February 11 News, the tokenized commodities market has increased by 53% in less than six weeks, with a market capitalization surpassing $6.1 billion, making it the fastest-growing vertical in the real-world asset tokenization market. This surge is mainly driven by more gold being onboarded.
According to data from the crypto analytics platform Token Terminal, at the beginning of this year, the market capitalization of tokenized commodities was slightly above $4 billion, meaning an increase of about $2 billion in just over a month. The market is primarily composed of gold products, with Tether’s gold-backed token Tether Gold (XAUt) growing 51.6% over the past month to a market cap of $3.6 billion; Paxos’s PAX Gold (PAXG) increased 33.2% during the same period to a market cap of $2.3 billion.
The tokenized commodities market has grown 360% year-over-year, outpacing the tokenized stock market (42%) and the tokenized fund market (3.6%). Its scale is close to one-third of the $17.2 billion tokenized fund market and far exceeds the $538 million market cap of tokenized stocks.
On Thursday, Tether acquired a $150 million stake in the precious metals platform Gold.com, further expanding its tokenized gold strategy. The plan is to integrate the XAUt token into the Gold.com platform and explore options for allowing customers to purchase physical gold with USDT.
While the price of tokenized gold has risen, spot gold prices have increased over 80% in the past year, reaching a record high of $5,600 on January 29. Earlier this month, prices slightly retreated to around $4,700 but have since rebounded to $5,050 as of press time. In contrast, Bitcoin has been sluggish since October last year, falling 52.4% from its high of $126,080, dropping to about $60,000 last Friday, but then rebounding to $69,050.
Industry commentators note that although Bitcoin exhibits characteristics of a hard currency, its recent trend resembles a high-risk growth asset rather than a traditional safe haven. Jack Mallers, CEO of Strike, and Grayscale both believe that Bitcoin’s positioning as “digital gold” is being tested by the market.
Overall, the enthusiasm for tokenized gold highlights market preferences for safe-haven assets and reflects a trend among investors to rebalance their portfolios between traditional precious metals and crypto assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
World Gold Council: Central Banks in each country net purchased 19 tons of gold in February; China has increased its holdings for the 16th consecutive month
A World Gold Council report shows that in February 2026, central banks net bought 19 tons of gold, up from January but below the 2025 average. Some central banks have continued to accumulate gold; China has increased its holdings for 16 months. Goldman Sachs and UBS predict that the gold price could rise to $5,400 and $5,900, respectively, in the future.
GateNews1h ago
Digital Assets ETP Landscape: Past, Present and Future
Digital asset ETPs saw a peak of over $250B, ending 2025 with $184B AUM, mainly driven by Bitcoin products. The market is evolving, with over 125 new filings indicating a trend toward diversified asset offerings.
CoinDesk2h ago
John Tsang Mao-po: This year, Hong Kong’s IPO fundraising exceeded HK$103 billion, ranking first globally
Hong Kong Special Administrative Region Government Financial Secretary Paul Chan said that in March, the average daily trading value of the Hong Kong stock market exceeded HK$300 billion, up 8% year over year. This year, funds raised through IPOs have already exceeded HK$103 billion, the world’s No. 1, and companies collectively view Hong Kong as an important window for financing and for “going global.”
GateNews3h ago
Bitcoin ETFs 'will be larger' than gold ETFs: Analyst
Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.
“There are just more use cases of why somebody would put a Bitcoin ETF in a p
Cointelegraph7h ago
Data: Within two months after a major shock, Bitcoin’s performance has broadly outperformed gold and the S&P 500 index
Gate News message, April 5, according to data, within the two months after major global shock events, Bitcoin generally performed better than gold and the S&P 500 index (a U.S. stock market benchmark index). In specific data, after the Trump administration announced large-scale tariff measures in April 2025, Bitcoin rose 24% in the following 60 days, gold rose 8%, and the S&P 500 rose 4%. In early March 2020, when the COVID-19 pandemic broke out, Bitcoin also rose 21%, outperforming gold and the S&P 500 index.
GateNews11h ago
Crypto Market Displays Mixed Signals As Fear Persists
The crypto market shows mixed signals with a 0.34% market cap increase to $2.3T, while trading volume fell by 16.99%. Bitcoin rose by 0.50% to $66,896.80, and Ethereum dropped by 0.18% to $2,053.15. Key gainers include PEPE, TRUMP IP, and TRUMP MOG, which saw significant price increases. DeFi TVL decreased by 0.35%, and NFT sales volume fell by 5.18%. Notably, Drift Protocol experienced a 40% loss after a breach, and Charles Schwab plans Bitcoin and Ethereum spot trading in 2026.
BlockChainReporter20h ago
