On September 4, according to Coingeek, the crazy rise in gold prices has pushed the tokenization gold market size to surpass $2.5 billion. Tokenization of gold allows investors to gain exposure to physical gold without buying, transporting, and storing the actual asset. Currently, the tokenization gold market is primarily dominated by Tether's XAUT and Paxos' PAXG. In August alone, XAUT saw an issuance increase of about $437 million, while PAXG attracted approximately $141.5 million in June. As of now, PAXG's total market capitalization has reached $985 million, ranking first, followed by XAUT with a market capitalization of about $859 million. This trend not only highlights the wave of asset tokenization but also signifies that future discussions about the gold market (as well as other precious metals or assets) must increasingly take into account the performance of their tokenized counterparts.
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The tokenization of the gold market has exceeded $2.5 billion.
On September 4, according to Coingeek, the crazy rise in gold prices has pushed the tokenization gold market size to surpass $2.5 billion. Tokenization of gold allows investors to gain exposure to physical gold without buying, transporting, and storing the actual asset. Currently, the tokenization gold market is primarily dominated by Tether's XAUT and Paxos' PAXG. In August alone, XAUT saw an issuance increase of about $437 million, while PAXG attracted approximately $141.5 million in June. As of now, PAXG's total market capitalization has reached $985 million, ranking first, followed by XAUT with a market capitalization of about $859 million. This trend not only highlights the wave of asset tokenization but also signifies that future discussions about the gold market (as well as other precious metals or assets) must increasingly take into account the performance of their tokenized counterparts.