Gold bars inside a secure vault connected by a blockchain network, representing tokenized gold such as PAXG and XAUT.

Tokenized Gold in 2026: How PAXG, XAUT and Gold-Backed Tokens Work

Tokenized gold lets investors hold and transfer fractional claims linked to vaulted bullion. This guide explains how PAXG and XAUT work, compares their structures and examines custody, redemption, liquidity and blockchain risks.

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