Wintermute has stepped deeper into the real-world asset space. The crypto market maker has launched institutional OTC trading for tokenized gold. The firm already handles more than $2 billion in daily crypto volume. Now, it wants to bring that liquidity to gold-backed digital tokens.
Through this new service, institutions can trade PAX Gold (PAXG) and Tether Gold (XAUT) directly with Wintermute’s OTC desk. Both tokens represent real gold stored in secure vaults. However, instead of moving physical bars, investors transfer ownership on the blockchain. As a result, trades settle faster and with fewer middlemen.
Why Wintermute Targets Tokenized Gold Now
The tokenized gold market remains small today. It stands at roughly $540 million in value. However, Wintermute expects rapid growth. The firm projects the market could reach $15 billion by the end of 2026.
Several factors drive this outlook. First, gold prices have surged over the past year. Gold has even outperformed Bitcoin during this period. Because of economic uncertainty and inflation concerns, many investors now seek safer assets. Therefore, tokenized gold offers a familiar store of value in a modern format.
In addition, institutions want easier access to real-world assets on blockchain networks. Tokenized gold allows them to trade, move, and store value digitally. At the same time, they maintain exposure to physical bullion.
How Wintermute’s OTC Model Adds Value
Wintermute structures these trades through its over-the-counter desk. Unlike public exchanges, OTC desks arrange private deals between large buyers and sellers. Consequently, large orders do not move the open market price.
This setup helps hedge funds and asset managers execute sizable trades smoothly. Moreover, it reduces slippage and improves price efficiency. Because Wintermute supplies liquidity directly, institutions can complete transactions with speed and discretion.
A Clear Step Toward TradFi-Crypto Convergence
Wintermute’s launch shows a broader shift in finance. Increasingly, firms bring traditional assets onto blockchain rails. Gold represents a natural starting point because investors already trust it.
Furthermore, blockchain settlement reduces delays and cuts operational friction. Instead of waiting days for clearing, institutions finalize trades almost instantly. Over time, this efficiency may attract even more capital.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Electricity Is Now Tokenized on XRP Ledger With $861 Million In Live Value
_XRP Ledger now hosts $861M in tokenized electricity via JMWH, tracking real energy use on-chain with full transparency._
The XRP Ledger continues to expand beyond payments. A new use case now tracks real electricity consumption on-chain, highlighting a live market tied to energy assets.
The
LiveBTCNews5h ago
A Trump family crypto project, WLFI, borrows $31.4 million via Dolomite, and controversy has been sparked by overlapping adviser roles
A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.
GateNews5h ago
Circle launches a CPN hosted payments product, allowing financial institutions to operate on its payment network
Circle’s official announcement: it is launching CPN managed payments, enabling banks and fintech companies to conduct fiat and stablecoin transactions on the Circle Payments Network without having to manage digital assets or compliance requirements themselves. This will accelerate the adoption by global financial institutions and expand Circle’s product lineup.
GateNews5h ago
MoonPay partners with WalletConnect and Ingenic to bring stablecoin payments into retail settings
Gate News message, April 9, MoonPay announced a partnership with WalletConnect and payments acquiring and services provider Ingenic, aiming to bring stablecoin payments into physical retail scenarios. MoonPay virtual accounts (Virtual Accounts), supported by Iron, will provide fiat settlement services for stablecoin payments at checkout.
GateNews6h ago
Tether Gold full-chain version XAUt0 launches on Conflux
Gate News message, on April 9, the all-chain deployment version of Tether Gold (XAUt), XAUt0, is now live on Conflux, introducing tokenized gold that can be seamlessly transferred between supported chains. Previously, USDT0 was launched on Conflux, providing unified dollar liquidity.
GateNews6h ago
Securitize appoints former U.S. SEC official Brett Redfearn as President and a member of the board of directors
Securitize, an asset tokenization platform, appointed Brett Redfearn as President and a member of the board of directors on April 9. Redfearn previously served as Chair of the advisory committee and has extensive experience in regulation and market structure, helping advance the development of capital markets.
GateNews7h ago
