Tokenized Gold Market Surpasses ¥825 Billion, PAXG and XAUT Perform Strongly

According to a report by CoinDesk on the 28th, Paxos Gold (PAXG), a cryptocurrency backed by gold, recorded an inflow of approximately $248 million in January, pushing its market capitalization over $2.2 billion and setting a new record high. The market leader, Tether Gold (XAUT), also reached a new peak with a market capitalization of $2.6 billion. Both PAXG and XAUT are backed one-to-one by physical gold stored in vaults certified by the London Bullion Market Association (LBMA), and each token represents one troy ounce of gold. Blockchain technology enables trading 24/7 and fractional purchases...