Investing in crypto assets involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before investing, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use our services based on the legal requirements in your country of residence.
Investments in crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme. The information on this site is not directed at residents of the United States, Singapore, or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Pax Gold (PAXG) is the safest way to own investment-grade physical gold.
With investing, your capital is at risk
PAXG offers investors an easy and cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
The allocated gold that backs PAXG is custodied in LBMA vaults and audited monthly. Paxos is a trust company and custodian regulated by the New York State Department of Financial Services.
Pax Gold comes with a lower cost structure than that of other gold tokens, gold ETFs and gold bars, with a low minimum purchase amount and zero storage fees.
Since PAX Gold is issued by a state-chartered trust company, customer assets are kept separately from the company’s assets.
Pax Gold tokens are regulated by the New York State Department of Financial Services and is the only gold token redeemable for LBMA-accredited Good Delivery gold bullion bars.
Pax Gold is the first fully-regulated digital asset backed by gold. It's the only token redeemable for LBMA-accredited gold bars, each backed by 1 fine troy ounce from London Gold Vaults and tracks real-time gold prices.
Pax Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars.
You can get started with as little as R150 as you can own tiny fractions of a gold bar, which are divisible out to 18 decimal points.
Physical gold on the blockchain has the advantages of representing legal ownership of physical allocated gold, but does not have the drawbacks of limited transportability or high storage costs usually associated with it. Instead, it has the divisibility, fungibility and tradability of any digital asset like bitcoin. In other words, the best of physical and digital assets at the same time.
At Revix we carry out both regulated and unregulated activities. We are regulated through its wholly-owned subsidiary RVX SA Capital (Pty) Ltd ("Revix Capital"). Revix Capital is a South African private company which is regulated and authorised to offer various financial services within the traditional financial sector.
However, crypto asset-related activities still need to be fully regulated by the South African Financial Sector Conduct Authority (FSCA). The FSCA has taken the first step toward regulating the crypto asset industry in South Africa by declaring crypto assets as financial products within the scope of the Financial Advisory and Intermediary Services Act (FAIS).
What this means is that from 1 June 2023, Revix and other South African cryptocurrency platforms will have to obtain a license from the FSCA to provide their services to the public. It’s business as normal while we apply for the license – your ability to buy, sell, store and explore cryptocurrency will not be impacted during this time.This is a positive step for both the cryptocurrency industry and South Africans. We fully support this decision as it helps to protect consumers and ensures greater trust in the industry.
Revix offers its crypto-related services through Revix SA OpCo (Pty) Ltd ("Revix SA") and Revix International Limited. Revix SA is a South African company and qualifies as a Crypto Asset Service Provider under FAIS.
It’s important to note that Revix crypto accounts do not fall under local banking laws and that investments in cryptocurrencies, at this time, are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.
You can learn more about our fees here.
Yes, but you’ll need to have a minimum of 430 Pax Gold tokens plus fees given that London Good Delivery gold bars range from 370-430oz.
The amount of gold representing the total supply of PAXG is a 1:1 ratio – one fine troy ounce of gold equals one PAXG token. This means that the prices between PAXG and LBMA-accredited Good Delivery gold bullion bars move with a near matched price correlation.
The price of a PAXG token can deviate from the price of LBMA-accredited Good Delivery gold bullion bars but historically this difference in price lasts only for a short period of time.
