Tokenized gold market capitalization surpasses $6 billion: Tether and Paxos lead the digital gold investment surge

XAUT0,01%
PAXG0,02%

February 13 News: Despite recent significant fluctuations in physical gold prices, the tokenized gold market continues to show strong growth, with a total market capitalization surpassing $6 billion. According to Dune data, since the beginning of the year, the market cap of tokenized gold has increased by over $2 billion, currently reaching $6.12 billion, with more than 1.2 million ounces of physical gold locked in, indicating sustained investor demand for blockchain-backed gold tokens.

Tether Gold (XAUT) remains the leading market cap, reaching $3.5 billion, accounting for more than half of the total tokenized gold market. Tether CEO Paolo Ardoino stated that the company plans to increase its gold allocation to 10% to 15% of its overall portfolio and to add 27 metric tons of gold in Q4 2025 to accelerate its gold accumulation strategy. Tether also made a strategic investment of approximately $150 million in precious metals platform Gold.com, acquiring a 12% stake, and plans to integrate XAUT into its platform to expand access to gold through both digital and traditional channels. Additionally, Tether launched the Scudo measurement unit, with each unit representing 1/1000 of an XAUT.

Paxos-issued PAX Gold (PAXG) has a market cap of $2.3 billion, growing 33.2% in the past month, ranking second in the tokenized gold market. XAUT and PAXG together account for most trading volume, driving overall ecosystem activity.

It is noteworthy that gold prices recently hit record highs before experiencing fluctuations. On January 29, gold reached a high of $5,602 per ounce, then fell to a low of $4,402 on February 2. The current price is approximately $4,967 per ounce, up 1.21% in the past 24 hours. Despite short-term volatility in gold prices, the tokenized gold market continues to grow, demonstrating that investor confidence in digital gold remains strong.

This market cap breakthrough reflects a new trend of combining digital assets with traditional hard assets. Companies like Tether and Paxos are reshaping the global gold investment ecosystem through tokenization and innovative channels, providing investors with 24/7, highly liquid digital gold opportunities.

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