Paxos launches PAXGy, a tokenized gold lending product, across OKX, Uniswap, X Layer, 0x, and ether.fi.
DeFi & Yields ·
Paxos has launched PAXGy, a tokenized gold lending product, making it available across multiple platforms including OKX, Uniswap, X Layer, 0x, and ether.fi. The product enables gold lending functionality directly on-chain, extending Paxos' existing tokenized asset offerings into the yield-generating segment.
PAXGy builds on Paxos' infrastructure role as a regulated blockchain and tokenization provider. The company has positioned itself as a bridge between traditional finance and digital assets, issuing asset-backed tokens and powering white-label crypto services for major financial institutions. This launch represents an expansion of that thesis into lending mechanics, allowing users to earn yield on tokenized precious metals across decentralized venues.
The mechanics of how PAXGy will operate across these venues—including settlement, custody arrangements, and borrowing terms—remain unspecified in available announcements. It is also unclear whether this product is part of Paxos Labs' Amplify platform or a standalone offering under the main Paxos infrastructure division.