CZ Urges Governments to Tokenize Stocks and Issue National Stablecoins

Binance founder Changpeng Zhao (CZ) has been pitching his vision for sovereign blockchain adoption to governments across Asia. His key recommendations include tokenizing national stock markets and issuing national stablecoins, which he believes will expand local currency usage on the blockchain.

CZ shared these ideas after meeting with country leaders and regulators in the region, although he did not disclose specific countries involved. He advocates for real-world assets (RWA) tokenization, citing its potential to turn company shares into blockchain tokens that can be traded around the clock.

The RWA market has grown rapidly, reaching over $32 billion by mid-2026, up from about $6 billion a year earlier. Several exchanges already list tokenized stocks and ETFs tied to major U.S. companies, with Boston Consulting Group projecting tokenization could reach $16 trillion by 2030.

CZ wants countries to tokenize their stocks, allowing worldwide buyers to participate. He also advocates for governments issuing fiat-backed stablecoins, which would extend a currency's reach across blockchain rails and support its next growth phase.