Changpeng Zhao wants governments to stop watching crypto from the sidelines and start building on it. The Binance co-founder, better known as CZ, called on countries to tokenize their stock markets and launch national stablecoins tied to their local currencies on June 17.
The pitch is straightforward: if a country’s currency exists as a stablecoin on a blockchain network, that currency gets used more in global crypto transactions. If that country’s stocks are tokenized as real-world assets, global investors can access them without the friction of traditional brokerage accounts.
From Davos to Asia, CZ has been making the rounds
At Davos in January, CZ discussed asset tokenization with roughly a dozen governments. By February, he announced collaborations on stablecoins pegged to national currencies with various countries. More recently, he’s been meeting with Asian country leaders and regulators to advance crypto adoption initiatives.
The most concrete example of this strategy in action is Kyrgyzstan, which launched a national stablecoin on BNB Chain in late 2025. That makes the Central Asian nation one of the first to actually deploy a government-backed digital currency on a public blockchain, rather than just talking about it at conferences.
