Binance founder Changpeng Zhao (CZ) is pushing for broader tokenization as real-world assets (RWAs) gain traction across blockchain networks. His comments came shortly after BNB Chain highlighted a sharp increase in the number of wallets holding tokenized real-world assets on its network.

CZ Sees Tokenization as a Capital Magnet

"Let's tokenize everything," CZ wrote on X, arguing that tokenization could give countries and companies a new way to attract foreign capital.

Let's tokenize everything. Tokenization is one of the best ways for countries to "raise money", or attract FDI (Foreign Direct Investment). Which country/company won't want to sell their (tokenized) stocks to everyone in the world? I support tokenization on all blockchains.…

— CZ 🔶 BNB (@cz_binance) August 21, 2026

In his view, putting assets such as stocks on blockchain networks could allow issuers to reach investors beyond their domestic markets. That could make tokenization an attractive tool for companies seeking capital and for countries looking to bring in foreign investment.

Not all buyers of tokenized assets, however, would qualify as foreign direct investors. FDI generally involves a lasting interest in a foreign company, while smaller purchases of tokenized securities may fall under portfolio investment instead. Investor rights, ownership, disclosure, and cross-border access would still be matters for the law in each individual case.

CZ is not describing a market starting from zero. BlackRock, the world's largest asset manager, launched BUIDL, a tokenized institutional liquidity fund, in 2024, and Franklin Templeton has run an on-chain U.S. government money market fund since 2021. Tokenized cash-equivalent products such as these have since grown into a multi-billion-dollar market segment, giving the "tokenize everything" pitch an institutional track record to build on rather than a purely theoretical premise.

Multiple Blockchains Could Accelerate RWA Growth

CZ Accepts the Liquidity Fragmentation Risk

CZ also made the point that tokenized assets should not be confined to just one blockchain. Despite the downside of creating liquidity fragmentation between different ecosystems, he advocates for development activity across multiple networks.

Fragmented liquidity may increase the difficulty of finding counterparties and can lead to variations in trading depth or price dispersion between similar assets. According to CZ, greater interchangeability among issuers could help solve the issue. In practice, that would mean ensuring that the same assets' ownership, redemption, and settlement processes are supported across the various networks.

Major issuers are already distributing this way. BlackRock's BUIDL began on Ethereum and has since expanded to additional networks including Solana, Aptos, and Avalanche, an early signal that multi-chain issuance is becoming standard practice for institutional tokenized products.

The stance is part of a larger race among RWA ecosystems to capture the growing market. Rather than waiting for any single network to dominate, several platforms are developing infrastructure for tokenized securities, funds, credit products, and essentially any financial asset.

BNB Chain Reports 776K RWA Holders

In a recent post on X, BNB Chain noted that the number of active real-world asset (RWA) holders on its network reached 776,000 — an increase of approximately 370% in the span of 30 days.

The figure indicates that when the infrastructure and products become available, participation in tokenized-asset markets can grow rapidly. Nevertheless, wallet-count measures are not always a one-to-one map of individual investors, as users can control several wallet addresses. What the count does not yet show is whether the growth holds beyond that 30-day window, or which tokenized asset classes — funds, credit, or equities — the new wallets hold.

The expansion has also not translated into a rise in foreign investment across all of the assets being tokenized. What each token is worth, who it is intended for, and its legal position remain dependent on the specific product and its originator. CZ did not name a particular tokenization project, a partnering government, or a specific launch date.