Tokenized Gold Hits Record Market Cap of $2.57B
The market for tokenized gold has reached new all-time highs, crossing $2.57 billion in market cap, as spot gold itself approaches its April peak. The rally shows renewed demand for gold-backed crypto tokens as investors seek safe haven assets amid global uncertainty.

In brief
- The market cap of tokenized gold hit a record $2.57 billion, led by inflows into Tether’s XAUT and Paxos’ PAXG.
- XAUT supply jumped by $437 million after Tether minted 129,000 new tokens on Ethereum, while PAXG swelled by $141.5 million since June.
- Gold prices, nearing $3,470 and close to April’s peak, have fueled demand for safe haven, blockchain-backed assets.
XAUT and PAXG lead the charge
The two largest gold-backed tokens, Tether ’s XAUT and Paxos’ PAXG, drove the growth. Tether minted 129,000 new XAUT tokens in early August on Ethereum, adding $437 million to its supply and pushing its market size to a record $1.3 billion .
Meanwhile, Paxos’ PAXG token swelled to $983 million, boosted by $141.5 million in net inflows since June. That growth reflects rising investor appetite for physically backed digital assets that track the price of gold while benefiting from blockchain’s liquidity and accessibility.
Tokenized gold’s price momentum
Gold itself is trading around $3,470, just shy of its April 22 peak, buoyed by macroeconomic conditions. Analysts point to the steepening U.S. Treasury yield curve and heightened market volatility as catalysts pushing investors back into safe haven assets.
This environment has created a feedback loop: as traditional gold prices rise, demand for tokenized versions grows, expanding their market share in the crypto ecosystem.
Tokenized assets go mainstream
The surge proves the broader narrative of real-world assets coming on-chain. Tokenized gold provides a bridge between traditional commodities and DeFi, offering investors both the reassurance of physical backing and the flexibility of blockchain-native assets. With XAUT and PAXG collectively controlling over 90% of the tokenized gold market, their continued growth suggests gold-backed tokens are carving out a permanent niche in the digital asset landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Avalanche, Toyota Blockchain Lab move on autonomous robotaxi infrastructure
Share link:In this post: Avalanche and Toyota Blockchain Lab unveil research on a new blockchain layer to boost trust and mobility. Investors can raise their funds and track their robotaxis via the blockchain. The VehicleOwnership token is a simple ERC-721 token representing a vehicle’s ownership right.

Ukraine’s central bank rejects crypto reserve option
Share link:In this post: • National Bank of Ukraine has no plans to add crypto assets to its reserves. • The move may undermine Ukraine’s integration with the EU, deputy governor says. • Digital asset reserves would go against IMF requirements as well, the NBU official warns.
Metaplanet’s board approves $3.8 billion for Bitcoin purchases
Share link:In this post: Metaplanet Inc. has secured shareholder approval for a proposal that will enable it to raise as much as $3.8 billion via preferred shares. Metaplanet has recorded a 468% yield in the second quarter of 2025 and a treasury of 18,113 BTC. Over 170 businesses around the world now have Bitcoin on their books, worth a total of over $111 billion.
Delphi Digital: What Can History Teach Us About How Interest Rate Cuts Affect Bitcoin's Short-Term Price Movements?
The article analyzes bitcoin's historical performance during Federal Reserve rate cut cycles, noting that it typically rises before rate cuts but falls back after the cuts are implemented. However, in 2024, this pattern was disrupted due to structural buying and political factors. The trend in September 2025 will depend on bitcoin's price performance before the rate cuts. Summary generated by Mars AI. The accuracy and completeness of this summary are still undergoing iterative updates.

Trending news
MoreCrypto prices
More








