Paxos has launched PAXGy, a tokenized gold lending product, now live on OKX and onchain via Uniswap, X Layer, 0x and ether.fi, powered by Chainlink CCIP. The company frames the offering as opening gold lending, which it says has been quoted daily for fifty years but restricted by institutional minimums, bullion bank relationships and settlement infrastructure. Paxos describes PAXGy as gold that grows and calls its tokenized gold asset the most regulated, now compounding. The firm characterized the launch as just the beginning.

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Thread · 2 events · last update 24 Sep 16:03 · quiet
  1. First reportPAXGy launches tokenized gold lending across crypto platforms14 acc.
  2. Leviathan published this article
  3. UpdatePaxos launches PAXGy, a gold-accruing token built on PAX Gold4 acc.

All times UTC.

Cited posts

  • @AlasdGem Ed | Sunrise 🌅First reportOn X ↗

    https://t.co/sydkaSkScW

  • @bhau___ bhauOn X ↗

    Gold has always been how my family marked major life transitions. My grandparents celebrated the moment of my birth with gold. When I got married this June, gold jewelry was how those closest to us honored that moment. That's not unique to my family, it's true for millions of… https://t.co/eFrWV0xzim

  • @paxoslabs Paxos LabsOn X ↗

    Gold lending has been quoted every working day for fifty years, yet is still closed to almost everyone who owns the asset. Institutional minimums, bullion bank relationships, settlement infrastructure. PAXGy changes that. Live today on @okx and onchain on @Uniswap,…

Show 3 more cited posts
  • @ChundaMcCain ChundaOn X ↗

    I'm excited to share one of our most significant product releases to date at @paxoslabs: PAXGy. Launched in partnership with @okx, @ether_fi, @Uniswap, @0xProject, @XLayerOfficial, and @chainlink Historically, owning gold onchain has been a passive experience: you buy it, and… https://t.co/CkljpbsX89

  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: Paxos Labs launched PAXGy, a new token backed by PAX Gold (PAXG) designed to increase in value in gold terms rather than dollars. The reserves backing PAXGy are deployed through institutional gold-lending markets, with the resulting yield increasing the amount of PAXG…

  • @PaxosOn X ↗

    Gold that grows. @PaxosLabs just launched PAXGy, a PAXG-backed token that grows in gold terms. Bringing the economics of institutional gold lending to a token anyone can hold. https://t.co/Z2KcDq7uY3

12 more accounts posted about this · 1 Telegram channel (no public link)

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Open13 open positions · 11 long · 2 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 24 Sep 15:29 UTC.

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Crowding54th percentile · vs last 28 days, 50 typical
Pulse 24h38/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.3% long · 12,006 accounts

As of 24 Sep 15:00 UTC.

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