Recently, I’ve noticed that the commodity tokenization track is really gaining momentum. According to a market report released by a major exchange, the total market value of tokenized commodities has surpassed $7 billion, growing nearly sixfold in just over a year, which is quite crazy.

Interestingly, what’s driving this growth isn’t a new concept, but the practical convenience brought by putting real assets on the blockchain. Gold tokenization is leading the way, with Tether Gold accounting for nearly 40% of the market share. It makes sense—traditional gold trading is limited by trading hours, settlement cycles, and geographic restrictions. Tokenized gold directly solves these pain points, enabling 24-hour trading, second-level settlements, and global liquidity, which is indeed an upgrade for large asset management.

Even more interesting is that this model has started expanding to other commodities. Oil and gas, agricultural products—these industrial goods are also beginning to be tokenized, with soybeans and soybean oil reaching scales of $400 million each. Exposure related to green finance has also totaled around $850 million. This shows that commodity tokenization isn’t only about gold anymore.

From the perspective of supply chain transparency, blockchain’s traceability adds extra value to this track. As regulations and ESG requirements become stricter, tokenized commodities naturally meet these demands, which could be another driver of growth.

Looking ahead, the real turning point might be in industrial commodities. Once major commodities like copper and crude oil are fully tokenized, the entire market infrastructure will undergo a qualitative upgrade. It’s not just product innovation, but a true transformation of market operations—improving collateral efficiency, speeding up asset circulation, and increasing transparency. This logic seems quite clear, and it’s worth continuously monitoring the developments in this track.