CZ: Tokenization Can Be a Powerful Financial Tool for National Industrial Development

On December 18, Binance founder Changpeng Zhao (CZ) said during a year-end Q&A: “From what I’m seeing now, there’s a lot of talk about tokenizing real-world assets (RWA)—and these are serious conversations at the national level. Some senior officials I’ve spoken with are actively discussing tokenizing state-owned assets, and that makes sense. Take the U.S. in the past: it had plenty of oil, but extracting it was super hard. Luckily, the U.S. has a robust capital market—oil companies raised big funds via IPOs to invest in tech, and finally cracked extracting those hard-to-reach resources. I think this model works at the national level, too. A lot of countries have valuable resources but struggle to turn them into cash effectively or build up related industries. Tokenization lets them attract seed capital or pool resources to develop those industries better—it could be a killer launch mechanism and financing tool. Here’s the thing: you don’t have to sell the actual resources—just sell tokens that represent their value. If you manage the funds raised well, it becomes a powerful financial tool to boost industrial growth. And these conversations are really serious, by the way.”