CZ Sees Overseas Demand for Tokenized US Stocks

TLDR Binance founder CZ says tokenized US stocks could expand market access for international investors. Zhao identified brokerage restrictions and inconvenient US trading hours as barriers for overseas investors. He cited countries where entire stock markets record about $50 million in daily trading volume. DTCC launched its tokenization service with 34 supported securities and 20 participating firms. US securities rules allow companies to object to tokenized listings under the temporary framework. Changpeng Zhao, Binance’s co-founder and former chief executive, says tokenized US stocks could help investors outside America gain access to its equity markets.