Tokenized Gold Market Surpasses $2.5 Billion

On September 4th, according to Coingeek, the extremely rapid increase in the price of gold has once pushed the size of the tokenized gold market to surpass 2.5 billion US dollars. Tokenized gold enables investors to gain exposure to physical gold without the need to purchase, transport, and store the physical asset. Currently, the tokenized gold market is mainly led by Tether's XAUT and Paxos's PAXG. In August alone, XAUT issued new tokens with a value of approximately 437 million US dollars, while PAXG attracted around 141.5 million US dollars in June. As of now, the total market value of PAXG has reached 985 million US dollars and ranks first. XAUT follows with a market value of approximately 859 million US dollars. This trend not only highlights the wave of asset tokenization but also indicates that in the future, when discussing the gold market (or even other precious metals or assets), we must increasingly take into account the performance of their corresponding tokenized markets.