ChainCatcher reports that a16z crypto stated that the current tokenized commodities market is almost entirely dominated by gold. Citing data from rwa.xyz, it noted that as of May 7, 2026, the on-chain value of tokenized gold has reached approximately $5 billion, accounting for the vast majority of market share. In comparison, tokenized silver amounts to only about $28.1 million, tokenized gold ETFs (iShares Gold Trust) total approximately $14.1 million, and all other commodity categories combined amount to roughly $2.95 million. a16z highlighted that gold possesses characteristics such as global liquidity, standardization, and a long history of paper-based trading, making it naturally suited for tokenization. Products like Tether Gold (XAUt) and Pax Gold (PAXG) essentially map ownership of physically stored gold to on-chain wallets. It also noted that, aside from gold, tokenized assets such as oil, agricultural products, energy, and computing power remain in very early stages with relatively limited market share.
Tokenized gold market surpasses $5 billion, dominating the commodities sector
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Summary
Crypto market data from ChainCatcher shows the tokenized gold market reached $5 billion as of May 7, 2026, accounting for the majority of the tokenized commodities sector. Tokenized silver stands at $28.1 million, gold ETFs at $14.1 million, and other tokenized commodities at $2.95 million. a16z Crypto notes that gold’s liquidity and standardization make it ideal for tokenization. Tether Gold (XAUt) and Pax Gold (PAXG) link physical gold to on-chain wallets. Tokenized oil, agriculture, and energy remain in early stages. This crypto market update highlights gold’s leading position in the tokenized commodities space.
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