CoinFound Gold RWA Market Weekly Report: Reviewing key insights from the cryptocurrency-related stock segment over the past week.Article author, source: CoinFound

I. Market Overview
- This week, the total market capitalization of gold RWA increased by 4.04% compared to last week, a significant weekly gain that demonstrates the market rally was not solely driven by rising physical gold prices, but also by genuine new capital minting additional gold tokens on-chain—particularly XAUT, whose 3.85% market cap growth was the primary driver. XAUT and PGOLD accounted for the majority of this growth momentum, while older or niche tokens such as TXAU and WTGOLD showed minimal fluctuations, indicating that liquidity is increasingly concentrating toward leading compliant products and higher-volatility assets.
II. News Recap
- Bitfinex report: Tokenized commodities market cap surpasses $7 billion as stablecoin infrastructure upgrades accelerate deployment.
- Franklin Templeton partners deeply with Ondo Finance to launch five tokenized ETFs
- Circle (USYC) market share surpasses BlackRock's BUIDL fund
- U.S. regulators (Fed/OCC/FDIC) issue revised RWA rules for banks
III. Summary
- This week, gold tokenized products, such as PAXG and its derivatives within the Ondo/Franklin systems, demonstrated strong resistance to volatility. Tether Gold (XAUT) further solidified its position as the "on-chain gold standard," with its market cap growth signaling continued institutional capital inflow. Meanwhile, despite a price rebound, PAXG’s flat market cap growth suggests it may be facing competitive pressure from emerging protocols; both institutional and retail investors are no longer satisfied with merely "holding" on-chain gold, but are actively using it as high-quality collateral in lending, liquidity mining, and various derivative protocols.(Source: CoinFound)
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