AlphaBullion
Investment Management - , New York, United States
AlphaBullion Employees
AlphaBullion Details
Alpha Bullion is the world's first platform for redeeming physical gold using Paxos' regulated gold-backed cryptocurrency, PAX Gold. A partnership between Paxos and precious metals retailer Bullion Exchanges, Alpha Bullion provides customers with all the benefits of investing in physical gold without any of the downsides. Normally, investors in gold have to pay for storage and transportation for their assets. This can mean continually renting space in professional vaults, or worrying about maintaining and securing a home storage system. But with PAX Gold, or PAXG for short, this is no longer necessary. Regulated by the New York Department of Financial Services, every PAX Gold token is backed by one ounce of real, physical gold. This gold is securely held in trust by Paxos, at no additional cost to you, in bar form at the Brink's vault in London. As Paxos is a trust company, you are the legal owner of the gold linked to your PAX Gold account, and can withdraw it at any time. However, not all customers wish to withdraw their gold as generic bars. Currently, Paxos only allows its users to withdraw 100 ounce generic gold bars, meaning that they must have at least 100 PAX Gold tokens to begin redeeming from the London vault. For those looking to redeem smaller amounts or exchange their tokens for items other than generic gold bars, this is where Alpha Bullion comes into play. Alpha Bullion allows PAXG holders to exchange their tokens for specific items from Bullion Exchanges' wide range of gold products, in sizes ranging from 1 gram to 1 kilo. Available items include designer bars from PAMP Suisse and Valcambi, as well as generic aftermarket bars at sizes lower than 100 ounces. Alpha Bullion also allows users to redeem PAXG for the U.S. Mint's popular American Eagle coin series. This makes Alpha Bullion valuable to investors and collectors alike.
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