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Tokenized Gold Market Surpasses $2.5 Billion
BlockBeats News, September 4th, according to Coingeek, the crazy surge in the price of gold has once driven the size of the tokenized gold market to exceed 2.5 billion U.S. dollars. Tokenized gold allows investors to gain exposure to physical gold without buying, transporting, and storing the physical asset.
Currently, the tokenized gold market is mainly dominated by Tether's XAUT and Paxos's PAXG. In August alone, XAUT issued new tokens worth approximately 437 million U.S. dollars, while PAXG attracted around 141.5 million U.S. dollars in June.
As of now, the total market value of PAXG has reached 985 million U.S. dollars, ranking first, followed by XAUT with a market value of approximately 859 million U.S. 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 consider the performance of their corresponding tokenized markets.
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