
PAX Gold
PAXG#49PAXG is a gold token from Paxos: each token stands for one troy ounce of vaulted gold.
- Market cap
- $1.8B
- Volume 24h
- $48.6M
- All-time high
- —
- Circulating supply
- 435.07K
Does not clear all 8 Shariah criteria. Needs caution: business model and permissible ownership.
- 6 pass
- 2 caution
- 0 fail
Verdict history
- DoubtfulCurrent
Verdict revised to DOUBTFUL: Sharlife, the authoritative source that rates the token, marks it Grey (doubtful) in its open list; CryptoUmmah's halal rating is noted as a second opinion.
- Halal
First publication
A verdict change is published immediately. Projects with the Liberandum badge see “Status changed” within an hour.
AI Insight : Price is pegged: attractiveness is not assessed
Analysis at $4,148 · Oct 4, 2026How the rating is built
Six criteria scored by code. The long term weighs 65%, the next weeks 35%. Missing data lowers confidence, not the rating.
Price and market criteria are recalculated daily- Price valuationweight 25%No dataNot assessed for this asset
- Fundamentalsweight 30%SupportsScore 84 of 100Team Strong · Institutions Moderate · Tokenomics Strong · Network Strong
- News backgroundweight 10%NeutralScore 50 of 100Mixed · 0 up, 0 down in 30 days
- Trendweight 15%No dataNot assessed for this asset
- Upside vs downsideweight 12%No dataNot assessed for this asset
- Scenariosweight 8%No dataNot assessed for this asset
Criterion status: 60–100 supports, 40–59 neutral, below 40 weighs against. “Very attractive” is only possible when no criterion weighs against. Analytical information, not investment advice.
Fundamentals: Strong
PAXG is a federally supervised token where each unit is one troy ounce of allocated London gold with monthly KPMG attestations, but it depends on one issuer that can freeze tokens and change fees.
Reviewed every 3 months and on major eventsNews: Mixed
A quiet period for PAX Gold; Paxos changed the redemption fee schedule and added a fee on conversions into physical gold.
Reviewed monthly and when something material happens- NeutralPaxos changes PAXG redemption fees and adds a 0.05% in-kind conversion feeRedemption fees now apply in marginal bands (0.125% to 0.5%) on each account's rolling 30-day net redemptions, and converting PAXG into gold costs 0.05%, raising costs for some holders.
- PositiveOCC conditionally approves the conversion of PAXG issuer Paxos Trust Company to a national trust bankThe US banking regulator approved Paxos's move from a state trust company to a federally supervised national trust bank, one of five such approvals that day. It places the issuer of PAXG under federal oversight.
- NegativePaxos settles with the New York regulator for $48.5 million over anti-money-laundering failuresThe NYDFS fined Paxos Trust Company $26.5 million and required $22 million of spending on controls, citing weak due diligence on its former partner Binance in the BUSD arrangement. The case did not concern the gold behind PAXG, but it involved the same issuer and custodian.
Price & market
Doubtful verdict: check the halal analysis before any decision.
Section in preparation
AI-assisted analysis. Not investment advice.
Technical analysis
4HSection in preparation
Where it trades
Section in preparation
Similar halal assets
No halal alternatives yet: showing assets with the verdict “Doubtful”