Without naming specific countries, Changpeng “CZ” Zhao, the Canadian co-founder of crypto-trading giant Binance, told a panel at the World Economic Forum in Davos, Switzerland, that he’s in talks with “probably a dozen governments” about helping them raise money by selling shares of state-owned assets to the public using blockchains. (CoinDesk)

Talking point: Tokenized real-world assets—digital representations of securities that trade on blockchains rather than through traditional financial markets—have become big business. Wall Street giant BlackRock’s tokenized money market fund BUIDL is valued at more than US$2 billion, and famed investor Cathie Wood’s Ark Invest predicts the market could hit US$11 trillion by 2030. Tokenization lets investors trade 24 hours a day and makes it possible to sell tiny fractions of shares, potentially letting governments reach more buyers. Canadian securities regulators are researching the implications of tokenized assets for capital markets.