Changpeng Zhao, known as CZ, said, “I support tokenization on all blockchains,” arguing that a multichain approach is the fastest way to grow the sector. He acknowledged that spreading activity across networks creates a fragmented liquidity problem, while multiple players continue pushing tokenization forward.
Why it matters
Tokenization brings real-world assets into blockchain-based markets, but wider participation can divide buyers, sellers and liquidity across chains. CZ’s view puts adoption first, with fragmentation framed as a problem the market must solve.
For investors, that makes interoperability and liquidity aggregation central infrastructure themes. The value of a tokenized market depends not only on what gets issued, but also on how easily participants can find usable depth across networks.
Market impact
The signal points to a multichain adoption push, with fragmented liquidity as the main execution constraint. The balance between broader distribution and usable liquidity will shape whether RWA tokenization becomes a connected market or a collection of isolated pools.
Frequently asked questions
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Why does CZ support tokenization across all blockchains?
CZ argues that supporting tokenization on all blockchains is the fastest way to grow the sector.
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How can multichain tokenization fragment liquidity?
Spreading activity across networks can divide tokenized assets, buyers, sellers and liquidity among separate chains.
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Which infrastructure areas matter most for multichain RWAs?
Interoperability and liquidity aggregation are central infrastructure themes for helping participants find usable depth across networks.
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Why does wider participation create a coordination problem?
Wider participation can split buyers, sellers and liquidity across chains, creating the coordination problem CZ acknowledges.
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What will determine whether RWA markets become connected across chains?
The balance between broader distribution and usable liquidity will shape whether RWA tokenization becomes a connected market or a collection of isolated pools.
CoinTelegraph