Tokenized Gold Sees Record Inflows as Crypto Stalls

• PAXG drew $248M inflows in January as investors shifted toward tokenized gold.
• Tokenized gold market cap hit $5.88B, with $1.93B in 24h trading volume.
• XAUT and PAXG led gains, reflecting rising demand for gold-backed digital assets.

Tokenized gold recorded a rise in investor inflows in January as crypto markets moved sideways and capital rotated into blockchain-based gold assets. Paxos Gold (PAXG) attracted more than $248 million in fresh inflows during the month, according to DefiLlama data, marking the token’s strongest monthly performance on record. The inflow surge occurred as physical gold prices rallied, while Bitcoin and the broader crypto market underperformed.

PAXG is backed by physical gold stored in LBMA-approved vaults in London, with each token representing fractional ownership of physical bullion. The January inflows coincided with a strong rally i…

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