Since the CME financial futures market is closed on weekends, tokenized gold assets have become the only public channel for weekend gold price discovery. Iggy Ioppe, Chief Investment Officer of Theo, a liquidity infrastructure company and former Credit Suisse CIO, pointed out that on-chain markets currently handle nearly 100% of weekend price discovery, and when the futures market reopens, prices often align with the on-chain market trends. Data shows that the tokenized gold market has grown rapidly over the past year, with market capitalization soaring from $1.6 billion to $4.4 billion, a 177% increase, and nearly 120,000 holders. The trading volume of tokenized gold in 2025 is approximately $178 billion. (Cointelegraph)