PAXG’s issuer, Paxos, is regulated by the NYDFS as an issuer of fiat-backed and gold-backed stablecoins. Paxos  is required to comply with the following:

• PAXG reserves must be segregated for the benefit of PAXG holders

• Procure monthly attestations of reserves including (i) end of period reporting  and (ii) one random day reporting. 

• Annual attestation report by a US-licensed CPA pre-vetted by the NYDFS.

• Such other conditions that may be imposed by the NYDFS on a case to case basis.