However, tokenized gold remains far from being a physical gold competitor at the current “stage of RWA development,” the analyst told Cointelegraph, adding:“Tokenized gold presents a compelling alternative for crypto-native investors who might otherwise look to Bitcoin or stablecoins.”“In this context, tokenized gold has primarily served as a diversification tool, gaining increasing traction in investor portfolios as market uncertainty deepens,” he addedRelated: Stablecoins, tokenized assets gain as Trump tariffs loomGeopolitical trade tensions caused by Trump’s import tariffs have inspired a flight to safety among crypto investors, specifically toward stablecoins and tokenized assets.
Tokenized gold trading volume surged to a two-year high this week, topping $1 billion as investors pivoted toward safe-haven assets amid global uncertainty triggered by US President Donald Trump’s import tariffs.
Top tokenized gold assets, trading volume.Source: CoinGecko, Cex.ioSince Trump’s first tariff announcement on Jan.20, Paxos Gold (PAXG) trading volume has surged by over 900%, Tether Gold (XAUT) trading rose over 300% and Kinesis Gold (KAU) volume increased by more than 83,000%.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Tokenized gold volume hits $1B first time since 2023 US banking crisis" has 466 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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