Animoca Brands Research@animocaresearch
Our latest report on Tokenized Gold is out! Here are the 8 things you need to know: 👇
1️⃣ Growth Potential: Tokenized gold is only 0.075% of the investment gold market. If it mirrors Gold ETFs (7% penetration), we’re looking at a 90x expansion to US$400B.
2️⃣ Industry Leader Insights: Features expert perspectives from HSBC’s Head of Digital Assets and Currencies, Global Macro, Bugra Celik.
3️⃣ Macro Tailwinds: With gold breaching US$5,000/oz in 2026, geopolitical risks and inflation are driving investors.
4️⃣ Key Players: @tether @tethergold ($XAUT) and @Paxos Gold ($PAXG) have over 90% of the market value. TradFi giants are also active, like HSBC and WisdomTree. Other players include @matrixdock ($XAUM), @ComTechOfficial ($CGO), @VNX_Platform ($VNXAU), @DGLD_Official (DGLD), Aurox Finance (@AlloyX_Limited, @CantonNetwork).
5️⃣ RWA Heavyweight: At US$5.8B, gold accounts for 98.2% of tokenized Commodities, overtaking Private Credit as the 2nd largest RWA category behind US Treasuries.
6️⃣ Trading Volume Surge: Spot trading for $PAXG and $XAUT is up 17x & 53x YoY. Gold perps on @HyperliquidX (US$6.6B) now see more cumulative volume than perps on tech stocks like $NVDA and $TSLA.
7️⃣ Yield-Bearing Gold: New products from @libeara, @Theo_Network, @PleasingGolden, @streamex, @orogoldapp provide yield via lending and gold leasing activities.
8️⃣ DeFi & Operational Integrity: Gold tokens are utilized in DeFi lending on @Morpho, while @chainlink is key for proof of reserves and price data feeds.
