The total market capitalization of tokenized gold has surpassed $3 billion, reaching a new record high of $3,026,614,542, according to Coingecko data. This marks a 2.3% increase over the past 24 hours. Tether Gold (XAUT) leads with a market cap of approximately $1.492 billion, while PAX Gold (PAXG) follows with around $1.188 billion. Tokenized gold represents physical gold digitally on blockchain platforms, backed by equivalent physical gold held in custody.