Tokenized Gold Market Surges 177% as RWA Growth Accelerates in 2025

Tokenized gold was one of the fastest-growing crypto asset classes in 2025, contributing approximately 25% of the total net growth in Real-World Assets (RWAs). The market capitalization for tokenized gold surged by 177% over the year, expanding from $1.6 billion to $4.4 billion, adding nearly $2.8 billion in net value. This growth rate significantly outpaced physical gold and most spot gold ETFs. Trading volume for tokenized gold reached about $178 billion in 2025, making it the second-largest gold investment product globally by volume, trailing only SPDR Gold Shares. Tether Gold (XAUT) dominated this volume, accounting for 75% in Q4. This expansion suggests a structural shift toward on-chain liquidity for gold trading. The broader rally in gold prices was fueled by macro uncertainty, including concerns over Federal Reserve independence and expectations of rate cuts following a weaker CPI report.

(Source：Cointelegraph)