TOKENIZATION | Decentralized Exchange, GMX, Launches Tokenized Asset Trading

Decentralized exchange, GMX, has launched 24/7 trading for gold and silver, expanding onchain access to traditional commodities as decentralized finance platforms push deeper into real-world asset markets.

The new XAU/USD and XAG/USD perpetual markets are deployed on Arbitrum and are settled using WETH-USDC liquidity, according to the protocol. Pricing is powered by Chainlink Data Streams, the same oracle infrastructure used across GMX’s existing derivatives markets.

“We’re excited to see GMX adopt Chainlink to power its newly launched gold and silver perpetual markets,” said Johann Eid, Chief Business Officer at Chainlink Labs.

“This is how we enter a new era where the world’s largest commodities are traded onchain at a massive scale.”

The launch drew more than $10 million in trading volume within its first day, highlighting early demand for round-the-clock exposure to precious metals via crypto-native rails.

GMX said gold and silver are just the beginning of a broader push into real-world asset (RWA) derivatives as more commodities and assets are evaluated. Tokenized gold now surpassed $4 billion as of January 2026 led by Tether Gold and Paxos Gold.

GMX pioneered the shared liquidity pool model for decentralized derivatives, fundamentally changing how on-chain perpetual trading functions.

The move comes amid growing interest in onchain commodity trading, as DeFi protocols look to replicate traditional financial markets in a permissionless environment. It also coincides with heightened volatility in gold prices, which recently surged amid geopolitical developments.

Stay tuned to BitKE on tokenization developments globally. 

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