Former Binance CEO Changpeng Zhao shared at the World Economic Forum that he is advising multiple governments on tokenizing state assets. Zhao is in discussions with around a dozen governments about tokenizing their assets, stating it can help governments realize financial gains to develop industries. Zhao previously worked with Kyrgyzstan and Pakistan on stablecoins and was named an adviser by the Pakistan Crypto Council. He also discussed potential crypto regulation with Malaysian officials. Zhao highlighted difficulties with crypto payments at Davos, noting a convergence between traditional payment methods and digital assets. Zhao served four months in prison in 2024 but was pardoned by US President Donald Trump, clearing the way for a possible return to Binance. Despite this, Zhao has stated he is “retired” and has no plans to resume working at the crypto exchange.

Read more at Cointelegraph: Ex-Binance CEO ‘Talking with Probably a Dozen Governments‘ on Tokenization