Research · List
Tokenized gold tokens: full list by market cap
Every gold-backed token we count, largest first, read directly from each blockchain and less tokens held in the issuer's own reserve.
Short answer
We count 3 gold-backed tokens from 3 issuers as of Nov 9, 2026, together worth $5.06 billion on public blockchains. The largest is XAUt at $3.15B.
| # | Ticker | Name | Issuer | On-chain market cap | Share | Chains | Largest chain |
|---|---|---|---|---|---|---|---|
| 1 | XAUt | Tether Gold | TG Commodities (Tether) | $3.15B | 62.2% | 2 | Ethereum |
| 2 | PAXG | PAX Gold | Paxos | $1.84B | 36.5% | 2 | Ethereum |
| 3 | XAUm | Matrixdock Gold | Matrixdock | $67.0M | 1.3% | 6 | BNB Chain |
Download: CSV · Method and chain-by-chain detail: full count. Values in ounces are on each token page.
Quick answers
What is the largest gold-backed token?
Tether Gold (XAUt), issued by TG Commodities (Tether), with $3.15 billion on-chain, 62.2% of the total as of Nov 9, 2026.
How many gold-backed tokens are there?
We count 3 gold-backed tokens from 3 issuers as of Nov 9, 2026, together worth $5.06 billion on public blockchains.
Which issuers have gold-backed tokens?
Matrixdock, Paxos, TG Commodities (Tether).
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Citing this list: "The Migration by Concrete, Tokenized gold tokens: full list by market cap, Nov 9, 2026," with a link to this page and to Concrete.
For information only. Not investment advice.