Tokenized Gold Market Surpasses $4.2 Billion Amid Strong Growth

According to BlockBeats, data from Coingecko indicates that the total market capitalization of tokenized gold assets has exceeded $4.2 billion, marking a growth of approximately 147% over the past six months. Tether's XAUT and Paxos' PAXG are leading the market, with XAUT's market cap around $2.24 billion and PAXG's approximately $1.5 billion, together accounting for about 89% of the market share. Each XAUT and PAXG token is backed by a 1:1 reserve of physical gold. Market data shows that spot gold has increased by about 1.1% within the day, currently priced at $4,326.5 per ounce. At the beginning of 2025, spot gold was valued at $2,624 per ounce, reflecting a nearly 65% increase over the year. Morgan Stanley recently analyzed that with ongoing expectations of interest rate cuts and a weakening U.S. dollar index, gold prices are projected to rise to $4,800 per ounce by the fourth quarter of 2026.