Tokenized commodities may expand beyond gold as Paxos Labs, Theo and Energy Substantiation push lending, silver and oil products that link blockchain tokens to physical assets. According to CoinDesk, executives said the next stage could connect investors seeking exposure and income with businesses needing inventory financing, though custody, logistics and borrower risk remain hurdles.

Paxos Labs is backing PAXGy with PAX Gold, Theo’s thSLVR passes income from institutional silver leases to holders, and EnSub has expanded WTIC to Solana while developing natural gas and Brent tokens.