PAX Gold (PAXG) provides a blockchain-based method for investors to track gold prices with 1-to-1 physical backing. The asset eliminates traditional ETF management fees while offering 24/7 market liquidity.
- 1-to-1 backing by physical gold in London vaults
- Market capitalization currently stands at $2.3 billion
- Eliminates management fees typical of gold ETFs
- Available for trading 24/7 on major crypto platforms
- Tracks long-term gold appreciation trends
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