The tokenized goods market size approaches $4 billion, with gold reaching new highs and boosting RWA attention

Odaily Planet Daily reports that as the prices of gold, silver, and platinum reach record highs, the scale of on-chain commodity tokenization continues to rise, currently approaching $4 billion. TradingView data shows that spot gold prices once surged to $4,530 per ounce; RWA.xyz data indicates that the tokenized commodity scale has increased by approximately 11% over the past month, reaching $3.93 billion. Among them, Tether Gold (XAUT) accounts for about $1.74 billion, Paxos Gold (PAXG) about $1.61 billion, together dominating the market. The report points out that tokenized precious metals can be transferred and traded on-chain around the clock, but pricing, liquidity, and redemption still rely on traditional financial infrastructure. As part of the broader RWA track, investment bank Standard Chartered predicts that by 2028, the scale of tokenized RWAs excluding stablecoins will grow to $20 trillion, with about $250 billion flowing into illiquid assets such as private equity and commodities. Regarding underlying networks, Ethereum remains dominant, currently supporting about 65% of the tokenized RWA scale, approximately $1.27 billion; BNB Chain ranks second, accounting for about 10.5%. However, on-chain data shows that RWA-related activities still account for a smaller share of overall fees and transactions compared to mature use cases like stablecoins and token trading. (Cointelegraph)