Binance founder Changpeng Zhao advocated for national asset tokenization on August 20, 2026, calling it an effective tool for countries to raise capital and attract foreign direct investment. While Zhao warned that multi-chain tokenization risks fragmenting liquidity, he suggested that high interoperability among issuers could mitigate this issue. The comments come as the tokenized real-world asset market reaches $38.40 billion, supported by other industry leaders like Robinhood CEO Vlad Tenev.
Tokenization for national fundraising
- ▪Binance founder Changpeng Zhao stated on August 20, 2026, that asset tokenization is one of the best ways for countries to raise money and attract foreign direct investment.
- ▪Binance founder Changpeng Zhao advises Pakistan and Kyrgyzstan on digital asset policy and previously pitched asset tokenization to governments in June 2026.
Tokenized asset market growth
- ▪According to data from RWA.xyz, the total value of distributed assets across tokenized real-world assets reached $38.40 billion, representing a 2.16% increase over the 30 days prior to August 21, 2026.
- ▪According to data from RWA.xyz, the number of tokenized asset holders grew 79.74% to 2,379,918, while the represented asset value declined 4.66% to $342.63 billion prior to August 21, 2026.
- ▪Robinhood CEO Vlad Tenev stated in August 2026 that tokenization is the best path to modernizing United States finance.
Blockchain fragmentation risks
- ▪Binance founder Changpeng Zhao argued on August 20, 2026, that having multiple players build the tokenization market could accelerate sector growth.
- ▪A joint paper by Clearstream, DTCC, Euroclear, and Boston Consulting Group warned that asset fragmentation across distributed ledger networks leaves assets trapped in isolated pools and increases operating costs.
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