Binance co-founder Changpeng Zhao popularly known as “CZ”, has urged countries to embrace broad-based asset tokenization.
He stated that the emerging technology could provide a powerful new avenue for raising capital and attracting foreign direct investment (FDI).
In a post on X, he wrote,
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“Let’s tokenize everything. Tokenization is one of the best ways for countries to “raise money”, or attract FDI (Foreign Direct Investment). Which country/company won’t want to sell their (tokenized) stocks to everyone in the world?
“I support tokenization on all blockchains. While this creates the fragmented liquidity problem, it is the fastest way to grow the sector, with multiple players pushing. Fragmentation can be somewhat addressed if there is high interchangeability amongst different issuers, which is important.”
His call reflects the growing push to bring real-world assets onto blockchain networks, potentially opening national economies to a wider pool of global investors.
The statement came in response to fresh data from BNB Chain showing 776,000 real-world asset (RWA) holders on the network, an increase of roughly 370 percent in just 30 days.
That rapid growth has positioned BNB Chain as a current leader in on-chain RWA adoption. CZ used the milestone as a springboard to argue that tokenization should expand far beyond any single chain.
At its core, his argument is straightforward. Tokenizing stocks, bonds, real estate, and other traditional assets makes them programmable, fractional, and accessible to anyone with an internet connection and a compatible wallet.
A company or government that issues a tokenized equity or debt instrument can, in theory, sell pieces of it to investors anywhere in the world without the usual geographic, regulatory, or intermediary barriers that constrain conventional capital markets.
Tokenization is increasingly being viewed as one of the most significant applications of blockchain technology because it can transform how real-world assets are issued, owned, traded, and financed.
By representing assets such as government bonds, real estate, commodities, company shares and other financial instruments as digital tokens on a blockchain, tokenization can make traditionally illiquid or difficult-to-access markets more accessible to a broader pool of investors.
For nations, the potential benefits extend beyond simply adopting a new financial technology. Tokenization could provide governments and businesses with another mechanism to raise capital and attract foreign direct investment.
Instead of relying exclusively on traditional financial institutions and markets, countries could create regulated digital representations of assets and investment opportunities that can potentially be accessed by investors across different jurisdictions.
Notably, CZ explicitly supports tokenization across all blockchains rather than concentrating activity on one network. He acknowledges the downside this creates which is fragmented liquidity.
For him, when the same type of asset exists in slightly different forms on multiple chains, buyers and sellers can find themselves split across isolated pools, reducing overall market efficiency.
The broader context for CZ’s comment is the accelerating migration of real-world value onto public blockchains. Tokenized treasuries, private credit, real estate, and equities have moved from proof-of-concept to measurable on-chain volumes in recent years.
Outlook
Looking ahead, the tokenization sector could become an increasingly important part of global capital markets as financial institutions, governments, and companies explore blockchain-based alternatives for issuing and distributing assets.
If the current pace of adoption continues, tokenized stocks, bonds, treasuries, real estate and private-market assets could move from niche applications into more mainstream investment products.
Ultimately, the long-term potential of tokenization extends beyond simply putting traditional assets on a blockchain. Its larger promise is the creation of a more accessible, programmable, and globally connected capital market.