The value of tokenized gold on the Ethereum network has grown constantly and already reaches 2.3 billion dollars. This increase reflects a growing confidence in digital assets supported by physical gold, which simplify access to a global, liquid and constant demand market.
Tokenization eliminates barriers for small investors, allowing investing in gold without the costs or complexities of storing ingots or depending on intermediaries.
Tether Gold (Xaut) and Paxos Gold (PAXG) lead this market, offering a digital route to invest in a historically bullish asset, as can be seen in the following Terminal Token chart.
Paxg dominates with a capitalization of 986 million dollars, followed by Xaut with 861 million dollars, occupying positions 77 and 86 in the cryptoactive ranking for market capitalization, as will be seen below.
Its circulating supplies differ, with 281,720 units for PAXG and 246,520 for Xaut. Like stablecoins, Both maintain their value anchored at the price of an ounce of goldwhich guarantees stability against the volatility of other cryptocurrencies.
In addition, tokenized gold is consolidated as a key category in the real world asset industry (RWA). As indicated by cryptopedia, cryptootic educational section, RWA are tokens that represent tangible assets, such as gold, properties or raw materials, as well as intangibles, such as bonds, patents or copyright.
The popularity of Paxg and Xaut responds to its ease of use in digital transactions, since they can be transferred globally in minutes without expensive intermediaries. This accessibility has positioned tokenized gold as an attractive option to diversify portfoliosespecially in a context of global economic uncertainty.
As the infrastructure of cryptocurrencies evolves, the RWA market is expected to be tokenized, to continue expanding, attracting both individual and institutional investors.