The worth of tokenized gold has exploded over the previous few months, each resulting from adoption and rising macroeconomic dangers.
abstract
- Tokenized gold reaches an all-time excessive of $3.6 billion
- Tether’s XAUT and PAX Gold dominate the tokenized gold market
- The worth of gold on blockchain will rise 50x from 2021 onwards
- Macroeconomic uncertainty will increase the enchantment of tokenized gold
Curiosity in tokenized gold is rising as financial uncertainty drives up the worth of gold. On Wednesday, November 12, the worth of tokenized gold reached an all-time excessive of $3.6 billion, in accordance with knowledge from Token Terminal. Furthermore, this quantity is 50 occasions greater than in 2021.
The provision of tokenized items (gold) has reached an all-time excessive of roughly $3.6 billion, rising roughly 50 occasions for the reason that starting of 2021. pic.twitter.com/MFFtVcM6Vu
— Token Terminal 📊 (@tokenterminal) November 12, 2025
The most important tokenized valuable metallic asset is Tether Gold (XAUT), with a market capitalization of $1.58 billion. In second place is PAX Gold, valued at $1.39 billion. Collectively these property dominate the market, with different gamers accounting for a small portion of the market share.
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Macro uncertainty drives demand for tokenized gold
Curiosity in tokenized gold comes from each the adoption of tokenized property and the rising demand for investing in valuable metals. Traditionally, gold has risen when different property resembling shares, bonds, and cryptocurrencies have fallen. Due to this fact, merchants maintain gold to hedge in opposition to systemic dangers in world markets.
Particularly, world commerce disruptions, authorities debt, and inflation considerations have elevated macroeconomic uncertainty and led traders to hunt protected havens. Particularly, gold reached an all-time excessive of $4,381 in October 2025 because the commerce struggle between the US and China intensified.
Nonetheless, tokenized gold makes up a small portion of the general gold market. Present estimates place the world’s above-ground gold reserves at 216,265 tonnes. At present costs, these reserves are price $29,153 billion, far exceeding the cryptocurrency’s market capitalization of $3.54 trillion.
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