Tokenized gold tops $2.5B in value! – Why investors are buying in

Key Takeaways

Tokenized gold surged to a record $2.59 billion market cap, fueled by rising spot prices. With $2.3 billion supply on Ethereum, it’s rapidly becoming the bridge between traditional assets and the on-chain economy.

Gold isn’t just glittering in vaults!

Tokenized gold has hit a record $2.59 billion in total value, a sign that investors are warming up to digital wrappers of real-world assets.

With physical gold prices going closer to an ATH, it seemed like traders have been looking for quicker, easier ways to get exposure without dealing with the hassle of bars and bullion.

Tokenized gold hits $2.5 bln market cap

At press time, tokenized gold’s market cap stood at $2.59 billion, with 24-hour trading volumes nearing $494 million.

Source: CoinGecko

Leading the pack are Tether Gold [XAUT] and PAX Gold [PAXG], which together account for more than $2.3 billion worth of supply on Ethereum [ETH].

Source: X

Both tokens mirrored gold’s surge, with XAUT trading around $3,475 (+3.5% in the past month) and PAXG at $3,494 (+4.0%). UGold Inc. also gained, rising 1.5% to $3,660.