TechFlow, September 4 — According to CoinGeek, as gold prices hit record highs, the total market cap of tokenized gold briefly surpassed $2.5 billion. The market is currently dominated by Paxos' PAXG and Tether's XAUT, with PAXG reaching a market cap of $985 million and XAUT at $859 million.
In August, XAUT saw $437 million in new issuance, while PAXG attracted $141.5 million in inflows in June. The GENIUS Act passed in the U.S. this year provides a legal pathway for such token issuers, further accelerating the growth of the tokenized gold market. Tokenized gold allows investors to gain exposure without physically holding the metal, offering advantages such as seamless trading and divisible ownership enabled by blockchain technology.
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