- Changpeng Zhao is in talks with a dozen governments to tokenise state assets, allowing infrastructure and commodities to be split into tradable blockchain tokens.
- This model functions as a digital privatisation tool, helping countries raise capital by selling fractional stakes in national industries to a global pool of investors.
- Zhao expects crypto to become the primary payment system for AI-driven commerce, as software agents will require digital assets to perform autonomous transactions.
Binance co-founder Changpeng Zhao (CZ) has announced he’s in discussions with “probably a dozen governments” about tokenising state assets, a process that would put real-world assets onto blockchains so they can be traded and split into smaller pieces.
Zhao, speaking at the World Economic Forum panel in Davos, said tokenisation could let governments raise money by selling small stakes in state-owned assets to citizens or outside investors, similar to past privatisations where countries sold portions of national oil or telecom firms.
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As CNA explains in its dedicated guide, tokenisation generally refers to issuing blockchain-based tokens that represent ownership claims on assets such as real estate, infrastructure or commodities. Zhao said this approach could help governments realise their financial gains first and use proceeds to develop industries.
Zhao Says He’s in Talks with Several Governments
He has previously said he has held talks with governments including Pakistan, Malaysia and Kyrgyzstan. Kyrgyzstan launched a stablecoin pegged to the som last year and outlined plans for a U.S. dollar-pegged stablecoin backed by US$300 million (AU$459 million) in gold reserves.
Zhao also said crypto payments are moving closer to traditional payment systems as the two worlds converge. He added that AI-driven commerce will likely rely on cryptocurrencies, arguing that when software agents make purchases on a user’s behalf, the payments will be made in crypto.
Tokenisation is an important subject across Wall Street now. Recently, the New York Stock Exchange (NYSE) announced its plans to offer tokenised securities, which will rely on private blockchains. This will allow users to trade stocks through a regulated venue 24/7.
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