Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal

Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted. What to know : Paxos Gold (PAXG) posted a record inflow of $248 million in January, boosting its market cap to $2.2 billion. The tokenized gold market crossed $5.5B as investors seek stable value amid crypto stagnation. The moves occurred as gold prices surged to new records above $5,300.(Coindesk)