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CZ Calls on Governments to Tokenize Stocks and Launch National Stablecoins

CZ sees stock tokenization and national stablecoins as the next step for governments. The plans could make markets more accessible and speed up blockchain adoption.

By Finst News
• 2 min read
CZ Calls on Governments to Tokenize Stocks and Launch National Stablecoins

Key Takeaways

  • CZ is urging governments to tokenize their stock markets to offer global access, fractional ownership, and faster settlement.
  • He is also pushing for national fiat-backed stablecoins to strengthen local currencies on blockchain networks and reduce reliance on dollar-pegged stablecoins.
  • The proposals line up with growing market trends around tokenized assets and matter for European policymakers and investors.

Changpeng Zhao, better known as CZ and the founder of Binance, is calling on governments to tokenize their stock markets and issue national stablecoins. According to him, this is the next step in sovereign states adopting blockchain, he said after talks with several leaders and regulators in Asia.

Stock Tokenization as a New Market Standard

CZ says countries that tokenize their stocks can attract buyers from around the world and make their markets more accessible. Tokenized equities, where stocks are turned into blockchain tokens, offer benefits like fractional ownership, faster settlement, and broader access without relying on traditional brokers. While no country has tokenized its entire stock exchange yet, the market for tokenized real world assets (RWA) is growing fast. According to data from RWA.xyz, the value of tokenized assets on public blockchains was more than 32 billion dollars in mid-2026, a sharp jump from about 6 billion dollars a year earlier.

This trend fits into broader market moves. In the United States, the Securities and Exchange Commission has allowed the Depository Trust & Clearing Corporation to facilitate transactions in tokenized securities, including ETFs that track major stock indexes. BlackRock CEO Larry Fink also sees a future where nearly all stocks and bonds could be tokenized, making markets more efficient and cheaper.

National Stablecoins for Broader Currency Integration

Along with stock tokenization, CZ is also calling for governments to issue fiat-backed stablecoins. These could increase the use of local currencies on blockchain networks and reduce dependence on dollar-pegged stablecoins. Right now, dollar-pegged tokens make up almost 99% of the stablecoin market, which is worth about 315 billion dollars. According to CZ, national stablecoins can help keep monetary policy closer to home while also encouraging blockchain innovation.

CZ's advice lines up with his role as a strategic adviser to several governments, including Pakistan and Kyrgyzstan, where work is underway on crypto regulation and a gold-backed stablecoin, respectively. In Kazakhstan, Binance has also been given permission to help develop a crypto market.

Relevance for European Crypto Developments

CZ's proposals could also be interesting for European countries. Stock tokenization and the rollout of national stablecoins could speed up the integration of traditional financial markets with blockchain technology. That could lead to more efficiency and easier access, which matters for European investors and policymakers who want to support blockchain innovation in a regulated environment.

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