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Paxos Labs expands investment options for gold-backed crypto

Paxos Labs expands investment options for gold-backed crypto

  • Key insight: Paxos Labs has released a new digital asset for tokenized gold investing. 
  • What’s at stake: Amid geopolitical and economic pressure, investors are looking for new hedges. 
  • Expert quote: “With everything that’s going on in the world, there’s going to be a demand for gold and tokenized gold.”—Paxos Labs’ Bhau Kotecha

 As the uses of tokenization proliferate, gold is emerging as a potential target for payment firms, given the metal’s popularity as a hedge against risks from tariffs, the Iran war and other economic challenges. 

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“With everything that’s going on in the world, there’s going to be a demand for gold and tokenized gold,” Bhau Kotecha, co-founder of Paxos Labs, told American Banker.

Paxos Labs has…

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