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Paxos Labs Launches PAXGy Token Backed by PAX Gold

The new token lets holders seek returns in ounces of gold by placing reserves with institutional borrowers, Paxos Labs said.

Summary by crypto.news
Paxos Labs has launched PAXGy, a token built on PAX Gold that is designed to increase the amount of PAXG a holder can redeem as its reserves earn returns from gold leasing. According to Paxos Labs’ launch announcement shared with…

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crypto.newscrypto.news
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Paxos Labs launches PAXGy token backed by PAX Gold

Paxos Labs has launched PAXGy, a token built on PAX Gold that is designed to increase the amount of PAXG a holder can redeem as its reserves earn returns from gold leasing. According to Paxos Labs’ launch announcement shared with…

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PR NewswirePR Newswire
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Paxos Labs Launches PAXGy, a PAXG-Backed Token that Grows in Gold Terms

/PRNewswire/ -- Paxos Labs, the enterprise-grade digital asset infrastructure provider, today announced the launch of PAXGy, a gold-backed token that accrues...

·Chicago, United States
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The DefiantThe Defiant

Paxos Labs Launches PAXGy, Adding Lending Yield to Tokenized Gold

Paxos Labs launched PAXGy to earn gold-denominated lending returns. Holders face credit risk, and direct redemptions require approval.

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BITRSSBITRSS

Paxos Launches Gold-Backed Token PAXGy

ChainCatcher reports that Paxos Labs has announced the launch of its gold-backed token, PAXGy, with PAX Gold as the underlying asset and holdings growing in ounces of gold. PAX Gold is fully backed by investment-grade gold from the LBMA vaults and independently certified by KPMG. Holders can earn PAXGy by depositing PAX Gold or exchanging it for an acceptable stablecoin.

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Crypto BriefingCrypto Briefing
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Cryptocurrency News | Cryptocurrency Prices | Market CapCryptocurrency News | Cryptocurrency Prices | Market Cap

Paxos Labs debuts PAXGy gold token across OKX and DeFi platforms

PAXGy democratizes access to gold leasing markets, enabling retail investors to earn gold yields, potentially reshaping asset-backed tokenization.

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PR Newswire broke the news in Chicago, United States on Thursday, September 24, 2026.
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