Chainalysis says tokenization is expanding the overseas market for U.S. Treasuries, with U.S. holdings accounting for 10.5%
BIBIBI
AT A GLANCE
Chainalysis says the combined share of tokenized U.S. Treasuries held by Italy, Portugal, and Singapore is 66.9%, while the United States is 10.5%。
Article
Chainalysis: Tokenization is expanding the overseas market for U.S. Treasuries, while U.S. holdings account for only 10.5%
PANews October 18 According to an analysis published by Chainalysis, tokenization is expanding the overseas market for U.S. Treasuries. Based on its 2026 data, tokenized U.S. Treasuries held by Italy, Portugal, and Singapore (by geographic location) account for 66.9%of the total, while the United States accounts for 10.5%. Chainalysis noted that tokenization lowers minimum holding thresholds and does not require opening a U.S. brokerage account, providing overseas investors with another route to invest in U.S. Treasuries.
PANews reported on October 18 an analysis published by Chainalysis.
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Chainalysis says tokenization is expanding the overseas market for U.S. Treasuries.
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According to Chainalysis's 2026 data, tokenized U.S. Treasuries held by Italy, Portugal, and Singapore, by geographic location, account for 66.9%。
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According to the same data, tokenized U.S. Treasuries held by the United States account for 10.5%。
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Chainalysis noted that tokenization lowers minimum holding thresholds and does not require opening a U.S. brokerage account.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized U.S. Treasuries can be understood as U.S. Treasury-related assets held or traded in token form. The data in the report state that the relevant holdings are mainly distributed across Italy, Portugal, and Singapore, with the United States accounting for a relatively low proportion. Chainalysis believes that lower minimum holding thresholds and the lack of a need for a U.S. brokerage account give overseas investors another route to invest in U.S. Treasuries.
Why it matters to readers
These data suggest that tokenized U.S. Treasuries may have a pronounced overseas holding profile and that lower participation thresholds may be a factor attracting overseas investors.
Beginners should focus on points: tokenization may lower investment thresholds; and the holding proportions in the article are calculated by geographic location, rather than representing country-level holdings across the entire U.S. Treasury market.
Risks and unknowns
The evidence does not provide Chainalysis's original data table, methodology, sample scope, or complete analysis.
It is not possible to verify based on this article alone 66.9%and 10.5%their calculation methods and representativeness.
The evidence does not specify the particular tokenized U.S. Treasury products or their issuance, liquidity, or cross-border access conditions.
“Tokenization is expanding the overseas market for U.S. Treasuries” is an analytical conclusion by Chainalysis; this article provides no additional data to validate the trend of change.
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Related concepts
Tokenization
The process of converting a physical asset into digital form or a token to represent its value and ownership.
