#TOKENIZED The tokenized gold market has exceeded $1.2 billion, driven by rising gold prices and a growing interest in blockchain-based assets. The surge in gold prices, reaching over $3,000 per ounce, has led to increased investor attention towards digital representations of precious metals like Tether Gold (XAUT) and Paxos Gold (PAXG). Don Tapscott, co-founder of Blockchain Research Institute, believes that tokenized gold could revolutionize the $13 trillion gold market by offering transparency, liquidity, and new financial models. Companies like Paxos and Tether are leading the way in tokenized gold offerings, with Paxos holding the majority market share. The momentum behind tokenized gold has even caught the attention of the US government, with discussions around modernizing gold holdings and potentially tokenizing Fort Knox gold reserves. The rise of tokenized gold signifies a shift towards a blend of traditional and digital finance in the global monetary system.
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