In a move that underscores the rising intersection of traditional finance and decentralized assets, Bitget Wallet has announced the integration of Pax Gold (PAXG) for both spot and futures trading. The addition of the tokenized gold asset comes amid heightened global interest in safe-haven investments, driven by market volatility and geopolitical uncertainty.
PAXG: A Bridge Between Physical and Digital Gold
Pax Gold (PAXG) is a tokenized version of gold issued by Paxos, a blockchain infrastructure provider. Each PAXG token is backed 1:1 by one ounce of physical gold stored in secured vaults, allowing users to gain exposure to the stability of gold through a decentralized medium.
Unlike traditional gold ownership, which involves storage, transport, and verification challenges, PAXG offers on-chain accessibility, fractional ownership, and 24/7 liquidity, making it increasingly attractive to crypto-native investors.
“As traditional finance and Web3 converge, we believe digital access to real-world assets like gold should be effortless,” said Alvin Kan, COO of Bitget Wallet.
Market Timing: A Strategic Launch
The launch comes at a time when gold prices have surged to historic highs. According to TradingEconomics, the price of gold climbed past $3,222 on April 15, up approximately 7.3% over the past month, driven by intensified global tensions and increased institutional demand.
In parallel, PAXG has mirrored this performance, trading at $3,239 as of press time — a weekly gain of over 7%, despite a minor 0.1% dip in the past 24 hours. PAXG’s market cap stands above $738 million, with daily trading volume nearing $60 million, indicating growing traction among investors seeking digital stores of value.
Tokenized Gold Campaign and Incentives
To promote the new listing, Bitget Wallet has launched a limited-time trading campaign running from April 12 to April 20. The campaign features a $9,000 prize pool for users who trade PAXG through Bitget Wallet’s swap feature or its futures trading interface powered by tatadex.
The initiative not only aims to encourage adoption of PAXG but also serves to introduce more traders to tokenized real-world assets (RWAs) a trend gaining momentum across the crypto space.
A Growing Shift Toward Tokenized Assets
Bitget Wallet’s decision to support tokenized gold is part of a larger shift within centralized and decentralized platforms to bring real-world assets onto the blockchain. From real estate to government bonds, tokenization is enabling greater efficiency, transparency, and accessibility for traditional investment classes.
PAXG’s integration allows traders to hedge risk, diversify portfolios, and gain exposure to gold without ever leaving the digital ecosystem an attractive proposition in today’s fast-evolving financial landscape.
