Paxos expands PAXG to Solana as demand for tokenized gold continues to rise.
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Paxos expands PAXG to Solana as demand for tokenized gold continues to rise. What to know: * Paxos launched PAXG on Solana as part of a wider multi-chain expansion strategy aimed at broader adoption. * Rising gold prices are boosting demand for tokenized gold investment products among retail and institutional investors. * Solana offers low fees, rapid settlement, and fast transactions for PAXG users and developers. Paxos has expanded its Pax Gold (PAXG) token to Solana, launching the first phase of a broader multi-chain strategy aimed at bringing tokenized gold to more blockchain ecosystems. The move comes as gold enjoys its strongest bull market in two decades, encouraging investors to seek digital alternatives that provide exposure to physical assets. The launch highlights rising demand for real-world assets that combine traditional investments with blockchain efficiency. The network said PAXG has grown more than 300% since 2024, reflecting stronger interest in tokenized gold products. The Solana expansion could help broaden access by connecting PAXG to a fast-growing blockchain ecosystem and user base. PAXG was designed to simplify gold ownership by removing storage, custody, and transfer burdens. Each token represents one fine troy ounce of gold stored in LBMA-accredited vaults, with monthly KPMG attestations and annual Bureau Veritas inspections. Regulated by...
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