The next generation of IPOs could look very different. Binance founder Changpeng Zhao (CZ) says IPOs will move on-chain, pointing to a broader shift toward blockchain-based financial markets. The idea comes as U.S. regulators explore the possibility of 24/7 on-chain stock trading, potentially bringing traditional securities closer to the infrastructure already used by crypto markets. Moving IPOs and other financial assets on-chain could mean faster settlement, continuous market access, and a more programmable financial system. It also highlights a growing convergence between traditional finance and blockchain infrastructure, as institutions and regulators explore how tokenization could reshape capital markets. The transition won't happen overnight, but the direction is becoming increasingly clear: more financial activity is moving toward blockchain rails. Would you buy a tokenized IPO if it launched directly on-chain?