Global financial markets have seen dramatic shifts in recent years. In Q3 2025, the price of gold surged to historic highs, even surpassing $4,000 per ounce. In this climate, investors are increasingly seeking ways to combine the security of physical assets with the speed and transparency of blockchain technology.
Enter the booming world of tokenized gold—a market that crossed $3 billion in total value by Fall 2025. Leading this space are two dominant players: PAX Gold (PAXG) and Tether Gold (XAUT). Both claim to offer secure, efficient access to physical gold via blockchain. But beneath the surface, they differ in key ways that matter for serious investors.
Let’s break down the pros and cons of each to help you make an informed decision.