The market capitalization of tokenized gold has surpassed $4 billion, with Tether Gold (XAUt) accounting for approximately 50%.

Market data shows that the market capitalization of tokenized gold has surpassed $4 billion, nearly tripling from approximately $1.3 billion at the beginning of 2025. Tether Gold (XAUt) ranks first with a market capitalization of approximately $2.2 billion, accounting for about 50% of the market, while Paxos Gold (PAXG) ranks second with approximately $1.5 billion. Together, they account for nearly 90% of the tokenized gold market share. (The Block)