Tokenized gold market size exceeds US$2.5 billion

According to Mars Finance, on September 4, according to Coingeek, the crazy rise in gold prices once pushed the tokenized gold market to exceed US$2.5 billion. Tokenized gold allows investors to gain exposure to physical gold without purchasing, transporting and storing physical assets. Currently, the tokenized gold market is mainly dominated by XAUT, a subsidiary of Tether, and PAXG, a subsidiary of Paxos. In August alone, XAUT issued about $437 million in new issuance, while PAXG attracted about $141.5 million in June. As of now, PAXG's total market value has reached US$985 million, ranking first, followed by XAUT, with a market value of approximately US$859 million. This trend not only highlights the wave of asset tokenization, but also means that when discussing the gold market (or even other precious metals or assets), the performance of its tokenization corresponding market must be increasingly considered in the future.
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