Gold’s blistering 70% rally in a year — its strongest performance in nearly half a century — sent demand for exposure to the metal soaring. As institutional and retail investors alike sought havens during periods of rising geopolitical tensions and new tariff threats, one corner of the market stood out: tokenized gold. Gold-backed tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) posted explosive growth last year, surpassing the trading volume of most traditional gold exchange-traded funds (ETFs), acc ...