The tokenized commodities market just crossed $7.3 billion in total market capitalization, a record that would have sounded absurd two years ago. Ethereum accounts for 66.6% of that figure, reinforcing its position as the go-to blockchain for real-world asset tokenization.
To put the growth in perspective: the sector sat at roughly $5.21 billion in late January 2026. That’s a jump of about 40% in a matter of months.
Gold is doing the heavy lifting
The large majority of that $7.3 billion comes from gold-backed tokens. In English: people are buying digital representations of physical gold that live on blockchains, primarily Ethereum, and trading them like any other crypto asset.
Gold prices have been on a favorable run throughout the first quarter of 2026, and tokenized versions offer something the physical metal can’t: 24/7 liquidity, fractional ownership, and near-instant settlement.
