Changpeng Zhao proposes a universal plan for countries: tokenization of stocks and national stablecoins
Binance founder Changpeng Zhao (CZ) has unveiled a comprehensive roadmap for nations seeking to integrate cryptocurrencies into their economies. His proposal, shaped by a series of meetings with leaders and financial regulators of Asian countries, includes two key elements: transitioning stock exchanges to a tokenized format and launching national stablecoins. These are not just separate initiatives but a holistic strategy that, according to CZ, will represent the next stage in the evolution of the entire crypto industry.
Tokenization of Stocks: 24/7 Access and Global Investments
CZ's main thesis revolves around the tokenization of real-world assets (RWA). Ordinary company shares, converted into tokens on the blockchain, could trade around the clock, including weekends. This breaks down barriers for foreign investors, granting them direct access to local markets, while simultaneously simplifying fractional ownership and accelerating settlements. The RWA market is already showing explosive growth: by mid-2026, the volume of tokenized assets on public blockchains exceeded $32 billion, compared to about $6 billion a year earlier. Analysts at Boston Consulting Group predict this market could reach $16 trillion by 2030.
National Stablecoins: Sovereignty and Financial Independence
The second crucial element of the strategy is the issuance of central bank digital currencies (CBDCs) or, more broadly, fiat-backed stablecoins under state patronage. CZ emphasizes that this will strengthen the position of local currencies in decentralized networks and reduce the enormous dependence of local economies on the US dollar. Currently, the stablecoin market (around $315 billion) consists almost 99% of dollar-denominated instruments such as USDT and USDC. The introduction of national stablecoins will give regulators full monetary control while integrating traditional money into cryptographic protocols.
Expert opinion: CZ's proposal is not just advice but a clear signal to the market. Countries that are the first to implement this two-pronged strategy will gain a massive competitive advantage, becoming not just observers but active architects of the new financial system. CZ's current activities as an advisor to the Pakistan Crypto Council and his support for the Kyrgyz government in developing a gold-backed coin only confirm that this strategy is already beginning to be implemented.