Binance founder Changpeng Zhao has urged governments to tokenize national stock markets and issue country-backed stablecoins, arguing that blockchain-based financial infrastructure could widen global access to equities and expand the use of local currencies in digital markets.
Zhao, widely known as CZ, said countries should allow their stocks to be tokenized so buyers around the world can access them more easily. He also said governments should issue their own stablecoins to increase the use of national currencies on blockchain networks.
His comments followed meetings with country leaders and regulators in Asia, where he said discussions were focused on advancing crypto adoption. CZ said progress was being made, though he did not identify the governments involved or provide details on specific policy proposals.
Tokenized stocks allow traditional shares to be represented as digital tokens on a blockchain. Supporters say the model can enable broader access, fractional ownership, faster settlement, and trading beyond standard market hours.
CZ said tokenizing stocks would allow worldwide buyers to participate in national equity markets. The proposal reflects a wider industry shift toward tokenized real-world assets, where bonds, funds, stocks, commodities, and other financial instruments are issued or represented on-chain.
Countries need to tokenize their stocks, allowing worldwide buyers. (RWA)
Countries need to issue their own stablecoin(s), to expand their currency's usage on the blockchain. https://t.co/054AbZj21b
— CZ
BNB (@cz_binance) June 17, 2026
Tokenized assets on public blockchains have grown rapidly. RWA.xyz data cited in industry reports placed the value of tokenized real-world assets at about $32 billion by mid-2026, up from roughly $6 billion a year earlier. Boston Consulting Group has previously forecast that tokenization could become a much larger market by 2030.
Binance has also projected that tokenized assets and crypto super-apps could attract hundreds of millions of new users and trillions of dollars in capital flows over the next five years. However, the structure of tokenized stocks remains an important issue because some products are synthetic instruments and do not provide the same rights as direct ownership of listed shares.
Alongside tokenized stocks, CZ said countries need to issue their own stablecoins to expand their currencies’ use on blockchain networks. Stablecoins are digital assets typically pegged to fiat currencies and used for payments, trading, remittances, and settlement.
The current stablecoin market remains dominated by U.S. dollar-backed tokens such as USDT and USDC. DefiLlama data cited in industry reports showed that dollar-pegged stablecoins account for nearly 99% of a market valued at about $315 billion.
CZ’s proposal suggests that governments could reduce dependence on dollar-based digital assets by issuing stablecoins linked to local currencies. Such products could help domestic currencies circulate in blockchain-based payments, cross-border trade, and digital finance applications.
Binance CEO Richard Teng has also pointed to stablecoin adoption in emerging markets, saying many users on the platform hold a large share of their assets in stablecoins. That trend has supported arguments that stablecoins are becoming practical tools for payments and savings in countries facing currency volatility or limited financial access.
CZ’s comments come as several jurisdictions, including the United States, the United Kingdom, and Singapore, continue exploring tokenization frameworks. Governments and regulators are studying how on-chain financial assets should be issued, traded, settled, and supervised.
Bitget CEO Gracy Chen supported CZ’s view, saying the next crypto wave may focus on “brokering the unbrokered” by expanding access to markets that remain difficult for many investors to reach. She said countries that move early could shape where global capital flows next.
However, Binance continues to face regulatory pressure in key markets, which may affect how far it can participate in tokenized finance. Reports have said the exchange’s attempt to secure a European Union MiCA license through Greece has faced obstacles, while Binance has said it remains committed to gaining approval under the framework.
The exchange’s regulatory position matters because tokenized stocks would likely require close coordination with securities regulators, exchanges, custodians, and local market authorities. Any large-scale rollout would need clear rules on investor rights, disclosures, custody, market access, and redemption.
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