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
Tokenized goods surpass $6 billion! The gold on-chain trend exceeds stocks and funds RWA
The tokenized commodity market has increased by 53% in six weeks, reaching $6.1 billion, as gold transfer onto the blockchain makes it the fastest-growing vertical in the real-world asset tokenization market. By early 2026, the tokenized commodity market is valued at just over $4 billion, with gold products dominating the market. Tether Gold and PAX Gold listed by Paxos account for over 95% of the share, with growth outpacing tokenized stocks and funds.
MarketWhisper21m ago
Bitcoin ETF capital inflow slows down, with the main reason being the narrowing of the basis
Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.
GateNewsBot47m ago
Non-Farm Payrolls Preview: January Expected to Surprise with Only 70,000 Jobs Added, Wages Cool Down Sparks Rate Cut Expectations
The U.S. Bureau of Labor Statistics will release the delayed January non-farm payroll data later on Wednesday evening. Investors expect an increase of 70,000 jobs in January, following a gain of 50,000 in December. The unemployment rate is expected to remain unchanged at 4.4%, and the year-over-year growth rate of average hourly earnings is forecasted to slow from 3.8% to 3.6%. TD Securities analysts are more cautious, predicting only a 45,000 increase in employment for January.
MarketWhisper52m ago
BlackRock IBIT options surpass 7.33 million contracts, exceeding gold! Bitcoin's attracting power outperforms traditional hedging
BlackRock Bitcoin ETF (IBIT) options trading volume surges, becoming the ninth-largest options trading platform in the U.S. As of February 10, there are 7.33 million IBIT contracts active or open interest, ranking ninth among options linked to U.S. listed stocks, ETFs, and indices. The open interest of options linked to the SPDR Gold ETF is 6.44 million contracts, lower than IBIT.
MarketWhisper59m ago
Bitcoin drops below $67,000 as hawkish Federal Reserve expectations pressure the crypto market
On February 11, news reports indicate that influenced by the shift towards a hawkish outlook in the US macroeconomic prospects, Bitcoin and mainstream cryptocurrencies collectively weakened in early Wednesday trading. Data shows that Bitcoin's price fell below $67,000, declining about 3% in the past 24 hours to around $66,800; Ethereum also retreated to approximately $1,960. Major coins like XRP and BNB each dropped more than 4%, with market risk appetite significantly cooling.
Analysts point out that the core driver of this correction is the re-pricing of expectations regarding US monetary policy. Andri Fauzan Adziima, Head of Research at Bitrue, stated that after Kevin Warsh was nominated as Federal Reserve Chair, the market generally believes that future policies will be more tightening, and the liquidity environment may continue to tighten, with less room for rate cuts. This expectation directly weakened the willingness to allocate assets to high-risk investments.
GateNewsBot1h ago
Bank of Malaysia tests stablecoin in 2026! Standard Chartered and Maybank explore linking the Ringgit to the blockchain
The Central Bank of Malaysia (BNM) announced that it will test the practical applications of Ringgit stablecoins and tokenized deposits in 2026, evaluating their impact on monetary and financial stability. The Digital Asset Innovation Hub (DAIH) has launched three initiatives: Standard Chartered Bank and Capital A are exploring inter-company stablecoin settlements, Malayan Banking and CIMB are testing tokenized deposit payments. The tests will cover domestic and cross-border payment scenarios, with some use cases considering Islamic law.
MarketWhisper1h ago
