GCEX Group announced today (Tuesday) that it is adding tokenized gold trading to its platform for institutional and professional clients, offering access to two gold-backed digital tokens alongside traditional CFD alternatives.
The London-based digital prime brokerage has announced that customers can now trade Pax Gold ($PAXG) and Tether Gold ($XAUt)USDC, USDT, against the US dollar. Both tokens are also available as CFDs settled in USD. This structure allows clients to gain price exposure to gold without directly holding the tokens.
Riding a broader gold push
The addition builds on a gold futures CFD launched by GCEX in January, which the company said at the time was due to increased institutional investor interest in commodity derivatives. GCEX CEO Lars Holst said Tuesday’s expansion was a “natural next step.”
Lars Holst, GCEX CEO and Founder
“We look forward to providing our institutional customers with efficient, complete on-chain access to physical gold through our leading tokenized product,” Horst said. “This is a service that will be welcomed by our customers as it allows them to transact via digital payment mechanisms.”
The company said tokenized products are available 24/7, 365 days a year, different from traditional commodity futures markets, which are traded during trading hours.
2 products, 2 administrators
$PAXG ERC-20 tokens are issued by Paxos Trust Company and regulated by the New York Department of Financial Services. According to the issuer, each token represents one fine troy ounce of London Good Delivery Gold held in an LBMA-certified vault in London, with monthly independent audits providing bar-level transparency.
$XAUtRepresents one troy ounce of 99.99% pure physical gold issued by TG Commodities and stored in a Swiss vault with quarterly certification. According to TG Commodities, the token is designed to allow ownership of allocated gold bars to be transferred on-chain.
On-chain gold attracts attention across the industry
Interest in tokenized gold is growing more broadly. In August 2025, Bybit integrated gold tokenization through the TON blockchain partnership. This is a sign that demand for on-chain precious metal products is spreading across crypto platforms. Gold-backed tokens are attracting institutional attention in part because they allow access to physical gold without the logistical problems of direct delivery and storage.
GCEX has been systematically expanding its product assortment over the past year. In June 2025, the company expanded into oil, gas and metals with eight new spot products, in response to customer demand for exposure to physical commodities without the complexity of shipping, Holst said.
Limited to institutions with regulatory conditions
According to GCEX, this service is limited to Institutional and professional customers only Not available to retail traders. The company said gold CFDs are complex products with a high risk of loss, which is standard regulatory disclosure.
The company operates under authorization from the Financial Conduct Authority in the UK and holds a crypto asset service provider license in Denmark under the EU’s MiCA framework, which was secured in December 2025. It also holds a virtual asset service provider license from the Crypto Asset Regulatory Authority of Dubai.
The tokenized gold launch follows a series of corporate moves on GCEX. The company acquired digital asset firm GlobalBlock in September 2025 to add asset management capabilities and rolled out a mobile trading app for institutional crypto and foreign exchange customers earlier that year. True Global Ventures remains an investor in the company.
