Top Tokenized Gold Tokens by Market Capitalization – A Comparative Market Overview

• Tether Gold (XAUT) leads with over $833M in market capitalization and consistent price stability.
• PAX Gold (PAXG) shows strong correlation with physical gold, trading at $3,396.27 with moderate volume.
• Comtech Gold (CGO) and VNX Gold (VNXAU) maintain lower market caps but offer full issuance transparency.

Digitalization of finance is not complete yet, but tokenized gold assets feature as a reliable point of contact between traditional applications of blockchain and strategic holdings. Physical bullion-backed tokens, such as Tether Gold (XAUT), PAX Gold (PAXG), Comtech Gold (CGO), and VNX Gold (VNXAU), are becoming popular as a source of stability in an otherwise unstable market.

Tether Gold Remains Top in Market Capitalization

As of the date of the post, June 22, 2025, Tether Gold (XAUT) is one of the most highly valued gold-backed digital assets, priced at a value of $3,381.85 at a market cap of about 833.7 million. The token reported a slight 0.13 percent increase in price, which resembled its status as a physically backed, steady-as-you-go instrument. The supply of XAUT is fully issued with no risk of inflation in the total supply and circulating supply of 246.52K.

The trading volume fell 28.36 percent, or 24 hours, to $14.5 million, which implies that there is modest speculative interest. Some minor price action during the day was an indication of temporary buying pressure, but the token reversed shortly. One of them is with a market cap to TVL ratio of 1 and secure collateralization. XAUT remains an attractive investment to crypto investors in search of tokenized exposure to the gold market without high levels of risk associated with volatility.

PAX Gold Tracks Physical Bullion Price Best Price Side

The PAX Gold (PAXG) ended the day at the price of 3,396.27 and an increase of 0.11 percent, as was also the case with physical gold. The token market cap totaled 871.67 million, placing it in a position slightly above XAUT. PAXG has a total of 256.65K coins in supply, and there will be no more issues, which helps to keep it under control and transparent at the same time.

This was manifested by a decline in the trading volume of the token in the last 24 hours, with a decline of 28.70 percent to reach its value of 67.9 million. Daily volatility in the session consisted of a report of a significant intraday jump towards more than 3,410, after which a rapid decline was witnessed. The activity implies little indulgence in risk trades, given that the majority of the owners use the resource as a reliable store of value. PAXG is still the blockchain-based form of the physical bullion, on stable metrics, and has high availability on major exchanges.

Comtech Gold Offers Full Issuance Transparency at Lower Valuation

Comtech Gold (CGO) traded at $108.01 with a market capitalization of $15.22 million. To that effect, the token claimed a stable circulating and total token supply of 141K CGO, which implies total issuance and, ultimately, abrogation of uncertainty about future token influx. Its average daily trading value was reported to be a bit low at 1.62 million USD and reduced by a slight margin of 0.75 percent, as its market presence is also relatively small.

The price chart shows that it undergoes some rapid but insignificant price movements, usually within the price range of between $107.85 and $108.20. Its tendency shows low liquidity with great sensitivity to the size of the trade. All these notwithstanding, CGO has a profile score of 70 percent, and its price performance is still following that of the overall trend of physical gold. It is expected that the token will be focused on those investors who want to have digitized gold, not in large quantities, but in their smaller parts and without experiencing the volatility of speculation.

VNX Gold Goes Up a Notch as Price Remains in Steady Range

VNX Gold (VNXAU) has been exchanged at the price of 108.40, and it has risen 0.29 percent within the last 24 hours. The asset registered a market capitalization of 2.72 million dollars involved the total and circulating supply of 25.1K tokens. The lack of further issues helps to keep valuation measures steady. Nevertheless, the trading volume was lower by 28.85%; this occurred because of reduced short-term demands, being at $37.78K.

Trading action on the day maintained a tight spread of between 108.20 and 108.60, as expected of a gold-pegged token, especially one with a low market cap. VNXAU has a profile score of 75 percent and portrays a moderate score in terms of transparency and credibility in its operations. It is at the same time defined as a low-volatile asset to the investors that require blockchain-native rare metal yields, particularly in minor portfolios.