Crypto’s Next Big Thing? Billionaire Mogul Changpeng Zhao Shortlists These 3 Emerging Trends
Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao recently shared his excitement about three emerging narratives in the cryptocurrency space.
Tokenization: The Next ‘Huge’ Things In Crypto?
During the World Economic Forum Annual Meeting in Davos last Thursday, Zhao called real-world asset tokenization a “huge” opportunity.
“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,” the cryptocurrency billionaire said.
There has indeed been an accelerating industry-wide shift toward tokenization. Last week, the New York Stock Exchange said it will develop a platform for the trade and on-chain settlement of tokenized U.S.-listed stocks and exchange-traded funds, with 24/7 operations and instant settlement. Nasdaq previously submitted a filing to the SEC in this regard.
That said, the sector still awaits regulatory greenlight. A clause prohibiting on-chain versions of stocks and other real-world assets …
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