The Gold’s historic rally accelerated on Monday, with the specific prices that hit up to $ 3,800 per ounce to establish a new record of all time, extending a torrid year in which the ingots increase approximately 47% in the year to date.
This increase is echoing Crypt Rieles, with gold -backed sheets that rises to a historical market capitalization of $ 2.88 billion, according to Coingecko data. Tokenized metal versions are backed by physical reserves, but are established in Blockchain rails, offering 24 -hour operations and almost instant transfers.
and Paxos’ Both tokens issued by companies predominantly known for their stable, are dominating the category. Xaut’s capitalization remained about $ 1.43 billion and PaxG of approximately $ 1.12 billion, both in their respective maximums of all time.
Liquidity has also increased next to the rally. Paxg attracted more than $ 40 million in net tickets during September and established a new negotiation volume record that exceeded $ 3.2 billion in monthly billing.
Xaut also registered a $ 3.25 billion record in monthly volume, as defiliated. Meanwhile, the growth of Token market capitalization came only from the appreciation of the underlying metal, since a new coined tokens did not occur this month after the August jump of $ 437 million.
The tokenized gold market could continue winning, since macro conditions remain support for yellow metal. Investor expectations increase for more federal reserve and softer dollar cuts, while anxiety accumulates on a possible closure of the government in the United States, meanwhile, Often called “digital gold”, it is delayed behind gold with a performance of 22% in the year to date.
Read more: Bitcoin to join gold in the balances of the Central Bank reserve by 2030: Deutsche Bank
