CZ Advocates Tokenization as Capital Magnet on Multiple Blockchains

Binance founder Changpeng Zhao is advocating for tokenization of assets as a means to attract foreign capital and foreign direct investment. In his view, tokenizing assets such as stocks on blockchain networks allows issuers to reach investors beyond their domestic markets.

CZ made this comment after BNB Chain reported that the number of wallets holding tokenized real-world assets (RWA) has surged 370% in a span of 30 days, reaching approximately 776,000 holders.

Despite potential challenges such as liquidity fragmentation between different ecosystems, CZ supports tokenization on multiple blockchains. He suggests that more interchangeability in issuers could help solve the issue by ensuring the same assets' ownership, redemption, and settlement processes across various networks.