From Regulator Meetings to a Sovereign Blockchain Blueprint Binance founder Changpeng Zhao (@cz_binance) has laid out what he sees as the next frontier for crypto adoption, urging governments
Binance founder Changpeng Zhao (@cz_binance) has laid out what he sees as the next frontier for crypto adoption, urging governments to tokenize their domestic stock markets and issue national stablecoins. CZ posted the recommendations after meeting several country leaders and regulators across Asia, describing the talks as making good progress without naming the countries involved.
He argued that tokenized stocks would allow global access, 24/7 trading, faster settlement, and fractional ownership. In his view, moving equities onto blockchain rails would connect national markets to the world's deepest liquidity pools, opening them to investors who are currently locked out by geography or market-access rules.
The pitch is part of a broader push CZ has been making with sovereign governments. At the World Economic Forum in Davos earlier this year, he said he was talking with roughly a dozen governments about tokenizing some of their assets, arguing that governments could realize financial gains first and use that to develop those industries.
Alongside tokenized stocks, CZ is also encouraging governments to issue their own fiat-backed stablecoins, arguing that national stablecoins can help scale the use of local currencies on blockchain networks and digital payment platforms.Dollar-pegged tokens currently make up close to 99% of the roughly $315 billion stablecoin market, led by Tether and USD Coin, according to DefiLlama figures. CZ's argument is that non-dollar economies could use sovereign stablecoins to carve out their own share of that market.
The broader context supports his case. Binance co-CEO Richard Teng has noted that demand for stablecoins is already high in emerging markets, where 36% of users hold at least half of their platform balance in these tokens.
The tokenization market is already gaining momentum independent of government participation. Tokenized real-world assets on public blockchains topped $32 billion by mid-2026, up from about $6 billion a year earlier, according to RWA.xyz data.Boston Consulting Group has predicted the tokenization market could reach $16 trillion by 2030.Major institutions including Citigroup and Coinbase have recently unveiled plans to expand tokenized equity offerings, while regulators continue to explore frameworks for blockchain-based securities.
CZ's roadmap reflects his wider thesis that crypto adoption is entering a new phase, one driven less by native tokens and more by the migration of traditional financial infrastructure onto public blockchain rails.
Sources:BeInCrypto: CZ Reveals the Crypto Playbook He Is Pitching to GovernmentsCryptopolitan: CZ Urges Governments to Put Stocks and Stablecoins on the BlockchainFXStreet: Binance Founder CZ Urges Governments to Tokenize Stock Markets and Launch Sovereign Stablecoins
