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The cryptocurrency trading firm and liquidity provider Wintermute has announced the initiation of over-the-counter (OTC) trading of tokenized gold for institutional clients. Users will have access to transactions involving PAX Gold (PAXG) and Tether Gold (XAUT) tokens.
The company highlighted that interest in tokenized real assets, including gold, remains strong despite the volatility in the cryptocurrency market. The rising popularity of the precious metal is bolstered by new price peaks. Wintermute anticipates that trading volume for tokenized gold will exceed $15 billion by 2026.
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“We are witnessing gold undergo the same infrastructural evolution that previously established the currency market as the largest in the world. This process is currently accelerating, and we expect the tokenized gold market to reach $15 billion as institutional adoption increases,” stated Wintermute’s CEO, Evgeny Gaevoy.
Wintermute clients will be able to trade PAXG and XAUT in pairs with USDC, USDT, leading cryptocurrencies, and fiat currencies. The company also plans to provide real-time hedging of trading risks and flexible asset collateral management.
Previously, analysts from ARK Invest projected that the market for tokenized assets could grow to $11 trillion by 2030.
