Changpeng Zhao, former head of Binance
$5.91B
and co-founder of YZi Labs, has been discussing asset tokenization with several national governments.
At a World Economic Forum session in Davos, Switzerland, Zhao said he has been meeting with representatives from a dozen countries, though he did not name them.
He described tokenization as one of the main use cases of blockchain, alongside crypto exchanges and stablecoins. Zhao explained that turning government assets into digital tokens could help states capture early financial benefits and reinvest them in key sectors.
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Zhao said:
I’m talking with probably a dozen governments about tokenizing some of their assets, because this way the government can actually realize the financial gains first and use that to develop those industries.
During the panel, Zhao also reflected on the challenges of using crypto for everyday transactions. He said digital assets and traditional payment systems are slowly converging, but added that regular crypto payments are still rare.
Zhao has recently taken part in several regional initiatives involving government partnerships.
In Kyrgyzstan, he worked with officials on a project linked to a stablecoin pegged to the national currency, the som. He also became an adviser to the Pakistan Crypto Council, launched in March 2025.
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