Tokenized Gold Market Cap Hits $5 Billion Milestone

The market capitalization of the tokenized gold sector has surpassed $5 billion, reaching $5,186,960,481, according to Coingecko. This milestone marks a new all-time high, with a 1.2% increase in the past 24 hours. Tether Gold (XAUT) leads the sector with a market cap of approximately $2.6 billion, followed by PAX Gold (PAXG) at about $2 billion. Tokenized gold represents physical gold in digital form on blockchain platforms, with each token backed by an equivalent amount of physical gold held in custody.