Tokenized Gold Market Approaches $3B as Prices Hit Record Highs
Gold's relentless rally surged to unprecedented levels, breaching $3,800 per ounce as year-to-date gains NEAR 47%. The momentum has cascaded into blockchain-based gold tokens, now commanding a combined market capitalization of $2.88 billion.
Tether Gold (XAUT) and Paxos' PAXG dominate the sector, with market caps reaching $1.43 billion and $1.12 billion respectively. Both tokens saw record trading volumes exceeding $3 billion in September, fueled by institutional inflows and metal price appreciation.
The tokenized Gold market shows no signs of slowing as macroeconomic conditions favor haven assets. Investors increasingly anticipate Federal Reserve rate cuts, creating fertile ground for further expansion of blockchain-based precious metal exposure.
