Stellar Holds 42% of Tokenized Non-U.S. Government Debt Market

Stellar held $319 million in tokenized government debt issued outside the United States on Sept. 30, giving the network 42% of the $766 million tracked across blockchains.

The share rose from 0.7% over 12 months, and Stellar had the largest allocation among networks. Its holdings had approached $500 million around midyear before declining to $319 million by September. The broader market had approached $1.1 billion before falling to $766 million by September.

An Aug. 20 snapshot of Stellar's non-U.S. government debt holdings put them at about $490 million.

Tokenization uses blockchain-based tokens to represent rights linked to assets. The debt figure tracks assets on the Stellar network and does not measure demand for Stellar Lumens (XLM).