Tokenized Commodity Market Expands, Lending and Crude Oil Carve Out New Tracks

On October 10, CoinDesk reported that the tokenized commodities market is transitioning from gold dominance to diversified applications, with lending and energy emerging as new frontiers. Data shows that the sector's market capitalization reached $5.55 billion by the end of March 2026, representing significant growth compared to the start of the year, though nearly 90% of this increase is still attributable to gold tokens.

To unlock the potential of real-world assets, Paxos Labs launched PAXGy to facilitate gold lending, aiming to bridge financing channels for investors and corporations; meanwhile, Theo issued thSLVR to pass on silver lease yields. Theo's Chief Investment Officer Iggy Ioppe highlighted strong market demand for productive collateral, predicting that the total market capitalization of tokenized commodities will exceed $10 billion within the next decade.

Meanwhile, the energy sector has achieved substantial progress. On October 2, Energy Substantiation (EnSub) deployed its WTI crude oil token onto the Solana network. Beyond its current offerings, development is underway for its natural gas and Brent tokens as well. CEO JP Thieriot predicts that once logistical hurdles are cleared, such tokens could eventually capture a quarter of the oil market share.