The 1/400th of a numbered gold bar is represented by a PAX Gold token. It is a tokenized gold bar of 400 ounces that is certified by the LBMA (certified London Good Delivery bars). The vault storage and security is provided by Brink's in London. PAX Gold is 24×7 instant and cheap to trade on the Ethereum blockchain. It is further divisible to 18 decimal places, making it accessible to everyone.

The PAX Gold token is the first regulated gold-backed token to be approved by the New York State Department of Financial Services. The external supervision and control is carried out by Withum. Withum conducts a monthly audit to see that the gold in stock at Brink's matches the outstanding tokens.

The company responsible for issuing the tokens is the Paxos Trust Company and follows the AICPA standard. Paxos aims to modernize, globalize, and democratize the old world of finance through regulated tokenizing of assets on blockchain technology. PAX Gold can be considered a tokenized security and can be an important SoV (Store of Value) within the emerging DeFi sector.