Paxos announced that its regulated gold-backed token, PAX Gold (PAXG), has exceeded $1 billion in market capitalization. This milestone highlights the growing investor confidence in tokenized real-world assets. PAXG is backed by physical gold held in vaults and allows investors to own and trade gold with the speed and efficiency of the blockchain.

The token is redeemable for physical gold bars, a feature that distinguishes it in the digital asset space. This direct redeemability, combined with its availability on major cryptocurrency exchanges like Coinbase, Kraken, and Binance, has contributed to its widespread adoption. The growth of PAXG reflects a broader trend of tokenizing physical assets, offering investors new avenues for portfolio diversification and hedging against market volatility.