Jupiter integrates PAX Gold on Solana via Sunrise DeFi, bringing regulated gold token to new chain
PAX Gold, the gold-backed token issued by Paxos, is now tradeable on Jupiter, Solana’s dominant DEX aggregator. The integration was made possible through Sunrise DeFi, a liquidity gateway built by Wormhole Labs that handles the messy plumbing of onboarding new assets to Solana.
PAXG is the first gold token regulated by the Office of the Comptroller of the Currency to land on Solana.
How Sunrise makes it work
Instead of forcing each new asset to negotiate with individual DEXes, liquidity providers, and block explorers one at a time, Sunrise bundles the entire onboarding process into a single pipeline. The result is day-one trading access the moment an asset goes live.
A token like PAXG doesn’t have to sit in limbo for weeks while liquidity slowly materializes across fragmented venues. Sunrise pre-coordinates with Jupiter and other infrastructure partners, including the Solana block explorer Orb, so that trading and price discovery can happen immediately.
The platform has already tested this playbook with other assets. Bittensor’s TAO token was recently onboarded through the same process, suggesting that Sunrise is building a repeatable framework rather than a one-off integration.
Why gold on Solana matters
PAXG is one of the more straightforward tokenized assets in crypto. Each token is backed by one fine troy ounce of London Good Delivery gold, held in Brinks vaults. Paxos, the issuer, operates under a New York State trust charter and is regulated by the OCC, which makes PAXG one of the few gold tokens with a clear regulatory pedigree.
Solana’s transaction fees are measured in fractions of a cent, and block times hover around 400 milliseconds.
What this means for investors
Solana DeFi users can now trade a regulated gold token without bridging to Ethereum, paying Ethereum gas fees, or dealing with the latency of a slower network.
For Jupiter specifically, each new asset integration adds trading volume and fee revenue. Jupiter already dominates Solana’s DEX aggregation layer, and the Sunrise partnership effectively turns it into the default landing pad for cross-chain assets entering the ecosystem.
Wormhole, the bridge protocol behind Sunrise, suffered a high-profile exploit in 2022 that drained hundreds of millions of dollars. The team has overhauled its security since then, but the history is worth noting for anyone allocating significant capital through this pathway.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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