Wintermute launches institutional OTC trading for tokenized gold
Market maker Wintermute adds Pax Gold and Tether Gold to its institutional over‑the‑counter desk amid growing interest in asset‑backed tokens.
Market maker Wintermute has launched institutional over‑the‑counter (OTC) trading for tokenized gold, announcing the rollout on Feb. 16 and positioning the firm in the digital commodities market [1][3].
The new OTC desk supports the two largest gold‑backed tokens by market capitalization — Pax Gold (PAXG) and Tether Gold (XAUT) — and will offer execution services for institutional clients [3][4].
Wintermute framed the move as a response to rising interest in asset‑backed tokens and projected significant market expansion: CEO Evgeny Gaevoy forecast the tokenized gold market could reach $15 billion by the end of 2026, while the sector's market capitalization recently hit roughly $5.4 billion [1][2][4].
The launch gives institutional investors direct OTC access to on‑chain gold tokens through Wintermute's desk, reflecting broader demand for tokenized commodities in the crypto market [1][3].
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Citations
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- 1Wintermute adds tokenized gold to institutional OTC deskcrypto.news• Feb 17, 2026
- 2Wintermute Expands Into Tokenized Gold Trading, Forecasts $15B Market in 2026CoinGape• Feb 17, 2026
- 3Wintermute Launches Institutional OTC Trading for Tokenized GoldETHNews• Feb 17, 2026
- 4Wintermute Launches Institutional Gold Token Trading As Market Cap Hits $5.4BYellow• Feb 16, 2026
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