RWA.xyz published an article on X that the tokenized precious metals market size has exceeded the $1 billion mark, of which:
-Tether's XAUT market value rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos' PAXG remains the largest product.
-Global financial institutions such as HSBC not only provide tokenized gold to retail investors, but also support technological advances, including the development of post-quantum cryptography for tokenized gold.
-Further experiments are underway, led by gold NFTs and tokenized gold-backed stablecoins.