This is a directory category: every listing of one type. Open a profile, or read the newsletter →
Directory › Commodities & gold
Tokenized gold and commodities
Tokenized gold tokens represent ownership of physical gold held in professional vaults, with each token linked to a set weight of metal. The issuer buys and stores the gold, publishes information about the reserves and lets eligible holders redeem tokens for metal or cash under its terms.
Gold tokens trade around the clock on blockchains and exchanges and can be divided into small amounts, which makes them a common entry point for commodity tokenization. The key questions are the quality of the custody arrangement, how often reserves are attested and by whom, and which regulator, if any, supervises the issuer.
Other commodities, from silver to agricultural goods, follow the same pattern but face harder verification problems, because the asset can perish, move or be pledged twice. The listings below cover gold tokens with official documentation; each project page cites its sources.
Projects in this category (2)
| Name | Organisation | Type | Chains | Last verified |
|---|---|---|---|---|
| Paxos Gold (PAXG) | Paxos | Token | Ethereum, Solana | 23 Oct 2026 |
| Tether Gold (XAUt) | Tether | Token | Ethereum, Tron, TON (XAUt0) | 23 Oct 2026 |
- Paxos Gold (PAXG): Each token is backed by one fine troy ounce of London Good Delivery gold held by Paxos Trust Company.
- Tether Gold (XAUt): Each token represents one troy ounce of physical gold stored in a Swiss vault; XAUt0 is the omnichain version.
Every listing was checked against the official sources linked on its page. Information only, not investment advice. Eligibility, availability and supported chains change; confirm on the official site before acting. Spotted an error? Reply to any edition of the newsletter.
How to compare gold and commodity tokens
Gold tokens look interchangeable on a price chart; their protections are not. Compare:
- Backing: allocated bars with serial numbers or a general claim on a metal pool.
- Custodian and vault location, and who appoints and supervises them.
- Attestation: who reports on reserves, how often and against what standard.
- Redemption: minimum size, delivery locations, fees and whether cash redemption is offered.
- Regulatory status of the issuer in its home jurisdiction.
Who uses tokenized gold
Gold tokens are used by investors who want exposure to the metal with on-chain settlement, by traders who move between gold and stablecoins at any hour, and by protocols that accept tokenized gold as collateral. Because each token is tied to a specific weight of metal, they also serve as a reference point for how other commodities might be tokenized.
Risks and limits
Holders depend on the issuer and custodian keeping the metal safe and the token supply matched to it, so the quality of reserve reporting matters as much as the gold itself. Prices of gold tokens follow the metal and can fall. Physical redemption can be costly or limited to large holders, and some tokens can be frozen by the issuer under its terms.
Guides
Frequently asked questions
- What backs a tokenized gold token?
- Physical gold bars held by a custodian in a vault, allocated to the token according to the issuer's terms. Reserve reports or attestations show whether the metal matches the tokens in circulation.
- Can tokenized gold be redeemed for physical gold?
- Some issuers allow redemption for physical metal, usually above a minimum size and after identity checks; others redeem in cash. Terms differ by issuer.
- Is tokenized gold regulated?
- It depends on the issuer and jurisdiction. Some issuers are supervised by financial regulators, while others operate under lighter regimes, so the listing pages note the official source.
