The scale of RWA on the Ethereum chain surpasses $15 billions, with tokenized gold contributing over $4 billions.
ChainCatcher news, according to ARKM Research data, the market size of real-world assets (RWA) on the Ethereum chain has exceeded $15 billions, accounting for 58% of the global RWA market, with growth mainly driven by tokenized gold.
Currently, the tokenized gold market size is over $4 billions, with the two main products being Tether Gold (XAUT) and Paxos Gold (PAXG). XAUT is backed by physical gold stored in Swiss vaults and ranks first in market capitalization among tokenized gold; PAXG is regulated by the New York State Department of Financial Services (NYDFS), with each token corresponding to one troy ounce of physical gold.
ARKM Research pointed out that tokenized gold combines the security of physical gold with the liquidity of digital assets, and is gradually moving away from its niche status to directly compete with mainstream crypto derivatives. In addition, on-chain perpetual contract trading platforms for gold and silver have recently recorded all-time high trading volumes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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