Binance founder Changpeng Zhao posted an open proposal on August 21, 2026, via his X account: “Let’s tokenize everything.” This brief message was directed at countries and companies to utilize tokenization to attract foreign direct investment (FDI) flows. CZ, as he is commonly known, suggested that asset issuance should be conducted on all blockchains simultaneously, rather than being tied to a single dominant network.
This statement comes as the ecosystem he built is showing tangible adoption figures. Data from tracker RWA.xyz as of August 19, 2026, shows that BNB Chain has 776,428 real-world asset (RWA) holders. This figure rose by 368.51% over the preceding 30 days. The total value of assets distributed on this network reached $5.8 billion, spread across 1,284 different assets. This dominance is also reflected in BNB Chain’s share, accounting for 61.7% of the assets on Franklin Templeton’s Benji platform, valued at approximately $1.5 billion at the time of recording.
Liquidity Risks and Infrastructure Response
Distributing a single type of asset across various different blockchains carries risks. CZ acknowledged that liquidity fragmentation is a key constraint of this multi-chain approach. Order books on exchanges become thinner, and the bid-ask spread widens for each tokenized version of the same asset. However, he insisted that simultaneous launches across multiple networks are the fastest way to scale the sector.
Supporting infrastructure for this direction is actually starting to take shape. Projects like Ondo are developing systems to move tokenized stocks across blockchains. Elsewhere, tokenized versions of U.S. stock products have also expanded to the Hyperliquid trading platform. On the regulatory side, the U.S. Securities and Exchange Commission (SEC) asserted in a statement last January that stocks, bonds, and securities do not lose their original legal status simply because they are represented on a crypto network.
The Boundary Between Portfolio Investment and Foreign Capital
Although the concept of tokenization promises global investment access, the status of its capital flows has technical limitations. The Organisation for Economic Co-operation and Development (OECD) defines FDI as an investment in which a foreign investor holds at least a 10% voting stake. Small-scale token purchases by retail investors are most likely classified only as portfolio investments, rather than the foreign direct investment that CZ urged.
Ultimately, this publication is purely an industry perspective from CZ. He did not announce any specific products, regulatory application plans, or launch deadlines. These comments are personal views, not a formal initiative by any government, Binance, or BNB Chain. The idea of distributing assets across all networks may sound prone to fragmentation, but institutional data shows the market is moving faster than concerns over liquidity.
Reported by crypto.news.
Read also: What Is DeFi (Decentralized Finance)?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
