Crypto market maker Wintermute announced the official launch of its OTC trading platform for tokenized gold trading services targeting institutional clients. The platform supports two gold-pegged tokens, Pax Gold (PAXG) and Tether Gold (XAUT), marking the company's formal entry into the tokenized commodities market. Wintermute stated that it will provide institutional investors with blockchain-settled gold trading exposure through algorithmically optimized spot execution services. CEO Evgeny Gaevoy predicts that the tokenized gold market will expand to $15 billion by 2026, approximately 2.8 times its current size, driven by growing institutional demand. Data shows that in the fourth quarter of 2025, tokenized gold trading volume surpassed the five major gold ETFs for the first time, reaching a total trading volume of $126 billion. During the same period, the on-chain gold market capitalization grew by over 80% in three months, from approximately $2.99 billion to $5.4 billion, reflecting the rising market demand for 24/7 liquidity and instant settlement.