Tokenized Gold Assets Hit Record $2.88B Market Cap Amid Gold’s Historic Rally

Gold's relentless surge continues to rewrite record books, with spot prices smashing through $3,800 per ounce to set new all-time highs. The 47% year-to-date rally has spilled over into blockchain markets, where tokenized Gold products now command a $2.88 billion market capitalization—their highest level ever recorded.

Tether Gold (XAUT) and Paxos' PAXG dominate the sector, boasting market caps of $1.43 billion and $1.12 billion respectively. Trading activity mirrors the frenzy in physical markets, with PAXG recording $3.2 billion in monthly turnover and XAUT close behind at $3.25 billion. Notably, XAUT's growth came entirely from gold price appreciation rather than new token issuance.

The tokenized gold boom reflects deepening institutional interest in blockchain-based exposure to traditional safe-haven assets. These digital instruments combine gold's stability with cryptocurrency markets' 24/7 liquidity—a value proposition gaining traction as macroeconomic uncertainty persists.