Circle's New Tokenized Gold and Silver Exchange Brings Precious Metals Trading On-Chain

The digital payments platform Circle is making a strategic move into the commodities market. Through its latest initiative CircleMetals, the company is opening access to tokenized precious metals, enabling users to trade gold and silver directly through blockchain infrastructure.

Users can now exchange USDC stablecoins for GLDC (tokenized gold) and SILC (tokenized silver) at prices that reflect real-time market conditions. The liquidity backbone comes from COMEX, one of the world’s largest derivatives markets for precious metals, ensuring that pricing remains competitive and trustworthy.

This development marks a significant expansion of Circle’s blockchain ecosystem. By bringing physical commodities onto the blockchain through tokenization, the platform bridges traditional finance with decentralized infrastructure. The move addresses growing demand from investors seeking exposure to physical assets without the friction of traditional precious metals trading.

The integration of USDC as the conversion medium is strategic—it leverages the stablecoin’s growing adoption while maintaining direct ties to the U.S. dollar. This approach reduces friction in the exchange process and opens the market to a broader audience of crypto-native users who want exposure to gold and silver without leaving their digital wallets.

For precious metals investors, this represents a new avenue to access bullion-backed assets with blockchain transparency and settlement speed. For Circle, it’s a way to deepen its position in the on-chain economy by offering services that traditional financial players have dominated for decades.