Data: The total market value of tokenized gold has exceeded 4.2 billion USD, with XAUT and PAXG accounting for approximately 89% market share

According to Coingecko data, the total market capitalization of tokenized gold assets has surpassed $4.2 billion, growing approximately 147% in the past six months. Among them, Tether's XAUT has a total market capitalization of about $2.24 billion, and Paxos' PAXG has a total market capitalization of about $1.5 billion, together accounting for approximately 89% of the market share.

Each XAUT and PAXG token is backed by 1:1 physical gold reserves. According to market data, the spot gold price has increased by about 1.1% today, currently reported at $4,326.5 per ounce, with spot gold expected to reach $2,624 per ounce by early 2025, marking an annual increase of nearly 65%. Morgan Stanley recently analyzed that as interest rate cut expectations continue and the dollar index weakens, it predicts that gold prices will rise to $4,800 per ounce by the fourth quarter of 2026.