For the first time since 2023, tokenized gold trading has surpassed the $1 billion mark. This surge coincides with market uncertainty stemming from U.S. President Donald Trump’s new import tariffs, leading investors to seek safer assets. Following Trump’s announcement on January 20, 2023, the volume of tokenized gold saw a dramatic increase, exceeding 900% for Paxos Gold (PAXG), over 300% for Tether Gold (XAUT), and an astonishing rise of 83,000% for Kinesis Gold (KAU). This marks a significant return to the $1 billion trading mark seen after the U.S. banking crisis in 2023. This time around, investors are turning to tokenized gold as a safe haven, similar to how they reacted during the financial crisis.