{"slug":"tokenized-gold-tokens","question":"Which tokenized gold can I buy — tokens backed by bullion, or tokens on a gold ETF?","answer":"8 bullion-backed gold tokens and 7 tokens on gold ETFs are listed here.","shortAnswer":"8 bullion-backed gold tokens and 7 tokens on gold ETFs are listed here. The two largest by far are XAUT ($2.63B) and PAXG ($1.99B), both one token per troy ounce of vaulted gold. None of them pays a yield: gold earns nothing by itself, and you pay for storage through fees or the spread. Most bullion tokens can be redeemed for metal above a minimum size; ETF tokens follow the fund’s share price and settle in cash.","asOf":"2026-10-19","faq":[{"q":"Is XAUT or PAXG better?","a":"Both are one troy ounce of London Good Delivery gold per token. PAXG is issued by Paxos under the supervision of the New York State Department of Financial Services; XAUT by Tether, with gold held in Switzerland. They differ in who stands behind the claim and in how you redeem, not in the gold. There is a page comparing the two in detail."},{"q":"Can I get physical gold for a gold token?","a":"For bullion tokens, usually yes, above a minimum: often a whole bar for XAUT and PAXG, or smaller amounts at providers such as Kinesis. Fees and the required identity checks are set by the issuer. Tokens on a gold ETF can never be exchanged for metal — they give you the fund’s price, not the bar."},{"q":"Do gold tokens pay interest?","a":"No. Gold has no coupon. A “yield” on a gold token only comes from lending it out in DeFi, which adds the borrower’s and the protocol’s risk on top of the gold."},{"q":"Which one has the lowest minimum?","a":"XAUT (Tether (TG Commodities)), with minimum fractional. The highest stated minimum here is GLDx, with minimum ~$1."},{"q":"Which of them can I buy without KYC?","a":"1 of 15 can be bought on a DEX without identity verification: VNXAU. 2 require KYC to buy. For the rest, the source does not state the secondary-market gate."},{"q":"Which is the largest?","a":"By size, XAUT at $2.6B, followed by PAXG at $2.0B and KAU at $330M. Size is not safety, but a larger product usually means a deeper market to sell into."}],"count":15,"rows":[{"ticker":"XAUT","name":"Tether Gold","issuer":"Tether (TG Commodities)","category":"Tokenized Commodities","yield":"0% (store of value)","yieldPct":null,"yieldKind":"none","minimumUsd":0,"size":"$2.63B","chains":"Ethereum","country":"Switzerland (vault) / El Salvador","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.coingecko.com/en/coins/tether-gold","lastVerified":null,"tier":"curated","page":"https://tokenbank.world/token/XAUT","json":"https://tokenbank.world/api/tokens/XAUT"},{"ticker":"PAXG","name":"Pax Gold","issuer":"Paxos","category":"Tokenized Commodities","yield":"0% (store of value)","yieldPct":null,"yieldKind":"none","minimumUsd":0,"size":"$1.99B","chains":"Ethereum","country":"USA (gold vaulted in London)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.coingecko.com/en/coins/pax-gold","lastVerified":null,"tier":"curated","page":"https://tokenbank.world/token/PAXG","json":"https://tokenbank.world/api/tokens/PAXG"},{"ticker":"KAU","name":"Kinesis Gold","issuer":"Kinesis Money","category":"Tokenized Commodities","yield":"Holders’ yield paid in metal; rate not published publicly","yieldPct":null,"yieldKind":"variable","minimumUsd":1,"size":"$330M","chains":"Ethereum / Kinesis","country":"Isle of Man (vaulted)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://kinesis.money/holders-yield/","lastVerified":"2026-10-19","tier":"curated","page":"https://tokenbank.world/token/KAU","json":"https://tokenbank.world/api/tokens/KAU"},{"ticker":"XAUM","name":"Matrixdock Gold","issuer":"Matrixdock","category":"Tokenized Commodities","yield":"0% (store of value)","yieldPct":null,"yieldKind":"none","minimumUsd":0,"size":"~$73M","chains":"Ethereum / BNB Chain / Sui","country":"Singapore","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.matrixdock.com/xaum","lastVerified":null,"tier":"curated","page":"https://tokenbank.world/token/XAUM","json":"https://tokenbank.world/api/tokens/XAUM"},{"ticker":"VNXAU","name":"VNX Gold","issuer":"VNX (Liechtenstein)","category":"Tokenized Commodities","yield":"0% (store of value)","yieldPct":null,"yieldKind":"none","minimumUsd":1,"size":"Smaller (EU niche)","chains":"Ethereum / Polygon / Solana (+)","country":"Liechtenstein","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://vnx.li/vnx-gold/","lastVerified":null,"tier":"curated","page":"https://tokenbank.world/token/VNXAU","json":"https://tokenbank.world/api/tokens/VNXAU"},{"ticker":"DGLD","name":"Digital Gold","issuer":null,"category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Ethereum / Solana / Base","country":null,"kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.coingecko.com/en/coins/gold-token-sa-dgld-tokenized-gold","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/DGLD","json":"https://tokenbank.world/api/tokens/DGLD"},{"ticker":"CGO","name":"Comtech Gold","issuer":null,"category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Xdc Network","country":null,"kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.coingecko.com/en/coins/comtech-gold","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/CGO","json":"https://tokenbank.world/api/tokens/CGO"},{"ticker":"XAUT0","name":"Tether Gold Tokens","issuer":null,"category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Hyperevm / Plasma / Avalanche (+11)","country":null,"kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.coingecko.com/en/coins/tether-gold-tokens","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/XAUT0","json":"https://tokenbank.world/api/tokens/XAUT0"},{"ticker":"GLDx","name":"Gold ETF (xStocks GLDx)","issuer":"Backed / Kraken (xStocks)","category":"Tokenized Commodities","yield":"Price return (gold)","yieldPct":null,"yieldKind":"price-return","minimumUsd":1,"size":"—","chains":"Solana (+Ethereum, BNB, Arbitrum, Mantle)","country":"Jersey / EU service (CySEC)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":"CH1436219740","contract":null,"source":"https://app.rwa.xyz/stocks","lastVerified":null,"tier":"curated","page":"https://tokenbank.world/token/GLDx","json":"https://tokenbank.world/api/tokens/GLDx"},{"ticker":"GLDon","name":"SPDR Gold Shares (Ondo GLDon)","issuer":"Ondo Global Markets (BVI)","category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Ethereum / BNB Chain / Solana (+1)","country":"British Virgin Islands (non-US investors only)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://docs.ondo.finance/ondo-stocks/eligibility","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/GLDon","json":"https://tokenbank.world/api/tokens/GLDon"},{"ticker":"IAUon","name":"iShares Gold Trust (Ondo IAUon)","issuer":"Ondo Global Markets (BVI)","category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Ethereum / BNB Chain / Hyperevm (+1)","country":"British Virgin Islands (non-US investors only)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://docs.ondo.finance/ondo-stocks/eligibility","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/IAUon","json":"https://tokenbank.world/api/tokens/IAUon"},{"ticker":"FGDLx","name":"Franklin Responsibly Sourced Gold ETF xStock","issuer":"Backed / Kraken (xStocks)","category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Solana / Ethereum (+9)","country":"Jersey / EU service (CySEC)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":"CH1500008862","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/FGDLx","json":"https://tokenbank.world/api/tokens/FGDLx"},{"ticker":"FGDLon","name":"Franklin Responsibly Sourced Gold ETF (Ondo FGDLon)","issuer":"Ondo Global Markets (BVI)","category":"Tokenized Commodities","yield":"Price return","yieldPct":null,"yieldKind":"price-return","minimumUsd":null,"size":null,"chains":"Ethereum / BNB Chain / Solana","country":"British Virgin Islands (non-US investors only)","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://docs.ondo.finance/ondo-stocks/eligibility","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/FGDLon","json":"https://tokenbank.world/api/tokens/FGDLon"},{"ticker":"GLD","name":"SPDR Gold Trust, SPDR Gold Shares (Dinari GLD)","issuer":"Dinari","category":"Tokenized Commodities","yield":"","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":"ethereum / base / arbitrum-one / avalanche / hyperevm","country":"United States","kycSecondary":"required","maturity":null,"lifecycle":"live","isin":null,"contract":"0x43c72ea1736072f42f785e704e5244cc5b9a6779","source":"https://docs.dinari.com/docs/245-tradable-assets","lastVerified":"2026-10-16","tier":"imported","page":"https://tokenbank.world/token/GLD","json":"https://tokenbank.world/api/tokens/GLD"},{"ticker":"IAU","name":"iShares Gold Trust (Dinari IAU)","issuer":"Dinari","category":"Tokenized Commodities","yield":"","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":null,"country":"United States","kycSecondary":"required","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://docs.dinari.com/docs/245-tradable-assets","lastVerified":"2026-10-16","tier":"imported","page":"https://tokenbank.world/token/IAU","json":"https://tokenbank.world/api/tokens/IAU"}],"programs":[],"underlyings":[],"sources":[],"_links":{"page":"https://tokenbank.world/answers/tokenized-gold-tokens","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “Which tokenized gold can I buy — tokens backed by bullion, or tokens on a gold ETF?”, https://tokenbank.world/answers/tokenized-gold-tokens (data as of 2026-10-19), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}