Assets/PAXG

PAX Gold

PAXG
Commodity RWA

PAXG is a tokenized commodity representing one fine troy ounce of London Good Delivery gold. Holders own allocated underlying gold held in Paxos Trust Company custody.

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PAXG is a tokenized commodity representing one fine troy ounce of London Good Delivery gold. Holders own allocated underlying gold held in Paxos Trust Company custody.

Sources · 3
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
paxos.com ↗
“Anyone who owns PAX Gold owns the underlying gold which is held under the custody of Paxos Trust Company.”
paxos.com ↗
“PAX Gold is backed by physical gold and is allocated down to the serial number of each individual bar.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The issuer whitepaper supports every material element: each PAXG token represents one fine troy ounce of a London Good Delivery gold bar; holders own the underlying gold in Paxos Trust Company custody | anthropic: confirmed — goal-fit: The claim directly answers the slot question — it states what the token is (a tokenized commodity representing one fine troy ounce of London Good Delivery gold), what a holder's claim is (ow | kimi: confirmed — All material claims are supported by the archived whitepaper. 'Tokenized commodity representing one fine troy ounce of London Good Delivery gold' matches the archived text verbatim: 'one token represe

Overview

PAXG price

$4,253.94

◇

Category

Commodity RWA

◫

Collateralization ratio

100%

Sources · 2
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”
paxos.com ↗
“Additionally, Chainlink will develop on-chain Proof of Reserve Data Feeds for Paxos assets, allowing DeFi applications to quickly verify on-chain that PAX tokens are fully backed 1:1 by US Dollars and PAXG tokens are fully backed by gold bars, both of which are held off-chain in Paxos’ custody.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The archived Paxos sources explicitly state that the entire PAXG supply corresponds 1:1 with ounces of London Good Delivery gold held in vaults and is fully backed by gold bars held in Paxos custody. | anthropic: confirmed — The SLOT QUESTION asks for the disclosed backing ratio (100 for 1:1). Both sources directly state 1:1 backing: the Paxos KB says Withum independently verifies at month end that 'the entire supply of P | kimi: confirmed — Both archived sources directly state 1:1 backing: the Paxos support article says Withum independently verifies at month end that the entire PAXG token supply corresponds 1:1 with ounces of London Good

□

Custodian

Paxos custodies allocated bars for PAXG holders

Sources · 3

Vault provider unnamed; allocation state overstated.

paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”
support.paxos.com ↗
“Our vault provider maintains insurance against loss of the gold held in custody by Paxos for the benefit of PAX Gold token holders.”
paxos.com ↗
“The gold is <!-- Page 7 --> secured, stored and safeguarded at a precious metals security facility within locked London vaults.”

Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that Paxos Trust Company custodies allocated PAXG gold for token holders, is a New York state-chartered trust company regulated by NYDFS, and holds the gold in a segregat | anthropic: confirmed — Both items are supported by the union of the fetched sources, and the claim answers the slot question (who holds the underlying, charter, segregation). Item 1 (Paxos custodies allocated bars for PAXG | kimi: confirmed — Both items are supported by the union of sources. (1) 'Paxos custodies allocated bars for PAXG holders' is directly stated in the whitepaper: 'All gold bars represented by PAX Gold tokens are custodie

Performance

Growth

Growth of $10,000 over all history

$10,508.59

+$508.59
Jul 23, 26Jul 26, 26Jul 30, 26Aug 2, 26Aug 5, 26
$10.6K$10.4K$10.3K$10.2K$10K$9.88K

As of Aug 5, 2026 · source: Kamino API

Returns

As of August 5, 2026

Since inception

PAXG

+12.31%

Benchmark

Benchmark unavailable

Since inception
PAXG+12.31%
Benchmark unavailable—

Since inception

PAXG

+5.09%

Benchmark

Benchmark unavailable

Since inception
PAXG+5.09%
Benchmark unavailable—

The underlying

Portfolio overview

Pool-wide metrics

Collateralization

100%
More
Sources · 2
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”
paxos.com ↗
“Additionally, Chainlink will develop on-chain Proof of Reserve Data Feeds for Paxos assets, allowing DeFi applications to quickly verify on-chain that PAX tokens are fully backed 1:1 by US Dollars and PAXG tokens are fully backed by gold bars, both of which are held off-chain in Paxos’ custody.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The archived Paxos sources explicitly state that the entire PAXG supply corresponds 1:1 with ounces of London Good Delivery gold held in vaults and is fully backed by gold bars held in Paxos custody. | anthropic: confirmed — The SLOT QUESTION asks for the disclosed backing ratio (100 for 1:1). Both sources directly state 1:1 backing: the Paxos KB says Withum independently verifies at month end that 'the entire supply of P | kimi: confirmed — Both archived sources directly state 1:1 backing: the Paxos support article says Withum independently verifies at month end that the entire PAXG token supply corresponds 1:1 with ounces of London Good

Portfolio composition

1 holdings · sorted by weight

London good delivery gold
One fine troy ounce per PAXG, allocated to identifiable bars; current disclosed model as of 2026-08-05
More
Sources · 3
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
paxos.com ↗
“PAX Gold is backed by physical gold and is allocated down to the serial number of each individual bar.”
paxos.com ↗
“PAXG is backed by one fine troy ounce of gold, stored in LBMA vaults”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The cited Paxos disclosures support the stated model: each PAXG represents one fine troy ounce of gold; the whitepaper specifies London Good Delivery bars and allocation to identifiable bar serial num | anthropic: confirmed — The value states weight (one fine troy ounce per PAXG), allocation description (allocated to identifiable bars), and an as-of date, which directly answers the SLOT QUESTION. The whitepaper states verb | kimi: confirmed — All three claimed quotes appear verbatim in the archived sources and jointly support the atomic value. The whitepaper states 'one token represents one fine troy ounce of a London Good Delivery gold ba

Filings & disclosures

Source documents from the issuer, hosted at the original source.

PAX Gold Terms and Conditions govern physical-gold redemption; modification date is not stated in the corpus.

paxos.com

General Terms and Conditions; legal terms; last modified December 12, 2025.

paxos.com

Legal & regulatory structure

Independent layers of protection — the legal wrapper, the asset custodian, and third-party validators.

✓

Legal wrapper

Protects holders if the issuer fails.

Vehicle
Paxos Trust Company issues and custodies PAXG through its New York state-chartered limited-purpose trust structure.
More
Sources · 2
insights.paxos.com ↗
“Paxos is a limited purpose trust company chartered by the New York State Department of Financial Services.”
paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The sources expressly state that Paxos Trust Company issues PAX Gold, holds the underlying gold in custody for token holders, and operates as a New York limited-purpose trust company chartered and reg | anthropic: confirmed — The slot asks for the legal wrapper and jurisdiction. The archived T&C (Section 8.3) states verbatim: 'Paxos is a limited purpose trust company chartered by the New York State Department of Financial

Transfer restrictions
Paxos may freeze PAXG globally or by address. Binding legal directives may move seized tokens into a segregated Paxos wallet.
More
Sources · 4
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”
paxos.com ↗
“Paxos will only freeze such assets (1) if required to do so by law, specifically when Paxos receives a formal legal directive from a regulator, judicial body, law enforcement agency, or other legal entity having jurisdiction over Paxos, (2) pursuant to a formal notification by a Paxos partner according to previously agreed contractual terms, or (3) as deemed necessary by Paxos in its sole discretion.”
paxos.com ↗
“If tokens are seized, the Paxos transaction generation will ensure that the seized funds are sent to a segregated wallet address held by Paxos for the purposes of seizure/forfeiture, until such time as they may be disposed of or otherwise handled as required by law.”
paxos.com ↗
“Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — Paxos’s terms expressly authorize freezing all PAXG regardless of custody location, while the FTX incident confirms address-specific freezes. Sections 14.3 and 14.5 state that seizure requires a bindi | anthropic: confirmed — The claim addresses the 'Freezable?' prong of the slot question directly, so goal-fit is satisfied. All four quotes appear verbatim in the archived sources: Quote 1 ('ability and the right to freeze a | kimi: confirmed — All cited quotes appear verbatim in the archived snapshots. Terms 14.1 grants Paxos the right to freeze all PAXG on an aggregate basis regardless of where held, and 14.2 plus the FTX blog (freeze of t

If the issuer fails
Paxos custodies allocated bars for holders outside its estate. Terminated customers receive account assets after contractual damages.Disputed
More
Sources · 2

Creditor-priority element of the slot unanswered.

paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”
insights.paxos.com ↗
“If we terminate your Account, we will return the assets in your Account to you, less the value of any damages to which we are entitled pursuant to this Agreement, subject to applicable law.”

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support segregation, holder custody, exclusion of represented gold bars from Paxos’s insolvency estate, and return of terminated-account assets less contractual damages. But acco | anthropic: confirmed — Both material claims are verbatim supported by the fetched sources. Part 1 ('Paxos custodies allocated bars for holders outside its estate') matches the whitepaper's 'Bankruptcy Remote' section exactl | kimi: confirmed — Both material claims are directly supported by the cited sources. The whitepaper states PAX Gold bars are custodied by Paxos for holders and 'do not become a part of the company's estate in the event

Regime
PAXG operates under New York virtual-currency regulation administered by NYDFS.
More
Sources · 3
rwa.xyz ↗
“Regulatory Framework New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services”
app.rwa.xyz ↗
“Regulatory Framework New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services”
paxos.com ↗
“Paxos is a New York-regulated financial institution on a mission to create a global, frictionless and open economy.”

Verifier note: panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The RWA.xyz PAXG asset record explicitly identifies its regulatory framework as “New York State, U.S. Virtual Currency Business” and names NYDFS as the regulator. This directly supports the stated reg | anthropic: confirmed — Both rwa.xyz pages list under 'Regulatory Framework' exactly: 'New York State, U.S. Virtual Currency Business' and 'NYDFS - New York State Department of Financial Services', directly matching the clai

✓

Custodian

Holds the underlying, independent of the issuer.

Attestations
WithumSmith+Brown independently compares PAXG supply with gold held by United Kingdom custodians and publishes reports through Paxos.
More
Sources · 3
app.rwa.xyz ↗
“Auditor WithumSmith+Brown”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”
paxos.com ↗
“In that regard, Withum performs specific month-end attestation procedures on these accounts in accordance with standards established by the AICPA. These monthly attestation reports can be found on the Paxos website.”

Verifier note: panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The archived Paxos issuer page states that Paxos engaged Withum to independently verify, at specific points in time, that the entire PAXG supply is consistent with troy ounces of gold held by third-pa | anthropic: confirmed — The Paxos newsroom source directly states Paxos engaged Withum (WithumSmith+Brown) to 'independently verify... that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held wit

Opsec

Current onchain authority configuration first, followed by documented operational controls.

Freeze authority
2ApBGMsS…DqYJjk
Mint authority
Token-2022 2022: Ertp4yV6mJiQP5TyBaEkvza9fhh1pWo4CWtM6CdKmzfk
More
Sources · 2
5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW
Ertp4yV6mJiQP5TyBaEkvza9fhh1pWo4CWtM6CdKmzfk
Bridge configuration
None
Sources · 3
5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW
Ertp4yV6mJiQP5TyBaEkvza9fhh1pWo4CWtM6CdKmzfk
2apBGMsS6ti9RyF5TwQTDswXBWskiJP2LD4cUEDqYJjk
Authority multisig
None
Sources · 3
Ertp4yV6mJiQP5TyBaEkvza9fhh1pWo4CWtM6CdKmzfk
2apBGMsS6ti9RyF5TwQTDswXBWskiJP2LD4cUEDqYJjk
5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW
Unilateral changes
Paxos may change or increase fees without holder consent, effective upon posting and subject to legally required notice.
More
Sources · 1
paxos.com ↗
“We reserve the right to change or modify our fee structure or increase any of our fees at any time and from time to time. Any such changes, modifications or increases will be effective upon posting on the Platform, in the Paxos User Guide or an updated Pricing Supplement, subject to any requirement under applicable law to provide additional notice.”

Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — Section 2.8.4.1 expressly reserves Paxos’s right to change or modify its fee structure or increase fees at any time, with changes effective upon posting and subject to legally required additional noti | anthropic: confirmed — Section 2.8.4.1 of the archived source contains the claimed quote verbatim: Paxos reserves the right to change/modify fee structure or increase fees at any time, effective upon posting on the Platform

Monitoring and attestation
Chainlink Price Feeds were live by January 14, 2021. Paxos described PAXG Proof-of-Reserve feeds as upcoming, not operational.
More
Sources · 3
paxos.com ↗
“The initial integration, which is now live in production, involves the launch of Chainlink-powered decentralized Price Feeds for both the PAX and PAXG tokens”
paxos.com ↗
“Additionally, upcoming Proof of Reserve data feeds will give users more ways to verify that PAX and PAXG are fully backed by their respective real world assets.”
paxos.com ↗
“We are proud to announce that Paxos , the leading financial market infrastructure and crypto brokerage platform, is now working with Chainlink to leverage its market-leading decentralized oracle network.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — Paxos’s January 14, 2021 announcement states that Chainlink Price Feeds for PAX and PAXG were “now live in production” and supplied on-chain pricing data. It separately says Chainlink “will develop” P | anthropic: confirmed — The Jan 14, 2021 Paxos article is dated exactly Jan 14, 2021 and states 'The initial integration, which is now live in production, involves the launch of Chainlink-powered decentralized Price Feeds fo | kimi: confirmed — The archived Paxos announcement is dated Jan 14, 2021 and states the Price Feeds integration 'is now live in production' for PAX and PAXG, supporting the first sub-claim. It also describes Proof of Re

Incident response
Paxos froze four Ethereum addresses holding PAXG in November 2022. Paxos coordinates legally directed freezes with regulators and law enforcement.
More
Sources · 4
paxos.com ↗
“Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.”
paxos.com ↗
“As always, Paxos will continue to work closely with law enforcement and regulators.”
paxos.com ↗
“Paxos will only freeze such assets (1) if required to do so by law, specifically when Paxos receives a formal legal directive from a regulator, judicial body, law enforcement agency, or other legal entity having jurisdiction over Paxos, (2) pursuant to a formal notification by a Paxos partner according to previously agreed contractual terms, or (3) as deemed necessary by Paxos in its sole discretion.”
status.paxos.com ↗
“Paxos Status”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The issuer documents directly support both elements and are relevant to incident-response history and procedures: on November 12, 2022, Paxos reported freezing 11,184.38 PAXG associated with four Ethe | anthropic: confirmed — The Nov 12, 2022 Paxos blog confirms Paxos received direction from US Federal Law enforcement and froze Paxos-issued assets associated with four listed Ethereum addresses (11,184.38 PAXG, ~$19M, FTX-r | kimi: confirmed — The archived Paxos blog post dated Nov 12, 2022 states Paxos received direction from US Federal Law enforcement and froze assets at four ethereum addresses (listed explicitly), covering 11,184.38 PAXG

Upgradeability
Paxos may upgrade all PAXG tokens regardless of custody location. The evidence specifies no approval process or execution delay.
More
Sources · 1
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — Section 14.1 expressly states that Paxos has the ability and right to upgrade all PAXG tokens on an aggregate basis, regardless of where they are held. It identifies no third-party approval process or | anthropic: confirmed — Section 14.1 of the cited PAXG Terms states verbatim: 'Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.' T | kimi: confirmed — Section 14.1 of the cited Paxos PAXG Terms states verbatim that 'Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is bein

Admin powers
Paxos can create, destroy, freeze, and upgrade PAXG. Paxos may freeze assets under legal directives, partner notices, or sole discretion.
More
Sources · 3
paxos.com ↗
“PAXG tokens are created and destroyed by Paxos as needed.”
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”
paxos.com ↗
“Paxos will only freeze such assets (1) if required to do so by law, specifically when Paxos receives a formal legal directive from a regulator, judicial body, law enforcement agency, or other legal entity having jurisdiction over Paxos, (2) pursuant to a formal notification by a Paxos partner according to previously agreed contractual terms, or (3) as deemed necessary by Paxos in its sole discretion.”

Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The cited issuer whitepaper expressly states that Paxos creates and destroys PAXG as needed. The legal terms expressly give Paxos the ability and right to freeze and upgrade all PAXG regardless of cus | anthropic: confirmed — The claim answers the slot question of who holds freeze/upgrade (and create/destroy) powers over PAXG: Paxos. Every material claim is supported by the fetched sources. Whitepaper (Using PAX Gold): 'PA | kimi: confirmed — All material claims are supported by the union of cited sources. Create/destroy: the whitepaper states verbatim 'PAXG tokens are created and destroyed by Paxos as needed.' Freeze/upgrade: T&C Section

Redemption

The settlement ladder for exiting your position.

  • Retailer

    Paxos says…
    Paxos says holders can convert smaller amounts into physical gold through its worldwide gold-retailer network.
    More
    Sources · 1
    paxos.com ↗
    “Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world.”

    Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The issuer whitepaper explicitly states that customers can convert smaller amounts of PAX Gold to physical gold through a network of gold retailers worldwide. | anthropic: confirmed — The archived whitepaper contains the claimed quote verbatim under 'Key Product Benefits > Redeemable': 'Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a net

  • Allocated gold

    Verified holders…
    Verified holders may redeem at least 430 PAXG plus the applicable fee for each London Good Delivery bar.Disputed
    More
    Sources · 2

    Mark disputed and reconcile: the 0% likely refers to on-chain redemption fee while a per-bar physical fee applies, but the corpus does not resolve it.

    paxos.com ↗
    “You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”
    rwa.xyz ↗
    “Verified users have the option to redeem the PAXG tokens for physical gold, In order to redeem PAXG into physical Gold, users must submit a redeem request for over 430 PAXG tokens on the Account Page and set up a time for London Good Delivery of the physical gold bars.”

    Verifier note: panel 3/3 confirmed (sourceDomains=2, disputed) | gpt: confirmed — Paxos’s legal terms directly state that a fully verified Paxos customer may redeem PAXG into Allocated Gold and must redeem a minimum of 430 PAXG plus the fee specified in the Paxos User Guide per Lon | anthropic: confirmed — The slot question asks for the redemption path facts (method, minimum, fee). The claim states verified holders may redeem at least 430 PAXG plus the applicable fee per London Good Delivery bar. This i | kimi: confirmed — The Paxos legal terms §11.4 state verbatim: 'You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar,' and the same document ties

  • Unallocated gold

    Paxos account…
    Paxos account holders may convert PAXG into Loco London unallocated gold; processing may take several business days.
    More
    Sources · 2
    paxos.com ↗
    “Paxos account holders can convert PAX Gold into U.S. Dollars or unallocated gold in a Loco London unallocated gold account, and vice versa.”
    paxos.com ↗
    “Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”

    Verifier note: panel 2/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources confirm that Paxos account holders may convert PAXG into unallocated gold sent to a disclosed Loco London account. However, the timing source says the Paxos Account balance may t | anthropic: confirmed — The claim answers the SLOT QUESTION for the unallocated-gold exit path: method (convert PAXG into Loco London unallocated gold) and settlement timing (may take up to several business days). Both claim | kimi: confirmed — The whitepaper states verbatim that 'Paxos account holders can convert PAX Gold into U.S. Dollars or unallocated gold in a Loco London unallocated gold account,' and terms section 11.3 details the PAX

Risks & protections

  • Concentration

    PAXG concentrates economic exposure in allocated gold; unallocated-gold exits additionally depend on a third-party Clearing Bank

    ⌄
    PAXG concentrates economic exposure in allocated gold; unallocated-gold exits additionally depend on a third-party Clearing Bank.Disputed
    More
    Sources · 2

    No 6bc188c2 in evidence.

    paxos.com ↗
    “the allocated gold stablecoin managed by Paxos (“PAX Gold”)”
    paxos.com ↗
    “Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any unavailability of your unallocated balance, either temporarily or permanently, due to non-performance of the Clearing Bank for any reason, including but not limited to, insolvency, default, or operational error.”

    Verifier note: panel 2/2 confirmed (sourceDomains=1, disputed) | gpt: confirmed — The sources support both material points and they answer the concentration/dependency slot. PAXG represents fractional beneficial ownership of allocated London Good Delivery gold, with holders bearing | anthropic: confirmed — Both claimed quotes are verbatim in the sources: the General Terms 5.2 calls PAXG 'the allocated gold stablecoin managed by Paxos (“PAX Gold”)', and PAXG Terms 9.2 contains the exact Clearing Bank non

  • Underlying / economic

    Holders bear substantial gold-price risk because PAXG represents allocated gold and crypto-asset values can fluctuate greatly

    ⌄
    Holders bear substantial gold-price risk because PAXG represents allocated gold and crypto-asset values can fluctuate greatly.Disputed
    More
    Sources · 2

    Drop the fabricated id 6bc188c2. Either reframe around the actual disclosures (crypto-asset value may fluctuate/total loss) or ground the gold-price angle in a real quote.

    paxos.com ↗
    “the allocated gold stablecoin managed by Paxos (“PAX Gold”)”
    paxos.com ↗
    “You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.”

    Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that PAX Gold is an allocated-gold crypto asset and disclose potentially large crypto-asset price fluctuations, but the claim does not answer the slot question about valu | anthropic: confirmed — Both claimed quotes are verbatim accurate against the fetched sources. The General Terms and Conditions (5.2) expressly identify PAXG as 'the allocated gold stablecoin managed by Paxos ("PAX Gold")', | kimi: confirmed — Both material premises are supported by the union of sources. (1) PAXG represents allocated gold: the General Terms and Conditions explicitly call PAX Gold 'the allocated gold stablecoin managed by Pa

  • Regulatory

    NYDFS specifically approved PAXG for Paxos customers, but regulatory changes may impair its use, transfer, or value

    ⌄
    NYDFS specifically approved PAXG for Paxos customers, but regulatory changes may impair its use, transfer, or value.
    More
    Sources · 2
    insights.paxos.com ↗
    “Crypto assets available on the Exchange for trading for Custody with Paxos include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), PAX Gold (PaxG), Chainlink (LINK), Polygon (MATIC), Aave (AAVE) and Uniswap (UNI), all of which were approved for customers of Paxos through specific approval from the New York Department of Financial Services (NYDFS).”
    paxos.com ↗
    “legislative and regulatory changes or actions at the state, provincial, federal or international level may adversely affect the use, transfer and value of crypto assets;”

    Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The cited Paxos Exchange Terms expressly identify PAX Gold (PaxG) among assets approved for Paxos customers through specific NYDFS approval. Paxos’s General Terms expressly warn that legislative or re | anthropic: confirmed — Both material claims are directly supported. The Paxos Exchange Terms PDF (Section 2.2) states PAX Gold (PaxG) along with other assets 'were approved for customers of Paxos through specific approval f | kimi: confirmed — Both material claims are supported by the archived sources. The Paxos Exchange Terms PDF (section 2.2) states verbatim that PAX Gold was among assets 'approved for customers of Paxos through specific

  • Issuer failure

    Paxos may suspend accounts, causing value loss; directly held assets lack general government insurance

    ⌄
    Paxos may suspend accounts, causing value loss; directly held assets lack general government insurance.
    More
    Sources · 2
    insights.paxos.com ↗
    “We are not responsible for any loss of value in your Account, or of any crypto asset or fiat currency, resulting from the suspension or closing or your Account for any of the reasons listed above, including your violation of this Agreement or from any government seizure or forfeiture.”
    paxos.com ↗
    “All assets directly held by Paxos on your behalf are not insured by Paxos or, except as explicitly set forth in this Agreement, by any government agency.”

    Verifier note: panel 2/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support Paxos’s authority to suspend accounts, its disclaimer for resulting value loss, and the absence of general government insurance for directly held assets. However, account | anthropic: confirmed — Both material mechanisms answer the issuer-risk slot (what holders lose / what survives when the issuer acts adversely or fails) and both are supported by the fetched issuer docs. Quote 1 (loss of val | kimi: confirmed — Both material claims are directly supported by the cited archived sources. The Paxos Terms and Conditions PDF, Section 9.3, states verbatim that Paxos is 'not responsible for any loss of value in your

  • Custodian

    PAXG converted into unallocated gold depends on a third-party Clearing Bank whose failure can make balances permanently unavailable

    ⌄
    PAXG converted into unallocated gold depends on a third-party Clearing Bank whose failure can make balances permanently unavailable.Disputed
    More
    Sources · 1

    risk_credit and risk_custodian share the same single evidence and same substance.

    paxos.com ↗
    “Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any unavailability of your unallocated balance, either temporarily or permanently, due to non-performance of the Clearing Bank for any reason, including but not limited to, insolvency, default, or operational error.”

    Verifier note: panel 2/2 confirmed (sourceDomains=1, disputed) | gpt: confirmed — The issuer terms directly state that Unallocated Gold balances on the Paxos Platform are issued by a third-party Clearing Bank, that conversion or transfer depends on the bank’s solvency and ability t | anthropic: confirmed — The quoted language appears verbatim in Section 9.2 of the fetched Paxos PAX Gold Terms and Conditions: 'Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any

  • Credit / counterparty

    A Clearing Bank default, insolvency, or operational error can make converted unallocated-gold balances unavailable without Paxos liability

    ⌄
    A Clearing Bank default, insolvency, or operational error can make converted unallocated-gold balances unavailable without Paxos liability.
    More
    Sources · 1
    paxos.com ↗
    “Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any unavailability of your unallocated balance, either temporarily or permanently, due to non-performance of the Clearing Bank for any reason, including but not limited to, insolvency, default, or operational error.”

    Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — Section 9.2 identifies the Clearing Bank as the issuer of unallocated-gold balances and expressly states that the balances’ availability and transfer depend on that bank’s solvency and performance. It | anthropic: confirmed — The claimed quote from section 9.2 of the PAX Gold Terms is reproduced verbatim in the archived source, including the exact language that Paxos 'is not responsible for any losses associated with any d | kimi: confirmed — Section 9.2 of the cited PAX Gold Terms supports every material element nearly verbatim: Unallocated Gold balances on the Paxos Platform are issued by a third-party Clearing Bank, are subject to the C

  • Exit risk

    PAXG conversions may take several business days, while physical redemption requires at least 430 PAXG per bar

    ⌄
    PAXG conversions may take several business days, while physical redemption requires at least 430 PAXG per bar.
    More
    Sources · 2
    paxos.com ↗
    “Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”
    paxos.com ↗
    “You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”

    Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The cited legal terms support both material assertions: Section 11.5 says conversion or redemption may take up to several business days to appear in the account balance, and Section 11.4 requires a mi | anthropic: confirmed — Both material claims are supported verbatim by the archived Paxos PAXG Terms & Conditions. Section 11.5 states: 'Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quic | kimi: confirmed — Both material claims appear verbatim in the archived PAXG Terms & Conditions: Section 11.5 states conversion/redemption 'may take up to several business days,' and Section 11.4 states 'You must redeem

Onchain transparency

Token

Mint address
5GgRAE…J3wSwW

Chain

Network
Solana

Networks & bridges

  • Oracle dependencies

    Chainlink launched PAXG Price Feeds on January 14, 2021. External smart contracts consume aggregated off-chain prices through reviewed oracle nodes.Disputed
    More
    Sources · 4

    Missing failure-mode analysis; stale as-of.

    paxos.com ↗
    “We are proud to announce that Paxos , the leading financial market infrastructure and crypto brokerage platform, is now working with Chainlink to leverage its market-leading decentralized oracle network.”
    paxos.com ↗
    “The initial integration, which is now live in production, involves the launch of Chainlink-powered decentralized Price Feeds for both the PAX and PAXG tokens”
    paxos.com ↗
    “the PAX and PAXG Price Feeds will provide smart contracts with on-chain price data backed by a decentralized network of security reviewed oracle nodes and sourced from off-chain data aggregators that maintain volume-adjusted market coverage across all trading environments”
    paxos.com ↗
    “Security reviewed oracle nodes run by leading security and blockchain DevOps teams such as Deutsche Telekom subsidiary T-Systems, ensuring smart contracts always receive reliable oracle services.”

    Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source supports that Chainlink-powered PAXG Price Feeds were live on January 14, 2021 and delivered on-chain pricing data sourced from off-chain aggregators through security-reviewed ora | anthropic: confirmed — The claim's material facts all trace to the cited Paxos newsroom article dated Jan 14, 2021: (1) the date matches the article's publication/announcement date; (2) 'Chainlink-powered decentralized Pric | kimi: confirmed — All material claims are supported by the archived Paxos announcement. The page is dated Jan 14, 2021 and states the integration 'is now live in production' with 'the launch of Chainlink-powered decent

  • Networks

    PAXG exists on Ethereum Mainnet and Solana Mainnet Beta at issuer-documented token addresses.
    More
    Sources · 2
    docs.paxos.com ↗
    “Ethereum Mainnet 0x45804880De22913dAFE09f4980848ECE6EcbAf78”
    docs.paxos.com ↗
    “Solana Mainnet Beta 5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW”

    Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The archived issuer documentation explicitly lists PAXG token addresses on Ethereum Mainnet (0x45804880De22913dAFE09f4980848ECE6EcbAf78) and Solana Mainnet Beta (5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoq | anthropic: confirmed — The SLOT QUESTION asks to list every chain where PAXG exists using issuer documentation. The claim lists two items: Ethereum Mainnet at 0x45804880De22913dAFE09f4980848ECE6EcbAf78 and Solana Mainnet Be | kimi: confirmed — The archived issuer documentation page (Paxos official docs, 'PAXG on Main Networks') lists exactly two network entries with token addresses: Ethereum Mainnet 0x45804880De22913dAFE09f4980848ECE6EcbAf7

Documents

Document
Paxos announcement; PAXG tokens related to FTX were frozen; published November 12, 2022.
2022-11-12
Paxos announcement; PAXG tokens related to FTX were frozen; published November 12, 2022.Document · 2022-11-12
Research appendix

Plan fulfillment

SlotStatusClasses covered
Bar listRejected-retryIssuer-docs
Vault custodyRejected-retryAggregator, issuer-docs
In-kind redemptionFilled-verifiedAggregator, issuer-docs
AttestationsFilled-verifiedAudit, issuer-docs
CustodianFilled-verifiedIssuer-docs
NetworksFilled-verifiedAggregator, issuer-docs
Canonical deploymentRejected-retryAggregator, issuer-docs
Bridge providerEmptyNone
Bridge custodyEmptyNone
Oracle dependenciesFilled-verifiedIssuer-docs
Supply and mint authorityEmptyIssuer-docs
Key managementEmptyNone
Incident responseFilled-verifiedIssuer-docs
Monitoring and attestationFilled-verifiedIssuer-docs
Bridge & oracleRejected-retryIssuer-docs
What it isFilled-verifiedIssuer-docs, aggregator
How it worksFilled-verifiedIssuer-docs
CategoryFilled-verifiedAggregator, issuer-docs
Holder's claimFilled-verifiedIssuer-docs
Underlying issuerEmptyIssuer-docs
CompositionRejected-retryIssuer-docs, aggregator
Structure & qualityRejected-retryIssuer-docs
Yield sourceRejected-retryAggregator
Yield mechanicsRejected-retryAggregator
Legal entityEmptyIssuer-docs, registry
What the issuer doesFilled-verifiedIssuer-docs
LaunchedFilled-verifiedAggregator, issuer-docs
Operating historyFilled-verifiedIssuer-docs
Service providersRejected-retryAggregator, audit, issuer-docs
RegimeFilled-verifiedIssuer-docs, regulator
VehicleFilled-verifiedIssuer-docs
Bankruptcy remoteEmptyIssuer-docs
If the issuer failsFilled-verifiedIssuer-docs
Transfer restrictionsFilled-verifiedIssuer-docs
CustodiansFilled-verifiedAggregator, issuer-docs
Attestation frequencyEmptyIssuer-docs
AuditsRejected-retryAudit, issuer-docs
Admin powersFilled-verifiedIssuer-docs
UpgradeabilityFilled-verifiedIssuer-docs
Mint authorityFilled-verifiedNone
Freeze authorityFilled-verifiedNone
Fee scheduleRejected-retryIssuer-docs
Exit pathsFilled-verifiedIssuer-docs, aggregator
Underlying / economicFilled-verifiedIssuer-docs
Credit / counterpartyFilled-verifiedIssuer-docs
Issuer failureFilled-verifiedIssuer-docs
Hack / smart contractRejected-retryIssuer-docs
RegulatoryFilled-verifiedIssuer-docs
Exit riskFilled-verifiedIssuer-docs
Who can hold/mintRejected-retryAggregator, issuer-docs
Source documentsFilled-verifiedLegal-terms, issuer-docs

Evidence gaps

Issuer ownership — searched, not found: The corpus provides no dated ownership, acquisition, or parent-company history for Paxos Trust Company, N.A.

Key people — searched, not found: The corpus identifies neither Paxos founders nor current leadership, and provides no dated departures or role changes.

Tax treatment — searched, not found: The corpus does not establish PAXG holder tax classification, reporting forms, or entity-level taxation.

Attestation frequency — searched, not found: Monthly examinations are established, but the corpus does not identify the latest report date.

Bar list — searched, not found: Paxos provides address-based serialized allocation lookups, but no current publication date or named list reconciler is established.

Canonical deployment — searched, not found: Ethereum is documented as native, but the corpus does not classify Solana PAXG as native or bridged.

Bridge provider — searched, not found: The corpus identifies no bridge operator or cross-chain mechanism for Solana PAXG.

Bridge custody — searched, not found: The corpus identifies no bridge-locked collateral, controlling contracts, or bridge signers.

Key management — searched, not found: The corpus provides no signer identities, multisig thresholds, key-custody arrangements, or timelocks.

Mint authority — searched, not found: No deterministic Solana chain read establishes the current mint authority and controlling account.

Freeze authority — searched, not found: No deterministic Solana chain read establishes the current freeze authority and controlling account.

Authority multisig — searched, not found: No deterministic chain read establishes a multisig program, threshold, member count, or controlling account.

Bridge configuration — searched, not found: No deterministic chain read establishes a bridge program or relevant authority accounts.

Token extensions — searched, not found: No deterministic Solana chain read establishes security-relevant Token-2022 extensions.

Minimum — searched, not found: The corpus states a 430-PAXG or 430-XAU physical-redemption threshold, not a fixed USD amount.

Bridge & oracle — searched, not found: The corpus discloses general blockchain and third-party technology risk but no PAXG-specific bridge or oracle dependency.

Minimum investment — searched, not found: The corpus gives a 0.01-PAXG purchase minimum plus a 0.02-PAXG creation fee, not a fixed USD minimum.

Final terms document — searched, not found: The corpus identifies the contractual document stack but lacks a dated, uniquely identified final PAXG instrument and registry record.

Corporate-action passthrough — searched, not found: Physical gold has no equity-style dividends, splits, mergers, votes, or tender offers; the corpus states no passthrough mechanism.

Rejected facts

Launched
2019-08-26Disputed
More
Sources · 1

unsupported

rwa.xyz ↗
“Inception Date 08/26/2019”

Verifier note: WARNING: evidence class mismatch; substance and goal-fit review required | panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: contradicted — The cited page labels 08/26/2019 as the “Inception Date,” but separately states that PAXG was launched in September 2019. An inception date is not necessarily a launch date, and the page’s explicit la | anthropic: confirmed — The cited source rwa.xyz/assets/PAXG lists a structured 'Inception Date' field of '08/26/2019', which is exactly the claimed launch_date of 2019-08-26. This directly answers the slot question of when

Composition
PAXG is an allocated-gold stablecoin; the corpus provides no gold-bar breakdown or dated reserve composition.Disputed
More
Sources · 2

weak-date

paxos.com ↗
“the allocated gold stablecoin managed by Paxos (“PAX Gold”)”
paxos.com ↗
“Last Modified: December 12, 2025”

Verifier note: WARNING: evidence class mismatch; substance and goal-fit review required | panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms the quoted description of PAX Gold as an “allocated gold stablecoin” and the General Terms’ December 12, 2025 modification date. However, that date is not a reserve-compo | anthropic: unsupported — goal-fit: The two claimed quotes are both verbatim-supported by the fetched Paxos General Terms and Conditions — section 5.2 reads 'the allocated gold stablecoin managed by Paxos (“PAX Gold”)' and the

What the issuer does
Paxos operates blockchain infrastructure and tokenization products. Paxos issues PAXG alongside regulated digital assets including PYUSD and USDP.Disputed
More
Sources · 3

Attribute the business description to its actual source dates or split as-of dating.

paxos.com ↗
“Paxos is the leading regulated blockchain infrastructure and tokenization platform.”
paxos.com ↗
“It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG).”
paxos.com ↗
“Crypto Brokerage Stablecoin Payments Stablecoin Issuance Mint and Redeem itBit”

Verifier note: lost head-to-head to incumbent 60403ed1-118f-43b8-be63-558095e06062: The incumbent more directly and specifically describes Paxos's business activities—tokenization, custody, trading, settlement, brokerage, payments, issuance, minting, and redemption—and explains PAXG's role as its regulated tokenized-gold product. Its own evidence supports the listed infrastructure functions and identifies PAXG among Paxos-issued regulated digital assets. The new claim is accurate but less detailed about the company's products and operating model.

Structure & quality
PAX Gold holds allocated gold; the corpus discloses no maturity, credit-quality, bar, refiner, vault, or geographic concentration profile.Unverified
More
Sources · 2
paxos.com ↗
“the allocated gold stablecoin managed by Paxos (“PAX Gold”)”
paxos.com ↗
“Last Modified: December 12, 2025”

Verifier note: WARNING: evidence class mismatch; substance and goal-fit review required | panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The fetched General Terms support only that Paxos describes PAX Gold as an “allocated gold stablecoin” and that the page was last modified December 12, 2025. They do not establish that PAX G | anthropic: confirmed — Goal-fit: the claim directly addresses the slot question by characterizing the underlying (allocated gold) and asserting the absence of any maturity/credit-quality/concentration profile disclosure. Bo

Source documents
Paxos publishes transparency reports among its issuer resources; report dates and PAXG-specific coverage are not established.Unverified
More
Sources · 1
paxos.com ↗
“Transparency Reports”

Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The archived page contains a footer link labeled “Transparency Reports,” which supports only that Paxos links to such a resource. It does not identify a key document’s type, date, and origin | anthropic: unsupported — goal-fit: The slot question demands, per key document, a type (prospectus/terms/attestation/audit/fact-sheet), a date, and the URL at the original source. The fetched page only contains the footer nav

Source documents
AML/KYC disclosure; compliance policy; last modified December 12, 2025.Unverified
More
Sources · 1
paxos.com ↗
“Last Modified: December 12, 2025”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source confirms an AML/KYC disclosure dated December 12, 2025, but the claimed value calls it a “compliance policy,” which the page does not state, and the value omits the required origi | anthropic: confirmed — The cited Paxos AML/KYC page is titled 'Anti-Money Laundering/Know Your Customer (AML/KYC) Disclosure' and explicitly states 'Last Modified: December 12, 2025', matching the claimed type (AML/KYC disc

Source documents
General Terms and Conditions; platform agreement; last modified December 12, 2025.Unverified
More
Sources · 2
paxos.com ↗
“Last Modified: December 12, 2025”
paxos.com ↗
“Your agreement with Paxos consists of these General Terms and Conditions, any Pricing Supplement(s) and any applicable Additional Terms (collectively, this “Agreement” or the “Paxos Contractual Documentation”).”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source confirms the document is Paxos’s General Terms and Conditions, describes it as an agreement governing the Paxos Platform, and states “Last Modified: December 12, 2025.” However, t | anthropic: confirmed — The archived source shows the header 'General Terms and Conditions' with 'Last Modified: December 12, 2025', and the Introduction confirms it is a platform agreement ('Your agreement with Paxos consis

Source documents
PAX Gold Terms and Conditions; product-specific legal terms; modification date not established by the corpus.Disputed
More
Sources · 2

Document slots require source URLs; none are provided.

paxos.com ↗
“You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”
paxos.com ↗
“Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source supports that this is product-specific PAX Gold legal terms at the stated original-source URL, and both quoted provisions appear verbatim. However, the slot requires a document da | anthropic: confirmed — The archived source at the cited URL contains both claimed quotes verbatim: Section 11.4 has 'You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Go

Source documents
Pax Gold Whitepaper; product whitepaper and listed terms document; publication date not established by the corpus.Unverified
More
Sources · 1
app.rwa.xyz ↗
“Terms Paxos Gold Whitepaper”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited RWA.xyz page only labels an item under “Terms” as “Paxos Gold Whitepaper.” It does not provide the whitepaper’s publication date or the document URL at the original issuer source, | anthropic: confirmed — The archived rwa.xyz PAXG page lists under the 'Terms' heading the document 'Paxos Gold Whitepaper', supporting both the document's existence and its characterization as a listed terms / product white

Onboarding
Applicants provide identity, address, birthdate, and tax information for verification.Unverified
More
Sources · 2
paxos.com ↗
“In creating an Account, you will be asked to provide certain registration details and information about you (including, but not limited to, your name, address, date of birth, tax identification number and other information about your beneficial owners and authorized users to the extent applicable). We may also ask to see your driver’s license or other identifying documents as part of the onboarding process.”
paxos.com ↗
“You hereby authorize us, or a third-party service provider, to take any measures that we consider necessary to verify and authenticate your identity, confirm the information you submit about your bank (or other financial institution) account, and to take any action we deem necessary based on the results.”

Verifier note: lost head-to-head to incumbent d9b983ba-c2bd-4923-9b4c-9caa86372200: The incumbent is more specific and fully supported by its own evidence: it includes beneficial-owner details and requested identification documents in addition to identity, address, birth date, and tax information. Both address KYC/KYB requirements, but the new claim omits supported requirements.

Who can hold/mint
U.S. and global retail investors qualify, but direct transactions require registration, verification, legal age, and permitted jurisdiction.Disputed
More
Sources · 4

Two of four citations govern stablecoins, not PAXG.

rwa.xyz ↗
“U.S. and Global Retail”
paxos.com ↗
“Only Customers may purchase USD Stablecoins from us or redeem USD Stablecoins from us.”
paxos.com ↗
“If you are under the age of eighteen (18) or the legal age for entering legally binding contracts under applicable laws, you are not permitted to use any of the Paxos Platform.”
paxos.com ↗
“Services related to specific USD Stablecoins (such as the ability to purchase, sell, convert, redeem or transfer a USD Stablecoin) may not be available to a User based on where they reside or to a Customer based on the Paxos entity they registered with.”

Verifier note: panel 1/2 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The evidence does not adequately establish investor eligibility for direct PAXG mint/redeem versus secondary holding. RWA.xyz, an aggregator, labels PAXG “U.S. and Global Retail,” but does n | anthropic: confirmed — All four claimed quotes are verbatim-accurate in the archived content: rwa.xyz lists Eligible Investors as 'U.S. and Global Retail' (appears twice); Stablecoin T&C 2.2.2 states 'Only Customers may pur

Depeg / liquidity
Large price or liquidity fluctuations can separate PAXG's secondary-market price from its underlying gold value during stressed liquidation.Disputed
More
Sources · 3

Evidence list contains no 6bc188c2; 8da8ba82 documents a real historical freeze event.

paxos.com ↗
“the price and liquidity of crypto assets has been subject to large fluctuations in the past and may be subject to large fluctuations in the future;”
paxos.com ↗
“You should be aware that you may sustain a total loss of the assets in your Account, and that under certain market conditions, you may find it difficult or impossible to liquidate a position.”
paxos.com ↗
“the allocated gold stablecoin managed by Paxos (“PAX Gold”)”

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms that PAX Gold is a crypto asset and warns generally of large crypto-asset price and liquidity fluctuations and possible liquidation difficulty. It does not establish that | anthropic: unsupported — All three claimed quotes appear verbatim in the fetched Paxos General Terms and Conditions (5.3(b), 5.4, and 5.2), so the quotations themselves are accurate. However, the source language is generic cr

Exit risk
Paxos may impose withdrawal limits, delay large withdrawals, and prevent platform orders outside London gold-market hours.Unverified
More
Sources · 3
paxos.com ↗
“Paxos may impose withdrawal limits on your Account as per the Paxos User Guide (available at https://help.paxos.com).”
paxos.com ↗
“Withdrawals may take up to two (2) days to complete, provided that larger withdrawals may take substantially longer to complete.”
support.paxos.com ↗
“Purchases and sales of PAX Gold (PAXG) are only available during London gold market hours on paxos.com (open from Sunday 6pm ET through Friday 5pm ET; closed weekdays from 5-6pm ET and applicable gold market holidays).”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — The sources support withdrawal limits and potentially extended processing times only for U.S.-dollar withdrawals under the USD Stablecoin Terms, not specifically for PAXG redemptions. The PAXG source | anthropic: confirmed — All three material claims are supported by the fetched sources. (1) Withdrawal limits: Stablecoin T&C 2.3.2 and 2.5.7 state 'Paxos may impose withdrawal limits on your Account as per the Paxos User Gu

Regulatory
Regulatory actions can restrict PAXG use, transfer, or value; protections may differ where Paxos lacks equivalent regulation.Unverified
More
Sources · 2
paxos.com ↗
“legislative and regulatory changes or actions at the state, provincial, federal or international level may adversely affect the use, transfer and value of crypto assets;”
paxos.com ↗
“Paxos may not be regulated as a financial institution or equivalent in your jurisdiction.”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — The source supports that legislative or regulatory actions may adversely affect PAXG’s use, transfer, and value, and that Paxos may lack equivalent financial-institution regulation in a holder’s juris | anthropic: confirmed — goal-fit: The slot asks about registration status, restricted investors, and plausible regulatory actions and their impact on holders. The claim addresses regulatory actions that may adversely affect | gpt: unsupported — goal-fit: The cited terms directly support that legislative or regulatory actions may adversely affect the value of crypto assets, and the document expressly includes PAX Gold within that category. Th

Hack / smart contract
Compromised private keys can cause unrecoverable theft; Paxos technology failures can prevent holders from accessing PAXG.Unverified
More
Sources · 2
paxos.com ↗
“crypto assets in a given address are controlled by the private key of the holder of the address. If the private key is compromised or lost, the crypto assets in that address may be stolen or lost and otherwise unrecoverable;”
paxos.com ↗
“the nature of crypto assets may lead to an increased risk of fraud or cyberattack and may mean that technological difficulties experienced by Paxos may prevent access to, or use of, your crypto assets”

Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited issuer terms support generic risks that compromised or lost private keys can cause unrecoverable loss and that Paxos technological difficulties may prevent access to crypto assets, | anthropic: unsupported — goal-fit: The quotes are accurately supported by the source — 5.3(h) states private key compromise/loss can render crypto assets 'stolen or lost and otherwise unrecoverable', and 5.3(l) states technol

Issuer failure
Paxos-held assets generally lack government insurance, and account suspension or closure can cause holder losses.Disputed
More
Sources · 2

8da8ba82 evidences issuer freeze capability, uncited.

paxos.com ↗
“All assets directly held by Paxos on your behalf are not insured by Paxos or, except as explicitly set forth in this Agreement, by any government agency.”
insights.paxos.com ↗
“We are not responsible for any loss of value in your Account, or of any crypto asset or fiat currency, resulting from the suspension or closing or your Account for any of the reasons listed above, including your violation of this Agreement or from any government seizure or forfeiture.”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that Paxos-held assets generally lack government insurance, subject to explicit exceptions, and that suspension or closure may produce losses for which Paxos disclaims li | anthropic: confirmed — Both claimed quotes appear verbatim in the fetched sources. Quote 1 ('All assets directly held by Paxos on your behalf are not insured by Paxos or, except as explicitly set forth in this Agreement, by

Credit / counterparty
A Clearing Bank default, insolvency, or operational failure can make converted unallocated-gold balances unavailable without Paxos liability.Unverified
More
Sources · 1
paxos.com ↗
“Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any unavailability of your unallocated balance, either temporarily or permanently, due to non-performance of the Clearing Bank for any reason, including but not limited to, insolvency, default, or operational error.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source confirms Clearing Bank credit and operational risk for Unallocated Gold balances and disclaims Paxos responsibility for associated losses. However, this exposure applies to third- | anthropic: confirmed — Section 9.2 of the archived PAXG terms states verbatim that Unallocated Gold balances are issued by a third-party Clearing Bank, are subject to the Clearing Bank's solvency, and that 'Paxos is not res

Underlying / economic
PAXG exposes holders to substantial price and liquidity fluctuations that can make liquidation difficult or impossible.Unverified
More
Sources · 2
paxos.com ↗
“the price and liquidity of crypto assets has been subject to large fluctuations in the past and may be subject to large fluctuations in the future;”
paxos.com ↗
“You should be aware that you may sustain a total loss of the assets in your Account, and that under certain market conditions, you may find it difficult or impossible to liquidate a position.”

Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited issuer terms support general crypto-asset price volatility and possible liquidation difficulty, and expressly include PAX Gold within the covered risk discussion. However, the slot | anthropic: unsupported — goal-fit: The slot question asks specifically about the token losing value because its underlying business or YIELD SOURCE deteriorates — rate moves, funding-rate flips, loan losses. The claim and its

Caps / gates
Paxos may impose account withdrawal limits; larger withdrawals may take substantially longer than two days.Disputed
More
Sources · 2

Scope stretch: stablecoin-terms withdrawal language transposed onto PAXG.

paxos.com ↗
“Paxos may impose withdrawal limits on your Account as per the Paxos User Guide (available at https://help.paxos.com).”
paxos.com ↗
“Withdrawals may take up to two (2) days to complete, provided that larger withdrawals may take substantially longer to complete.”

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited terms expressly support account-level U.S.-dollar withdrawal limits and potentially substantially longer processing for larger withdrawals, but they do not establish per-investor o | anthropic: unsupported — goal-fit: Both quotes are verbatim-accurate to the source (§2.3.2 and §2.3.3), so the claim is textually faithful. However, it does not answer the SLOT QUESTION. (1) The source discloses no actual red

Exit paths
Verified holders submit over 430 PAXG and arrange London Good Delivery; Paxos charges the User Guide bar fee.Disputed
More
Sources · 2

RWA.xyz says physical redemption requires over 430 PAXG.

Paxos terms say physical redemption requires at least 430 PAXG plus the applicable bar fee.

rwa.xyz ↗
“Verified users have the option to redeem the PAXG tokens for physical gold, In order to redeem PAXG into physical Gold, users must submit a redeem request for over 430 PAXG tokens on the Account Page and set up a time for London Good Delivery of the physical gold bars.”
paxos.com ↗
“You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”

Verifier note: panel 1/2 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The claim incompletely and imprecisely describes this exit path. Paxos limits platform redemption to fully verified Paxos Customers with an Account, not verified holders generally; states a | anthropic: confirmed — goal-fit: the claim answers the SLOT QUESTION for the physical-bar exit path (method = redeem into Allocated Gold / London Good Delivery bars, minimum = 430 PAXG per bar, fee = per-bar fee set in the

Exit paths
Paxos account holders can convert PAXG into Loco London unallocated-gold entitlements; completion may take several business days.Unverified
More
Sources · 2
paxos.com ↗
“Paxos account holders can convert PAX Gold into U.S. Dollars or unallocated gold in a Loco London unallocated gold account, and vice versa.”
paxos.com ↗
“Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources confirm that Paxos account holders may convert PAXG into Unallocated Gold sent to a disclosed Loco London account. However, “completion may take several business days” is broader | anthropic: confirmed — Both cited quotes appear verbatim in the archived source material. The whitepaper (Page 9, 'Using PAX Gold') states: 'Paxos account holders can convert PAX Gold into U.S. Dollars or unallocated gold i

Exit paths
Paxos account holders can convert PAXG into U.S. dollars; account reflection may take several business days.Unverified
More
Sources · 2
paxos.com ↗
“Paxos account holders can convert PAX Gold into U.S. Dollars or unallocated gold in a Loco London unallocated gold account, and vice versa.”
paxos.com ↗
“Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”

Verifier note: lost head-to-head to incumbent b9b239ec-41d6-4956-bfb0-abebf441edba: The claims are substantively equivalent and cite identical evidence. Neither fully covers all requested path fields, but both identify the U.S.-dollar conversion method and several-business-day timing. With quality tied, the incumbent wins.

Bar list
Paxos provides serialized bar allocations by Ethereum address, including serial number, brand code, weight, and fineness. Withum reconciles PAXG supply against United Kingdom gold custody.Unverified
More

The evidence identifies no current consolidated bar-list publication date.

Sources · 6
support.paxos.com ↗
“Here, you can get your gold bar’s serial number, brand code, gross weight, fineness and fine weight. This tool can be found in the PAX Gold tab on your account Dashboard.”
paxos.com ↗
“At any time, token holders can look up the serial number, brand code, gross weight, fineness, and fine weight of their gold bar holdings using an Ethereum wallet address.”
paxos.com ↗
“At any time, PAX Gold holders can go to the Paxos website to retrieve the serial number and physical characteristics of the vaulted gold they own. The only input required is an Ethereum address holding PAX Gold tokens.”
support.paxos.com ↗
“If you hold PAX Gold on-chain outside of Paxos , you can review details on your gold bars here . You just need an Ethereum address to look up your tokens.”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”
Canonical deployment
Paxos natively issued PAXG on Ethereum as an ERC-20 at 0x45804880De22913dAFE09f4980848ECE6EcbAf78. The evidence does not classify Solana PAXG as native or bridged.Unverified
More
Sources · 5
rwa.xyz ↗
“Ethereum Native Distributed ERC-20”
app.rwa.xyz ↗
“Ethereum Native Distributed ERC-20”
paxos.com ↗
“PAX Gold is built as an Ethereum token, following the ERC-20 protocol, so that it is easy to integrate with exchanges, wallets, lending platforms and other crypto products.”
docs.paxos.com ↗
“Ethereum Mainnet 0x45804880De22913dAFE09f4980848ECE6EcbAf78”
docs.paxos.com ↗
“Solana Mainnet Beta 5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW”

Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources support Ethereum as the original/native PAXG deployment and identify its ERC-20 contract as 0x45804880De22913dAFE09f4980848ECE6EcbAf78. However, they only list a Solana token add | anthropic: confirmed — The canonical deployment is directly supported. Paxos issuer docs (docs.paxos.com/guides/stablecoin/paxg/mainnet) list 'Ethereum Mainnet 0x45804880De22913dAFE09f4980848ECE6EcbAf78' as the token addres

Fee schedule
PAXG charges a 0% performance fee.Disputed
More
Sources · 1

Should be listed as unknown.

rwa.xyz ↗
“Performance Fees 0 %”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited RWA.xyz page lists “Performance Fees 0%,” but it is a third-party registry rather than qualifying legal terms or issuer documentation, and it does not identify whether the issuer, | anthropic: confirmed — The archived rwa.xyz page for PAXG explicitly states 'Performance Fees 0 %' in two separate places (Key Facts section and the Fees/Terms section), directly supporting the claimed 0% performance fee ra

Fee schedule
PAXG charges a 0% management fee.Disputed
More
Sources · 1

Should be moved to unknowns or grounded only in the no-storage-fee evidence, not asserted as a 0% management fee.

rwa.xyz ↗
“Management Fees 0 %”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The claim does not identify who charges the fee as issuer, protocol, or network. Moreover, the only fetched source is the third-party RWA.xyz page, not a qualifying legal-terms or issuer-doc | anthropic: confirmed — The cited source (rwa.xyz/assets/PAXG) states 'Management Fees 0 %' explicitly, and repeats it in the Terms/Fees section. The asset's Manager and Issuer are both listed as Paxos, and the asset is PAXG

Fee schedule
Paxos charges 0.02% on Ethereum PAXG transfers; users separately pay Ethereum network gas.Unverified
More
Sources · 1
paxos.com ↗
“For transactions that occur on-chain (transferred via Ethereum), there is a low Paxos transaction fee (0.02%) as well as the usual Ethereum gas fees (typically a few cents).”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — The issuer document confirms that Paxos charges 0.02% for on-chain Ethereum PAXG transfers and that Ethereum gas fees also apply. However, it does not establish that users themselves always pay gas se | anthropic: confirmed — The whitepaper states verbatim: 'For transactions that occur on-chain (transferred via Ethereum), there is a low Paxos transaction fee (0.02%) as well as the usual Ethereum gas fees.' This directly su

Monitoring and attestation
Chainlink operated live PAXG price feeds in January 2021, while its PAXG Proof-of-Reserve feed remained forthcoming.Disputed
More
Sources · 2

Explicitly caveat that current PoR status is not established by the corpus.

paxos.com ↗
“The initial integration, which is now live in production, involves the launch of Chainlink-powered decentralized Price Feeds for both the PAX and PAXG tokens”
paxos.com ↗
“Additionally, upcoming Proof of Reserve data feeds will give users more ways to verify that PAX and PAXG are fully backed by their respective real world assets.”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The January 14, 2021 issuer document confirms that Chainlink-powered PAXG price feeds were live in production and that PAXG Proof-of-Reserve feeds were upcoming. However, “Chainlink operated | anthropic: confirmed — The archived Paxos newsroom article (dated Jan 14, 2021) directly supports both parts of the claim. It states the integration is "now live in production" and "involves the launch of Chainlink-powered

Incident response
In November 2022, Paxos stated continued coordination with regulators and law enforcement.Disputed
More
Sources · 2

Could add the frozen amount for completeness.

paxos.com ↗
“Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.”
paxos.com ↗
“As always, Paxos will continue to work closely with law enforcement and regulators.”

Verifier note: lost head-to-head to incumbent 076a3343-73f3-40f1-81da-bb6813fb1af5: The incumbent is more specific and directly relevant: it identifies the November 2022 freeze of four Ethereum addresses holding PAXG and describes the legal and regulatory conditions governing freezes. Its own evidence supports the frozen amount, continued coordination with regulators and law enforcement, and formal freeze procedures. The new claim states only continued coordination and omits the incident details and procedures.

Upgradeability
Paxos retains the contractual right to upgrade all PAXG tokens regardless of their holder or location.Unverified
More
Sources · 1
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”

Verifier note: lost head-to-head to incumbent 14cdcdc2-9a6a-4036-8851-dd6b50a8fb7b: Both claims identify Paxos as able to upgrade all PAXG tokens regardless of custody location, but the incumbent more directly addresses the full slot by also stating that the cited evidence specifies no approval process or execution delay.

Admin powers
Paxos can freeze specific addresses, freeze all PAXG, upgrade tokens, and segregate seized tokens under binding directives.Unverified
More
Sources · 3
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”
paxos.com ↗
“Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.”
paxos.com ↗
“If tokens are seized, the Paxos transaction generation will ensure that the seized funds are sent to a segregated wallet address held by Paxos for the purposes of seizure/forfeiture, until such time as they may be disposed of or otherwise handled as required by law.”

Verifier note: lost head-to-head to incumbent 34c2de76-6cbc-4995-90d9-d26bc7dc7021: The incumbent more directly and comprehensively identifies Paxos as the power holder and specifies the gating conditions for freezing: formal legal directives, contractual partner notifications, or Paxos’s sole discretion. Its cited evidence also supports creation, destruction, aggregate freezing, and upgrades. The new claim adds seizure segregation and an example freeze, but its evidence does not clearly support the asserted power to freeze specific addresses or explain governance gates such as a multisig, timelock, or committee.

Oracle dependencies
Chainlink supplies PAXG market-price feeds, while StoneX streaming London-gold prices determine Paxos's quoted PAXG price.Unverified
More
Sources · 3
paxos.com ↗
“The initial integration, which is now live in production, involves the launch of Chainlink-powered decentralized Price Feeds for both the PAX and PAXG tokens”
paxos.com ↗
“the PAX and PAXG Price Feeds will provide smart contracts with on-chain price data backed by a decentralized network of security reviewed oracle nodes and sourced from off-chain data aggregators that maintain volume-adjusted market coverage across all trading environments”
support.paxos.com ↗
“the price of PAXG is based on streaming prices directly from our partner StoneX to represent the real-time London gold market.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The issuer sources support both dependencies: Chainlink provides on-chain PAXG price feeds for DeFi smart contracts, while StoneX streaming London-gold prices underpin Paxos’s mint/redemptio | anthropic: confirmed — Both material claims are supported by the union of fetched sources. The Chainlink press release states "the launch of Chainlink-powered decentralized Price Feeds for both the PAX and PAXG tokens" prov

Networks
PAXG exists on Ethereum Mainnet and Solana Mainnet Beta at Paxos-documented token addresses.Unverified
More
Sources · 2
docs.paxos.com ↗
“Ethereum Mainnet 0x45804880De22913dAFE09f4980848ECE6EcbAf78”
docs.paxos.com ↗
“Solana Mainnet Beta 5GgRAEmv8ZxF2PR5hY72Qs5x1bnQ6UK2RbTPoqJ3wSwW”

Verifier note: lost head-to-head to incumbent 84b54074-6726-4d54-980b-cd35427c4f6b: The claims are substantively tied: both directly list Ethereum Mainnet and Solana Mainnet Beta and cite identical issuer documentation with the same token addresses. Per the tie-break rule, the incumbent wins.

Audits
Paxos subjects its AML program to annual independent testing by qualified third parties or personnel outside compliance leadership.Disputed
More
Sources · 1

Consider dropping from ts:custody audits or relocating; it does not attest reserves or contracts.

paxos.com ↗
“Paxos’s AML program will be subject to independent testing through an annual, independent AML audit. The audit will be conducted by an independent third party with working knowledge of AML requirements, or by Paxos personnel with working knowledge of AML requirements, none of whom work for or with the Compliance Officer.”

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source explicitly states that Paxos’s AML program undergoes an annual independent AML audit conducted by a qualified independent third party or knowledgeable Paxos personnel who do not w | anthropic: unsupported — goal-fit: The quoted text is reproduced verbatim and accurately from the AML/KYC disclosure — Paxos does state its AML program is subject to annual independent testing by a qualified third party or by

Audits
Withum performs monthly AICPA-standard examinations comparing PAXG supply with gold held by United Kingdom custodians.Unverified
More
Sources · 3
paxos.com ↗
“In that regard, Withum performs specific month-end attestation procedures on these accounts in accordance with standards established by the AICPA. These monthly attestation reports can be found on the Paxos website.”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”
paxos.com ↗
“Withum also discloses that its standards are in accordance with the explicit standards of the American Institute of Certified Public Accountants ( AICPA ).”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support month-end AICPA-standard attestation procedures comparing PAXG supply with gold held by UK third-party custodians, but they do not provide a specific examination date or | anthropic: confirmed — The PAX Gold newsroom source directly states Paxos engaged Withum to independently verify that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of th

Vault custody
Brink's safeguards allocated gold in locked London vaults, with insurance covering custody and transit losses.Disputed
More
Sources · 4

Acknowledge the unallocated-acquisition-then-allocation chain rather than flatly stating allocated storage.

app.rwa.xyz ↗
“Custodian Legal Identifier Brink’s Global Services Ltd.”
paxos.com ↗
“The gold is <!-- Page 7 --> secured, stored and safeguarded at a precious metals security facility within locked London vaults.”
support.paxos.com ↗
“Our vault provider maintains insurance against loss of the gold held in custody by Paxos for the benefit of PAX Gold token holders.”
support.paxos.com ↗
“As such, allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit.”

Verifier note: panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — Every material claim is supported by the union of fetched sources. Brink's Global Services Ltd. as custodian is confirmed by RWA.xyz ('Custodian ... Brink's Global Services Ltd.'). The whitepaper conf | gpt: unsupported — evidence class mismatch

Attestations
WithumSmith+Brown independently examines whether outstanding PAXG matches gold held by United Kingdom custodians and publishes reports through Paxos.Unverified
More
Sources · 3
app.rwa.xyz ↗
“Auditor WithumSmith+Brown”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”
paxos.com ↗
“In that regard, Withum performs specific month-end attestation procedures on these accounts in accordance with standards established by the AICPA. These monthly attestation reports can be found on the Paxos website.”

Verifier note: lost head-to-head to incumbent 20c5b420-e3c0-4b03-bcc4-22a3ef22ef00: Both claims directly answer the slot and cite identical evidence. The new claim's 'examines whether outstanding PAXG matches' is not materially more specific than the incumbent's 'compares PAXG supply,' so quality is tied and the incumbent wins.

Custodians
Brink's Global Services holds PAXG gold in the United Kingdom for Paxos Trust Company and token holders.Unverified
More
Sources · 2
app.rwa.xyz ↗
“Custodian Legal Identifier Brink’s Global Services Ltd.”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”

Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources identify Brink’s Global Services Ltd. as custodian and separately state that third parties hold the gold in the United Kingdom on behalf of Paxos; they do not explicitly establis | anthropic: confirmed — The custodians atomic value answers the core slot question (who holds the underlying). RWA.xyz names the custodian's legal identifier as 'Brink's Global Services Ltd.', and the Paxos newsroom confirms

Transfer restrictions
Paxos can freeze PAXG globally or by address for legal directives, partner notices, or its own determination.Unverified
More
Sources · 3
paxos.com ↗
“Paxos has the ability and the right to freeze and upgrade all PAXG tokens (on an aggregate basis), regardless of where the PAXG is being held.”
paxos.com ↗
“Paxos will only freeze such assets (1) if required to do so by law, specifically when Paxos receives a formal legal directive from a regulator, judicial body, law enforcement agency, or other legal entity having jurisdiction over Paxos, (2) pursuant to a formal notification by a Paxos partner according to previously agreed contractual terms, or (3) as deemed necessary by Paxos in its sole discretion.”
paxos.com ↗
“Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.”

Verifier note: lost head-to-head to incumbent ecd62fd7-49a8-4d71-9da6-dfc3361060d6: Both claims directly establish that Paxos can freeze PAXG globally or by address and cite the same freeze conditions and real-world FTX action. The incumbent is more specific and better supported by its own evidence because it additionally explains that seized tokens may be transferred to a segregated Paxos wallet pursuant to legal requirements; therefore the new claim does not supersede it.

If the issuer fails
PAXG holders beneficially own segregated gold outside Paxos's estate, subject to binding seizure directives and custodian risk.Disputed
More
Sources · 2

Remove the custodian-risk clause or ground it; the supported walk-through is segregation + seizure directives only.

paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”
paxos.com ↗
“If tokens are seized, the Paxos transaction generation will ensure that the seized funds are sent to a segregated wallet address held by Paxos for the purposes of seizure/forfeiture, until such time as they may be disposed of or otherwise handled as required by law.”

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that holders own allocated gold held in segregated custody, that Paxos says the gold remains outside its insolvency estate, and that binding legal directives can freeze o | anthropic: confirmed — The claim answers the slot question (issuer failure): it identifies who holds/controls the assets, what holders own, and who can take priority. Each material element is supported by the union of sourc

Regime
NYDFS approved PAXG for issuance under New York virtual-currency regulation by a state-chartered trust company.Unverified
More
Sources · 3
paxos.com ↗
“The New York State Department of Financial Services (NYDFS) has approved Paxos to issue PAX Gold, making PAX Gold the first regulated digital gold product.”
rwa.xyz ↗
“Regulatory Framework New York State, U.S. Virtual Currency Business NYDFS - New York State Department of Financial Services”
paxos.com ↗
“As a New York State-chartered Trust company, Paxos is regulated by the NYDFS, requiring it to uphold certain standards of stability, transparency and accountability.”

Verifier note: panel 1/3 confirmed (sourceDomains=2) | gpt: unsupported — The claim answers the slot, but the fetched evidence does not satisfy the required regulator evidence class. Paxos explicitly states that NYDFS approved it to issue PAXG and that it was a New York Sta | anthropic: confirmed — The slot asks for the offering/regulatory regime and licenses held; this claim directly answers it. The Paxos press release states 'The New York State Department of Financial Services (NYDFS) has appr | gpt: unsupported — goal-fit: the target regulatory_regime value is blank. Although the sources state that NYDFS approved Paxos to issue PAX Gold and identify Paxos as a New York State-chartered trust company regulated b

Service providers
Brink’s Global Services Ltd. — gold custodian; WithumSmith+Brown — independent attestation provider; INTL FCStone — gold sourcing and pricing data; Chainlink — proof-of-reserve feedsUnverified
More
Sources · 5
rwa.xyz ↗
“Custodian Legal Identifier Brink’s Global Services Ltd.”
rwa.xyz ↗
“Auditor WithumSmith+Brown”
paxos.com ↗
“Further, Paxos has deep experience providing digital services to the institutional gold market through its post-trade settlement services, giving Paxos the ability to leverage relationships with premium institutions like Brink’s for gold storage and INTL FCStone for sourcing gold and receiving live pricing data.”
paxos.com ↗
“Additionally, Chainlink will develop on-chain Proof of Reserve Data Feeds for Paxos assets, allowing DeFi applications to quickly verify on-chain that PAX tokens are fully backed 1:1 by US Dollars and PAXG tokens are fully backed by gold bars, both of which are held off-chain in Paxos’ custody.”
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”

Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — Issuer documentation supports Brink’s as a gold-storage provider, Withum as the independent month-end attestation firm, and INTL FCStone for gold sourcing and live pricing data. However, the exact cus | anthropic: confirmed — All four named service providers and their roles are directly supported by the cited sources. rwa.xyz/assets/PAXG lists Custodian 'Brink's Global Services Ltd.' and Auditor 'WithumSmith+Brown', matchi

Backers
Oak HC/FT; Declaration Partners; Founders Fund; Mithril Capital; PayPal VenturesUnverified
More
Sources · 1
paxos.com ↗
“Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.”

Verifier note: lost head-to-head to incumbent 75f867be-f0b3-4bf1-9d17-c59e5d7d0a76: The claims and their cited evidence are identical, so quality is tied; per the tie-break rule, the incumbent wins.

Operating history
Paxos launched PAXG on September 5, 2019.Unverified
More
Sources · 2
paxos.com ↗
“Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets, today launched PAX Gold (Ethereum ticker: PAXG), the first crypto-asset redeemable for physical gold.”
paxos.com ↗
“No other blockchain and tokenization platform has shown more dedication to seeking oversight and complying with global institutional standards as Paxos has done for over a decade”

Verifier note: lost head-to-head to incumbent c7911900-139c-4cb7-a42b-a8d887ec34ab: The incumbent more fully answers the slot by providing three specific, dated milestones, including a quantified scale indicator, and its cited evidence directly supports each event. The new claim supports only the PAXG launch date, while its separate 'over a decade' statement is vague and not integrated into the claim.

Holdings
Each PAXG represents one fine troy ounce of allocated London Good Delivery gold as of the current disclosure.Unverified
More
Sources · 2
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
paxos.com ↗
“PAX Gold is backed by physical gold and is allocated down to the serial number of each individual bar.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The whitepaper supports that one PAXG represents one fine troy ounce of allocated London Good Delivery gold, including fractional ownership of serial-numbered bars. However, it provides no a | anthropic: confirmed — Both claimed quotes appear verbatim in the archived whitepaper. Page 8 ("THE DESIGN OF PAX GOLD / Basics") states: "PAX Gold is a digital asset where one token represents one fine troy ounce of a Lond

Collateralization
100%Unverified
More
Sources · 2
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”
paxos.com ↗
“Additionally, Chainlink will develop on-chain Proof of Reserve Data Feeds for Paxos assets, allowing DeFi applications to quickly verify on-chain that PAX tokens are fully backed 1:1 by US Dollars and PAXG tokens are fully backed by gold bars, both of which are held off-chain in Paxos’ custody.”

Verifier note: lost head-to-head to incumbent 788e6543-2af9-426a-9c4f-7e0e8777380a: The claims and their cited evidence are identical: both directly state 100% (1:1) backing and describe month-end independent verification plus on-chain Proof of Reserve feeds. Because quality is tied, the incumbent wins.

Yield mechanics
PAXG reports accumulated income rather than cash distributions. Holders need no disclosed staking or claim step.Unverified
More
Sources · 3
rwa.xyz ↗
“Use Of Income Accumulates”
rwa.xyz ↗
“Management Fees 0 %”
rwa.xyz ↗
“Performance Fees 0 %”

Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch: the only assigned evidence (c1b13c3a, c3245588, f31df88c) is tier-2 aggregator content from rwa.xyz, which falls outside the required evidence classes for this slot (issuer-do | gpt: unsupported — evidence class mismatch

Yield source
PAXG provides gold-price exposure rather than a disclosed contractual yield. The product reports zero management and performance fees.Unverified
More
Sources · 3
paxos.com ↗
“Because PAX Gold represents physical gold, its value is tied directly to the real-time market value of gold.”
rwa.xyz ↗
“Management Fees 0 %”
rwa.xyz ↗
“Performance Fees 0 %”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch

Reserve composition
Allocated physical London Good Delivery gold represents 100% of token backing. Paxos identifies individual bars by serial number.Unverified
More

No residual backing category is disclosed.

Sources · 3
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
paxos.com ↗
“PAX Gold is backed by physical gold and is allocated down to the serial number of each individual bar.”
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support one reserve class—allocated physical London Good Delivery gold—at an implied 100%/1:1 share and support bar-level serial-number allocation. However, the narrative does no | anthropic: confirmed — The claim addresses the SLOT QUESTION's reserve composition dimension. Every material assertion is supported by the union of sources. (1) 'Allocated physical London Good Delivery gold represents 100%

Holder's claim
Direct ownership of allocated physical gold, including pro rata ownership where holdings represent less than one bar.Unverified
More
Sources · 3
paxos.com ↗
“Anyone who owns PAX Gold owns the underlying gold which is held under the custody of Paxos Trust Company.”
support.paxos.com ↗
“Paxos allocates gold automatically so that all PAX Gold (PAXG) tokens are allocated to specific gold bars at all times. When customers are not allocated ownership of a full gold bar, they will own pro rata shares of bars as determined by PAXG token holdings.”
paxos.com ↗
“A customer purchasing allocated gold has ownership over specific gold bars that can be held in a vault or by the customer. A customer purchasing unallocated gold does not have ownership over specific gold bars, but rather has entitlement to some share of a certain quantity of gold.”

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The issuer materials repeatedly describe PAXG holders as owning allocated underlying gold, including pro rata shares of identified bars, but they are explanatory and promotional documents ra | anthropic: confirmed — The claim states holders have direct ownership of allocated physical gold, with pro rata ownership below one bar. This directly answers the slot question (what the holder legally owns = direct ownersh

What it is
PAX Gold is an asset-backed digital token issued by Paxos Trust Company. Each PAXG represents one fine troy ounce of London Good Delivery gold stored in London vaults.Unverified
More

Holders own the allocated underlying gold held in Paxos custody.

Sources · 3
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
paxos.com ↗
“Anyone who owns PAX Gold owns the underlying gold which is held under the custody of Paxos Trust Company.”
paxos.com ↗
“PAX Gold is issued by Paxos Trust Company, a financial institution regulated by the NYDFS. The NYDFS also regulates Paxos’ individual products, ensuring greater customer protections and higher standards of operation. The NYDFS has specifically approved PAX Gold as an authorized and regulated Paxos product.”

Verifier note: lost head-to-head to incumbent 770ec783-e4ff-42d6-bc92-7a00f57a3978: Both claims directly address the token, holder claim, and backing, but the incumbent more specifically describes the physical backing as allocated to identifiable bars, and its own evidence expressly supports allocation down to each bar’s serial number. The new claim names the issuer and London vault location, but its assertion that the gold is allocated is not as directly supported by its cited excerpts.

Exit paths
Gold retailers convert smaller PAXG amounts into physical gold worldwide. Paxos does not disclose minimums, timing, fees, caps, or gates.Unverified
More
Sources · 1
paxos.com ↗
“Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world.”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: confirmed — The whitepaper states that smaller PAXG amounts can be converted to physical gold through a network of gold retailers “all over the world.” The fetched content gives no retail-redemption settlement ti | anthropic: unsupported — The whitepaper confirms that Paxos.com allows redemption of full-sized London Good Delivery bars and states: 'Through a network of gold retailers, they can convert smaller amounts to physical gold all | gpt: unsupported — goal-fit: The source confirms the stated method—smaller PAXG amounts can be converted to physical gold through a worldwide network of gold retailers—but the value does not answer the full slot questio

Exit paths
Verified users request London Good Delivery bars through the Paxos Account Page. Each bar requires at least 430 PAXG plus the User Guide fee.Unverified
More

Users arrange London delivery. Paxos does not disclose standard timing, caps, or gates.

Sources · 5
rwa.xyz ↗
“Verified users have the option to redeem the PAXG tokens for physical gold, In order to redeem PAXG into physical Gold, users must submit a redeem request for over 430 PAXG tokens on the Account Page and set up a time for London Good Delivery of the physical gold bars.”
paxos.com ↗
“You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”
paxos.com ↗
“Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world.”
paxos.com ↗
“If customers hold more than 430 oz in PAX Gold, they can redeem their tokens for a physical gold bar.”
paxos.com ↗
“Last Modified: June 30, 2026”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt: contradicted — The physical-bar method, 430-PAXG minimum plus User Guide fee, Paxos Account requirement, and customer-arranged delivery service are supported. However, Paxos does disclose timing and gates: redemptio | anthropic: unsupported — goal-fit: While the fetched sources confirm most redemption mechanics (minimum 430 PAXG, Account Page submission, London Good Delivery bars, fee referenced in User Guide), they do NOT disclose standar

Bridge & oracle
Blockchain or third-party technology failures can disrupt token availability and cause losses. Paxos provides no network-security, functionality, or availability guarantee.Disputed
More
Sources · 2

Withdraw the candidate; retain only the unknown. Do not cite USD Stablecoin terms for a PAXG slot.

paxos.com ↗
“We do not own or control any blockchains protocols, are not responsible for the operation of blockchain networks and make no guarantees regarding any blockchain network’s security, functionality, or availability.”
paxos.com ↗
“Paxos does not guarantee the security or functionality of any third-party software or technology and is not responsible for any losses of USD Stablecoins due to the failure of third-party software or technology.”

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited terms support general blockchain-network failure and third-party technology risks, including possible stablecoin losses and no guarantee of network security, functionality, or avai | anthropic: confirmed — The archived Paxos Terms and Conditions document directly supports both key claims in the risk statement. Section 1.3.1 explicitly states: 'We do not own or control any blockchains protocols, are not

In-kind redemption
Verified holders may redeem over 430 PAXG for London Good Delivery gold bars through their Paxos Account Page. Paxos charges the User Guide fee per bar.Unverified
More

Retail partners convert smaller amounts into physical gold worldwide.

Sources · 3
rwa.xyz ↗
“Verified users have the option to redeem the PAXG tokens for physical gold, In order to redeem PAXG into physical Gold, users must submit a redeem request for over 430 PAXG tokens on the Account Page and set up a time for London Good Delivery of the physical gold bars.”
paxos.com ↗
“You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”
paxos.com ↗
“Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world.”

Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: contradicted — The current issuer terms specify a minimum of 430 PAXG, not over 430 PAXG. They also limit direct redemption to fully verified Paxos customers with funded Paxos Accounts, provide delivery instructions | anthropic: confirmed — The claim answers the slot question (eligibility, minimum, location, fees, settlement). Eligibility: 'Verified users' redeem PAXG for physical gold (rwa.xyz) / 'fully verified Customers' (terms). Mini

Vehicle
Paxos Trust Company, LLC holds custodied gold for PAX Gold holders.Unverified
More
Sources · 2
paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”
paxos.com ↗
“Paxos has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of PAX Gold tokens is consistent with troy ounces of gold held within the custody of third parties in the United Kingdom on behalf of Paxos Trust Company, LLC.”

Verifier note: lost head-to-head to incumbent b2e5392b-9aa7-4ec1-99ab-f95d03484feb: The incumbent more directly answers both parts of the slot by identifying the legal wrapper as a New York state-chartered trust company and specifying its jurisdiction. Its own evidence supports state-chartered trust status and U.S. domicile. The new claim identifies Paxos Trust Company, LLC as custodian but does not state a jurisdiction, while its UK reference concerns third-party custody location rather than the wrapper's jurisdiction.

Incidents & track record
The SEC terminated its BUSD investigation on 2024-07-09 without recommending enforcement action.Unverified
More
Sources · 2
paxos.com ↗
“Paxos, the leading regulated blockchain & tokenization infrastructure platform, today announced that it received a formal termination notice from the SEC on July 9, 2024, stating that it will not recommend enforcement action against Paxos Trust Company in the investigation of Binance USD (BUSD).”
paxos.com ↗
“SEC Concludes Investigation of Paxos Following Wells Notice of February 2023”

Verifier note: lost head-to-head to incumbent 483cd9b8-f024-4f0a-a634-6431d48adc21: The incumbent directly documents a named enforcement settlement between Paxos and the NYDFS, with a precise date, historical compliance context involving Binance, and a specific $26.5 million penalty. Its own evidence fully supports these details. The new claim is also responsive and supported, but describes an investigation ending without enforcement, making it less notable and specific than the concluded regulatory action and monetary penalty.

Holdings
100% Of disclosed backing comprises allocated London Good Delivery gold; each PAXG corresponds to one fine troy ounce.Unverified
More
Sources · 2
paxos.com ↗
“PAX Gold is a digital asset where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London.”
support.paxos.com ↗
“Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support allocated London Good Delivery gold backing and one fine troy ounce per PAXG, but the value does not disclose a holding weight or an as-of date as required by the slot qu | anthropic: confirmed — Both cited quotes are reproduced verbatim in the archived source content and directly support the stated value. The whitepaper's 'THE DESIGN OF PAX GOLD / Basics' section states 'PAX Gold is a digital

Category
Commodity-rwaUnverified
More
Sources · 1
paxos.com ↗
“the allocated gold stablecoin managed by Paxos (“PAX Gold”)”

Verifier note: lost head-to-head to incumbent ed4c8aa0-5f7c-4786-9edf-36015d8b8acf: Both claims directly classify the underlying asset as commodity-rwa, but the incumbent's own evidence is more specific and better supported: it explicitly identifies the asset class as Commodities and states that each PAX Gold token represents one fine troy ounce of a London Good Delivery gold bar stored in London vaults. The new evidence only calls PAX Gold an allocated gold stablecoin. Under the tie rule and stronger specificity, the incumbent wins.

Corporate-action passthrough
Paxos supports and backs PAXG on one Ethereum fork only; unsupported-fork holders receive no corresponding Paxos-backed token rights.Unverified
More
Sources · 1
paxos.com ↗
“Paxos will evaluate all forks and make a determination, based on a number of factors, to support PAXG on one, and only one, of the Forks. Paxos will continue to provide Services for, support and hold US dollars against, PAXG held on the supported Fork only.”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited terms confirm that Paxos selects only one Ethereum fork for PAXG support and provides services and backing only on that fork. However, this addresses blockchain-fork treatment, not | anthropic: unsupported — goal-fit: The quoted text (Section 13.1) is genuinely present in the source and accurately supports the claim that Paxos supports PAXG on one, and only one, fork, providing services and USD backing on | kimi: confirmed — Section 13.1 of the archived PAXG Terms verbatim supports both material claims: Paxos will 'support PAXG on one, and only one, of the Forks' and will 'provide Services for, support and hold US dollars

Final terms document
Paxos PAX Gold Terms and Conditions are the operative product-specific terms; the corpus provides no publication date or identifier.Unverified
More
Sources · 5
paxos.com ↗
“You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.”
paxos.com ↗
“Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”
paxos.com ↗
“Provided a purchase request was made by 5:00 p.m. EST and has passed the necessary compliance checks, your PAXG tokens will be delivered the next business day following a purchase request.”
paxos.com ↗
“Paxos is not responsible for any losses associated with any default by a Clearing Bank, or any unavailability of your unallocated balance, either temporarily or permanently, due to non-performance of the Clearing Bank for any reason, including but not limited to, insolvency, default, or operational error.”
paxos.com ↗
“Paxos will evaluate all forks and make a determination, based on a number of factors, to support PAXG on one, and only one, of the Forks. Paxos will continue to provide Services for, support and hold US dollars against, PAXG held on the supported Fork only.”

Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The archived page supports the five quoted provisions and identifies itself as a PAXG Agreement forming part of the Paxos Contractual Documentation, but it does not establish the final legal | anthropic: unsupported — goal-fit: The slot question asks for the final legally effective terms including issuer, date, identifier, and original registry URL. All five claimed quotes are verbatim-verifiable in the archived co | kimi: unsupported — goal-fit: the archived content confirms the cited URL hosts the operative product-specific PAX Gold Terms and Conditions (a self-described 'PAXG Agreement' covering conversion, redemption, forks, and

Minimum investment
15Unverified
More
Sources · 1
paxos.com ↗
“Given that PAX Gold has a very low investment minimum (0.01 PAXG or ~$15), fractional bar ownership is now possible for retail customers unlike ever before.”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — The source states a purchase minimum of 0.01 PAXG and describes its value only approximately as “~$15.” It does not support an exact minimum initial subscription/mint of 15; it also separately notes a | anthropic: confirmed — The whitepaper directly answers the slot question (minimum initial subscription/mint): it states the purchase minimum is 0.01 PAXG, described as 'a very low investment minimum (0.01 PAXG or ~$15)'. Th | kimi: unsupported — The source states the investment minimum as 0.01 PAXG, with '~$15' given only as an approximate USD equivalent tied to the gold price at the time of writing, not as a stated $15 minimum. The whitepape

Source documents
Pax Gold Whitepaper; product terms document; publication date not stated in the corpus.Disputed
More
Sources · 1

Cite the paxos.com whitepaper URL and evidence.

app.rwa.xyz ↗
“Terms Paxos Gold Whitepaper”

Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited RWA.xyz page labels an item under “Terms” as “Paxos Gold Whitepaper,” supporting the document name and a terms-related classification. However, it does not provide the document’s U | anthropic: confirmed — The archived rwa.xyz PAXG page renders the exact claimed quote — a 'Terms' section header immediately followed by 'Paxos Gold Whitepaper' — which supports both the document's identity and its classifi | kimi: unsupported — goal-fit: the slot requires each document fact to carry type, date, and the URL at the original source. The RWA.xyz snapshot only shows the label 'Terms: Paxos Gold Whitepaper' on a third-party regist

Settlement
Several business daysUnverified
More
Sources · 1
paxos.com ↗
“Paxos will make commercially reasonable efforts to convert and/or redeem your PAXG quickly. It may take up to several business days for your Account balance to reflect the conversion or redemption, depending on your method of conversion or redemption.”

Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source states only that an account balance may take up to several business days to reflect a conversion or redemption, depending on the method. This is a maximum, method-dependent accoun | anthropic: unsupported — The quoted text is verbatim-accurate to Section 11.5 of the archived Paxos PAXG terms. However, the source states settlement may take "up to several business days," framed as a maximum ceiling qualifi | kimi: unsupported — goal-fit: the source states only an upper bound — 'it may take up to several business days for your Account balance to reflect the conversion or redemption' — hedged with 'commercially reasonable effo

Exit paths
Paxos identifies a retailer network for converting smaller PAXG amounts into physical gold worldwide.Unverified
More
Sources · 1
paxos.com ↗
“Through Paxos.com, customers can redeem full-sized London Good Delivery gold bars. Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world.”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The issuer whitepaper supports a smaller-amount physical-gold conversion path through participating gold retailers worldwide, but the claim does not provide the required settlement timing, m | anthropic: confirmed — The whitepaper (issuer-docs, the assigned evidence class) states verbatim under 'Redeemable': 'Through a network of gold retailers, they can convert smaller amounts to physical gold all over the world | kimi: unsupported — goal-fit: the archived whitepaper does support that Paxos identifies a network of gold retailers for converting smaller PAXG amounts to physical gold worldwide ('Through a network of gold retailers, t

Run operations

0 source channels auto-trusted this run (revocable in Autoresearch)

discover · claude · ok · 304s · 113 links

discover · codex · ok · 89s · 146 links

resolve · resolve-light · ok · 50 links

ingest · ingest · weak

plan · plan · ok

synthesize · synthesize · ok

Coverage

27 of 43 fields verified · 0 unverified · 19 not found

Run 2026-08-06T20:19:43.769Z · done · cost $0.00

Automated research, human-reviewed. Verify against source documents before credit decisions.

Custodians
Paxos custodies allocated bars for PAXG holders. An unnamed insured vault provider safeguards the gold in locked London vaults.Disputed
More
Sources · 3

Vault provider unnamed; allocation state overstated.

paxos.com ↗
“Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets. All gold bars represented by PAX Gold tokens are custodied by Paxos for PAX Gold holders and do not become a part of the company’s estate in the event of the company’s insolvency.”
support.paxos.com ↗
“Our vault provider maintains insurance against loss of the gold held in custody by Paxos for the benefit of PAX Gold token holders.”
paxos.com ↗
“The gold is <!-- Page 7 --> secured, stored and safeguarded at a precious metals security facility within locked London vaults.”

Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that Paxos Trust Company custodies allocated PAXG gold for token holders, is a New York state-chartered trust company regulated by NYDFS, and holds the gold in a segregat | anthropic: confirmed — Both items are supported by the union of the fetched sources, and the claim answers the slot question (who holds the underlying, charter, segregation). Item 1 (Paxos custodies allocated bars for PAXG | kimi: confirmed — Both items are supported by the union of sources. (1) 'Paxos custodies allocated bars for PAXG holders' is directly stated in the whitepaper: 'All gold bars represented by PAX Gold tokens are custodie

paxos.com ↗
“In that regard, Withum performs specific month-end attestation procedures on these accounts in accordance with standards established by the AICPA. These monthly attestation reports can be found on the Paxos website.”

Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources document an address-based allocation lookup and a 2019 statement that Withum performed month-end supply-to-gold attestations, but they do not identify a current consolidated seri | anthropic: confirmed — Each atomic assertion is directly supported by the fetched sources. The support article and newsroom post confirm Paxos provides serialized bar details (serial number, brand code, gross weight, finene