Gold Is Driving Tokenized Commodities — These Two Tokens Are Leading

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Tokenized commodities are experiencing strong growth, and gold-backed assets are leading the charge. 

According to CoinGecko’s latest RWA report, XAUT (Tether Gold) and PAXG (PAX Gold) accounted for 89.1% of the sector’s expansion since 2025, contributing approximately $1.87 billion and $1.80 billion respectively.

As of May 13, 2026, both tokens are trading near $4,683–$4,684, reflecting the ongoing strength of physical gold.

Are XAUT and PAXG Setting the Pace?

Tether Gold (XAUT) continues to demonstrate impressive resilience. Currently priced at $4,683.81, it posted a modest 0.2% gain over the past seven days.

Backed by Tether’s robust reserves and regular attestations, XAUT benefits from high liquidity and seamless integration across multiple blockchains. 

This makes it a preferred choice for institutions and traders seeking easy exposure to gold without the hassles of physical storage.

PAX Gold (PAXG) is performing in near lockstep, trading at $4,684.40 with a similar 0.2% weekly increase. 

Issued by Paxos, PAXG is fully backed by allocated physical gold stored in London vaults and benefits from strong regulatory compliance. 

Its transparency and established reputation have helped it maintain steady investor confidence, particularly among conservative allocators looking for reliable tokenized commodities.

Why Gold-Backed Tokens Are Dominating

Several factors explain their leadership: strong institutional trust, 1:1 physical backing with regular audits and high liquidity.

Also, the broader macro appeal of gold amid inflation and geopolitical uncertainty. Their success has significantly expanded the overall tokenized commodities market.

As tokenized gold cements its position as a leading RWA category, the performance of XAUT and PAXG could inspire further innovation in commodity tokenization.

One question remains: Will these two gold giants continue dominating the sector, or will new tokenized commodity projects emerge to challenge their lead?

Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. The views expressed are based on publicly available data, market observations, and the author’s interpretation at the time of writing. Cryptocurrency markets are highly volatile and unpredictable, and past performance or current technical setups do not guarantee future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. TechGaged does not accept liability for any losses incurred based on the information presented.