Bank of Taiwan is reportedly studying how gold could be tokenized on blockchain, as banks look for ways to digitize traditional assets.
Bank of Taiwan, the state-owned bank known for its precious-metals business, hosted a forum on tokenized gold as financial institutions look for ways to move real-world assets onto blockchain rails.
The bank held the Precious Metals RWA Tokenization Forum around its 127th anniversary, local news outlets reported on Monday, May 25.
Chung-yuan Ling, chairman of the Bank of Taiwan, noted that precious metals have always been an integral element of the activities of the Bank of Taiwan, and the bank plans to keep searching for ways to tokenize gold as well as other assets.
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What Banks Want From Tokenized Gold
According to the bank, blockchain will revolutionize the existing gold market through its ability to reduce constraints with regard to storage, liquidity, and transaction fees, although it’s not clear whether the bank intends to utilize public platforms or build its own private system.
It described tokenized gold as a way to turn gold from a traditional safe-haven asset into a programmable digital base asset that could be used in decentralized finance, though no specific details were revealed.
CoinGecko data shows Tether Gold, the gold-backed token issued by Tether, remains the leader in terms of issued tokenized gold with a market value of about $2.7 billion, followed by PAX Gold, the gold-backed token from Paxos, which has a market value of about $2.1 billion.
Tether has also emerged as a bigger physical gold buyer. As Reuters reported in January, Tether had purchased 27 metric tons of gold in Q4 2025, while it was holding 16.2 tons of gold for backing XAUT▲$4,310.03 till December last year.
Paxos claims that each PAXG▲$4,320.05 token symbolizes one troy ounce of London Good Delivery gold bar stored professionally.
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