The tokenised commodities market has climbed 53% in less than six weeks to exceed $6.1 billion, making it the fastest-growing segment of the real-world asset tokenisation sector.
Data from Token Terminal shows the market has expanded by roughly $2 billion since the start of the year, rising from just over $4 billion on Jan. 1, with gold-backed products dominating issuance.
Tether Gold has been the largest contributor, with its market capitalisation rising 51.6% over the past month to $3.6 billion, while Paxos-listed PAX Gold has grown 33.2% to $2.3 billion over the same period.
Tokenised commodities have now surged 360% year-on-year, outpacing tokenised stocks and tokenised funds, which have grown 42% and 3.6% respectively in 2026.
The segment is now valued at more than one-third of the $17.2 billion tokenised funds market and significantly above tokenised stocks, which stand at $538 million.
Tether expanded its strategy this week by acquiring a $150 million stake in Gold.com and said its XAUt token would be integrated into the platform, while also exploring options to enable physical gold purchases using USDt.
The rise in tokenised gold coincides with an 80% rally in spot gold over the past year to a record $5,600, even as Bitcoin remains well below its $126,080 October peak and continues to face volatility.
At the time of reporting, Bitcoin price was $67,388.03.