[a16z crypto: The Tokenized Commodity Market is Almost Entirely Dominated by Gold] Deep Tide TechFlow reports that on May 23, a16z crypto stated that the tokenized commodity market is currently almost entirely composed of gold. It pointed out that gold is well-suited for tokenization due to its global liquidity, standardized characteristics, and the fact that it has long been tracked through paper certificates. a16z crypto also mentioned that crypto investors are not unfamiliar with this model, as Bitcoin was referred to as 'digital gold' even before the rise of tokenized gold. Among them, XAUt and PAXG migrate the traditional gold ownership model to the blockchain, converting gold holdings in vaults into on-chain tokens stored in wallets. In contrast, areas such as tokenized oil, crops, energy, and computing power are still in much earlier stages, with smaller market shares.