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Crypto exchanges gain as tokenized commodity market climbs to $7.7B

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 80 Views

Crypto exchanges gain as tokenized commodity market climbs to $7.7B

Demand is surging for tokenized precious metals that offer more accessibility than their traditional counterparts, with investors seeking 24/7 safe-haven asset availability.

Demand for tokenized commodities is increasing as investors look for safe-haven exposure through crypto-native markets that trade around the clock, rather than only during traditional market hours.

The tokenized commodities sector grew 10% over the past month to $7.69 billion in cumulative market capitalization, while holders increased by 5.8% to 189,390, according to data aggregator RWA.xyz.

Tether Gold (XAUT) makes up the lion’s share with $2.96 billion of onchain commodities, while Paxos Gold (PAXG) is second with $2.56 billion.

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