Binance founder CZ said that “all assets should be tokenized.” Tokenization is one of the best ways for countries to raise funds or attract foreign direct investment (FDI), and countries and companies are incentivized to sell tokenized shares to global investors. CZ said he supports advancing tokenization on all blockchains. Although this would create liquidity fragmentation, simultaneous efforts by multiple parties would be the fastest way to expand the industry; if assets issued by different issuers have high fungibility, this could mitigate liquidity fragmentation to some extent.