Tokenized commodities near $4B, as gold extends all-time rally

1 hour ago

Blockchain-based tokenized commodities are nearing the $4 cardinal milestone, pursuing caller all-time highs reached by the world's starring precious metals.

Gold, metallic and platinum deed grounds highs connected Friday, with spot golden rising arsenic precocious arsenic $4,530 per ounce, TradingView information shows. Silver, presently not a large contributor to the tokenized commodities market, concisely touched an all-time precocious of $74.56 per ounce.

Tokenized commodities roseate 11% successful the period starring to Friday, reaching $3.93 billion, according to information aggregator RWA.xyz. Tether Gold (XAUt) was listed arsenic the largest tokenized commodity, worthy $1.74 billion, followed by Paxos Gold (PAXG) astatine $1.61 billion.

Tokenized precious metals tin beryllium transferred and traded onchain extracurricular accepted marketplace hours, though pricing, liquidity and redemption stay tied to bequest infrastructure.

Tokenized commodities are portion of the wider real-world plus (RWA) sector, which involves issuing blockchain-based representations of accepted assets to alteration faster colony and fractionalized ownership.

Investment slope Standard Chartered projects the tokenized RWAs (excluding stablecoins) to surge to $2 trillion by 2028, with $250 cardinal predicted to travel into “less liquid” investments specified arsenic backstage equity and commodities.

Ethereum captures the lion’s stock of RWA tokenization growth

Ethereum is emerging arsenic the astir fashionable blockchain web for tokenized RWAs.

It commands a 65% marketplace stock of tokenized RWAs astatine $12.7 billion, portion BNB Chain is successful 2nd spot with 10.5%, oregon $1.85 billion, information from RWA.xyz shows.

Growth successful tokenization tin lend to accrued blockchain enactment and transaction fees connected Ethereum.

However, blockchain information shows that tokenization of accepted fiscal assets inactive represents a comparatively tiny stock of onchain enactment compared with much established usage cases specified arsenic stablecoins and fungible token trading.

Ethereum ranked 4th by full transaction fees implicit the past 30 days, generating $11.41 million, according to information from crypto quality level Nansen.

The Tron network, wherever stablecoin enactment is dominant, ranked archetypal with $29.5 cardinal successful fees. BNB Chain and Solana placed 2nd and 3rd respectively. The 2 blockchains are fashionable for token launches and retail trading activity.

Magazine: SEC’s U-turn connected crypto leaves cardinal questions unanswered

View source