Blockchain Bylines Exploring: PAXG & Tokenizing Gold w/ Lesley Chavkin, Paxos
Aug 6, 2025
Lesley Chavkin, Global Head of Public Policy at Paxos, provides an insightful look into PAX Gold (PAXG), a tokenized asset representing physical gold. She discusses the transition from traditional gold investments to digital tokenization, highlighting benefits like fractional ownership and increased liquidity. The conversation also explores future possibilities for tokenizing various commodities, the implications of recent federal stablecoin legislation, and how blockchain technology is reshaping our understanding of value and finance.
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Policy Interest Shapes PAXG Questions
- Lesley often fields many questions from Washington policymakers about PAX-G, reflecting strong policy interest.
- She uses resources like podcasts to help policymakers understand Paxos' tokenized-gold product.
Regulated Tokenization Platform
- Paxos is a regulated trust company active since 2012 and operates under NYDFS, MAS, and EU regulators.
- It builds tokenization and stablecoin products within regulatory frameworks.
PAXG Is One-Ounce Gold Token
- Each PAXG token represents one fine troy ounce of London Good Delivery gold held in London vaults.
- Token holders own the physical gold underlying their tokens with Paxos' regulated custody.