CZ argues that tokenized U.S. stocks and alternative assets will primarily serve non-US investors seeking access to markets and global liquidity.
RWA & Tokenization ·
CZ argued that demand for tokenized U.S. stocks originates primarily from investors outside the country who face barriers to opening U.S. brokerage accounts. He noted that in certain nations with populations exceeding 100 million, total daily stock market trading volume reaches only $50 million—a figure he compared to activity by a single New York trader, highlighting the liquidity constraints these markets face.
Beyond equities, CZ suggested that tokenization could unlock trading opportunities for assets currently lacking established venues, including water, rare earth minerals, and certain precious metals. Companies in capital-constrained markets could leverage tokenization to access global investor bases while enabling continuous trading outside traditional market hours, according to his view.
The remarks reflect a broader thesis about how blockchain-based asset representation might serve geographically dispersed populations with limited financial infrastructure, though questions remain about regulatory feasibility, custody standards, and adoption rates across different asset classes and jurisdictions.