CoinTelegraph
Italy, Portugal and Singapore account for 66.9% of geolocated tokenized US Treasury holdings, while US holders account for 10.5%, Chainalysis data shows.
Why it matters
The figures point to a sharp geographic concentration in the market for tokenized government debt. Three countries hold nearly two-thirds of the geolocated total, making international adoption a central feature of the sector.
Market impact
The data gives issuers, financial institutions and policymakers a clearer signal on where demand for tokenized Treasuries is emerging. The 10.5% US share also shows that adoption is not yet concentrated in the market whose government debt underlies the instruments.
Frequently asked questions
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Which countries hold most of the geolocated tokenized US Treasuries?
Italy, Portugal and Singapore together account for 66.9% of geolocated tokenized US Treasury holdings.
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What share of geolocated tokenized Treasuries do US holders have?
US holders account for 10.5% of the geolocated tokenized US Treasury holdings cited by Chainalysis.
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What does the geographic split say about tokenized Treasury adoption?
It shows that adoption is strongly international, with three non-US countries holding nearly two-thirds of the geolocated total.
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Why is the US share notable in this market?
The 10.5% share shows that adoption is not yet concentrated in the country whose government debt underlies the instruments.
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Who could use this data on tokenized Treasuries?
Issuers, financial institutions and policymakers can use the figures to identify where demand for blockchain-based government debt is emerging.
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