Wintermute Expands Institutional Services with Tokenized Gold Trading
Wintermute has launched over-the-counter trading for Pax Gold (PAXG), responding to surging institutional demand for blockchain-based commodities. The crypto market maker now provides algorithmic spot execution for gold-backed tokens, with settlement options in USDT, USDC, major cryptocurrencies, and fiat currencies.
Tokenized gold volumes hit $126 billion in Q4 2025, outpacing several traditional gold products. The market is projected to reach $15 billion by 2026 as digital asset infrastructure matures. Wintermute's expansion into Tether Gold support further bolsters liquidity in this growing sector.
The MOVE comes as tokenized commodities demonstrate resilience during broader market downturns. Institutions increasingly favor blockchain rails for physical gold exposure, combining the efficiency of crypto settlement with the stability of hard assets.
