On-chain RWA is roughly $46.4 billion, with tokenized gold accounting for one-tenth

Token Terminal metrics: the on-chain real-world assets scale has reached about $46.4 billion, of which tokenized gold is about $5.1 billion, representing roughly 11%. Treasuries, credit, and gold are competing with stablecoins for the “spot on-chain dollars” near-anchoring seat. The gold segment is growing quickly because traditional safe-haven logic has been moved into a 24-hour order book.

$46.4 billion sounds big, but compared with global bond and gold markets, it’s still a side corner. Many products have redemption thresholds and custodial counterparties; it’s not “on-chain gold futures.” For regular accounts, this is a thickening of the playing field—not something that can replace spot gold tomorrow. First, make sure to distinguish what you’re buying: shares/entitlements, a certificate, or just points that can only be transferred within the platform.

#RWA #代币化黄金 #链上资产

Does not constitute investment advice