Odaily Planet Daily report: Crypto market maker Wintermute has officially launched its OTC desk offering tokenized gold trading services for institutional clients, supporting the two gold-backed tokens Pax Gold (PAXG) and Tether Gold (XAUT), marking the company’s official entry into the tokenized commodities market.
Wintermute stated that it will provide institutional investors with exposure to gold trading settled on blockchain through an algorithmically optimized spot execution service. Company CEO Evgeny Gaevoy expects the tokenized gold market to expand to $15 billion by 2026, approximately 2.8 times its current size, as institutional demand grows.
Data shows that in the fourth quarter of 2025, tokenized gold trading volume surpassed that of the five major gold ETFs for the first time, reaching a total of $126 billion. During the same period, the on-chain market capitalization of gold increased by over 80% in three months, rising from approximately $2.99 billion to $5.4 billion, reflecting growing market demand for 24/7 liquidity and instant settlement.