Paxos (PAX) Set to Tokenize Valuable Metals & Gold by Yr-Finish

Paxos (PAX), the project behind one of the more influential stablecoins, has given indications of launching a gold-backed digital asset by the end of 2019. In an interview with Fortune, the project’s CEO Chad Cascarilla, the company outlined the plans for the development of the Paxos project.

Paxos wants to take “any type of asset” and put it on the blockchain, in essence making the project capable of launching a new batch of security tokens. But physical gold will probably be the first asset added.

Paxos is one of the few fully legalized digital asset projects, with complete transparency, complying with…

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