GoTyme Bank is bringing gold to your smartphone.
The bank, backed by the Gokongwei family, announced on Tuesday that customers can now invest in PAX Gold (PAXG), a cryptocurrency backed by physical gold, through the crypto section of its app, giving customers a new way to invest in the precious metal digitally.
With PAXG, investors can hold gold in tokenized form, combining the stability of physical gold with the flexibility of digital assets.
The move reflects growing demand for innovative investment options that merge traditional value stores with modern technology.
GoTyme Bank advises that digital gold and crypto assets are not deposits and are not insured.
