11 April | Gold

Tokenized gold market capitalization nears $2 billion

Tokenized gold market capitalization nears $2 billion

Since Donald Trump's inauguration, tokenized gold has emerged as one of the fastest-growing sectors in crypto, with its market capitalization rising 21%, according to a CEX.IO report. By comparison, bitcoin fell 19% and the overall cryptocurrency market declined 26% during the same period.

Amid geopolitical risks and tariff instability, demand for gold-backed digital assets has surged. On Wednesday, their total market capitalization reached nearly $2 billion with weekly trading volume exceeding $1 billion, the highest since March 2023.

The increase in activity coincided with physical gold prices reaching a historic high above $3,200 per ounce on Friday. The two largest tokens Paxos Gold (PAXG) and Tether Gold (XAUT) saw trading volumes jump over 900% and 300%, respectively.

As Alexander Kerya, CEX.IO's Vice President of Product Management, notes, tokenized precious metals have become a crucial diversification tool in the crypto ecosystem. He explains they combine physical assets' stability with digital solutions' flexibility, making gold investments more accessible.

Elena Dorokhina MarketCheese
Period: 20.06.2025 Expectation: 100 pips
Sell SPX until it hits 5,970
Today at 07:54 AM
Period: 20.06.2025 Expectation: 600 pips
AUDCAD declines on monetary policy divergence
06 June 2025 49
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 13.06.2025 Expectation: 1500 pips
GBPUSD to continue updating 3-year highs
06 June 2025 75
Period: 18.06.2025 Expectation: 350 pips
Buying natural gas with target at 4.000 on expected increase in cooling demand
05 June 2025 95
Period: 11.06.2025 Expectation: 15000 pips
ETHUSD breaking out of 2,460–2,750 range to mark new phase of growth
05 June 2025 101
Period: 12.06.2025 Expectation: 2400 pips
USDJPY to decline to 140.650
05 June 2025 70
Go to forecasts