Tokenized gold assets are changing how markets set gold prices. According to Iggy Ioppe, $PAXG (Paxos Gold) and $XAUt (Tether Gold) handle almost all gold price discovery on weekends when CME futures markets are closed. This allows traders to buy and sell gold 24/7 using blockchain-based platforms, keeping the market active even during traditional off-hours.
LATEST: 📊 Tokenized gold assets like $PAXG and $XAUt are responsible for virtually 100% of publicly visible gold price discovery on weekends when CME futures markets are closed, says Theo CIO Iggy Ioppe. pic.twitter.com/mxi0ptcd9y
— CoinMarketCap (@CoinMarketCap) March 2, 2026
How Tokenized Gold Works
$PAXG and $XAUt are ERC-20 tokens backed by physical gold. Each token represents a fixed amount of gold, so investors can trade digital gold safely and transparently. Tokenized gold enables continuous trading, unlike traditional exchanges that close on weekends.
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