Changpeng Zhao Says Countries Should Tokenize Stocks and Issue National Stablecoins

Highlights:

• CZ urged governments to tokenize stock markets and open local shares to global buyers.
• He also called for sovereign stablecoins to expand national currencies across blockchain networks globally.
• CZ said he is meeting Asian leaders and regulators to support wider crypto adoption.

Changpeng Zhao, the co-founder of Binance, has urged governments to bring stock markets on-chain and launch sovereign stablecoins. In an X post on Wednesday, CZ said countries should bring their stocks on-chain so buyers around the world can access them.

Countries need to tokenize their stocks, allowing worldwide buyers. (RWA)

Countries need to issue their own stablecoin(s), to expand their currency's usage on the blockchain. https://t.co/054AbZj21b

— CZ 🔶 BNB (@cz_binance) June 17, 2026

Many local stock markets still depend on traditional systems that can limit foreign participation. Tokenized stocks could help governments reach more investors if they create proper rules for trading, custody, and compliance. 

Several jurisdictions are already moving in this direction. The U.S. is preparing a tokenized stock policy, Abu Dhabi has approved tokenized equities activity, Hong Kong has allowed secondary trading of tokenized investment products, and Singapore is building a wider tokenized capital markets framework.

The broader RWA sector has expanded sharply. According to data from RWA.xyz, tokenized real-world assets on public blockchains surpassed $32 billion by mid-2026, up from nearly $6 billion a year earlier.

CZ also urged governments to launch their own stablecoins. He said national stablecoins could expand the use of local currencies on blockchain networks. The stablecoin market is currently dominated by dollar-linked tokens. CZ’s comments suggest that other countries should also bring their currencies into blockchain-based payments and settlement systems.

A government-backed stablecoin could support digital payments, trading, and cross-border transactions. However, such tokens would need clear reserve rules, redemption systems, and regulatory supervision.

CZ Builds Closer Ties with Governments on Crypto Rules

In a Wednesday X post, he said, “Was busy meeting a few country leaders and regulators in Asia to advance crypto. Making good progress…” CZ’s latest remarks also come as he takes on a larger role in advising governments on digital asset policy. He has said before that he advises some governments, both formally and informally, on crypto rules and blockchain adoption.

He is currently a strategic adviser to Pakistan’s Crypto Council, where he supports discussions on digital asset regulation and industry growth. CZ also advises Kyrgyzstan President Sadyr Japarov on blockchain and digital asset policy.

Binance Faces Latest EU Licensing Pressure

CZ made these comments at a sensitive time for Binance in Europe. A recent report said the exchange could lose access to European Union clients from next month, as Greece’s market regulator is expected to reject its MiCA license application.

Binance applied through Greece’s market regulator under the EU’s MiCA framework. These rules allow crypto firms to serve clients across the bloc after they secure approval from one EU member state. However, regulators are reportedly expected to reject Binance’s application before the deadline. Binance said it has worked with regulators for 18 months and believes it meets the requirements for MiCA authorization. The company also said it will share another update before June 30.

Binance Faces New MiCA Roadblock In Europe

ECB President Christine Lagarde opposed Binance's entry into the EU market, according to sources cited by The Big Whale claim.

Reports suggest Greece may reject Binance's MiCA application despite the exchange stating its filing was… pic.twitter.com/nnpMlDz5Cw

— BSCN (@BSCNews) June 18, 2026