According to ChainCatcher, RWA.xyz published an article on X that the tokenized precious metals market size has exceeded the $1 billion mark, including:

Tether's XAUT market value rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos' PAXG remains the largest product.

Global financial institutions such as HSBC not only provide tokenized gold to retail investors, but also support technological advances, including the development of post-quantum cryptography for tokenized gold.

Led by gold NFTs and tokenized gold-backed stablecoins, further experiments are underway.