PAXGy Token Brings Institutional Gold Leasing Market to Individual Investors
Paxos Labs has launched PAXGy, a token backed by Pax Gold (PAXG), to give holders exposure to institutional gold leasing. For decades, the gold market has produced lending rates every working day, but most owners have been locked out of earning them.
Gold lending itself is not new; refiners, jewelry manufacturers, miners, and bullion banks borrow metal instead of purchasing it outright and pay a lease rate for doing so. Central banks also participate in gold lending through swaps and leasing.
The problem has always been access: the market runs through institutional minimums, bilateral bullion-bank relationships, and specialized settlement infrastructure built for a small circle of participants. PAXGy attempts to shrink this institutional ticket down to token size.