[Ethereum On-Chain RWA Market Surpasses $15 Billion, Tokenized Gold Contributes Over $4 Billion] According to ARKM Research, as reported by Jinse Finance, the market size of real-world assets (RWA) on the Ethereum blockchain has exceeded $15 billion, accounting for 58% of the global RWA market. This growth is primarily driven by tokenized gold. Currently, the tokenized gold market exceeds $4 billion, with two major products being Tether Gold (XAUT) and Paxos Gold (PAXG). XAUT is backed by physical gold stored in Swiss vaults and holds the top market value among tokenized gold products, while PAXG is regulated by the New York Department of Financial Services (NYDFS), with each token corresponding to one troy ounce of physical gold. ARKM Research highlights that tokenized gold combines the security of physical gold with the liquidity of digital assets, gradually moving out of its niche status to compete directly with mainstream crypto derivatives. Additionally, perpetual contract trading platforms for gold and silver on-chain have recently recorded all-time high trading volumes.