Tokenized Commodities Blows Past $6B on Gold Adoption

The tokenized commodities market jumped 53% in under six weeks to exceed $6.1 billion, becoming the fastest-growing segment in the real-world asset tokenization market as more gold moves onchain. Data from crypto analytics platform Token Terminal shows the market was worth just over $4 billion at the start of the year, meaning roughly $2 billion has been added since Jan.

1. Gold products dominate the sector. Tether’s gold-backed token XAUt has driven much of the rise, its market cap climbing 51.6% in the past month to $3.6 billion, while Paxos-listed PAX Gold (PAXG) rose 33.2% to $2.3 billion over the same period. Tokenized commodities are up 360% year-on-year.

The gain since the start of 2026 outpaced growth in tokenized stocks and tokenized funds, which rose 42% and 3.6% respectively, and leaves the commodities market at just over one-third the size of the $17.2 billion tokenized funds market and well above tokenized stocks at $538 million.

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