From physical gold to oil, in your wallet.
Two routes into commodities. The first is gold with direct physical backing: PAXG and XAUT, held in audited vaults. The second is 15 US commodity ETFs, from silver to oil and broad baskets, tokenized via Ondo. All in your wallet, on your keys.
1 TOKEN = 1 TROY OUNCE
LBMA Good Delivery bar
PUBLIC SERIAL NO.
PAXG
XAUTWith PAXG you can look up which bars back your wallet.
PAXG · XAUT
direct-backed gold
15
commodity ETFs
via Ondo
Soon
direct-backed silver and oil
How it really works
No vault fee · fractions starting small
Pix in, buy your fraction
Send a Pix (free) and buy PAXG or XAUT in the app with a 0.7% swap. No need to buy a whole ounce: any fraction, and the token lands straight in your wallet.
The issuer allocates the gold
Paxos holds LBMA Good Delivery bars in Brink's vaults in London, and Tether, in Swiss vaults. Every token in circulation maps to 1 allocated troy ounce, and the gold exists before the token is minted.
Audits confirm the backing
KPMG publishes PAXG's monthly attestation; BDO reviews XAUT's quarterly one. PAXG goes further: Paxos' tool shows the serial numbers of the bars tied to your address.
Price tracks spot, 24/7
The token follows the international gold price in dollars, around the clock, with no market hours, no T+2 and no broker in between.
Exit whenever you want
Sell in the app any time into reais or digital dollars. Above ~430 ounces, you can redeem the physical bar directly with the issuer.
Why Chainless
Physical gold, bar by bar
Each token equals 1 troy ounce of gold allocated in serial-numbered LBMA bars. With PAXG, Paxos' public tool shows you exactly which bars back your wallet.
Audited, with public reports
KPMG attests monthly that PAXG's gold covers 100% of tokens; XAUT publishes quarterly attestations reviewed by BDO. Published proof, not a promise.
Your gold, in your keys
The token lives in your wallet, on your keys, outside a broker's account. No annual custody fee, tradeable around the clock, starting from a few reais via Pix.
Double protection: gold and the dollar
The price tracks spot gold in dollars. If you earn and spend in reais, that's defense on two axes: the metal no one can print, and the hard currency.
What it's made of
15 U.S. commodity ETFs, tokenized via Ondo.
Gold
3- GLDSPDR Gold Shares
- IAUiShares Gold Trust
- FGDLFranklin Responsibly Sourced Gold ETF
Silver
1- SLViShares Silver Trust
Platinum & palladium
2- PPLTabrdn Physical Platinum Shares ETF
- PALLabrdn Physical Palladium Shares ETF
Copper
1- CPERUS Copper Index Fund
Oil
2- USOUnited States Oil Fund
- BNOUS Brent Oil Fund
Natural gas
1- UNGUS Natural Gas Fund
Broad baskets
4- DBCInvesco DB Commodity Index Tracking Fund
- PDBCInvesco Optimum Yld Dvsfd Cmd Str No K-1 ETF
- FTGCFirst Trust Global Tactical Commodity Strategy Fund
- GLTRabrdn Physical Precious Metals Basket Shares ETF
Shipping freight
1- BWETBreakwave Tanker Shipping ETF
The questions that matter
Not the question you had? There are real people answering in the app.
Is there real gold behind this?
Yes. Each PAXG equals 1 troy ounce (~31.1 g) of physical gold allocated in LBMA Good Delivery bars. These are serial-numbered bars you can look up in Paxos' public tool with your wallet address. XAUT works the same way: 1 token equals 1 ounce of identified gold in Swiss vaults. The gold exists before the token does.
Where is the gold stored? Who verifies it?
PAXG's gold sits in Brink's vaults in London, and KPMG publishes a monthly attestation confirming the bars cover 100% of tokens in circulation. XAUT's gold sits in Swiss vaults, with quarterly attestations reviewed by BDO Italia. The reports are public, and you do not have to take anyone's word for it.
Can I redeem physical gold?
You can, but it only makes sense at scale. Direct redemption with the issuer is in whole Good Delivery bars, around 430 ounces, worth millions of dollars, with identity verification. For any other amount, the exit is selling the token in the app, any time, into reais or digital dollars.
How is this different from a gold ETF (GLD, GOLD11)?
With an ETF you hold a share of a vehicle that holds gold for you. It charges a management fee every year and trades only during market hours. Brazil's GOLD11, for example, runs around 0.55% p.a. across its layers. With PAXG the backing is direct. The token sits in your keys, with no annual fee and tradeable around the clock, and you can see the bar backing you. GLD also exists on Chainless, in the Stocks & ETFs section, and it is a different product structure.
What about buying a physical bar or coin?
Physical gold in Brazil carries wide buy/sell spreads, storage costs, and the authenticity problem when it's time to sell. The token solves all three: you buy a fraction starting from a few reais, pay no vault, and authenticity is guaranteed by the issuer and the audit attestations.
What does the price track?
The international gold price, spot, in dollars. If you live in reais, that is double exposure: the metal and the exchange rate. If gold rises or the real weakens, your balance in reais reflects it, and the reverse holds too.
What does it cost to hold?
Holding cost is zero. PAXG and XAUT charge no storage or annual management fee, unlike an ETF or a vault. You pay per transaction: 0.7% on buys and sells in the app. Pix deposits are free.
What if Paxos or Tether goes under?
PAXG is issued by Paxos Trust, regulated by the New York DFS. Customer gold sits in a trust structure, segregated from the company's balance sheet, and does not enter a bankruptcy estate. With XAUT, each token represents an interest in identified bars held for holders. Issuer risk exists in any backed product, and here it is mitigated by segregation, regulation and public attestations.
How much do I need to start?
You need very little. The token is fractional: instead of a whole ounce, you buy whatever fraction fits your budget. Deposit via Pix at no cost, and the gold sits in your wallet, in your keys, no one's permission required.
The risks
What can go wrong, written down before you invest.
- 01Gold's price moves and it can fall. Gold also pays no interest or dividends, because its job is to hold value over time.
- 02Currency exposure: the price is in dollars. If the dollar weakens against the real, your balance in reais shrinks even with gold flat.
- 03Issuer risk: you depend on Paxos and Tether honoring the backing. Segregation, regulation and public attestations (monthly for PAXG, quarterly for XAUT) reduce that risk, but it is not zero.
- 04Physical redemption only in whole bars (~430 ounces). For normal amounts, the exit is selling the token in the app.
Commodities are variable-return assets: prices fluctuate and results are not guaranteed.
All of it in your wallet, on your keys.
Download the app and start in minutes, with Pix.