Tokenized Commodities Market Surpasses $6 Billion as Gold-Backed Tokens Drive Growth
The market capitalization of tokenized commodities has crossed $6.126 billion, fueled by surging demand for gold-backed digital assets. Ethereum dominates with $5.933 billion in tokenized commodity value, while Arbitrum One and BNB Chain trail at $98.112 million and $26.87 million respectively.
Tether's XAUT and Paxos' PAXG lead the charge, commanding $3.57 billion and $2.31 billion market caps. The sector now represents nearly 2% of the total $328.156 billion tokenized asset market, signaling growing institutional interest in blockchain-based commodity exposure.