CZ Says Tokenization Could Bring 24/7 Global Markets On-Chain

• BNB Chain RWA holders surged 370% in 30 days, reaching over 776,000 users.
• Zhao says broader tokenization across blockchains could help countries attract global investors. 
• Fragmented liquidity and U.S. regulation remain key barriers for traders.

Tokenization is moving closer to the center of global trading discussions as adoption of real-world assets accelerates across blockchain networks. Binance founder Changpeng “CZ” Zhao has called for broader tokenization across multiple blockchains, arguing that countries and companies could use tokenized assets to reach investors globally.

However, for traders, the immediate question is whether tokenization can create measurable opportunities through longer trading hours, cross-market pricing, and deeper liquidity rather than remain primarily a blockchain narrative.

BNB Chain reported above 776,000 real-world asset holders, representing a growth of about 370% within 30 days. Across the broader market, distributed value in tokenized real-world assets reached $38.40 billion, up by 2.26% over the same period, according to RWA.xyz.

Tokenization Could Expand Trading Beyond Market Hours

Zhao said tokenization could help countries raise capital or attract foreign direct investment by making assets available to investors worldwide.

Tokenized securities can move through blockchain-based platforms rather than relying entirely on traditional market hours and settlement infrastructure.

That distinction matters for traders watching the rise of 24/7 markets. Chan Ahn, CEO of Tessera, highlighted that blockchain transactions can combine ownership records and settlement within seconds or minutes. Traditional securities settlement, by comparison, generally continues through clearing infrastructure until the next business day.

Charles Schwab crypto research director Jim Ferraioli said the investor experience could remain familiar while providing expanded market access, longer trading hours and possibly different transaction costs.

Fragmented Liquidity Remains a Key Trading Risk

CZ also acknowledged that spreading tokenization across multiple blockchains could divide liquidity.

Clearstream, DTCC and Euroclear previously warned that separate distributed-ledger networks could leave assets divided among isolated liquidity pools while increasing operational costs.

For traders, fragmentation could become essential if identical or similar tokenized securities trade simultaneously across several platforms. Zhao said stronger interchangeability between issuers could help address that problem.

Regulation remains another challenge. Tokenized stocks are not approved in the United States and currently trade mainly outside the country.

Related: Injective Expands Tokenization Push With SEC Transfer Agent Registration