Changpeng Zhao proposed a global plan: tokenization of stocks and national stablecoins for countries
Binance founder Changpeng Zhao (CZ) has put forward an ambitious initiative that could fundamentally change how states approach the integration of digital assets. In a recent statement, he called on governments to transition stock exchanges to a tokenized format and launch their own national stablecoins. According to the expert, the implementation of sovereign blockchains will be the next logical step in the evolution of the crypto industry.
Tokenization as a Key to Global Liquidity
CZ's main idea revolves around the tokenization of real-world assets (RWA). Converting ordinary company shares into tokens on the blockchain opens up round-the-clock access to local markets for global investors. This approach is already beginning to be implemented in practice, simplifying fractional ownership, accelerating settlements, and removing barriers for foreign capital. Notably, no country has yet transitioned all its stock exchanges to a tokenized model, leaving a vast field for pioneers.
According to data from RWA.xyz, the segment of tokenized assets is experiencing explosive growth. By mid-2026, its volume exceeded $32 billion, compared to about $6 billion a year earlier. Analysts at Boston Consulting Group predict that by 2030, the tokenized asset market could grow to $16 trillion.
National Stablecoins: The Battle for Currency Sovereignty
The second pillar of Zhao's strategy is the issuance of fiat digital counterparts under the patronage of central banks. This would allow countries to reduce the enormous dependence of local economies on the US dollar, which currently accounts for about 99% of the stablecoin segment (total market volume — $315 billion, leaders — USDT and USDC). National stablecoins would give regulators full monetary control within the state, while simultaneously integrating traditional money into modern cryptographic protocols.
Acting co-head of Binance, Richard Teng, confirms the snowballing popularity of secured tokens. About 36% of clients from developing regions prefer to store more than half of their savings in stable digital coins. This proves that stablecoins are already simplifying everyday payments and becoming a financial safe haven.
Expert opinion: CZ's initiative is timely and logical. States that are the first to implement tokenization of stock exchanges and launch their own stablecoins will gain a huge competitive advantage in attracting global capital. Zhao's current consulting activities with the governments of Pakistan and Kyrgyzstan indicate that this strategy is already finding practical application. If governments adopt such an approach, they will be the ones to set the pace for transitioning traditional markets to an on-chain format.