Tokenized Gold Market Cap Surpasses $5 Billion, Hits New All-Time High

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According to the latest data from Coingecko, as the price of gold continues to rise, the total market capitalization of the tokenized gold sector has now exceeded $5 billion, currently reaching $5,186,960,481, setting a new historical high. This represents a 1.2% increase over the past 24 hours. Among them, Tether Gold (XAUT) has a market capitalization of approximately $2.6 billion, while PAX Gold (PAXG) has a market capitalization of about $2 billion. Tokenized gold refers to physical gold represented in digital form on blockchain platforms, with each token backed by an equivalent amount of physical gold held in custody by the issuing entity.

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