Haciyev Reşit 
Binance co-founder and former CEO Changpeng Zhao (CZ) made notable remarks about ongoing engagements with governments regarding asset tokenization. Speaking at a panel during the World Economic Forum (WEF) in Davos, Switzerland, Zhao said he has held discussions with “probably a dozen governments” about tokenizing national assets.
A New Financing Model for Governments: Tokenization
Although Zhao did not disclose specific countries or assets, he emphasized that tokenization could offer governments an alternative and innovative financing model. Under this approach, states could raise funds through fractional ownership by converting public assets—such as infrastructure projects, real estate, energy facilities, or commodities—into blockchain-based tokens. This would allow financing for large-scale projects to be distributed across a broader investor base.
This approach is likened to past instances where countries sold shares in national oil or telecommunications companies. However, tokenization differs by leveraging blockchain technology to make the process more transparent, faster, and globally accessible. Analysts suggest this model could both enhance investor confidence and improve the efficiency of governments’ access to capital.
“Governments Can Create Value First”
Highlighting the advantages of tokenization, Zhao stated:
“In this way, governments can realize financial gains first and then use the resources obtained to develop these industries.”
Zhao’s comments underscore that tokenization is not just a technological innovation but also a strategic economic tool. By digitizing real-world assets into tokens, large assets become investable in smaller portions, increasing accessibility for retail investors while offering institutional investors a more flexible and liquid environment.
Which Countries Have Been Involved So Far?
Zhao has previously mentioned on social media that he has been in contact with several governments, including:
- Pakistan
- Malaysia
- Kyrgyzstan
Notably, Kyrgyzstan launched a stablecoin pegged to its national currency, the som, last year and announced plans for a USD-backed stablecoin supported by $300 million in gold reserves.
Zhao’s Outlook on AI and Crypto
Beyond tokenization, Zhao also shared views on the future use cases of cryptocurrencies. He predicted that cryptocurrencies would become the native payment method for AI agents. According to Zhao, AI agents acting on behalf of users—handling purchases, service payments, and automated transactions—will naturally use crypto as a means of payment.
This signals a future where cryptocurrencies are not merely investment vehicles but core components of the digital economy’s infrastructure. Zhao’s remarks highlight that asset tokenization is increasingly on the agenda at the state level, and experts believe this approach could significantly expand blockchain’s role in public finance, infrastructure investments, and commodity markets in the years ahead.
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