Who is jpmorgan's new tokenization executive, Ingrid Glitz? June 27, 2026 Coingape general J.P. Morgan Asset Management, this week, added another key executive to its growing digital assets team. The tradfi giant hired former Paxos executive Ingrid Glitz to help build the firm's next generation of tokenized investment products.

Paxos expands PAXG to Solana as demand for tokenized gold continues to rise. What to know: * Paxos launched PAXG on Solana as part of a wider multi-chain expansion strategy aimed at broader adoption. * Rising gold prices are boosting demand for tokenized gold investment products among retail and institutional investors. * Solana offers low fees, rapid settlement, and fast transactions for PAXG users and developers. Paxos has expanded its Pax Gold (PAXG) token to Solana, launching the first phase of a broader multi-chain strategy aimed at bringing tokenized gold to more blockchain ecosystems. The move comes as gold enjoys its strongest bull market in two decades, encouraging investors to seek digital alternatives that provide exposure to physical assets. The launch highlights rising demand for real-world assets that combine traditional investments with blockchain efficiency. The network said PAXG has grown more than 300% since 2024, reflecting stronger interest in tokenized gold products. The Solana expansion could help broaden access by connecting PAXG to a fast-growing blockchain ecosystem and user base. PAXG was designed to simplify gold ownership by removing storage, custody, and transfer burdens. Each token represents one fine troy ounce of gold stored in LBMA-accredited vaults, with monthly KPMG attestations and annual Bureau Veritas inspections. Regulated by the OCC, PAXG offers reserve transparency, no custody fees, and redemption options. Why Solana matters for Paxos growth. The selection of Solana by Paxos for the expansion of PAXG is an indication of how quickly the world of assets is evolving in the blockchain space. By May 2026, Solana had surpassed $2.5 billion in terms of value that was locked in its entire ecosystem. Its fee structure, speed, and reliability have attracted everyone, including asset issuers and developers. In terms of expanding its presence in Solana's DeFi system, Paxos has managed to achieve this through its partnership with Sunrise. The result has been enhanced liquidity for the top decentralized exchange platforms and wallets. The partnership could help to expand the availability of gold tokens, meaning that Solana users can have access to physical gold. Multi-Chain infrastructure sets stage for future expansion. Before Solana's launch, Paxos completely reformed the infrastructure of PAXG to enable its future expansion on EVM and non-EVM chains. This allows for omnichain functionality without compromising compliance and supply auditing. In addition, Paxos clarified that each PAXG token is backed by an identifiable gold bar. It serves as an important landmark in the growing space of tokenized real-world assets. As companies are rushing towards tokenizing their traditional investments on blockchain platforms, Paxos is taking its PAXG in that direction as well. The move has the potential to make tokenized gold available to a larger number of investors.

Gold goes onchain: Paxos launches PAXG on Solana. The launch enables fast, low-cost access to physically backed gold with native Solana DeFi integrations and compliance. Published 4 hours ago Key Highlights * Paxos launched its tokenized gold asset PAXG on the Solana blockchain. * Each PAXG token represents one fine troy ounce of physical gold. * Gold reserves are stored in LBMA-accredited London vaults with regular audits. Paxos, a digital asset infrastructure platform, has announced the launch of its flagship tokenized gold product, PAXG, on the Solana blockchain, marking the first phase of its multi-chain expansion strategy. In a detailed X post on Thursday, the firm stated that PAXG, originally launched on Ethereum in 2019, represents one fine troy ounce of physical gold per token. The gold is stored in LBMA-accredited vaults in London, with reserves subject to monthly attestations by KPMG and annual physical audits by Bureau Veritas. Issued by Paxos Trust Company, a national trust bank regulated by the Office of the Comptroller of the Currency (OCC), PAXG offers investors direct exposure to gold without the traditional burdens of storage, custody, and insurance. "Paxos built PAXG to remove the operational overhead of holding gold," the company stated. "Storage, custody, and transfer are handled at the token level, backed 1:1 with the world's finest gold and overseen by federal regulators." Why Paxos chose Solana. Paxos noted that PAXG has experienced significant growth, rising over 300% since 2024 amid gold's strongest bull cycle in two decades. As investors seek alternatives to physical bullion and ETFs, tokenized gold has gained traction due to its lower costs, near-instant settlement, and seamless transferability. The expansion to Solana comes as the network's real-world asset (RWA) sector has surged, with total value locked crossing $2.5 billion in May 2026, up from $215 million a year earlier. Paxos is partnering with Sunrise DeFi to integrate PAXG natively into Solana's DeFi ecosystem, enabling liquidity on major DEXs and seamless wallet support. What Paxos did to enable the launch. To support the launch, Paxos upgraded its PAXG token contracts on Ethereum to support omnichain functionality across both EVM and non-EVM networks. The upgraded contracts preserve full compliance controls, supply verification for attestations, and auditability. They are open-source and independently audited by Zellic. On Solana, PAXG is implemented using the Token-2022 standard, the same extended token program used for Paxos' PYUSD and USDG stablecoins. This allows native compliance features at the token level, including a permanent delegate extension to maintain regulatory standards equivalent to the Ethereum version. Existing Ethereum PAXG holders can bridge their tokens directly through the Paxos platform or via LayerZero Stargate without needing to sell or re-custody their assets. No new attestations are required. What it brings to users. * Zero custody fees - Unlike gold ETFs that charge 10-40 basis points annually. * Instant on-chain settlement - Compared to T+1 or T+2 for conventional markets. * Physical redeemability - Holders can redeem for LBMA Good Delivery bars (minimum 430 PAXG), unallocated gold, or USD. * Full transparency - Monthly attestations, bar-serial tracking via Paxos' Gold Allocation Lookup tool, and no minimum investment thresholds or accredited investor requirements. Every PAXG token is created only after physical gold is purchased and vaulted, ensuring 1:1 backing at all times. Expanding crypto offerings. Earlier this month, Paxos partnered with House of Doge, the corporate arm of the Dogecoin Foundation, to integrate Dogecoin (DOGE) into its regulated brokerage and custody infrastructure. The collaboration builds on Paxos' recent multi-chain expansion, including today's launch of tokenized gold PAXG on Solana, strengthening its position as a leading provider of compliant digital asset solutions. The integration will allow enterprise clients to offer DOGE alongside Bitcoin, Ethereum, and tokenized assets like PAXG and PYUSD. Institutional adoption remains key. While Paxos' launch of PAXG on Solana expands access to regulated tokenized real-world assets, challenges remain. Tokenized gold products face risks including gold price volatility, potential regulatory tightening, smart contract vulnerabilities, and competition from other tokenized asset providers. Bridging between chains also introduces technical and custody complexities. The product's long-term adoption will likely depend on institutional demand and the evolution of regulatory frameworks for digital assets. Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions. Sharmistha Suman is a Crypto Journalist at The Crypto Times, based in Bhopal, Madhya Pradesh. She covers Bitcoin and Ethereum price action, Indian crypto regulation, and emerging Web3 protocols, with a particular focus on how Indian retail and institutional investors participate in the global digital asset market. She joined The Crypto Times in April 2026. Sharmistha has been writing on cryptocurrency and blockchain since 2022. Before joining The Crypto Times, she contributed to The News Crypto and Todayq, and produced independent research on Indian crypto adoption, the country's evolving regulatory framework, and the developer ecosystems building on Ethereum and Solana. She holds a Master's degree in Digital Journalism and a Bachelor's degree in Journalism and Creative Writing, both from Makhanlal Chaturvedi National University of Journalism and Communication in Bhopal. Shubham Soni is the Editor at The Crypto Times, based in Ujjain, Madhya Pradesh. He oversees the editorial desk, reviewing daily news coverage of cryptocurrency markets, US and Indian regulation, institutional adoption, the Solana ecosystem, AI agents, and Real World Assets (RWAs). All policy and markets coverage at The Crypto Times passes through his desk before publication. Before joining The Crypto Times in October 2025, Shubham managed news desks at Sportskeeda and Opoyi, covering global politics, sports, and entertainment for high-volume newsrooms serving the US and Indian markets. His four years in fast-paced newsrooms shaped his approach to fact-checking, source verification, and structural editing on complex stories. Shubham holds a Master's degree in Journalism from Makhanlal Chaturvedi National University of Journalism and Communication (Bhopal) and a Bachelor's degree in Journalism from Amity University Rajasthan.