Data: The market value of tokenized precious metals has surpassed $1 billion, with PAXG still holding a dominant position

ChainCatcher news, RWA.xyz posted on X that the tokenized precious metals market has surpassed the $1 billion mark, among which:

• Tether's XAUT market cap rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos' PAXG remains the largest product.
• Global financial institutions like HSBC are not only providing tokenized gold to retail investors but also supporting technological advancements, including the development of post-quantum cryptography for tokenized gold.
• Further experiments are underway, led by gold NFTs and tokenized gold supporting stablecoins.