Ex-Binance CEO Discusses Tokenization With 12 Governments

Tokenization Strategy Involving 12 Nations Unveiled

Zhao, speaking at the World Economic Forum, described plans for tokenizing sovereign assets. This initiative aims to enable fractional ownership of infrastructure, real estate, and commodities, promoting investment and economic growth. During the presentation, Zhao remarked, “Probably with governments of 12 countries, we are discussing asset tokenization.”

Zhao’s efforts involve negotiations with approximately 12 countries, notably Pakistan, Malaysia, and Kyrgyzstan. The proposal includes using blockchain technology to attract global investors through asset tokenization.

Nations Eye Blockchain for Capital Access

The initiative promises greater access to capital for participating nations, helping them raise funds through a transparent and secure blockchain environment. This could revolutionize how countries manage and monetize assets. Zhao emphasized that “Countries can raise funds by offering part of state-owned assets to citizens or investors, using proceeds for industrial development.”

The discussions also emphasize financial, industrial, and governmental transformations. By fractionalizing assets, countries might reduce capital costs, facilitating increased industrial development and investment opportunities.

Global Tokenization Precedents Guide New Plans

Similar past initiatives, such as the EU’s DLT pilot and Hong Kong’s tokenized green bond, have established regulatory frameworks. These serve as precedents for Zhao’s current talks, showcasing tokenization’s growing global acceptance.

Based on prior examples, successful implementation might lead to new funding channels and broader adoption of blockchain. Such trends suggest significant changes in state asset management and funding strategies.