Tokenized stocks hit 32% of RWA market as gold loses ground
XAUT and PAXG dropped from nearly 100% to 68% of tokenized assets in a year, with stocks and ETFs absorbing the rest as centralized exchanges roll out retail equity products.
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XAUT and PAXG dropped from nearly 100% to 68% of tokenized assets in a year, with stocks and ETFs absorbing the rest as centralized exchanges roll out retail equity products.
PAXG and XAUT cleared $90.7B in a single quarter — a setup that turns tokenized gold from a niche reserve trade into a structural allocation leg on its own.
Tokenized Treasuries crossed $10B and gold tokens (XAUT, PAXG) printed $90.7B in Q1 spot volume — bigger than all of 2025. The RWA sector is no longer a sandbox.