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Nexo Purchases $5 Million in PAX Gold to Meet Demand for Tokenized Gold Lending and Borrowing

Nexo, the leader in crypto banking, has purchased $5 million worth of PAX Gold (PAXG), to meet rising demand from its customers.

Since Nexo announced it's Instant Crypto Credit Lines would support the digital gold token PAXG, the company has received numerous inquiries from OTC clients about exchanging parts of their existing collateral (BTC, ETH, XRP, etc.) into PAXG, demonstrating the growing value and interest in tokenized gold.

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