On-Chain Gold Breaks $3B Barrier, Proving Digital Demand for Precious Metals
Reading Time: < 1 minute
The market for tokenized real-world assets (RWAs) has a new champion: gold. The collective market cap of gold-pegged cryptocurrencies has officially surpassed $3 billion, a significant milestone for the asset class.
Tokens such as PAX Gold and Tether Gold, which are each backed by and trade in lockstep with physical bullion, saw a 2.5% surge as spot gold prices briefly crested at an unprecedented $4,007 per ounce.
This record underscores growing institutional and retail comfort with holding commodity exposure on the blockchain. The sector’s $640 million in daily trading volume confirms robust liquidity, establishing tokenized gold as a major segment within the broader digital asset ecosystem.
Follow and like us on
