Crypto trading firm Wintermute has started offering tokenized gold trading to institutional investors. Tokenized gold is real gold represented as digital tokens on the blockchain. These tokens can be traded anytime, unlike traditional gold markets that have fixed hours.
Wintermute will allow trading of popular gold-backed tokens such as Pax Gold (PAXG) and Tether Gold (XAUT). The company believes more investors want to have exposure in Gold with the facility of faster settlements and 24/7 access.
The market for tokenized gold has grown quickly. In recent months, its total value has risen sharply and trading volumes have also swollen. Wintermute predicts that the tokenized gold market will reach $15 billion by 2026 if institutional demand continued to rise.
As crypto markets remain volatile, investors in large numbers are turning to gold as a safer asset. By putting gold on the blockchain, companies hope to combine traditional safety with modern digital efficiency.
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