February 11 News, the tokenized commodities market has increased by 53% in less than six weeks, with a market capitalization surpassing $6.1 billion, making it the fastest-growing vertical in the real-world asset tokenization market. This surge is mainly driven by more gold being onboarded.
According to data from the crypto analytics platform Token Terminal, at the beginning of this year, the market capitalization of tokenized commodities was slightly above $4 billion, meaning an increase of about $2 billion in just over a month. The market is primarily composed of gold products, with Tether’s gold-backed token Tether Gold (XAUt) growing 51.6% over the past month to a market cap of $3.6 billion; Paxos’s PAX Gold (PAXG) increased 33.2% during the same period to a market cap of $2.3 billion.
The tokenized commodities market has grown 360% year-over-year, outpacing the tokenized stock market (42%) and the tokenized fund market (3.6%). Its scale is close to one-third of the $17.2 billion tokenized fund market and far exceeds the $538 million market cap of tokenized stocks.
On Thursday, Tether acquired a $150 million stake in the precious metals platform Gold.com, further expanding its tokenized gold strategy. The plan is to integrate the XAUt token into the Gold.com platform and explore options for allowing customers to purchase physical gold with USDT.
While the price of tokenized gold has risen, spot gold prices have increased over 80% in the past year, reaching a record high of $5,600 on January 29. Earlier this month, prices slightly retreated to around $4,700 but have since rebounded to $5,050 as of press time. In contrast, Bitcoin has been sluggish since October last year, falling 52.4% from its high of $126,080, dropping to about $60,000 last Friday, but then rebounding to $69,050.
Industry commentators note that although Bitcoin exhibits characteristics of a hard currency, its recent trend resembles a high-risk growth asset rather than a traditional safe haven. Jack Mallers, CEO of Strike, and Grayscale both believe that Bitcoin’s positioning as “digital gold” is being tested by the market.
Overall, the enthusiasm for tokenized gold highlights market preferences for safe-haven assets and reflects a trend among investors to rebalance their portfolios between traditional precious metals and crypto assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Blockchain.com enters the Ghanaian market: Africa's crypto adoption accelerates, with stablecoins and cross-border payments experiencing continuous growth
Blockchain.com officially enters the Ghanaian market, further consolidating its presence in Africa. As digital assets become more popular, the platform has accelerated infrastructure development and localized product deployment following rapid growth in Nigeria, demonstrating strong demand for crypto trading and stablecoin payments.
GateNews12m ago
Goldman Sachs Maintains "Overweight" Rating on Chinese Stocks, MSCI China Index Down 5% Year-to-Date
Goldman Sachs Chief China Equity Strategist Liu Jinjin believes that despite market volatility, the "overweight" rating on the Chinese stock market remains unchanged. He points out that Middle Eastern geopolitical issues, energy prices, and artificial intelligence technology are the main factors influencing investor sentiment. The risk-reward ratio of A-shares is higher, and investors are advised to focus on structural themes to achieve excess returns.
GateNews16m ago
Yesterday, the US Ethereum spot ETF experienced a net outflow of $51.26 million.
Gate News Report, March 10 — According to crypto analyst Trader T's monitoring, yesterday (March 9), the US Ethereum spot ETF experienced a net outflow of $51.26 million. Among them, BlackRock's ETHA had a net outflow of $55.08 million; Fidelity's FETH had a net inflow of $16.22 million; 21Shares' TETH had a net inflow of $1.01 million; Grayscale's ETHE had a net outflow of $13.41 million.
GateNews17m ago
Rotation signals appear! Gold ETF experiences record outflows, Bitcoin ETF funds turn positive
The largest gold ETF in the US, GLD, recently set a record with $3 billion in single-day outflows, causing gold prices to decline and indicating a trend of investors taking profits. At the same time, capital inflows into Bitcoin ETFs have significantly rebounded, reflecting a clear capital flow divergence between these two asset classes. Analysts predict that as geopolitical and economic conditions change, Bitcoin may outperform gold in the next two to three years.
MarketWhisper21m ago
Bitcoin rises 4.3% to $69,100, US spot BTC ETF inflows increase to $934 million
Gate News reports that on March 10th, on-chain analytics firm Glassnode's monitoring data showed that Bitcoin rose 4.3% to approximately $69,100. Open interest in futures contracts increased, and there was positive buying in the perpetual contract market. In the United States, spot Bitcoin ETF inflows increased to about $934 million, a 20% rise from the previous week. The data also indicates that current trading volume and network activity remain sluggish, and capital flows are weak.
GateNews1h ago
Gate Daily (March 10): Bhutanese government transfers 175 Bitcoins; MicroStrategy adds 17,994 BTC on dips
Bitcoin has recently rebounded strongly, with a price of approximately $68,990. The Bhutan government has transferred another 175 Bitcoins, MicroStrategy has increased its holdings by nearly 18,000 coins, reaching a total of 738,731 coins. Trump stated that the US-Iran conflict will end quickly, oil prices rose less than expected, and overall market sentiment has improved.
MarketWhisper1h ago
