[Wintermute Launches Institutional-Grade Tokenized Gold Trading, Market Size Expected to Reach $15 Billion by 2026] Odaily Planet Daily reports that crypto market maker Wintermute has announced the official launch of its OTC desk's tokenized gold trading service for institutional clients. The service supports two major gold-pegged tokens, Pax Gold (PAXG) and Tether Gold (XAUT), marking the company's official entry into the tokenized commodities market. Wintermute stated that it will provide institutional investors with blockchain-settled gold trading exposure through algorithm-optimized spot execution services. The company's CEO, Evgeny Gaevoy, predicts that with growing institutional demand, the tokenized gold market size could expand to $15 billion by 2026, approximately 2.8 times its current size. Data shows that in Q4 2025, tokenized gold trading volume surpassed the combined trading volume of the five major gold ETFs for the first time, reaching $126 billion. During the same period, the on-chain gold market cap grew by over 80% within three months, rising from approximately $2.99 billion to $5.4 billion, reflecting the market's increasing demand for 24/7 liquidity and instant settlement.