
Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset
The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.
$1 897
1H
-0.06%$1.14
24H
-0.98%$18.78
7D
-1.69%$32.61
30D
-0.84%$16.07
XAUT is a digital asset offered by TG Commodities Limited. One XAUT token represents one troy fine ounce of gold on a London Good Delivery gold bar.
Holders of XAUT obtain the combined benefits of both physical and digital assets. XAUT token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.
Huobi Global says that customers will soon be able to access Tether Gold and Euro Tether stablecoins, representing ownership of assets.