How does PAXG maintain trust and backing?

[etfs]

PAXG is issued by a regulated trust company required to hold the physical gold that backs each token.
The gold is:

stored in secure, fully insured vaults

matched exactly to the circulating supply

audited regularly

redeemable for the underlying metal

This structure reduces the risk of under-collateralization and gives holders confidence that the supply truly reflects physical gold reserves.