- Paxos Labs launched PAXGy, a gold-backed token that grows in gold terms by lending reserves in the institutional gold leasing market, with launch partners OKX, X Layer, 0x, Uniswap, Ether.Fi, and Chainlink.
- Tokenized gold exceeds $5 billion in value and traded $90.7 billion in Q1 2026, surpassing all of 2025 combined.
- Gold prices hold above $4,300 an ounce in September, below January's record but near historic levels, as miners focus on recovery rates and metallurgy.
- Lake Victoria Gold reported metallurgical testwork showing pretreated clay-rich material at its Imwelo project improved 24-hour gold extraction from 49.99% to 84.54%.
- Japan, once called a "land of gold," is receiving renewed attention from foreign and domestic companies as gold prices surge.
Quotes
“Gold has been lent for thousands of years, and institutions have earned on their bullion reserves for decades. That market has never been accessible to ordinary holders of gold globally. PAXGy brings its economics to a token anyone can hold, with the assets in the reserve growing in ounce terms, redeemable for PAXG at any time.”
“Gold is the oldest reserve asset in the world, and holding it has always incurred a cost. As the issuer of PAXG, we made gold move at the speed and transparency of the blockchain. PAXGy makes it work like capital.”
“Gold is often the first asset people reach for when they want to preserve value, and one of the few that crosses between traditional finance and crypto without needing explanation. What it has never done is earn. We wanted our customers to have that on day one, through X Layer on day one & eventually the exchange, whichever way they prefer to hold it.”
“We designed this program to answer a practical engineering question: how should we treat the clay-rich material expected early in the Area C mining sequence? The results give us a clear preferred processing direction, with scrubbing and desliming materially improving gold extraction and slurry handling.”