Tokenized Gold Market Exceeds ¥825 Billion as PAXG and XAUT Gain Strength

Digital gold tokens PAX Gold (PAXG) and Tether Gold (XAUT) have shown solid performance, driving the market past the ¥825 billion mark.

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Summary

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Terms & Concepts
  • Tokenized Gold: A digital asset representing ownership of physical gold, recorded on a blockchain for secure and transparent trading.
  • PAX Gold (PAXG): A blockchain-based token issued by Paxos that each represents one fine troy ounce of London Good Delivery gold.
  • Tether Gold (XAUT): A cryptocurrency token backed by physical gold held in Swiss vaults, issued by Tether.