BlockBeats reports that Paxos Gold, a cryptocurrency token linked to real-world assets and backed by physical gold, has recently surpassed the $500 million mark in total value locked (TVL), now totaling $508 million. Each PAXG token corresponds to one ounce of high-quality gold from the London Good Delivery standard, securely stored in professional vaults. This token merges the reliability of gold with the accessibility and versatility of blockchain technology. Users can either redeem their tokens for physical gold or trade them on various cryptocurrency exchanges.