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Tokenized Gold Spot Volume Reaches $90.7 Billion in Q1 2026

According to CoinGecko (crypto market data provider), quarterly spot trading in tokenized gold has already exceeded the sector’s full-year 2025 total, with PAX Gold and Tether Gold remaining the leading products.

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Fact Check
The $90.7 billion Q1 2026 tokenized gold spot volume figure is consistently reported across multiple independent outlets including crypto.news, Yahoo Finance (two separate articles), Bitget, CrowdFund Insider, and Wu Blockchain, all citing CoinGecko's 2026 RWA Report as the primary source. The full-year 2025 comparison figure of $84.6 billion is also consistently cited. PAX Gold (PAXG) and Tether Gold (XAUT) are uniformly identified as the leading products. The only minor caveat is that the CoinGecko report's direct URL returned a 404 at time of checking, preventing direct primary-source verification; however, the breadth and consistency of corroboration across credible outlets published between April 30 and May 11, 2026 strongly supports the claim's accuracy.
Summary

CoinGecko data shows that tokenized gold products recorded $90.7 billion in spot trading volume in the first quarter of 2026, surpassing the sector’s entire 2025 total of $84.6 billion. The figures indicate sharply increased trading activity in blockchain-based gold exposure, where tokens are designed to track physical gold prices on-chain. The market remains concentrated in PAX Gold and Tether Gold, the two products identified in the source as the sector’s dominant issuers.

Terms & Concepts
  • Tokenized gold: A blockchain-based digital asset designed to represent exposure to physical gold, allowing users to trade gold-linked value on crypto markets.
  • Spot trading volume: The total value of assets bought and sold for immediate settlement, rather than through derivatives or future contracts.
  • On-chain: Activity recorded on a blockchain network, where transactions and ownership data are stored and verified digitally.