Tokenized Commodities Near $4B, as Gold Extends All-Time Rally
Summary
Blockchain-based tokenized commodities are nearing a $4 billion valuation, driven by record highs in gold, silver, and platinum prices. As of Friday, tokenized commodities reached $3.93 billion, marking an 11% rise that month. Tether Gold (XAUt) and Paxos Gold (PAXG) are the largest components. Tokenized commodities, part of the broader Real-World Asset (RWA) sector, allow for on-chain trading outside traditional market hours, though pricing remains linked to legacy infrastructure. Standard Chartered projects the tokenized RWA sector (excluding stablecoins) to reach $2 trillion by 2028. Ethereum dominates RWA tokenization, holding a 65% market share, though overall tokenization activity still represents a small fraction of total on-chain usage compared to stablecoins.
(Source:Cointelegraph)