Tokenized Commodities Reach $6.1 Billion: Gold Surge
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Contents
The tokenized commodities market has grown by 53% in the last six weeks to reach 6.1 billion dollars, becoming the fastest-growing sector in real-world asset tokenization. It was worth 4 billion dollars at the beginning of the year, and according to Token Terminal data, it experienced a 2 billion dollar increase. The market is dominated by gold products; Tether Gold (XAUt) market cap increased by 51.6% in the last month to 3.6 billion dollars, while PAX Gold (PAXG) rose by 33.2% to 2.3 billion dollars.
Change in market cap for tokenized commodities since 2018. Source: Token Terminal
Why Did Tokenized Commodities Increase by 53%?
Annually, with a 360% increase, it is smaller than the tokenized funds market (17.2 billion dollars) but larger than tokenized stocks (538 million dollars). Tether expanded its tokenized commodity strategy by acquiring a 150 million dollar stake in the precious metals platform Gold.com. XAUt will be integrated into Gold.com, and options for physical gold purchases with USDt (USDT) are being explored. This development parallels the gold spot price rising 80% over the past year, breaking a record of 5,600 dollars on January 29, and currently reaching 5,050 dollars.
Top five largest tokenized commodities by market cap. Source: Token Terminal
BTC Price Lagging Behind Gold: ETF Flows
Bitcoin (BTC) is at 67,547 dollars, trading below 70,000 dollars with a -2.71% drop in 24 hours. RSI at 30.60 signals oversold, while the downtrend continues. Despite this, BTC ETFs saw 144.9 million dollars in net inflows on February 9. Click for detailed BTC analysis. Goldman Sachs's 1.1 billion dollar BTC holding supports the market.
- Supports: S1: 65.415$ (Strong, 71% score)
- S2: 60.000$ (Strong, 71% score)
- Resistances: R1: 70.080$ (Strong, 78% score)
- R2: 73.707$ (Strong, 68% score)
Tokenized Gold Products: XAUT and PAXG Dominance
XAUT and PAXG make up 95% of tokenized commodities. The gold rally reflects inflation fears.
Frequently Asked Questions About Tokenized Commodities
What is XAUt and why did it rise? Tether Gold, a stablecoin backed by physical gold; leader with 51.6% increase.
Is PAXG outperforming BTC? Yes, the gold rally overshadows BTC's downtrend.
What is the future of tokenization? Growth will accelerate with Tether's Gold.com move. Here for BTC futures.