Catenaa, Tuesday, October 14, 2025- Gold-pegged crypto tokens exceeded a $3 billion market capitalization on last week as physical gold briefly topped $4,000 per ounce for the first time, according to CoinGecko data.
Trading volumes of tokenized gold rose to $640 million in the past 24 hours, led by PAX Gold (PAXG) and Tether Gold (XAUT).
PAXG and XAUT continue to dominate the market, each trading just below $4,000, closely tracking spot gold prices, which hit an all-time high of $4,007 before slightly retreating. Kinesis Gold (KAU) also contributed to the surge.
The rally in gold and other precious metals, including silver climbing above $48.50, coincides with the sixth day of the U.S. government shutdown, spurring investor interest in traditional safe-haven assets.
Bitcoin briefly reached a new high of $126,200 Monday before retreating to around $123,200, while the S&P 500 also hit a record of 6,753 points.
Analysts say the current environment, driven by concerns over fiat currency stability, is encouraging a rotation into alternative stores of value, including digital and tokenized assets.
The bitcoin-to-gold ratio now sits at 31.6, down from a December 2024 peak above 40, indicating gold has outperformed bitcoin this year despite bitcoin’s 30% year-to-date gain.
Industry observers say the trend highlights the growing appeal of tokenized commodities as investors seek liquidity, security, and exposure to tangible assets within crypto markets.
