Tokenized market cap
$8.17B
Tokenized gold, silver and other commodities, with every wrapper of an asset combined into a single onchain figure.
Gold
Circle Internet Group
Silver
United States Oil Fund
Qualcomm
Petrobras
A tokenized commodity is a token backed by a physical asset held in a vault — most often gold, and increasingly silver and other metals. One token typically represents a fixed weight, such as a troy ounce or a gram, and the issuer publishes audits or proof of reserves covering the bullion behind the supply. Redemption terms differ sharply between issuers: some let large holders take physical delivery, others settle only in cash. Because gold is tokenized by several issuers at once, CoinStats combines those wrappers into a single gold row, so the figure here is the whole onchain market for the metal rather than one product’s share of it.
CoinStats aggregates CoinGecko's RWA market data every five minutes. Values represent the combined onchain tokens associated with a real-world asset, are stored in USD, and are converted to your selected currency for display.
RWA tokens can carry issuer, custody, smart-contract, liquidity, regulatory, and redemption risks. Token prices may differ from the underlying asset and availability can vary by jurisdiction.
For the major products, yes — the issuer holds allocated bullion in a vault and publishes audits or proof-of-reserve attestations against the circulating supply. The strength of that backing is an issuer question rather than a blockchain one, so the custodian, the audit cadence and the jurisdiction of the vault all matter.
Sometimes. Several issuers allow physical delivery above a minimum quantity, usually to verified holders and with shipping and handling costs attached; others settle redemptions in cash only. The right to redeem, and who may exercise it, is set by the issuer’s terms.
Tokenized gold trades continuously and in thinner books than the spot market, so onchain demand can push it above or below spot. Storage fees, issuance and redemption costs and the friction of arbitraging between the two markets all add to the gap.