CZ Pushes Governments to Tokenize Stocks and Issue National Stablecoins

Binance founder Changpeng Zhao (CZ) is pushing governments to adopt blockchain technology by tokenizing their stock markets and issuing national stablecoins. He believes this move will attract worldwide buyers and expand local currency usage on the blockchain.

CZ made his pitch after meeting with Asian leaders and regulators, describing the talks as making good progress. The advice centers around real-world assets (RWA), where company shares are turned into blockchain tokens that can be traded 24/7. Supporters argue this approach offers fractional ownership, faster settlement, and access for buyers outside traditional brokerages.

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

CZ wants governments to issue fiat-backed stablecoins to extend their currency's reach across blockchain rails and support its next growth phase. Dollar-pegged tokens make up nearly 99% of the roughly $315 billion stablecoin market, led by Tether (USDT) and USD Coin (USDC), DefiLlama figures show.