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Tokenized Gold Market Tops $6.1 Billion as Tether and Paxos Lead

High bullion prices are pulling investors toward gold-backed tokens with 24/7 on-chain access.

Overview

  • The tokenized commodities sector expanded about 53% in under six weeks to roughly $6.1 billion, the fastest growth among tokenized real‑world assets.
  • Tether Gold (XAU₮) sits near $3.6 billion and Paxos’s PAXG around $2.3 billion, together representing the vast majority of the category.
  • Tether purchased a $150 million stake in Gold.com to integrate XAU₮ on the platform and explore USDT payments for physical bullion.
  • Gold prices have surged over the past year, including a reported record of $5,600 on January 29, supporting demand for tokenized bullion products.
  • Each token represents one fine troy ounce in LBMA‑compliant vaults, enabling fractional, always‑on trading, while audits, custody proofs, and clear redemption and regulatory rules remain priorities for wider adoption.