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Tokenized Gold Market Hits Record $2.88 Billion as Investors Flock to XAUT and PAXG
Tokenized Gold Market Hits Record $2.88 Billion as Investors Flock to XAUT and PAXG
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BTCCSquare news:
The tokenized gold market capitalization surged to an all-time high of $2.88 billion on September 29, driven by spot gold prices exceeding $3,800 per ounce. Tether Gold (XAUT) and PAX Gold (PAXG) dominated the sector, with combined monthly trading volumes surpassing $6.4 billion.
PAXG attracted $40 million in net inflows during September, reaching a record market cap of $1.12 billion. Gold's 47% year-to-date performance outpaced Bitcoin's 22% gain, fueled by Federal Reserve rate cut expectations and macroeconomic uncertainty.
The rally underscores growing institutional interest in blockchain-based commodities. Both XAUT and PAXG saw unprecedented trading activity, reflecting demand for gold exposure through digital assets.
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