# CZ Argues for Tokenizing Everything on Every Chain While Banks Move Deposits Onto Closed Ones

The Binance founder accepts fragmented liquidity as the cost of speed, but the institutions actually issuing tokenized deposits are choosing permissioned systems for privacy and compliance reasons.

- Published: 2026-08-21T05:52:54.718Z
- Canonical: https://polylog.news/crypto/2026-08-21/cz-argues-for-tokenizing-everything-on-every-chain-while-ban
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/cz-says-tokenize-everything-to-attract-investors/), [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/coindesk-indices/2026/08/20/crypto-for-advisors-what-are-tokenized-deposits)

Changpeng Zhao, the Binance founder known as CZ, argued this week that countries should tokenize assets broadly to attract foreign capital. Asked about issuing the same asset across competing networks, he was explicit about the trade-off: "…

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