Tokenized Gold Soars Amidst Market Turmoil

Despite the volatile conditions of risky asset markets, tokenized gold has demonstrated remarkable resilience and performance. The market capitalization of gold-backed tokens surged to nearly $2 billion in the past 24 hours, reflecting the surge in physical gold prices nearing record highs. This growth is attributed to factors like increased trading volume, low transaction costs, and instantaneous liquidity offered by these tokens.