Ex-Binance CEO ‘talking with probably a dozen governments‘ about tokenization

Former Binance CEO Changpeng Zhao said at the World Economic Forum in Davos that he is advising several governments on tokenizing state assets.

Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance and co-founder of YZi Labs, said he is in talks with “probably a dozen governments” about tokenizing their assets.

Speaking on a panel at the World Economic Forum (WEF) in Davos, Switzerland on Thursday, Zhao said he had been engaged with several unnamed countries’ governments as part of efforts related to tokenization. The former CEO said tokenization was a “huge” proven aspect of the crypto industry, along with “exchanges and stablecoins.”

“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,” said Zhao.

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