According to Coingeek, the recent rise in the price of gold once pushed the size of the tokenized gold market beyond $2.50 billion.
Currently, the tokenized gold market is dominated by XAUT, owned by TETHer, and PAXG, owned by Paxos. In August alone, XAUT issued around $437 million, while PAXG attracted around $141.50 million in June.
As of now, PAXG's total market cap has reached $985 million, ranking first, followed by XAUT with a market cap of about $859 million. Tokenized gold allows investors to gain exposure to physical gold without buying, transporting, and storing physical assets.
As spot gold rose, the tokenized gold market reached $2.50 billion at one point
2025-09-04 03:59:58
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