Gold is the oldest settlement technology still running; tokenization is the newest rail for it. A tokenized ounce is a claim on allocated metal that nonetheless moves like a crypto asset - sent in seconds, held in your own wallet, divisible to a satoshi of a gram.
U.CASH carries the three liquid forms: PAXG and XAUt for gold, Kinesis KAG for silver. This guide covers what backs them, how the peg to the spot price works, and the practical moves: buying, holding, sending, and paying with metal.
Every step, in order.
PAXG tracks one fine troy ounce of allocated gold per token; XAUt does the same from a different issuer; Kinesis KAG tracks silver. Each asset page states the issuer, the chain, and the redemption terms - the three facts that matter.
Buy metal the way you buy any token: swap from an asset you hold, at the quoted route with the all-in fee shown. The token settles to your wallet; there is no vault visit, no minimum, no dealer spread.
The token is your position: hold it in the same wallet as your other assets, send it, or split it into fractional amounts. The metal sits allocated in the issuer's vaults; the token is the title.
Because it is a token, metal moves like one: pay an invoice that accepts it, send grams across the world in a transfer, or use it as the settlement leg where the counterparty wants metal exposure.
Swap back to any asset, or redeem with the issuer per their terms - PAXG and XAUt both publish theirs. The on-chain exit is the fast one; the physical exit is the issuer's process, and the page says so.
The peg to spot is not magic; it is arbitrage. If the token trades under the ounce's value, buyers of last resort appear who can redeem for metal (or trust someone who will); over it, and minters issue new tokens against new metal until the premium dies. The same mechanism that keeps a stablecoin at a dollar keeps PAXG at an ounce, with the vault audit playing the reserve role. What differs from a stablecoin is what the reserve is: a physical commodity with its own storage costs, its own audit cadence, and - historically - its own regime risks. Issuer disclosure is therefore the whole game: who holds the metal, where, how often it is checked, and what redemption actually requires. U.CASH's asset pages carry those facts per form; read them before treating a token as an ounce rather than a bet on one. And keep the taxonomy straight: gold and silver tokens are commodity pegs, listed in their own families on the peg rankings, not stablecoins - they hedge a portfolio, not an invoice.
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