貝萊德與公共區塊鏈：新方向

隨著貝萊德決定青睞公共區塊鏈，尤其是以太坊，傳統金融世界正處於轉型之中

The world of traditional finance is undergoing a transformation with BlackRock’s decision to favor public blockchains, notably Ethereum, for its blockchain-based financial products. This major shift marks a turning point in the adoption of public blockchains. It also opens the door to a deeper integration of this technology into the workings of financial markets.

隨著貝萊德決定在其基於區塊鏈的金融產品中青睞公共區塊鏈，尤其是以太坊，傳統金融世界正在經歷一場變革。這一重大轉變標誌著公共區塊鏈採用的轉捩點。它也為將該技術更深入地融入金融市場運作打開了大門。

BlackRock and public blockchains: a new direction

貝萊德與公共區塊鏈：新方向

Until now, BlackRock tended to favor private blockchains. However, experience has shown that public blockchains, like Ethereum, offer significant advantages in terms of transparency, accessibility, and governance.

到目前為止，貝萊德傾向於青睞私有區塊鏈。然而，經驗表明，像以太坊這樣的公共區塊鏈在透明度、可訪問性和治理方面具有顯著的優勢。

Transparency on Ethereum

以太坊的透明度

Transactions on Ethereum are visible to everyone, allowing investors to track capital flows in real-time and ensure the proper execution of operations. This increased transparency is essential for:

以太坊上的交易對所有人都是可見的，使投資者能夠即時追蹤資金流向並確保操作的正確執行。提高透明度對於以下幾個方面至關重要：

Ensuring that investment mandates are being followed precisely.

確保準確遵循投資指示。

Monitoring the performance of fund managers and holding them accountable for their actions.

監督基金經理人的績效並讓他們對其行為負責。

Capital flows can be tracked down to the smallest detail, providing investors with a clear view of how their funds are being allocated and used.

資本流動可以追蹤到最小的細節，讓投資者清楚地了解他們的資金是如何分配和使用的。

Accessibility

無障礙

Public blockchains (like Ethereum) are open to everyone. This allows anyone to participate in the network and interact with decentralized applications (dApps) built on them. This open accessibility fosters innovation and the creation of new financial products.

公共區塊鏈（如以太坊）向所有人開放。這允許任何人參與網路並與基於其構建的去中心化應用程式（dApp）進行互動。這種開放的存取方式促進了創新和新金融產品的創造。

Anyone can build and deploy applications on Ethereum, creating a vast ecosystem of decentralized services.

任何人都可以在以太坊上建立和部署應用程序，創建一個龐大的去中心化服務生態系統。

Developers have the freedom to experiment and build new financial instruments, ranging from synthetic assets to derivatives.

開發人員可以自由地試驗和建構新的金融工具，從合成資產到衍生性商品。

The open nature of public blockchains enables anyone to participate in the financial markets, regardless of their location or background.

公共區塊鏈的開放性使任何人都可以參與金融市場，無論其位置或背景為何。

Governance

治理

Ethereum and all other public blockchains are managed in a decentralized manner. users have a say in the development and evolution of the platform. This participatory governance promotes accountability.

以太坊和所有其他公共區塊鏈均以去中心化的方式管理。使用者對平台的發展和演變有發言權。這種參與式治理促進了問責制。

The community of users, developers, and validators governs the platform, ensuring that it remains aligned with the needs of its users.

使用者、開發人員和驗證者社群負責管理該平台，確保其始終滿足使用者的需求。

This decentralized governance model fosters long-term sustainability and ensures that the platform is not controlled by any single entity.

這種去中心化的治理模式促進了長期永續性，並確保平台不受任何單一實體的控制。

BlackRock’s first tokenization project on Ethereum

貝萊德在以太坊上的第一個代幣化項目

To solidify its commitment to public blockchains, BlackRock launched its first tokenization project on the Ethereum blockchain.

為了鞏固對公共區塊鏈的承諾，貝萊德在以太坊區塊鏈上推出了第一個代幣化計畫。

This project involves converting a traditional investment fund, “Institutional Digital Liquidity,” into digital tokens based on Ethereum. These digital tokens, denominated in USD Coin (USDC), provide investors with transparent and secure access to portfolio diversification.

該項目涉及將傳統投資基金「機構數位流動性」轉換為基於以太坊的數位代幣。這些數位代幣以美元硬幣 (USDC) 計價，為投資者提供透明、安全的投資組合多元化途徑。

The fund spans various asset classes, including equities, bonds, and real estate, offering investors diverse exposure within a single token.

該基金涵蓋股票、債券和房地產等多種資產類別，為投資者提供單一代幣的多樣化投資。

Investors can easily track the performance and allocation of the fund thanks to the inherent transparency of Ethereum.

由於以太坊固有的透明度，投資者可以輕鬆追蹤基金的表現和分配。

This tokenization initiative marks a significant step in merging traditional finance with the capabilities of public blockchains.

這一代幣化措施標誌著傳統金融與公共區塊鏈功能融合的重要一步。

BlackRock’s adoption of Ethereum is a strong signal of the growing maturity of the cryptocurrency market. It also highlights the potential for public blockchains to revolutionize the financial industry by offering greater transparency, accessibility, and participation.

貝萊德採用以太坊是加密貨幣市場日益成熟的強烈訊號。它還強調了公共區塊鏈透過提供更大的透明度、可近性和參與性來徹底改變金融業的潛力。