Over Two-Thirds of Tokenized US Treasuries Concentrated in Three Countries, Chainalysis Finds

Blockchain analytics firm reports the three countries dominate a market that has grown 125% over the past year Chainalysis has identified a sharp geographic concentration in the market for tokenized US Treasuries. The blockchain analytics firm found that Italy, Portugal and Singapore together account for 66.9% of all such holdings. The finding points to an uneven global distribution of a financial product still in its early growth phase. Tokenized Treasuries represent ownership of US government debt instruments recorded on a blockchain rather than through traditional custodial systems.

Source: TheCoinrise