Tokenized Gold Spot Volume Hits $90.7 Billion in First Quarter, Surpassing 2025 Total
Summary
- First-quarter spot trading volume for tokenized gold reached $90.7 billion this year, already surpassing last year's full-year total of $84.6 billion.
- Paxos Gold (PAXG) and Tether Gold (XAUT) are leading the tokenized gold market.
- Gold prices have stayed strong and interest in tokenized gold products is rising amid geopolitical risks in the Middle East, uncertainty over global monetary policy and dollar volatility.
Forecast Trend Report by Period
Tokenized gold spot trading volume surpassed last year's full-year total in the first quarter alone.
Wu Blockchain, citing CoinGecko data, said tokenized gold spot volume reached $90.7 billion in the first quarter. That was already above the $84.6 billion recorded for all of last year.
The market is currently dominated by Paxos Gold (PAXG) and Tether Gold (XAUT).
Tokenized gold is a blockchain-based digital asset linked to the price of physical gold. Issuers typically hold a set amount of physical gold and issue corresponding tokens backed by those reserves.
The increase in trading volume comes as gold prices have remained strong amid geopolitical risks in the Middle East, uncertainty over global monetary policy and volatility in the dollar.
Interest in tokenized gold products is also rising among crypto investors, as they can be traded around the clock and integrated into the decentralized finance, or DeFi, ecosystem, unlike traditional gold ETFs.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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