RT Token Terminal 📊 (@tokenterminal)Tokenized commodities are coming onchain.There's ~$3.5 billion worth tokenized gold onchain today, up from ~$1.2 billion in January '25. https://t.co/wmr7rQAjTV ...

Tokenized commodities are coming onchain.There's ~$3.5 billion worth tokenized gold onchain today, up from ~$1.2 billion in January '25. https://t.co/wmr7rQAjTV ...

Core Insights - The rise of gold prices to all-time highs has increased interest in tokenized gold as a means for investors to engage in the "debasement trade" through blockchain technology [1] - Tether's gold tokens (XAUT) experienced a significant market cap increase from $1.44 billion to nearly $2.1 billion, reflecting a 60% jump in value as gold prices surged [2] - Tokenized gold currently represents about 1% of the real-world asset market, with a market cap of approximately $3 billion, compared to stablecoins backed by the US dollar, which have a market cap of around $300 billion [3] Industry Trends - Tokenized gold offers an alternative method for holding gold in a digital wallet, allowing for 24/7 trading and peer-to-peer transferability, as noted by WisdomTree's head of digital assets [4] - The ability to use tokenized gold as collateral for loans is highlighted as a compelling feature, especially in the context of US dollar debasement [5] - Both gold and bitcoin are viewed as complementary assets that serve as hedges against inflation in a climate of extensive money printing [6] Market Dynamics - The tokenization of assets has gained traction in the US, supported by new legislation that has spurred the growth of stablecoins [7] - Industry leaders, including Robinhood's CEO and BlackRock's CEO, emphasize the unstoppable momentum of tokenization and its potential to revolutionize investing [8]

Core Viewpoint - A debate is emerging between Peter Schiff, a gold advocate and Bitcoin critic, and Changpeng "CZ" Zhao, co-founder of Binance, regarding the merits of Bitcoin versus tokenized gold as a form of money [1][2]. Group 1: Debate Context - Schiff has publicly invited CZ to discuss which asset better fulfills the traditional economic functions of money, including being a medium of exchange, a unit of account, and a store of value [1]. - CZ has expressed willingness to engage in the debate, acknowledging Schiff's professional approach despite their differing views on Bitcoin [2]. Group 2: Market Performance - Gold has recently reached a record high of over $4,035 per ounce, driven by U.S. government gridlock and concerns about fiscal stability [3]. - Bitcoin has also seen significant gains, surpassing $126,000 earlier this month, marking its highest value to date [3]. Group 3: Asset Perspectives - Schiff argues that Bitcoin's volatility and lack of intrinsic value make it unsuitable as money, while he promotes tokenized gold as a superior asset that combines the tangible nature of gold with blockchain efficiency [4][5]. - Schiff's upcoming platform, Shift Gold, aims to allow users to buy, store, and redeem gold through blockchain-based tokens [5]. Group 4: Counterarguments - CZ counters Schiff's claims by stating that tokenized gold relies on third-party custodians, which undermines its status as "on-chain" gold, and emphasizes that Bitcoin's decentralized nature makes it a more reliable digital currency [6]. - The exchange between Schiff and CZ highlights a longstanding debate in finance regarding whether digital or physical scarcity will shape the future of monetary value [7].

Core Insights - Gold prices have experienced a significant decline, with a market capitalization loss of nearly $2.5 trillion, marking the largest two-day drop since 2013, trading at $4,058.19 per ounce, down 0.97% [1] - The total market cap of tokenized gold has decreased by approximately 7% in the past 24 hours, standing at $3.8 billion [2] Tokenized Gold Performance - Tether Gold (XAUt) saw a price drop of 4% in 24 hours, trading at $4,040.85 [3] - PAX Gold (PAXG) fell by 3.9%, with a trading price of $4,090.41, each token backed by one troy ounce of gold stored in LBMA vaults [3] - Kinesis Gold (KAU) decreased by more than 4%, trading at $131.19, with each token backed by 1 gram of gold [4] - VeraOne (VRO) was the most affected, dipping over 7% in 24 hours, trading at $129.83, with each token backed by 1 gram of LBMA gold [4]

Market Trends - Tokenized gold is experiencing significant growth on Ethereum, reaching all-time highs [1] - The rise of tokenized gold suggests a potential future where traditional fiat currency becomes obsolete [1] Cryptocurrency & Tokenization - The industry is moving closer to a "New Money era" with the increasing adoption of tokenized assets [1]