Changpeng Zhao, widely known as CZ, said at an offline book event for Binance Life in Hong Kong that the city holds clear advantages for Web3 because of its position as a financial center, its fintech talent pool, the movement of mainland talent, and its institutional links. He said Hong Kong stands out as a strong fit for Web3, while also naming Dubai, Abu Dhabi, and the United States after its policy shift toward supporting the crypto industry as markets he views positively.
CZ also said the development of real-world assets, or RWA, has moved noticeably faster than he had expected, with tokenized securities standing out in particular. He contrasted blockchain-based assets with traditional stocks, which face account-opening thresholds, trading-hour limits, and geographic restrictions. In his view, putting assets on-chain allows direct access to global investors and can improve both accessibility and liquidity. He added that stablecoins are essentially a form of fiat moved on-chain and described RWA as an important direction for the future. On decentralized exchanges, he said the sector has evolved over the past eight years from platforms such as Uniswap and PancakeSwap to Hyperliquid, with infrastructure and user understanding now much more mature.
Odaily reported that Changpeng Zhao, or CZ, said at an offline book meet-and-greet for Binance Life in Hong Kong that the city has unique strengths as a financial center, especially in fintech talent, the flow of mainland talent, and institutional connectivity. He said Hong Kong and Web3 make a strong combination.
Beyond Hong Kong, CZ said he is also positive on Dubai, Abu Dhabi, and the United States after its policy shift toward supporting the crypto industry.
RWA growth has outpaced his earlier expectations
CZ said the pace of development in real-world assets, or RWA, has clearly exceeded what he had previously expected, especially in tokenized securities. Compared with traditional stocks, which are subject to account-opening barriers, trading-hour limits, and geographic restrictions, assets issued on-chain can be offered directly to global investors, which he said could improve both accessibility and liquidity.
He said RWA will become an important direction in the future. CZ also described stablecoins as, in essence, a form of fiat moved on-chain under the broader RWA concept, adding that more countries may push to put their domestic currencies on-chain in the future.
DEX infrastructure and user awareness have matured
CZ also said decentralized exchanges, or DEXs, have developed over the past eight years from platforms such as Uniswap and PancakeSwap to Hyperliquid. In his view, both infrastructure and user awareness are now markedly more mature. If regulatory policy continues to ease, he said the pace of growth for DEXs and the broader crypto industry could accelerate over the next few years.
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