Gold Overtakes US Treasuries: What It Means for Tokenized Gold

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Gold just reclaimed its place at the top of global reserves. Tokenized gold is emerging as the infrastructure layer that follows. The ECB is careful about the mechanics. Much of the shift reflects ...

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Tokenized gold is emerging as the infrastructure layer that follows.\nThe ECB is careful about the mechanics. Much of the shift reflects ...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/26/06/52984249/gold-overtakes-us-treasuries-what-it-means-for-tokenized-gold\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JDST","symbol_name":"金矿指数二倍做空ETF","start_time":0,"source_url":"https://www.benzinga.com/Opinion/26/06/52984249/gold-overtakes-us-treasuries-what-it-means-for-tokenized-gold","article_id":"2640181113","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=120,dpr=2,format=auto,quality=85/files/images/story/2026/06/03/shutterstock-audrey-nesbitt.jpeg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/Opinion/26/06/52984249/gold-overtakes-us-treasuries-what-it-means-for-tokenized-gold","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640181113","pubTimestamp":1780513260,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Tokenized gold is gaining momentum as gold overtakes U.S. Treasuries in global reserves. 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Tokenized gold is emerging as the infrastructure layer that follows.\nThe ECB is careful about the mechanics. Much of the shift reflects valuation effects rather than a wholesale restructuring of central bank portfolios. Gold prices rose roughly 30% in 2024 and approximately 60% in 2025, which mechanically lifted gold’s market-value share relative to fixed-income holdings priced in nominal terms. That distinction matters for analytical honesty, but it does not diminish the broader signal.\nOne data point worth flagging: stablecoin issuer Tether purchased more than 100 tonnes of gold in 2025, making it one of the largest single buyers globally that year. The ECB flagged this directly, noting that stablecoin growth could carry broader macroeconomic implications. Its inclusion in a central bank reserve report highlights how digital asset infrastructure is becoming increasingly relevant to global precious metals markets.\nOne important nuance: dollar-denominated assets still represented the largest share of global reserves at 42%. This is a re-ranking of individual asset classes, not a dismantling of the dollar reserve system. \nThree converging forces explain how gold moved from 20% to 27% of global reserves in a single year.\nPrice appreciation compounding over fixed income. Gold’s multi-year rally rewrote the math on reserve portfolios. When an asset appreciates 60% in a year, its share of any diversified portfolio rises sharply even without new purchases. U.S. Treasuries, priced in nominal terms with yields that do not move in the same direction, lost relative ground on a market-value basis.\nSanctions risk reshaping reserve strategy. The freezing of Russian dollar reserves in 2022 sent a clear message to every central bank watching: sovereign debt held in a foreign jurisdiction carries political risk that domestically stored gold does not. The shift reflects a broader effort by many countries to diversify away from the U.S. dollar, and that process has accelerated rather than stabilized.\nPrivate demand reinforcing the move. Beyond central banks, private investment demand for gold nearly doubled from 2024 to almost 2,200 tonnes, while gold-backed ETFs drew a record $89 billion in inflows. Seeing institutional investors, retail investors, and sovereign reserve managers move in the same direction simultaneously is rare. That alignment is worth noting.\nMarkets rarely wait for confirmation. By the time the ECB published its data, tokenized gold had already staged one of the more striking growth stories in the real-world asset sector.\nThese numbers reflect something beyond a price rally. Investors are reaching for tokenized gold as a 24/7, on-chain alternative to allocated bars in a vault, and the volume data suggests institutional participation is growing alongside retail demand.\nGold’s rise above U.S. Treasuries in reserve portfolios does not guarantee the success of tokenized gold. What it does establish is something more important: the underlying asset has regained strategic relevance at the highest levels of global finance. The forces behind that shift, geopolitical fragmentation, reserve diversification, and sustained central bank demand, show little sign of reversing.\nThe next question is not whether institutions want gold exposure. The question is how they will access it.\nimage credit: Author\nBenzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640181113","isCrawlerRequest":true}