Tokenized commodities market cap hits $6.1B, up 53% this year

The market value of tokenized commodities has reached $6.1 billion, a 53% surge since the beginning of the year, Cointelegraph reported. This growth was led by Tether Gold (XAUT), whose market cap increased by 51.6% over the past month. During the same period, Pax Gold (PAXG) saw its market cap rise by 33.2%. The tokenized commodities market is currently smaller than the market for tokenized funds ($17.2 billion) but larger than that of tokenized stocks ($540 million).