Paxos, a digital asset infrastructure provider, has launched its tokenized gold product, PAXG, on the Solana blockchain. This is the first step in its multi-chain expansion plan. Each PAXG token stands for one fine troy ounce of physical gold kept in London vaults, giving investors regulated, blockchain-based access to gold without needing to store or insure it themselves. The move also brings tokenized gold to Solana’s growing real-world asset ecosystem and strengthens Paxos’ reach across different blockchains.
Originally launched on Ethereum in 2019, PAXG is issued by Paxos Trust Company, a regulated trust institution overseen by the U.S. Office of the Comptroller of the Currency (OCC). The underlying gold is held in LBMA-accredited vaults in London and is supported by monthly attestations from KPMG and annual physical audits conducted by Bureau Veritas.
Paxos says demand for tokenized gold has grown a lot as investors look for easier options than physical gold or traditional gold ETFs. The company says PAXG has grown by over 300% since 2024, helped by rising gold prices worldwide. Investors get lower costs, almost instant settlement, and can use or transfer tokenized gold across blockchain apps.
To support the launch on Solana, Paxos upgraded its Ethereum smart contracts so PAXG can work across both EVM and non-EVM networks. Ethereum users can now move their PAXG directly to Solana without selling or giving up control of their gold-backed tokens. On Solana, PAXG uses the Token-2022 standard, which keeps compliance features built into the token.
Paxos is also working with Sunrise DeFi to add PAXG to Solana’s DeFi ecosystem. This lets users get liquidity through major decentralized exchanges and compatible wallets. Holders can redeem their tokens for physical gold, unallocated gold, or U.S. dollars, and benefit from clear reserve reporting and gold bar tracking.
This launch happens as tokenized real-world assets keep growing on blockchains. Even though there are still challenges like changing regulations, smart contract risks, and competition, Paxos believes bringing PAXG to more blockchains will make regulated digital gold available to many more people worldwide.
PAXG is now live on @Solana via @sunrisedefi.
The only OCC-regulated gold token joins one of crypto’s fastest-growing ecosystems for builders. pic.twitter.com/6x2msjhTrv
— Paxos (@Paxos) June 25, 2026
BREAKING: $PAXG from @Paxos is now live on Solana via @sunrisedefi pic.twitter.com/KYPmJ02TBg
— Solana (@solana) June 25, 2026
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