Token products blow past $6B in gold adoption
The tokenized commodity market surged 53 percent to $6.1 billion in less than six weeks, marking the fastest growth in the real-world asset token market as more gold moves off-chain.
The market of tokenized products was valued at just over $ 4 billion at the beginning of the year, which means that around $ 2 billion has been added to the market value since January 1, according to information on the crypto analytics platform Token Terminal.
The data shows that the tokenized commodity market is dominated by gold commodities.
Stablecoin issuer Tether's gold-backed token Tether Gold (XAUt) was the biggest contributor to the surge, with its market capitalization up 51.6% to $3.6 billion in the past month, while Paxos-backed PAX Gold (PAXG) rose 33.2% to $2.3 billion over the same period.
Tokenized commodities have now increased 360% year-on-year, with an increase from the beginning of 2026 in tokenized shares and tokenized fund markets of 42% and 3.6%, respectively.
It also makes the tokenized commodity market more than a third of the $17.2 billion revenue market. It's bigger than the stock's valuation of $538 million.
Tether expanded its tokenized commodities strategy on Thursday with a $150 million acquisition of precious metals platform Gold.com, to expand access to gold.
Tether said that the XAUt token will be integrated with the Gold.com platform and that it is exploring options to allow customers to buy gold with the USDt (USDT) stablecoin.
Gold will pick up the pace as Bitcoin sticks below $70,000
The surge in gold prices comes after gold prices rose more than 80% in the past year, setting a new all-time high of $5,600 on January 29.
A minor pullback earlier this month saw gold rally to $4,700, but by the time of writing, it had rallied to $5,050.
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Meanwhile, Bitcoin (BTC) and the crypto market since October 10, the crypto market crash has triggered $19 billion in outflows.
Bitcoin fell 52.4% from $126,080 in early October to $60,000 on Friday, but has since rebounded to $69,050, according to CoinGecko data.
Bitcoin's decline amid the rise of traditional safe-haven assets has led some industry analysts, such as Strike CEO Jack Mallers, to speculate that bitcoin, despite its strong financial attributes, is still viewed as a software stock.
Crypto asset manager Grayscale has similarly challenged Bitcoin's long-term narrative as “digital gold”, saying its recent price action is more akin to a high-risk growth asset rather than a traditional safe-haven.
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