Tokenized Gold Market Surpasses $2.5B

Tokenized gold has reached an all-time market cap of $2.57 billion, reflecting rising demand for blockchain-based access to the safe-haven asset as gold prices approach record highs.

CoinGecko data shows Tether’s XAUT surged by $437 million to hit $1.3 billion in supply, with 129,000 new tokens minted on Ethereum in early August. Paxos’ PAXG, another gold-backed token, swelled to $983 million after attracting $141.5 million in inflows since June, per DefiLlama.

Both XAUT and PAXG are backed by physical gold bars stored in vaults, offering crypto investors secure exposure to the precious metal without leaving the blockchain ecosystem.

The rise underscores gold’s enduring appeal during economic uncertainty and rising U.S. Treasury yields. For many investors, tokenized gold bridges traditional and digital markets, providing instant settlement, divisibility, and cross-border utility.

With inflows accelerating, tokenized gold is now cementing its position as one of the fastest-growing segments of the crypto market.

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