As spot gold rises, the tokenized gold market size once reached $2.5 billion

Jinse Finance reported, citing Coingeek, that the recent rise in gold prices once pushed the tokenized gold market size to over $2.5 billion. Currently, the tokenized gold market is mainly dominated by XAUT under Tether and PAXG under Paxos. In August alone, XAUT saw an additional issuance of approximately $437 million, while PAXG attracted about $141.5 million in funds in June. As of now, PAXG's total market capitalization has reached $985 million, ranking first, followed by XAUT with a market cap of about $859 million. Tokenized gold allows investors to gain exposure to physical gold without the need to purchase, transport, or store the physical asset.