(Title III, Articles 16 – 47)
Crypto tokens used for exchange. ARTs are distinguished by their ability to be linked to multiple fiats, physical assets, cryptocurrencies, or a combination thereof. PAX Gold*
exemplify this concept.*PAX Gold – a digital token backed by physical gold. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold held in custody by Paxos Trust Company.