Tokenized gold volume hits $1B first time since 2023 US banking crisis

Tokenized gold trading volume surged to a two-year high this week, topping $1 billion as investors pivoted toward safe-haven assets amid global uncertainty triggered by US President Donald Trump’s import tariffs. The weekly trading volume of tokenized gold surpassed the $1 billion mark for the first time since March 2023, when a US banking crisis saw the sudden collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Signature Bank was also forced to close operations by New York regulators on March 12, two days after Silvergate’s liquidation. Tokenized gold has experienced a significant surge in trading interest since early February, when global trade war fears started spreading to digital markets, according to a CEX source: https://cointelegraph.com/news/tokenized-gold-hits-1-b-high-first-2023-us-banking-crisis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound