Former Binance CEO Changpeng Zhao is reportedly advising approximately a dozen governments on the tokenization of state assets. Zhao made the comments at the World Economic Forum in Davos. The development signals a potential increase in government interest and involvement in blockchain technology and digital assets. Tokenization, the process of representing real-world assets on a blockchain, could bring increased efficiency and transparency to various sectors, according to reports.

Former Binance CEO Changpeng Zhao is reportedly advising approximately a dozen governments on the tokenization of state assets. Zhao made the comments at the World Economic Forum in Davos. The development signals a potential increase in government interest and involvement in blockchain technology and digital assets. Tokenization, the process of representing real-world assets on a blockchain, could bring increased efficiency and transparency to various sectors, according to reports.