Paxos officially launched PAXG on Solana on June 25, 2026, via its X account. The tokenized gold product runs on blockchain infrastructure built by Sunrise DeFi, the same team that previously deployed SPCX and SNDK tokenized equities.
What Is PAXG and Why Does It Matter?
Each PAXG token is backed by one troy ounce of physical gold stored in Brink's London vaults. Paxos, a U.S.-regulated issuer, allows token holders to redeem for actual bars. With gold near $3,300 per ounce, each token carries intrinsic dollar value.
Before this, PAXG lived primarily on Ethereum, where gas fees often spike to $20-$50 during congestion. On Solana, the same transaction costs less than a cent, while settlement is near-instant.
What Can Investors Do With PAXG on Solana?
Tokenized gold now integrates with Solana's DeFi ecosystem in four key ways:
- Hold gold in any Solana wallet at near-zero cost
- Trade 24/7 on Jupiter, Raydium, and other DEXs
- Use as collateral in lending protocols like Kamino
- Access safe-haven asset exposure without a brokerage account
This effectively opens a 5,000-year-old asset class to anyone with a smartphone and a Solana wallet.
Solana's RWA Momentum Picks Up
The PAXG launch joins a string of institutional moves this week: MoneyGram becoming a Solana validator, KG Inicis enabling stablecoin checkout. Solana now leads all chains with 285,971 RWA holders, claims 97% of tokenized equity volume, and holds a stablecoin market cap near $15.2 billion.
Gold is a $13 trillion global asset class. Even a fraction moving on-chain through Solana would generate meaningful volume.
Expert View: Commodity Tokenization Next?
Solana Foundation CPO Vibhu Norby has flagged RWA growth as a 2026 priority. Sunrise DeFi has now handled SPCX, SNDK, and PAXG, positioning itself as Solana's primary tokenization layer. Observers expect silver, platinum, or oil-backed tokens to follow if PAXG adoption scales smoothly.