Paxos Labs launches PAXGy token backed by PAX Gold

cryptonews

09/25

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. Summary Holders can ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaxos Labs launches PAXGy token backed by PAX Gold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-25 02:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/paxos-labs-launches-paxgy-token-backed-by-pax-gold/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n\n\nSummary\n\n\n\nHolders can ...</p>\n\n<a href=\"https://crypto.news/paxos-labs-launches-paxgy-token-backed-by-pax-gold/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OUNZ","symbol_name":"VanEck Merk黄金股票基金","start_time":0,"source_url":"https://crypto.news/paxos-labs-launches-paxgy-token-backed-by-pax-gold/","article_id":"2670490893","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/paxos-labs-launches-paxgy-token-backed-by-pax-gold/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2670490893","pubTimestamp":1790274141,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"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.Holders can deposit PAXG or swap accepted stablecoins to receive PAXGy.Paxos Labs says lending income accrues through a PAXGy-to-PAXG exchange rate, rather than an increase in token balances.PAXGy is available through OKX Gold Earn and X Layer, with access through several onchain platforms.According to Paxos Labs’ launch announcement shared with crypto.news, the company deploys the reserves behind PAXGy to vetted institutional gold borrowers. As the borrowers pay to lease the metal, the company says the value of each PAXGy rises in PAXG terms. Holders can redeem PAXGy for PAXG, although the amount returned depends on the exchange rate at the time.For direct redemptions through the Paxos platform, the PAXG terms require a verified account. They also set a minimum of 430 PAXG, plus a fee, for redemption into an allocat","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"OUNZ":"VanEck Merk黄金股票基金","DBC":"商品指数ETF-PowerShares DB","CEF":"Sprott Physical Gold & Silver Trust","GDXJ":"小型黄金矿业ETF(Market Vectors)","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","KGLD":"Kurv Gold Enhanced Income ETF","SGOL":"Abrdn Gold ETF Trust","PPI":"AXS Astoria Real Assets ETF","GLDY":"Defiance Gold Enhanced Options Income ETF","AAAU":"Goldman Sachs Physical Gold ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","IAU":"黄金信托ETF-iShares","DUST":"二倍做空黄金矿业指数ETF-Direxion","DGP":"二倍做多黄金ETN(PowerShares)","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDXW":"Roundhill Gold Miners WeeklyPay ETF","PICK":"iShares MSCI Global Metals & Mining Producers ETF","DZZ":"德银黄金两倍做空ETN","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","GLL":"2倍做空黄金ETF-ProShares","BAR":"GraniteShares Gold Shares","IAUI":"NEOS Gold High Income ETF","GLD":"黄金ETF-SPDR","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","IAUM":"ISHARES GOLD TRUST MICRO","02840":"SPDR金","XME":"金属与采矿指数ETF-SPDR","RING":"iShares MSCI Global Gold Miners ETF","JNUG":"金矿指数二倍做多ETF","JDST":"金矿指数二倍做空ETF","YGLD":"Simplify Gold Strategy PLUS Income ETF","UYM":"基础材料指数ETF-ProShares两倍做多","UGL":"2倍做多黄金ETF-ProShares","SGDM":"Sprott Gold Miners ETF","PHYS":"Sprott Physical Gold Trust","GLDM":"SPDR Gold MiniShares Trust","BTGD":"STKD Bitcoin & Gold ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","GDX":"黄金矿业ETF-VanEck","USG":"USCF Gold Strategy Plus Income Fund","GBUG":"Sprott Active Gold & Silver Miners ETF","DGZ":"做空黄金ETN(德银)","IGLD":"FT Vest Gold Strategy Target Income ETF®","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN"},"translate_title":"Paxos Labs 推出由 PAX Gold 支持的 PAXGy 代币","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/16b7f280b38d7598f34748b66db68fd3","symbols_score_info":{"GLD":0.6,"PPI":0.9,"SHNY":0.9,"GLDY":0.6,"IAU":0.9,"GDXU":0.9,"GOAU":0.9,"JDST":0.9,"1OZmain":0.9,"GDXY":0.9,"GBUG":0.9,"BEGS":0.9,"GLL":0.9,"BGLD":0.6,"GOLY":0.9,"BTGD":0.9,"GDXD":0.9,"GLDM":0.9,"GLTR":0.9,"UYM":0.9,"JNUG":0.9,"GDX":0.9,"IAUM":0.9,"02840":0.9,"SGDM":0.9,"BAR":0.9,"XME":0.9,"IAUI":0.9,"PICK":0.9,"DZZ":0.9,"DUST":0.9,"UGL":0.9,"KGLD":0.6,"GDXJ":0.9,"OUNZ":0.9,"DGP":0.9,"AAAU":0.9,"DULL":0.9,"FGDL":0.9,"SGOL":0.9,"NUGT":0.6,"DGZ":0.6,"IGLD":0.6,"PHYS":0.9,"RING":0.9,"DBC":0.9,"CEF":0.9,"GDXW":0.6,"USG":0.9,"YGLD":0.6},"content_text":"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.\n\n\nSummary\n\n\n\nHolders can deposit PAXG or swap accepted stablecoins to receive PAXGy.\nPaxos Labs says lending income accrues through a PAXGy-to-PAXG exchange rate, rather than an increase in token balances.\nPAXGy is available through OKX Gold Earn and X Layer, with access through several onchain platforms.\nBorrower defaults or losses in the reserve strategies could lower the exchange rate, according to Paxos Labs.\n\n\n\nAccording to Paxos Labs’ launch announcement shared with crypto.news, the company deploys the reserves behind PAXGy to vetted institutional gold borrowers. As the borrowers pay to lease the metal, the company says the value of each PAXGy rises in PAXG terms. Holders can redeem PAXGy for PAXG, although the amount returned depends on the exchange rate at the time.\nThe structure gives holders a way to seek returns measured in ounces of gold rather than dollars. It also makes PAXGy different from simply holding PAXG: the return depends on the performance of a lending strategy, while the dollar value of both tokens remains exposed to changes in the gold price, Paxos Labs said.\nHow PAXGy turns gold leasing into token returns\nPaxos Labs said a holder can enter the product by depositing PAXG or swapping an accepted stablecoin. Instead of distributing additional tokens to the wallet, income from the reserve assets is designed to increase the amount of PAXG redeemable for each PAXGy.\nThe reserves are placed with institutional borrowers in the bullion leasing market, according to the announcement. Refiners, jewelry makers, miners and bullion banks may borrow gold for their operations and pay a lease rate in gold terms. Paxos Labs said the market has long relied on large transactions and direct relationships with banks, limiting access for smaller holders.\n“Gold has been lent for thousands of years, and institutions have earned on their bullion reserves for decades,” Paxos Labs co-founder Bhau Kotecha said in the announcement. He said PAXGy is intended to give token holders access to those economics, with the reserves growing in ounce terms when the strategy earns a return.\nThe distinction between the two tokens matters for anyone entering or leaving the product. Under Paxos’ PAXG terms, each PAXG represents one fine troy ounce of London Good Delivery gold held on a segregated basis for holders. PAXGy, by contrast, is built on PAXG and uses reserves in an external lending strategy, as described by Paxos Labs.\nFor direct redemptions through the Paxos platform, the PAXG terms require a verified account. They also set a minimum of 430 PAXG, plus a fee, for redemption into an allocated London Good Delivery bar. Those conditions concern the underlying PAXG product; Paxos Labs describes the exit from PAXGy as redemption into PAXG.\nWhere PAXGy is available at launch\nPaxos Labs named OKX as PAXGy’s only centralized exchange listing at launch and said the token is available through OKX Gold Earn and X Layer. It also named 0x, Uniswap and Ether.Fi among its onchain launch partners. Additional venues are expected to follow, the company said.\nFor transfers between blockchains, Paxos Labs selected Chainlink’s Cross-Chain Interoperability Protocol as its exclusive messaging provider. The company said holders can move a PAXGy position across supported chains without first redeeming it for PAXG. Availability through a particular exchange or service may still depend on that provider’s terms and the holder’s location.\nThe launch comes as tokenized gold is being used for more than spot trading. In August, Arch Lending began accepting PAXG and Tether Gold as collateral for loans, according to an earlier crypto.news report. Arch’s service lets eligible holders borrow against their tokens; PAXGy instead seeks a return by placing reserve assets with gold borrowers.\nTrading activity has also increased. A report on tokenized gold volume in May cited CoinGecko data showing $90.7 billion in first-quarter 2026 spot volume, above the $84.64 billion recorded throughout 2025. CoinGecko identified PAXG and Tether Gold as the main contributors to that market’s trading activity.\nWhat U.S. holders need to know about the risks\nPaxos Labs’ product notice says PAXGy carries credit, liquidity, and market risks. Returns are not guaranteed: losses in the external strategies or a borrower default could cause the PAXGy-to-PAXG exchange rate to fall, leaving a holder with less gold exposure than the amount deposited. A rise in the exchange rate would likewise not guarantee a dollar profit if the price of gold fell.\nFor U.S. holders considering the underlying asset, Paxos’ PAXG terms spell out a separate set of redemption conditions. Only verified customers can purchase PAXG from Paxos or convert and redeem it directly through its platform, and the company says it may refuse a transaction in circumstances described in those terms. PAXGy’s launch announcement does not state that holding the new token changes those direct PAXG redemption requirements.\nPaxos Labs said tokenizing gold allows smaller holdings to be pooled into positions large enough for institutional leasing. Chief executive and co-founder Charles Cascarilla described PAXGy as a way to put tokenized gold to work after it has been made transferable onchain. The company’s notice says any resulting growth still depends on the reserve strategy, and its exchange rate may be adjusted downward if that strategy incurs losses.\n\n\n\n\n\n                Read more:\n            \n\n                Polymarket sued by New York over alleged illegal gambling","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}