Data: The market value of tokenized precious metals has surpassed $1 billion, with PAXG still holding a dominant position
ChainCatcher news, RWA.xyz posted on X that the tokenized precious metals market has surpassed the $1 billion mark, among which:Tether's XAUT market cap rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos' PAXG remains the largest product.Global financial institutions like HSBC are not only providing tokenized gold to retail investors but also supporting technological advancements, including the development of post-quantum cryptography for tokenized gold.Further experiments are underway, led by gold NFTs and tokenized gold supporting stablecoins.