The tokenized precious metals market has surpassed $1 billion, according to data from RWA.xyz, a data platform for real-world asset tokenization (RWA). Tether Gold (XAUT) experienced the most significant growth in market capitalization, increasing from $384 million to $491 million. However, Paxos Trust Company's physical gold-backed token, PAXG, maintains the largest market share. The tokenization of precious metals allows investors to trade them more easily and efficiently, and it also provides a more accessible way to invest in these assets. As a result, the tokenized precious metals market is expected to continue to grow rapidly in the coming years.