OTC Trading
Institutionalizing Tokenized Gold: Wintermute, PAXG/XAUT and the OTC Playbook
Wintermute’s launch of institutional OTC trading for PAXG and XAUT accelerates tokenized gold’s move from retail curiosity to professional market utility. This article dissects OTC structure, custody and settlement mechanics, TAM considerations, regulatory frictions, and practical steps for treasury and asset managers.
Published at 2026-02-17 16:01:45