What changed
Its 2026 North America report argues that foreign stablecoin and tokenized Treasury buyers add demand for US debt Holders in Italy, Portugal, and Singapore each own a larger share of geolocated tokenized US Treasury value than US holders, according to Chainalysis A Retail Route Into a Wholesale Market Tokenized The post The Biggest Buyers of On-Chain US Debt Aren’t Where You’d Expect appeared first on BeInCrypto
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is its 2026 North America report argues that foreign stablecoin and tokenized Treasury buyers add demand for US debt
Trading lens
Use this as watchful context from beincrypto.com. Watch whether holders in Italy, Portugal, and Singapore each own a larger share of geolocated tokenized US Treasury value than US holders, according to Chainalysis confirms momentum, invalidates active bias, or changes timing.