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Just noticed: The tokenized gold sector has surpassed the $5 billion mark. The current market capitalization is approximately $5.2 billion — a new record. Interestingly, Tether Gold (XAUT) dominates with around $2.65 billion, while PAX Gold (PAXG) follows closely behind with $2.3 billion.
The two top players account for almost the entire market volume. XAUT is slightly down (minus 0.81% in 24h), but the overall segment seems to continue growing. What fascinates me: each of these tokens is backed 1:1 by real gold stored in custody.
This shows how traditional assets like gold are now migrating into the blockchain world. The market capitalization of gold tokens is likely to continue rising as more investors discover this digital form.