Binance founder Zhao urges tokenization as RWA market reaches $38.4 billion

Binance founder Changpeng Zhao said tokenization is one of the best ways for countries to raise money and attract foreign direct investment, asking which country or company would not want to sell tokenized stocks globally. He supports issuing tokenized assets across all blockchains to speed market growth, while acknowledging that multi-chain issuance can fragment liquidity, a risk also flagged by Clearstream, DTCC and Euroclear with Boston Consulting Group. Zhao, who advises Pakistan and Kyrgyzstan on digital asset policy and made a similar government pitch in June, said greater interchangeability among issuers could ease the problem. Tokenized real-world asset distributed value reached $38.40 billion, up 2.16% over 30 days, with holders up 79.74% to 2,379,918, while represented asset value fell 4.66% to $342.63 billion, according to RWA.xyz. Robinhood CEO Vlad Tenev separately called tokenization the best path to modernizing US finance.

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