The market for tokenized commodities is approaching the $4 billion mark, driven by a surge in investor interest in onchain financial products. Recent data reveals that gold has reached an all-time high of $4,530 per ounce, alongside silver, which hit $74.56 per ounce. The total value of tokenized commodities rose by 11% in December, reaching approximately $3.93 billion.
Among the leading tokenized commodities, Tether Gold (XAUt) leads with a valuation of $1.74 billion, followed closely by Paxos Gold (PAXG) at $1.61 billion. This growth reflects a broader trend in the real-world asset (RWA) sector, which aims to improve access and efficiency in trading traditional assets through blockchain technology.
Standard Chartered forecasts that the market for tokenized RWAs, excluding stablecoins, may expand to $2 trillion by 2028, with significant investments anticipated in private equity and commodities. Ethereum dominates this space, holding a 65% market share of tokenized RWAs, valued at $12.7 billion, while BNB Chain accounts for 10.5% with $1.85 billion.