According to Kitco, after a period of price increase lasting for 2 years and setting many record highs last year, Bitcoin and the global cryptocurrency market are undergoing a strong correction. However, tokenized gold has emerged as a rare bright spot in the digital asset market.
According to the latest quarterly report of Swyftx Pty Ltd - a cryptocurrency trading platform based in Australia - the total capitalization of the cryptocurrency market has decreased by about 40% compared to the peak in Q1/2026.
Although Bitcoin has found a support zone around the 60,000 USD/token mark, the price of the world's largest digital currency has remained stuck below the 80,000 USD mark in the past 3 months.
Swyftx analysts believe that the recovery momentum in March helped Bitcoin maintain its price better than some major indexes such as Nasdaq or ASX 200, thereby partly creating positive signals for the rest of the year. However, overall data still shows a gloomy picture as the "digital currency winter" may have begun.
In the context of a weakening general market, the tokenized commodity group, especially gold, recorded a remarkable growth in the first 3 months of the year.
Swyftx's report said that the rate of acceptance of tokenized gold on the blockchain platform increased 2.6 times faster than physical gold. Notably, the market capitalization of tokenized gold for the first time exceeded the 5 billion USD mark.
This upward trend continues the positive trend from last year, when the market capitalization of tokenized gold increased by 65%.
Currently, Tether Gold (XAUt) continues to lead the market, accounting for about 45% market share. In Q1/2026, the total lock value (TVL) of XAUt increased by 40%.
Talking to Kitco News, Mr. Kurt Hemecker - CEO of Gold Token S.A., a tokenized unit of the precious metal group MKS PAMP - said that demand for digitized real assets is still very large, in which gold is playing a leading role.
According to Mr. Hemecker, organizations still maintain optimistic sentiment when participating in this market. Despite strong growth in recent times, tokenized gold still accounts for only a very small part of the scale of about 23,000 billion USD of the global gold market.
This CEO also expressed his expectation that demand for tokenized gold will continue to rise, as world gold prices are consolidating above the threshold of 4,700 USD/ounce.
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