Tokenized US Treasuries Go Offshore — Americans Hold Just 10.5%
Chainalysis data shows Italy, Portugal, and Singapore hold nearly 67% of geolocated tokenized US Treasuries, while Americans hold only 10.5%, raising questions about capital flight via crypto rails.
What we know
An account on X quipped that 'US treasuries finally went onchain and the first thing they did was leave the country,' citing Cointelegraph's report on Chainalysis data showing Italy, Portugal, and Singapore hold 66.9% of geolocated tokenized US Treasury products while US holders account for just 10.5%. The irony of American debt instruments being disproportionately held abroad via crypto rails is a notable early data point for the tokenized RWA narrative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.