Bitfinex Report: Tokenized Commodity Market Cap Surpasses $7 Billion, Stablecoin Infrastructure Upgrades Accelerate

Odaily reported that Bitfinex released a report indicating that tokenized commodities are transitioning from early-stage experiments to practical applications, becoming a significant manifestation of real-world assets (RWA) being restructured on the blockchain. The core is not about creating new demand but rather reshaping existing market infrastructure.

Data shows that the total market capitalization of tokenized commodities has reached approximately $7 billion, growing nearly 600% since the beginning of 2025. Current major participants include crypto-native investors and high-net-worth individuals. Against the backdrop of intensifying geopolitical volatility, tokenization is enhancing asset liquidity and the flexibility of risk management.

Gold remains the primary entry point, with Tether Gold holding nearly 40% of the market share. The report points out that on-chain gold possesses characteristics such as real-time transferability and global auditability, making it more suitable as collateral compared to physical gold. It can also break through traditional trading hours and settlement limitations.

Beyond gold, tokenized commodities have expanded into areas such as oil, natural gas, and agricultural products. The scale for soybeans and soybean oil is approximately $400 million each, with green finance-related exposure around $850 million, demonstrating the model's potential for cross-category expansion. Simultaneously, the traceability of blockchain enhances supply chain transparency, meeting regulatory and ESG requirements.

Bitfinex believes that the future focus of tokenization will shift from precious metals to industrial commodities like copper and oil. By improving collateral efficiency, asset circulation speed, and transparency, the transition will move from "product innovation" to "market infrastructure upgrade."