Svmuu News Bitfinex released a report stating that tokenized commodities are transitioning from early-stage experiments to practical applications, becoming a significant manifestation of real-world assets (RWA) being restructured on the blockchain. The core is not about creating new demand but rather reshaping existing market infrastructure.
Data shows that the total market capitalization of tokenized commodities has reached approximately $7 billion, growing nearly 600% since the beginning of 2025. The current main participants include crypto-native investors and high-net-worth individuals. Against the backdrop of increasing geopolitical volatility, tokenization is enhancing asset liquidity and risk management flexibility.
Gold remains the primary entry point, with Tether Gold holding nearly 40% of the market share. The report points out that on-chain gold possesses characteristics such as real-time transferability and global auditability, making it more suitable as collateral compared to physical gold. It can also break through traditional trading hours and settlement limitations.
Beyond gold, tokenized commodities have expanded into areas such as oil, natural gas, and agricultural products. The scale for soybeans and soybean oil is each around $400 million, with green financing-related exposure totaling approximately $850 million, indicating the model's potential for cross-category expansion. Simultaneously, blockchain's traceability enhances supply chain transparency, meeting regulatory and ESG requirements.
Bitfinex believes that the future focus of tokenization will shift from precious metals to industrial products like copper and oil. By improving collateral efficiency, asset circulation speed, and transparency, the transition will move from "product innovation" to "market infrastructure upgrade."