The tokenized commodities market has grown 53% in less than six weeks to more than $6.1 billion, making it the fastest-growing industry in the real-world asset tokenization market as more gold moves online.
At the beginning of the year, the tokenized commodity market was valued at just over $4 billion, meaning the market has increased in value by about $2 billion since January 1, according to data from the Token Terminal cryptographic analytics platform.
Data shows that the tokenized goods market is dominated by gold products.
Stablecoin issuer Tether’s gold-backed token was the biggest contributor to the gain, with its market capitalization rising 51.6% to $3.6 billion over the past month, while Paxos-issued PAX Gold (PAXG) rose 33.2% to $2.3 billion over the same period.
Tokenized commodities are currently up 360% year-over-year, with growth since the beginning of 2026 outpacing growth in the tokenized stock and tokenized funds markets of 42% and 3.6%, respectively.
This also puts the tokenized goods market at just over one-third the size of the $17.2 billion tokenized funds market. It is also significantly larger than tokenized shares, which are worth $538 million.
Tether on Thursday expanded its tokenized commodities strategy by acquiring a $150 million stake in precious metals platform Gold.com in a bid to expand access to tokenized gold.
Tether said its XAUt token will be integrated into the Gold.com platform and that it is exploring options to allow customers to purchase physical gold with the USDt (USDT) stablecoin.
Gold Accelerates as Bitcoin Stuck Below $70,000
The enhance in tokenized gold prices comes at a time when the spot price of gold has risen above 80% over the past year to set a modern all-time record of $5,600 on January 29.
A minor pullback sent gold back to the $4,700 level earlier this month, but it has since risen back to $5,050 at the time of writing.
Related: Do Super Bowl commercials predict a bubble? Dot-coms, cryptocurrencies and now artificial intelligence
Meanwhile, Bitcoin (BTC) and the cryptocurrency market have been in crisis since October 10, when the cryptocurrency market crash led to $19 billion in liquidations.
Bitcoin fell 52.4% from an early October high of $126,080 to around $60,000 on Friday, but has since rebounded to $69,050, CoinGecko data can be seen.
Bitcoin’s decline in value amid the rise of classic safe-haven assets has led some industry commentators, such as Strike CEO Jack Mallers, to speculate that Bitcoin is still treated like software even though it has the characteristics of difficult money.
Crypto asset manager Grayscale similarly said that Bitcoin’s long-standing narrative as “digital gold” has been put to the test, stating that its recent price action increasingly resembles a high-risk growth asset rather than a classic safe-haven asset.
Warehouse: Crucial questions: Should you sell your Bitcoin for nickels for a 43% profit?
