News Summary

• Paxos Labs, Theo and Energy Substantiation execs see growth coming from putting physical assets to work.
• Tokenized commodities’ market capitalization reached $5.55 billion at the end of March 2026.
• Gold-backed tokens from Paxos and Tether accounted for almost 90% of that growth.
• It could be worth tens of billions within five years and more than $100 billion within a decade, says Theo CEO Iggy Ioppe, who expects tokenization to become part of ordinary commodity settlement and financing.