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. Read more
The funding will support Superstate’s effort to let companies issue and trade regulated shares directly on public blockchains. Financial technology and tokenization company Superstate has raised $82.5 million in a Series B round as it pushes deeper into onchain capital markets, aiming to modernize the way companies raise money and go public using blockchain. The round was led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, ParaFi and several other crypto-focused investors, according to a press release shared with Cointelegraph. “This year, tokenization will catalyze the transformation of capital markets,” said Robert Leshner, CEO of Superstate. “We're grateful to our partners that allow us to grow our best-in-class team, products, and ambitions,” he added. Read more