Blockchain asset tokenization is moving from theory to reality. At the Davos World Economic Forum, a co-founder of a leading exchange revealed that their team is in discussions with government departments from more than ten countries to explore the fragmentation of state-owned assets using blockchain technology—covering infrastructure, real estate, commodities, and other heavy assets.

It is reported that countries already engaged include Pakistan, Malaysia, and Kyrgyzstan. These countries generally face financing needs, and tokenizing state-owned assets offers them a new approach: through segmentation and digitization, these otherwise illiquid assets can gain broader participation from international investors.

This reflects two key trends. First, the recognition of blockchain technology at the government level is increasing, no longer viewing it purely as a speculative tool. Second, amid the cooling of traditional major country asset financing, emerging economies are beginning to explore more flexible financing models. Although relevant frameworks and regulations are still being developed, this wave is thought-provoking enough to warrant attention.