Robinhood officially announced the launch of Paxos Gold (PAXG), offering users blockchain-based access to physical gold holdings.
According to an official announcement, Robinhood has listed Paxos Gold (PAXG) on its trading platform. PAXG is issued by Paxos Trust Company and backed by physical gold stored in secure vaults. This addition provides Robinhood users with a crypto asset pegged to gold rather than fiat or typical volatile cryptocurrency prices, marking an expansion in the platform’s asset offerings.