Tokenized gold is gaining momentum: XAUT and PAXG together control approximately 89% of the global market

ForkTongue · 2026-01-12T09:30:42+00:00

The market capitalization of tokenized gold assets has reached $4.2 billion, reflecting a 147% growth in demand. Tether Gold and PAX Gold dominate the market, controlling 89%. Gold prices have risen significantly, with forecasts suggesting further increases by 2026.

ForkTongue

2026-01-12 09:30:42

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According to the latest data from CoinGecko, the market capitalization of the tokenized gold assets sector has reached $4.2 billion. Over the past six months, this segment has demonstrated rapid growth of 147%, indicating increasing investor demand for alternative forms of gold storage.

Market leadership is shared by two main players. Tether Gold (XAUT) holds the position of the largest representative with a market value of $2.39 billion, while PAX Gold (PAXG) from Paxos ranks second with $1.76 billion. Together, these two tokens control approximately 89% of the entire market, demonstrating a high level of concentration and investor trust in these platforms. Both tokens are backed by physical gold in a 1:1 ratio, ensuring their reliability.

Activity in the gold markets has noticeably intensified. Spot gold increased by 1.1% over the past day, trading at $4,326.5 per ounce. Even more impressive are the results for the entire period: since the beginning of 2025, gold has risen from $2,624 to $4,326.5, representing an increase of about 65%. This dynamic indicates sustained interest in this asset as a store of value.

Influential analytical centers are making optimistic forecasts. Morgan Stanley, in its latest research, predicts further strengthening of gold to $4,800 per ounce by the end of 2026, based on expectations of changes in monetary and credit policy and a weakening of the US dollar’s position in global markets.

XAUT-0,07%

PAXG-0,09%

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