Tokenized Gold Market Cap Surpasses $4.2 Billion, with XAUT and PAXG Holding Approximately 89% Market Share

BlockBeats News, December 17th, according to Coingecko data, the total market capitalization of tokenized gold assets has exceeded 4.2 billion US dollars, with a growth of approximately 147% in the past six months. Tether's XAUT has a total market value of approximately 2.24 billion US dollars, while Paxos's PAXG has a total market value of approximately 1.5 billion US dollars, with the two accounting for approximately 89% of the market share. Each XAUT and PAXG token is backed by a 1:1 physical reserve of gold.

According to market data, the intraday increase in spot gold is approximately 1.1%, currently at 4326.5 US dollars per ounce. At the beginning of 2025, spot gold was at 2624 US dollars per ounce, marking an increase of nearly 65% during the year. A recent analysis by Morgan Stanley stated that with continued rate cut expectations and a resurgence in the weakening of the US dollar index, the price of gold is predicted to rise to $4800 per ounce by the fourth quarter of 2026.