According to a report, trading volumes for crypto tokens backed by gold reached $178 billion last year. This figure surpasses the trading volume of all but one major gold ETF. The development occurred as the price of gold rallied, nearing $5,000. The report highlights the growing interest in tokenized assets and their increasing adoption within the cryptocurrency market, especially as traditional assets like gold see price increases.

According to a report, trading volumes for crypto tokens backed by gold reached $178 billion last year. This figure surpasses the trading volume of all but one major gold ETF. The development occurred as the price of gold rallied, nearing $5,000. The report highlights the growing interest in tokenized assets and their increasing adoption within the cryptocurrency market, especially as traditional assets like gold see price increases.