Wintermute, a crypto market maker, has launched institutional over-the-counter trading for tokenized gold products Pax Gold (PAXG) and Tether Gold (XAUT). The platform will facilitate trades of these tokenized assets against USDT, USDC, fiat currencies, and other major cryptocurrencies. The move comes amid rising gold prices and growing institutional interest, with the tokenized gold market projected to surpass $15 billion by 2026.