Market
Tokenized commodities already exist
Public information, in general terms: it can be found with a search engine.
Already live
Examples in the public domain
01
Tokenized gold: Pax Gold
Pax Gold (PAXG), issued by Paxos Trust Company, N.A., represents one fine troy ounce of a London Good Delivery gold bar held in LBMA vaults, and operates on Ethereum and Solana.
Source: Paxos, PAX Gold, read 7 October 2026
02
Tokenized gold: Tether Gold
Tether Gold (XAUt) describes itself as a digital token backed by physical gold, transferable to any on-chain address and redeemable to physical gold.
Source: Tether Gold, read 7 October 2026
These are third-party products. SGM has no relationship with them and is not offering them.
Regulators
The rules are being written
In January 2026 the staff of three SEC divisions stated that the format in which a security is issued, or the way holders are recorded, does not change how the federal securities laws apply, and distinguished tokenization by the issuer from tokenization by third parties. A staff statement is a view, not a Commission rule.
Source: SEC, Statement on Tokenized Securities, 28 January 2026
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Where we fit
The token is one stage of ten
Creating a token is the part most people know how to do. Going to market well is the part that needs a guide.
We take a commodity from the first day to the go-to-market, in one path of ten stages.