Tokenized Precious Metals Market Surpasses $1 Billion

According to Odaily, the market for tokenized precious metals has exceeded the $1 billion mark. Key contributors to this growth include Tether's XAUT, whose market value increased from $384 million to $491 million, making it one of the primary driving forces. Meanwhile, Paxos' PAXG remains the largest product in this sector. Global financial institutions like HSBC are not only offering tokenized gold to retail investors but are also supporting technological advancements. These advancements include the development of post-quantum cryptography for tokenized gold. Additionally, further experiments are underway, led by gold NFTs and stablecoins backed by tokenized gold.