The tokenization precious metal Market Cap has exceeded 1 billion US dollars, with PAXG still dominating.

DailyNews

2024-09-24 04:43:39

X-0,24%

Odaily Planet News reported that RWA.xyz stated in a recent article that the tokenization of the precious metals market has exceeded the $1 billion mark, including: -Tether’s XAUT Market Cap rose from $3.84 billion to $4.91 billion, becoming one of the main driving forces, while Paxos’s PAXG remains the largest product. -HSBC and other global Financial Institutions not only provide tokenization of gold to retail investors, but also support technological advancements, including the development of post-quantum cryptography for tokenization of gold.

Under the leadership of gold Non-fungible Token and tokenization of gold supporting stablecoins, further experiments are underway.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

GateUser-f752b9d4

· 2024-09-24 04:58

BUIDL 🧐

Reply1

GateUser-f752b9d4

· 2024-09-24 04:56

BUIDL 🧐

Reply0