Gold Prices Top $4,000 as Tokenized Assets See Record DEX Volumes
With spot gold prices breaking $4,250, the tokenized gold market hits a new record, with XAUT and PAXG leading the surge in market cap and trading volume.
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Fact Check
Multiple sources from early October 2025 corroborate both claims. The Economic Times and TradingView confirm gold prices reached or surpassed $4,000. Concurrently, TradingView reports that trading volume for gold-backed tokens 'spiked to $640 million,' and ChainCatcher highlights the DEX trading volume of these specific assets, supporting the claim of high, likely record, volumes.
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Summary
Spot gold prices surpassed $4,250 per ounce, driving the tokenized gold market capitalization to a record $3.28 billion. XAUT’s market cap approached $1.6 billion, while PAXG surpassed $1.3 billion, reflecting a 2.1% daily increase, as per CoinGecko data. The surge highlights continued institutional and crypto investor interest in tokenized gold assets.
Terms & Concepts
- Tokenized Gold: Digital representations of physical gold, allowing blockchain-based trading and investment without direct ownership of the metal.
- PAXG: Paxos Gold (PAXG) is a blockchain-based token issued by Paxos Trust Company, backed 1:1 by physical gold stored in vaults.
- XAUT: Tether Gold (XAUT) is a tokenized asset representing ownership of physical gold held in secure vaults, enabling digital transfers of gold value.