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Tokenized Gold Market Cap Surpasses $6 Billion – Tether and Paxos Lead

The sector has grown by over $2 billion year-to-date, with XAUT and PAXG controlling nearly 97% of the market.

PAXG
XAUT

Summary

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Terms & Concepts
  • Tokenized Gold: Digital assets that represent ownership of physical gold stored in vaults, allowing the commodity to be traded on a blockchain.
  • Paxos Gold (PAXG): A regulated digital token backed by physical gold allocated in London vaults, issued by Paxos Trust Company.