The market value of tokenized precious metals has exceeded 1 billion US dollars, with PAXG still dominating

RWA.xyz posted on X stating that the tokenized precious metals market has broken through the $1 billion mark, of which: - The market value of Tether's XAUT rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos's PAXG is still the largest product. - Global financial institutions such as HSBC not only provide tokenized gold to retail investors but also support technological advancements, including developing quantum cryptography for tokenized gold. - Further experiments are being conducted under the guidance of gold NFT and stablecoins supported by tokenized gold.