PAXG is a digital asset that represents physical gold stored in vaults. PAXG tokens are issued by Paxos, a regulated financial institution, and are backed by real gold, offering a secure and transparent solution for investing in gold. PAXG tokens serve as a representation of physical gold, enabling users to invest in gold without the need for physical storage or transfer. Moreover, holding PAXG tokens enables users to participate in various DeFi applications, leveraging the underlying real-world asset to earn returns on investment. In summary, PAXG tokens enable secure and transparent gold investment solutions and provide opportunities for participating in DeFi applications, contributing to the growth and adoption of the PAXG asset."