2026-03-01 05:31:22

Gold-backed tokens surged by 6% on February 28, 2026, with PAXG increasing by more than 6% and XAUT gaining 4% amid escalating tensions between the US and Iran.

The market capitalization of tokenized gold exceeded $6 billion, adding $2 billion since the beginning of the year as investors shift towards safe-haven assets.
Over 1.2 million ounces of physical gold backing the tokens are stored in vaults, with XAUT and PAXG controlling 96.7% of the market share.
Market Overview
Trading volumes sharply increase during volatility, with XAU-pegged tokens soaring nearly 196% as crypto markets face downward pressure.
The market capitalization of tokenized gold surpassed $6 billion, reflecting a strong shift of investors toward safe-haven assets.
Over 1.2 million ounces of physical gold backing the tokens are stored in vaults.

BTC3,68%

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