Press Release
Sunrise Brings Tokenized Gold to Solana with Paxos’s PAXG
Sunrise, the asset gateway for Solana, today launches Pax Gold (PAXG) natively on Solana, opening the network's first canonical market for Paxos's gold-backed token. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar held in custody by Paxos Trust Company, N.A. and issued under the oversight of the OCC, and the token now trades across Jupiter, Phantom, Titan, Meteora and other major Solana venues.
An Ounce of Vaulted Gold Behind Every Token
Pax Gold is one of the longest-running tokenized commodities in the market. First issued by Paxos in 2019, each token corresponds to allocated physical gold stored in LBMA vaults in London. Anyone who owns PAXG holds ownership rights to that gold under the custody of Paxos Trust Company, N.A. PAXG's value tracks the real-time market price of gold because it represents the physical metal.
The allocated gold backing PAXG is audited monthly and holders can look up the serial number and physical characteristics of their vaulted gold through Paxos's allocation lookup tool. PAXG can be redeemed for physical gold as LBMA-accredited Good Delivery bullion bars. Paxos is regulated by the U.S. Office of the Comptroller of the Currency (OCC) which approved its conversion to a national trust bank in December 2025.
Pax Gold Gets a Native Solana Market
PAXG has traded for seven years across Ethereum and major centralized exchanges and now via Sunrise, PAXG arrives with active DeFi markets across all major Solana DEXs, aggregators, and wallets.
The PAXG listing puts a regulated, asset-backed commodity into Solana's existing distribution. Wallets and aggregators read PAXG the same way they read any major Solana token and the network's DeFi venues can build with a token that is fully backed by physical gold in a London vault.
“Solana should be where the best assets in the world trade — crypto, equities, commodities, all of it. Sunrise exists to bring them onto the network with a real and liquid market behind them from the first trade.” — Saeed Badreg, CEO, Wormhole Labs
“PAXG was built to give everyone the benefits of owning physical gold with the speed, mobility and transparency of blockchain. Solana is one of the most active onchain markets in the world and launching with Sunrise makes PAXG available to this robust ecosystem.” — Walter Hessert, Head of Strategy, Paxos
About Sunrise
Sunrise is the day one asset gateway of Solana. Sunrise enables new onchain assets—crypto, stocks, commodities, and more—to list on Solana with liquidity on day one, giving users and builders immediate access to live, tradable markets. Sunrise is made by Wormhole Labs.
About Paxos
Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Paxos Trust Company, N.A. is prudentially regulated by the U.S. Office of the Comptroller of the Currency. Pax Gold (PAXG) is issued by Paxos Trust Company, N.A.; each token is backed by one fine troy ounce of a London Good Delivery gold bar held in LBMA vaults and audited monthly.
About Wormhole Labs
Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to expand the cross-chain ecosystem. They are committed to open-source development and laying down the paths for a connected decentralized world.
Contact
Email: contact@sunrise.xyz
Twitter / X: @sunrise