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.
You may also like

On-chain finance: On-chain IPOs and on-chain ICOs, a new frontier in the trillion-dollar market

Rented Belief: How Much of the Bitcoin ETF Fund Flow is Real Money

The two giants are racing in "credit": loan balances of 9.9 billion vs 14.6 billion USD, Brazil has become the main battlefield

A company that was on the verge of bankruptcy has just surpassed Bitcoin in market value

B.AI partners with MiniMax to launch a limited-time free experience of M3, enabling zero-threshold implementation of Agentic productivity through full-stack infrastructure

The second half of the computing power battle: Intel CEO Pat Gelsinger reveals how AI is reshaping the global semiconductor supply chain

WEEX Live mode: Monitor 20 trading pairs at once and trade like a pro

Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week

Kalshi's biggest competitor is not Polymarket

WEEX Makes Affiliate Access Easier on the Web and in the App

Customize Your Spot Trading Page: Drag Modules and Move the Order Panel Where You Want It

Perp DEX: The Next Generation Exchange "War"

10 Counterintuitive Insights on Latin American Payments

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya

The impossible triangle is simply a pseudo problem

