BlackRock，crypto.com和令牌化：Tradfi和Defi的新時代

探索BlackRock和Crypto.com如何推動現實世界中的資產（RWA）令牌化，創造新的交易機會並重塑市場基礎設施​​。

BlackRock, Crypto.com, and Tokenization: A New Era for TradFi and DeFi

BlackRock，crypto.com和令牌化：Tradfi和Defi的新時代

The financial world is buzzing! BlackRock, Crypto.com, and tokenization are converging, creating tangible trading opportunities and reshaping market infrastructure. This article dives into the exciting developments that are bridging traditional finance (TradFi) and decentralized finance (DeFi).

金融界正在嗡嗡作響！ BlackRock，Crypto.com和令牌化正在融合，創造了切實的交易機會並重塑市場基礎設施​​。本文深入研究了激動人心的發展，這些發展正在彌合傳統金融（Tradfi）和分散的金融（DEFI）。

BlackRock's BUIDL Fund: A Game Changer for Crypto Collateral

BlackRock的Buidl Fund：加密貨幣的遊戲規則改變者

BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is now accepted as collateral on major platforms like Crypto.com and Deribit. This is a big deal because it allows traders to use their BUIDL holdings as margin for derivatives and leveraged trades. The cool part? Traders can maintain their positions while earning a yield from the U.S. Treasuries backing the BUIDL tokens. Talk about turning idle margin into a productive asset!

貝萊德（Blackrock）的USD機構數字流動性基金（BUIDL）現在被認為是Crypto.com和Deribit等主要平台上的抵押品。這很重要，因為它允許交易者將其Buidl Holdings用作衍生品和槓桿交易的利潤。很酷的部分？交易者可以維持自己的職位，同時從美國國債獲得支持Buidl代幣的收益率。談論將閒置利潤變成生產資產！

The tokenized Treasury market is booming, growing by about 400% in the past year, exceeding $7 billion. This shows there's a huge demand for stable, on-chain, yield-bearing instruments that operate 24/7. Securitize CEO Carlos Domingo calls BUIDL a "core component of crypto market infrastructure," giving traders access to a liquid, low-risk collateral option that reduces reliance on volatile cryptos or stablecoins.

令牌化的財政市場正在蓬勃發展，過去一年增長了約400％，超過70億美元。這表明對24/7運行的穩定，鏈，承重儀器的需求很大。證券化CEO Carlos Domingo稱Buidl為“加密市場基礎設施​​的核心組成部分”，使交易者可以使用液體，低風險的抵押選擇，從而降低了對揮發性加密貨幣或穩定的依賴。

Solana at the Forefront of Equity Tokenization

索拉納處於公平令牌的最前沿

Solana is becoming the go-to blockchain for equity tokenization. DeFi Development Corp. (DFDV) is tokenizing its own shares, DFDVx, on the Solana network through Kraken's upcoming xStocks platform. This bridges the gap between regulated public markets and the permissionless world of DeFi. DFDV CEO Joseph Onorati envisions this as a "DeFi lego block," where shares of a public company can be used within decentralized applications for trading, lending, and collateralization.

Solana正成為公平令牌化的首選區塊鏈。 Defi Development Corp.（DFDV）通過Kraken即將到來的Xstocks平台在Solana網絡上簽署了自己的股票DFDVX。這彌合了受監管的公共市場與無許可的Defi世界之間的差距。 DFDV首席執行官Joseph Onorati將其視為“ Defi Lego Block”，在該公司可以在分散申請中將上市公司的股份用於交易，貸款和抵押。

The potential market for tokenized RWAs is massive, projected to reach $18.9 trillion by 2033, according to a report by BCG and Ripple. Trading assets like Apple, Tesla, and DFDV on-chain, 24/7, with near-instant settlement is a game-changer. For Solana, hosting these high-profile tokenized assets solidifies its position as a high-throughput blockchain for real-world financial applications, boosting the SOL token's value.

根據BCG和Ripple的一份報告，標記RWAS的潛在市場預計到2033年將達到18.9萬億美元。蘋果，特斯拉和DFDV鍊鍊（24/7）等貿易資產具有近乎內在的定居點，這是一個改變遊戲規則的人。對於Solana而言，託管這些備受矚目的令牌資產鞏固了其作為現實世界中財務應用的高通量區塊鏈的地位，從而提高了SOL令牌的價值。

A Look Back: Mirror Protocol and the Evolution of Tokenization

回顧：鏡像協議和令牌化的演變

Remember Mirror Protocol from the DeFi summer of 2020? It allowed users to mint synthetic assets (mAssets) to track stock prices. While innovative, it relied heavily on oracles and the stability of UST, with no actual stock backing. The SEC later intervened, deeming mAssets unregistered securities.

還記得2020年夏季的鏡子協議嗎？它允許用戶造成合成資產（Massets）來跟踪股票價格。雖然創新，但它嚴重依賴於甲殼和UST的穩定性，沒有實際的庫存支持。 SEC後來進行了乾預，認為無註冊的證券被認為。

Today, things are different. xStocks, for example, is custodied by regulated brokers, ensuring the cash value of stocks purchased can be redeemed. Every on-chain purchase is anchored by a real stock purchase. This wave of U.S. stock tokenization is led by traditional financial giants and compliant enterprises, prioritizing compliance and adhering to regulations.

今天，情況有所不同。例如，Xstocks由受監管的經紀人拘留，以確保可以兌換購買的股票的現金價值。每次鏈上購買都是由實際購買的股份。美國股票令牌化的浪潮由傳統的金融巨頭和符合企業的企業領導，優先考慮合規性並遵守法規。

The Future of Tokenization

令牌化的未來

The convergence of TradFi and DeFi, driven by tokenization, is creating exciting opportunities for traders and reshaping market infrastructure. With BlackRock, Crypto.com, and Solana leading the charge, we're seeing the emergence of new forms of collateral, yield-bearing instruments, and direct on-chain exposure to traditional equities.

由令牌化驅動的Tradfi和Defi的融合為貿易商創造了令人興奮的機會，並重塑了市場基礎設施​​。憑藉BlackRock，Crypto.com和Solana領導了指控，我們看到了新形式的抵押品，承擔屈服工具以及直接接觸傳統股票的鏈上。

Final Thoughts

最後的想法

So, what does all this mean? Well, it looks like the financial world is finally catching up with the crypto revolution. Who knew you could earn yield on your collateral while trading crypto? It's like having your cake and eating it too! The future of finance is here, and it's tokenized!

那麼，這意味著什麼？好吧，似乎金融界終於趕上了加密革命。誰知道您可以在交易加密貨幣時賺取收益？這就像吃蛋糕也吃了！財務的未來就在這裡，它已被象徵化！