The market value of tokenized precious metals has exceeded 1 billion US dollars, with PAXG still dominating
RWA.xyz posted on X stating that the tokenized precious metals market has broken through the $1 billion mark, of which: - The market value of Tether's XAUT rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos's PAXG is still the largest product. - Global financial institutions such as HSBC not only provide tokenized gold to retail investors but also support technological advancements, including developing quantum cryptography for tokenized gold. - Further experiments are being conducted under the guidance of gold NFT and stablecoins supported by tokenized gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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