Italy, Portugal and Singapore hold nearly 67% of tokenized U.S. Treasuries, Chainalysis data shows
Foreign investors hold the overwhelming majority of geolocated tokenized U.S. Treasuries in personal wallets, with Italy, Portugal, and Singapore combining for 66.9% compared to 10.5% in the U.S.

Overseas investors account for the vast majority of geolocated tokenized U.S. Treasuries, led by massive concentrations in Europe and Asia, according to 2026 data from blockchain analytics firm Chainalysis reported by Cointelegraph and Crypto Briefing. Italy, Portugal, and Singapore collectively hold 66.9% of the identified value, while U.S. holders account for just 10.5%.[1][2][3]
The underlying Chainalysis research mapped tokenized U.S. Treasury holdings across countries by measuring the relative value stored in personal wallets. The findings highlight how blockchain-based tokenization has lowered barriers to entry, enabling non-U.S. investors to gain direct exposure to government debt without opening accounts at traditional American brokerages.[1][2]
Key facts
- Italy, Portugal, and Singapore collectively account for 66.9% of geolocated tokenized U.S. Treasury holdings, according to 2026 Chainalysis data.
- Holders in the United States account for 10.5% of identified tokenized U.S. Treasuries.
- The Chainalysis dataset measures the relative value of tokenized U.S. Treasuries held in personal wallets across countries.
- Tokenization allows overseas investors to access U.S. Treasuries without establishing a U.S. brokerage account.
Sources · 3 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Overseas investors dominate geolocated tokenized U.S. Treasury holdings Italy, Portugal and Singapore account for 66.9% of identified holdings in 2026 data, versus 10.5% for the U.S., as tokenization lowers entry barriers and lets foreign investors access Treasuries without a U.S. brokerage account.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
⚡ NEW: Italy, Portugal and Singapore hold 66.9% of geolocated tokenized US Treasuries, while Americans hold just 10.5%, according to Chainalysis. https://t.co/emN41aSDZA
Open source - CB
Crypto BriefingArticle ·
Chainalysis: Italy, Portugal and Singapore hold 66.9% of tokenized US Treasuries The dominance of foreign holders in tokenized US Treasuries highlights shifting global investment dynamics and potential impacts on US financial influence. The post Chainalysis: Italy, Portugal and Singapore hold 66.9% of tokenized US Treasuries appeared first on Crypto Briefing .
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