Tokenized Gold Market Surges 177% Amid RWA Expansion in 2025

Tokenized Gold Market Exploded in 2025

Tokenized gold has emerged as one of the fastest-growing asset classes within the cryptocurrency realm, accounting for approximately a quarter of the net growth in real-world assets (RWA) in 2025. The market capitalization of tokenized gold skyrocketed by 177% over the past year, with the number of holders nearly tripling, adding over 115,000 new wallets. In total, the tokenized gold market has contributed nearly $2.8 billion in net value, rising from about $1.6 billion to $4.4 billion.

This surge represented nearly 25% of the total net growth in the RWA sector, outperforming the combined growth observed in tokenized equities, corporate bonds, and non-U.S. Treasury securities. Additionally, the trading volume of tokenized gold reached approximately $178 billion in 2025, making it the second-largest gold investment product globally, following SPDR Gold Shares. Conversely, this substantial growth was primarily driven by Tether Gold (XAUT), which accounted for 75% of the total trading volume.

The noteworthy increase occurred against the backdrop of a gold market value that rose by over 67%. This expansion underscores a structural shift in how gold trading liquidity increasingly operates on blockchain technology, sidelining traditional products.