Tokenized commodities market cap hits $5.55B as gold tokens drive 89% of growth
- —Tokenized commodities market cap: $1.43B in January 2025 vs $5.55B in March 2026
- —XAUT and PAXG contributed $3.67B of the $4.12B increase, or 89.1%
- —Paxos Labs launched PAXGy on Sept. 24, lending gold to institutional borrowers
- —PAXGy yield is reflected in the exchange rate with PAXG, not in token count
Why it matters: Gold tokenization is becoming the largest RWA segment, while metal-lending products add borrower risk on top of price exposure.
Source: TokenPost