PAXG vs XAUH
Same asset class, side by side. A dash is a field the public record does not fill.
| Field | Pax Gold | Herculis Gold Coin |
|---|---|---|
| Ticker | PAXG | XAUH |
| Asset class | Gold | Gold |
| Issuer | Paxos Trust Company, National Association | Herculis Tokens SA |
| Issuer jurisdiction | United States | Panama |
| Regulator | Office of the Comptroller of the Currency (OCC) | — |
| Token type | Asset-backed token. One token represents one fine troy ounce of a London Good Delivery gold bar. | Payment token backed by 1 gram of 999.9 LBMA fine gold. The terms say this label is not itself a regulatory classification. |
| Custodian | Paxos Trust Company, National Association. Allocated gold is stored in LBMA-accredited vaults in London. | Herculis House, BRINKS and LOOMIS (named in the white paper as the vault and custody providers; gold stored in Switzerland) |
| Auditor | KPMG LLP (monthly attestation). Bureau Veritas (annual physical audit of the vaulted gold; Paxos says this is not an attestation of ownership or valuation). | KPMG (factual findings reports on physical gold and gold certificates) |
| Chains | Ethereum, Solana | TON, TRON, Ethereum |
| Fees | Zero storage fees. Zero on-chain transfer fees. | No ongoing custody or insurance fee. Direct tokenization fee 0.30%. Physical redemption fee 3% at 500 grams and 1% at 1 kilogram or more, plus delivery, insurance, customs, taxes and third-party charges. |
| Redemption | Redeemable through Paxos for LBMA Good Delivery gold bars (minimum 430 PAXG per bar), unallocated Loco London gold, or USD. | KYC-verified customers can request physical redemption from 500 XAUH (500 grams of fine gold). A secondary-market holder is not automatically eligible. |
| Minimum unit | 1 fine troy ounce per token | 1 XAUH = 1 gram of LBMA 999.9 fine gold. Divisible to 0.01 gram. |
| Launched | — | — |
| Website | https://www.paxos.com/pax-gold | https://xauh.gold/ |
| CoinGecko id | pax-gold | herculis-gold-coin |
| Market cap | — | — |
| Supply | — | — |