Binance founder Changpeng Zhao is encouraging governments everywhere to start tokenizing stock markets and launching their own national stablecoins. Following some talks with officials in Asia about how blockchain works, CZ’s pitch is that tokenizing stocks could make global investing a lot more open. He’s also arguing that these national stablecoins would help put local currencies on the blockchain and dial back the heavy reliance on the dollar.
Tokenized stocks: 24/7 global markets
CZ’s idea is pretty simple: get every country’s stock market onto the blockchain. By tokenizing everything, people all over the world could trade 24/7, buy just a tiny piece of an expensive stock, and finish trades in minutes instead of waiting days. Even though a few places already let you trade tokenized versions of certain stocks, we haven’t seen a whole national exchange move onchain yet. “Countries need to tokenize their stocks, allowing worldwide buyers,” CZ shared on X.
The potential here is huge. Real-world assets (RWAs) on public blockchains already shot up to $32 billion by mid-2026, a massive jump from just $6 billion the year before. On top of that, Boston Consulting Group thinks the whole tokenization market could balloon to $16 trillion by 2030.
National stablecoins: Expanding currency reach
Moving past stocks, CZ thinks countries should drop their own fiat-backed stablecoins to get their local money moving on the blockchain. Right now, the dollar basically runs the show, with dollar-pegged coins like Tether and USDC making up nearly 99 percent of the $315 billion market.
By launching their own stablecoins, governments could keep a closer eye on their own money and stop leaning so hard on digital dollars. “Countries need to issue their own stablecoin(s) to expand their currency’s usage on the blockchain,” CZ wrote.
The idea is gaining traction: Kyrgyzstan is reportedly looking into a gold-backed stablecoin with CZ giving them some advice, and Binance is already set to help Kazakhstan build out its own crypto marketplace.
Government interest is growing
CZ’s comments reflect a broader trend of governments exploring blockchain adoption. He’s jumped in as a strategic adviser for the Pakistan Crypto Council and is currently helping out with crypto projects in Kyrgyzstan.
On top of that, Binance co-CEO Richard Teng shared that 36 percent of their users in emerging markets are already keeping at least half their assets in stablecoins, a sign they are becoming a legit tool for day-to-day payments. While it’ll take a while for governments to go all-in, the fact that regulators and big financial players are paying attention suggests that blockchain-based finance is gearing up to be a much bigger deal.
