Gold, silver all-time highs drive market cap surge in tokenized metals

Gold (GC=F) and silver's (SI=F) monster rally to all-time highs is spilling over into the digital asset world. As bullion topped $4,600 per troy ounce on Tuesday, the combined value of the leading tokenized gold tokens has surged to a record, topping $4 billion today, up from roughly $1 billion in January 2025. Leading tokens in the sector include Tether's XAUT (XAUT-USD), Pax gold (PAXG-USD), and Matrixdock gold (XAUM-USD). Tokenized gold leverages blockchain technology, with issuers guaranteeing that ...