The tokenized commodities market has reached a new milestone: surpassing 1928374656574839201 trillion driven by gold

The tokenized commodities segment is experiencing unprecedented growth, reaching $6.1 billion after a 53% increase in less than six weeks. Since the beginning of the year, when the market was around $4 billion, approximately $2 billion in value has been added, according to data from Token Terminal. This dynamism makes tokenized commodities the fastest-growing component within the real-world asset (RWA) tokenization ecosystem, surpassing other segments of this emerging market.

Tokenized Gold Dominates the Tokenized Real Asset Sector

Growth has been largely driven by tokenized gold products, which now capture over 95% of the commodities market. Current data shows that Tether Gold (XAUt) remains the leading player, with a market capitalization of $2.65 billion after a 3.55% increase in the last month. Meanwhile, Paxos’ PAX Gold (PAXG) stands at $2.35 billion, recording a 3.79% gain over the same period.

Year-over-year comparison reflects the segment’s extraordinary performance: tokenized commodities have gained 360% compared to a year ago. This expansion far outpaces the growth rate of tokenized stocks (42%) and tokenized funds (3.6%). In scale, the sector now accounts for just over one-third of the tokenized fund market, valued at $17.2 billion, and is significantly larger than tokenized stocks, which are estimated at approximately $538 million.

Tether Deepens Its Strategy in Tokenized Precious Metals

Reflecting confidence in this segment, Tether recently acquired a $150 million stake in Gold.com, a platform specializing in precious metals. The strategy includes integrating XAUt into Gold.com’s ecosystem, allowing users to purchase physical gold through transactions with USDt, Tether’s stablecoin. This initiative underscores the company’s commitment to expanding bridges between tokenized assets and physical commodities.

Why Does Tokenized Gold Outperform Bitcoin in Investor Preference?

The superior on-chain performance of gold reflects its strong behavior in traditional markets. Spot gold has gained over 80% in the past year, reaching all-time highs near $5,600 on January 29. After a temporary pullback to around $4,700, prices have recovered to levels close to $5,050.

In contrast, Bitcoin and the broader crypto ecosystem are facing a period of relative weakness. Since a massive sell-off in October that triggered approximately $19 billion in liquidations, the leading cryptocurrency has shown significant volatility. Its price fell more than 50% from its October peak of about $126,080 to levels near $60,000. It is currently around $68,070, reflecting a 29.28% decline year-to-date, according to CoinGecko data.

This divergence has reignited questions about Bitcoin’s role as a safe haven asset. Jack Mallers, CEO of Strike, argues that markets still perceive Bitcoin more as a high-growth technology asset than as a store of value. Grayscale, a major crypto asset manager, shares this view, indicating that the narrative of Bitcoin as “digital gold” has weakened as its price movement pattern increasingly resembles that of conventional risk assets.

This reality explains why tokenized commodities, especially gold, have emerged as the main beneficiaries of RWA adoption in the current market cycle. Investors are seeking on-chain exposure to proven safe-haven assets, finding tokenized commodities an alternative that combines the security of physical gold with the efficiency of tokenization.