The tokenized commodities market has experienced significant growth, with its value increasing from $2.7 billion in mid-2025 to $7.5 billion in July 2026. Gold tokenization has been a major driver of this growth, with its tokenized capitalization exceeding $6 billion in February 2026. Other commodities, such as copper and uranium, are also being tokenized, with projects like XU3O8 tokenizing physical uranium on the Tezos blockchain.
Market Expansion
The expansion of the tokenized commodities market is not limited to gold, with other metals like silver and industrial metals like copper and nickel also being tokenized. The total value locked (TVL) in these tokenized commodities has surpassed $4.4 billion, according to DefiPrime.
Regulatory Challenges
As the tokenized commodities market continues to grow, regulatory challenges are emerging, particularly with regards to certification and reimbursement. The market is expected to continue growing, with Citi anticipating a total market size of $5 trillion by 2030.
