CZ says IPOs will move on-chain as pilots expand

Binance founder Changpeng “CZ” Zhao said on Sept. 7 that initial public offerings “will move on chain,” as regulated exchanges and blockchain companies expand infrastructure for tokenized securities. Summary CZ predicted IPOs will move on-chain but provided no timeline, structure or named issuer publicly. Tokenized stocks hold approximately $2.9 billion on-chain, according to current data published by RWA.xyz today. France’s ST Group raised €2.07 million through a fully tokenized IPO completed during April 2026. SEC staff says tokenizing securities does not alter registration, disclosure or investor-protection requirements under law. Nasdaq and NYSE rules permit eligible tokenized securities to trade alongside conventional versions under pilots. Zhao offered no timeline, proposed structure or potential issuer in his brief statement. His comment was therefore a prediction rather than an announcement involving Binance or a confirmed offering. Parts of the infrastructure needed to conduct an on-chain IPO are already operating. France completed a fully tokenized public offering in April, while Nasdaq and the New York Stock Exchange have established rules for trading eligible securities...