Tokenized gold shines even as crypto market cap drops 40% in Q1 - Swyftx

Kitco reports that while the broader crypto market plunged about 40% from its peak in Q1 2026, tokenized gold has been a standout. Tokenized-gold adoption grew 2.6x faster than physical gold, with tokenized-gold market capitalization surpassing $5 billion and rising 65% last year. Tether Gold (XAUt) leads the tokenized-gold space with a 45% share and a 40% increase in TVL in Q1. Bitcoin has found support near $60,000 but remains below $80,000, underscoring a muted crypto backdrop. Industry sources say institutional appetite for digitized real-world assets remains bullish, and continued strength in the gold price (above $4,700/oz) should support further tokenized-gold demand. Overall, the piece highlights a market-data-driven shift toward tokenized commodities — especially gold — even as crypto markets cool.