Tokenized Gold Market Cap Hits $3 Billion, Exceeding Physical Gold’s Record

The tokenized gold market saw a significant milestone this week, with its combined market capitalization surpassing $3 billion. This surge follows the brief but noteworthy breach of $4,000 per ounce for physical gold, driven by increased investor demand for safe-haven assets amidst the ongoing US government shutdown. The recent gains have been fueled by popular tokenized gold platforms like PAX Gold and Tether Gold, which are closely tied to spot gold prices.