Digital Gold Tokens Pass $3B Valuation, Led by XAUT and PAXG

The combined market value of tokenized gold cryptocurrencies has crossed US$3 billion, reflecting growing investor interest in on-chain gold exposure. 

According to recent data from CoinGecko and blockchain-real-world asset (RWA) trackers, tokenized gold assets now hold a record high valuation of approximately $3.02 billion, up 2.3% in the past 24 hours. 

Tether Gold (CRYPTO: $XAUT) and Paxos Gold (CRYPTO: $PAXG) remain dominant, together accounting for roughly 89% of the market by capitalization. 

The recent surge corresponds with a broader rally in gold prices, which pushed above $4,000 per ounce, fueling demand for digital alternatives that combine physical backing with blockchain liquidity. 

The number of wallets holding tokenized gold jumped 53% in 2025, signaling expanding adoption across crypto users. 

Analysts view the development as part of a “debasement trade,” where investors gravitate toward hard assets in climates of macro uncertainty, inflation pressures, or weakness in fiat currencies. 

The model appeals to those seeking exposure to gold without the burdens of physical custody or illiquidity.

Tether Gold (CRYPTO: XAUT) is currently trading around $4,031 per token.

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