GCEX Group, a leading provider of digital assets, foreign exchange solutions and trading technology, has strengthened its offering with the addition of tokenised gold trading. This is available through relevant GCEX group entities in accordance with their respective regulatory permissions.
This latest development from GCEX enables institutional and professional clients to trade Pax Gold (PAXG) and Tether Gold (XAUt) against major stablecoins (USDC and USDT) and USD. It enables clients to gain exposure to physical gold while remaining fully on-chain, with access to deep liquidity in leading gold-backed tokens 24×7/365. GCEX also offer PAXG and XAUt to be traded as a CFD against the USD, where the PnL is settled in USD, with no direct ownership of the underling.
Pax Gold (PAXG) is a regulated gold-backed ERC-20 token issued by Paxos Trust Company and regulated by the New York Department of Financial Services. Each PAXG token represents one fine troy ounce of London Good Delivery gold held in LBMA-accredited London vaults. Token holders have direct ownership rights and benefit from independent monthly audits and full bar-level transparency, as described by the respective token issuers.
Tether Gold (XAUt), issued by TG Commodities, similarly represents one troy ounce of 99.99% pure physical gold stored in secure Swiss vaults. The token is designed for easy on-chain transferability and ownership of allocated gold bars, with quarterly attestations for transparency.
Lars Holst, CEO of GCEX Group, commented: “Following the introduction of Gold Futures CFDs last month, the addition of tokenised gold trading represents a natural next step in expanding our offering. We look forward to offering institutional clients efficient, fully on-chain access to physical gold via leading tokenised products. It is an offering which is welcomed by clients as it enables them to trade through digital settlement mechanisms.”
CFD trading on gold is available through relevant GCEX group entities in accordance with their respective regulatory permissions. CFDs are complex instruments and carry a high level of risk. Clients should ensure they understand how CFDs work and whether they can afford to take the high risk of losing their money. This offering is available exclusively to institutional and professional clients, and is not available to retail clients.
GCEX Group empowers institutional and professional clients to access a comprehensive range of Forex brokerage and crypto-native technology solutions under its XplorDigital suite. XplorDigital features, its recent XplorDigital App, innovative plug-and-play solutions, ‘Crypto in a Box’ and ‘Broker in a Box’ which encompass technology-agnostic platforms addressing regulation while covering, staking solutions, safety of funds, established institutional liquidity providers, connectivity to the biggest price makers, advanced risk management, and innovative technology partnerships.
Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA, is authorised and regulated by the Danish Financial Supervisory Authority (Finanstilsynet) as a Crypto-Asset Service Provider under the EU Markets in Crypto-Assets Regulation (MiCA) and as a Currency Exchange and has a Virtual Asset Service Provider license by the Dubai Virtual Assets Regulatory Authority. True Global Ventures are investors in GCEX.
For further information, please visit www.gc.exchange or LinkedIn