms, further ensuring the security of the token.

Whether you’re a seasoned investor or just getting started, PAXG offers a low-cost and convenient way to invest in gold. With PAXG, investors can easily store, trade, and transfer their gold without ever having to hold it in their hands.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.