BlackRock 區塊鏈：TradFi 巨頭是否準備推出自己的區塊鏈網路？

鏈上數據平台 Token Terminal 表示，貝萊德可能會推出自己的區塊鏈，類似於 Coinbase 的第 2 層 (L2) 網路 Base。

Asset management behemoth BlackRock might be planning to launch its own blockchain, according to Token Terminal. This assumption is based on the recent analysis of the firm's holdings across asset classes, which revealed BlackRock's interest in crypto and blockchain technology.

根據 Token Terminal 報導，資產管理巨頭貝萊德可能正計劃推出自己的區塊鏈。這個假設是基於最近對該公司所持資產類別的分析，該分析揭示了貝萊德對加密貨幣和區塊鏈技術的興趣。

BlackRock categorizes its crypto holdings into three groups: crypto assets (e.g., Bitcoin (BTC)), stablecoins (e.g., USDC), and tokenized assets (e.g., BUIDL). This information was obtained by on-chain data platform Token Terminal, which used it to examine the asset manager's crypto strategy.

貝萊德將其加密資產分為三類：加密資產（例如比特幣（BTC））、穩定幣（例如 USDC）和代幣化資產（例如 BUIDL）。這些資訊是透過鏈上資料平台Token Terminal取得的，該平台用它來檢查資產管理公司的加密策略。

The firm reportedly identifies three main advantages of Bitcoin as an asset: (1) it is internet-native, making it globally accessible; (2) BTC's efficiency in cross-border transactions is highlighted; and (3) its fixed supply上限 positions it as a hedge against inflation.

據報道，該公司確定了比特幣作為一種資產的三個主要優勢：（1）它是互聯網原生的，可以在全球範圍內使用； （2）BTC跨境交易效率凸顯； (3) 其固定供應上限使其成為對沖通貨膨脹的工具。

Highlighting the role of BlackRock's iShares Bitcoin ETF (exchange-traded fund), IBIT, Token Terminal anticipates the firm will similarly productize all major crypto assets. Notably, while BlackRock has already done this with Ethereum, prospects of a Solana ETF remain slim for now.

Token Terminal 強調了 BlackRock 的 iShares 比特幣 ETF（交易所交易基金）、IBIT 的作用，預計該公司將類似地生產所有主要加密資產。值得注意的是，雖然貝萊德已經在以太坊上做到了這一點，但目前 Solana ETF 的前景仍然渺茫。

Nevertheless, the on-chain data platform attests to BlackRock's belief in the potential of blockchain technology to improve capital markets. It cites round-the-clock operational capital markets, improved transparency and investor access, lower fees, and faster settlement. This investigation led Token Terminal to conclude that the firm could launch its own blockchain, as Coinbase did with Base L2.

儘管如此，鏈上數據平台證明了貝萊德對區塊鏈技術改善資本市場潛力的信念。它引用了全天候運作的資本市場、提高的透明度和投資者准入、更低的費用和更快的結算。這項調查導致 Token Terminal 得出結論，該公司可以推出自己的區塊鏈，就像 Coinbase 推出 Base L2 一樣。

“We believe that BlackRock will eventually launch its own blockchain, and follow a similar playbook that Coinbase has used with Base. This would allow BlackRock to concentrate the recordkeeping of its holdings across asset classes ($10T AUM) to a single, global, interoperable, and transparent ledger,” Token Terminal concludes.

「我們相信 BlackRock 最終將推出自己的區塊鏈，並遵循 Coinbase 與 Base 所使用的類似策略。這將使貝萊德能夠將其持有的跨資產類別（10T 資產管理規模）的記錄集中到一個單一的、全球性的、可互操作的、透明的分類帳上。

Possible Implications of BlackRock Blockchain For TradFi

貝萊德區塊鏈對 TradFi 的可能影響

BlackRock's launch of a blockchain would mark a major shift in the traditional finance (TradFi) sector, signaling a move towards decentralized solutions. Similar to how Coinbase transformed into a Web3 gateway with Base, BlackRock's blockchain initiative could elevate the company from a traditional asset manager to a leader in the digital asset space.

貝萊德推出區塊鏈將標誌著傳統金融（TradFi）領域的重大轉變，標誌著去中心化解決方案的轉變。與 Coinbase 透過 Base 轉型為 Web3 網關類似，貝萊德的區塊鏈計畫可以將公司從傳統的資產管理公司提升為數位資產領域的領導者。

Whether BlackRock will launch its own blockchain remains unknown, as the firm did not immediately respond to BeInCrypto's request for comment. Nevertheless, such a move would warrant clear regulations.

貝萊德是否會推出自己的區塊鏈仍不得而知，因為該公司沒有立即回應 BeInCrypto 的置評請求。儘管如此，這樣的舉措需要明確的監管。

“As much as we would absolutely love to see this, unless regulations and compliance around this are clear, it won't be happening in the short term at all. This is given the need for compliance. There is one thing: an entire blockchain ecosystem would be incredible, but how would they solve for compliance?” one X user commented.

「儘管我們絕對希望看到這一點，但除非相關法規和合規性明確，否則短期內根本不會發生。這是出於合規的需要。有一點：整個區塊鏈生態系統將是令人難以置信的，但他們將如何解決合規性問題？一位 X 用戶發表了評論。

Leveraging blockchain technology, BlackRock could streamline its operations, reduce costs, increase transparency, and enhance security across its extensive financial products and services. This approach has the potential to revolutionize transactions and create a more efficient and secure financial ecosystem.

利用區塊鏈技術，貝萊德可以簡化其營運、降低成本、提高透明度並增強其廣泛的金融產品和服務的安全性。這種方法有可能徹底改變交易並創建更有效率、更安全的金融生態系統。

Furthermore, such a venture would open up new opportunities for its clients and investors to access a wide range of digital assets. They would also be exposed to more seamless and user-friendly investment opportunities. This would democratize access to financial products and strengthen BlackRock's position as a leader in the digital asset management space.

此外，這樣的合資企業將為客戶和投資者提供廣泛數位資產的新機會。他們還將獲得更無縫和用戶友好的投資機會。這將使金融產品的取得更加民主化，並鞏固貝萊德作為數位資產管理領域領導者的地位。

The firm has already set a new standard in tokenizing real-world assets (RWAs) with the success of BUIDL, BlackRock's USD Institutional Digital Liquidity Fund. BUIDL recently became the largest tokenized fund, showcasing the growth and increasing integration of blockchain technology in traditional finance (TradFi).

隨著貝萊德美元機構數位流動性基金 BUIDL 的成功，該公司已經在現實世界資產（RWA）代幣化方面樹立了新標準。 BUIDL 最近成為最大的代幣化基金，展示了區塊鏈技術在傳統金融 (TradFi) 中的成長和日益一體化。

While the general demand for such tokenized products remains in its early stages, specific segments continue to show promising interest. BlackRock's BUIDL and Franklin Templeton's BENJI point to this effect.

雖然對此類代幣化產品的整體需求仍處於早期階段，但特定細分市場仍繼續表現出有希望的興趣。貝萊德的 BUIDL 和富蘭克林鄧普頓的 BENJI 都指出了這一點。