The total market capitalization of tokenized gold has exceeded $4.2 billion.

According to Coingecko data, the total market capitalization of tokenized gold assets has surpassed $4.2 billion, representing a growth of approximately 147% in the past six months. Tether's XAUT has a market capitalization of approximately $2.24 billion, and Paxos' PAXG has a market capitalization of approximately $1.5 billion, together accounting for about 89% of the market share. Each XAUT and PAXG token is backed 1:1 by physical gold reserves.