# Japan Has 16.4% of Known-Location Tokenized Treasury Holders, 0.4% of Value By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/34216 Published: 2026-10-18T01:03:01.000Z Updated: 2026-10-18T01:03:01.000Z Section: Investing > Among tokenized U.S. Treasury assets with identifiable holder locations, Italy, Portugal and Singapore accounted for 66.9% of value, versus 10.5% for the United States. The market grew 125% to $15.42 billion in the ye… Japan accounted for 16.4% of holders of tokenized U.S. Treasury assets with identifiable locations, but just 0.4% of their value, showing a wide gap between holder count and the value held. Among tokenized U.S. Treasury assets with identifiable holder locations, Italy represented 29.9% of value, Portugal 18.8% and Singapore 18.2%. Together, the three countries accounted for 66.9% of value in that group; the United States ranked fourth at 10.5%. These country shares cover only assets for which holder locations could be identified. The tokenized U.S. Treasury market reached $15.42 billion in the 12 months through July 1, 2026, up 125% from $6.86 billion. The holder-count comparison adds another measure to [earlier coverage of U.S. holdings in tokenized Treasuries](): Japan ranked first by number of holders, despite its small share of value. Lower minimum investments and the ability to gain exposure to U.S. Treasuries without opening a U.S. securities brokerage account have broadened access for some overseas investors. The market growth figure covers the year ending July 1, 2026. ## Links in this article - [earlier coverage of U.S. holdings in tokenized Treasuries](https://www.tokenpost.com/news/investing/34135)