以太坊，“數字石油”注定要徹底改變傳統金融機構

Etherealize和前華爾街銀行家的聯合創始人Vivek Raman領導著前所未有的魅力攻勢。

Vivek Raman, co-founder of Etherealize and former Wall Street banker, is leading an unprecedented charm offensive. He now presents Ethereum as the “digital oil” destined to revolutionize traditional financial institutions.

Etherealize和前華爾街銀行家的聯合創始人Vivek Raman領導著前所未有的魅力攻勢。現在，他將以太坊呈現為註定要徹底改變傳統金融機構的“數字石油”。

This year, several reports highlight a surprising trend: the massive entry of institutional players into the cryptocurrency market is continuing at an unhurried pace.

今年，一些報導強調了一個令人驚訝的趨勢：機構參與者進入加密貨幣市場的大規模進入以持續不斷的速度。

Among these giants deploying their pawns on the chessboard are behemoths like BlackRock, which has already launched several tokenized products, and Franklin Templeton, which is also venturing into this domain.

在這些巨頭在棋盤上部署典當的巨人中有像貝萊德（Blackrock）這樣的龐然大物，該巨獸已經推出了幾種令牌化產品，而富蘭克林·鄧普頓（Franklin Templeton）也正在冒險進入該領域。

This influx of institutional actors is forging a new generation of startups developing this technology. Among them is Etherealize, co-founded by former Nomura and UBS banker Vivek Raman.

機構參與者的這種湧入正在建立新一代的初創公司開發這項技術。其中有空靈，由前野村（Nomura）和瑞銀銀行家Vivek Raman共同創立。

Since January 2025, Raman and his team have been busy rolling up their sleeves to convert financial institutions to use Ethereum.

自2025年1月以來，拉曼和他的團隊一直忙於滾動袖子，將金融機構轉換為使用以太坊。

“I still call it digital oil, but people are starting to understand it better. We believe that with the evolution of the crypto ecosystem, people will want to hold this asset as a reserve,” he explains.

他解釋說：“我仍然稱其為數字石油，但人們開始更好地理解它。我們相信，隨著加密生態系統的發展，人們將希望將此資產作為儲備作為儲備。”

This analogy is directly inspired by bitcoin, often called “digital gold,” making Ethereum more accessible to newcomers from Wall Street.

這個類比是受比特幣的啟發，通常稱為“數字黃金”，使華爾街的新移民更容易獲得以太坊。

It is an interesting observation. Indeed, several reports highlight a surprising trend: the massive entry of institutional players into the cryptocurrency market is continuing at an unhurried pace.

這是一個有趣的觀察。的確，一些報導強調了一個令人驚訝的趨勢：機構參與者進入加密貨幣市場的大規模進入正在持續的速度。

Among these giants deploying their pawns on the chessboard are behemoths like BlackRock, which has already launched several tokenized products, and Franklin Templeton, which is also venturing into this domain.

在這些巨頭在棋盤上部署典當的巨人中有像貝萊德（Blackrock）這樣的龐然大物，該巨獸已經推出了幾種令牌化產品，而富蘭克林·鄧普頓（Franklin Templeton）也正在冒險進入該領域。

This influx of institutional actors is forging a new generation of startups developing this technology. Among them is Etherealize, co-founded by former Nomura and UBS banker Vivek Raman.

機構參與者的這種湧入正在建立新一代的初創公司開發這項技術。其中有空靈，由前野村（Nomura）和瑞銀銀行家Vivek Raman共同創立。

Since January 2025, Raman and his team have been busy rolling up their sleeves to convert financial institutions to use Ethereum.

自2025年1月以來，拉曼和他的團隊一直忙於滾動袖子，將金融機構轉換為使用以太坊。

“I still call it digital oil, but people are starting to understand it better. We believe that with the evolution of the crypto ecosystem, people will want to hold this asset as a reserve,” he explains.

他解釋說：“我仍然稱其為數字石油，但人們開始更好地理解它。我們相信，隨著加密生態系統的發展，人們將希望將此資產作為儲備作為儲備。”

This analogy is directly inspired by bitcoin, often called “digital gold,” making Ethereum more accessible to newcomers from Wall Street.

這個類比是受比特幣的啟發，通常稱為“數字黃金”，使華爾街的新移民更容易獲得以太坊。

The 'digital oil' analogy: attractive but imperfect

“數字油”類比：有吸引力但不完美

The idea is simple: just as oil fuels the global industry, ETH fuels the blockchain network. It serves as fuel for all transactions and smart contracts.

這個想法很簡單：就像石油燃燒全球行業一樣，ETH也為區塊鍊網絡燃料。它充當所有交易和智能合約的燃料。

However, fundamental differences emerge. Unlike oil, whose supply remains elastic according to demand, Ethereum has a maximum issuance of 1.5% per year.

但是，出現了根本差異。與石油根據需求保持彈性的石油不同，以太坊的發行最高每年發行1.5％。

“Rather than a fixed total supply cap, there is a fixed annual issuance cap,” clarifies Danny Ryan, co-founder of Etherealize and former researcher at the Ethereum Foundation. This predictability reassures institutional investors used to assets with clear rules.

“沒有固定的總供應上限，而是固定的年度發行​​上限，” Etherealize的聯合創始人，以太坊基金會的前研究員丹尼·瑞安（Danny Ryan）澄清說。這種可預測性使機構投資者用於具有明確規則的資產。

The most striking advantage of Ethereum lies in its ability to generate income. Unlike oil stored in reserves, ETH “staked” on the network currently yields 3% per year. This passive income naturally attracts institutions seeking regular returns.

以太坊最驚人的優勢在於它產生收入的能力。與存儲在儲量中的石油不同，該網絡上的ETH“儲存”目前每年產生3％。這種被動收入自然會吸引尋求定期回報的機構。

Ethereum, future reference asset of tokenized finance

以太坊，令牌融資的未來參考資產

The real revolution of Ethereum lies in the tokenization of traditional assets. BlackRock and Franklin Templeton have already taken the step by tokenizing several of their funds on this blockchain. This institutional adoption is expected to accelerate under Donald Trump, known to be favorable to cryptocurrencies.

以太坊的真正革命在於傳統資產的令牌化。貝萊德（Blackrock）和富蘭克林·鄧普頓（Franklin Templeton）已經通過將其幾支資金用於該區塊鏈，已經邁出了一步。預計在唐納德·特朗普（Donald Trump）的領導下，這種機構採用有望加速，這有利於加密貨幣。

Admittedly, competitors like Solana are nibbling away market share. Kraken has even chosen this blockchain for some of its offerings. But Ethereum maintains a lead thanks to its maturity and proven security.

誠然，像Solana這樣的競爭對手正在ni縮市場份額。 Kraken甚至為其一些產品選擇了這個區塊鏈。但是以太坊由於其成熟度和可靠的安全性而保持了領先。

Raman goes further in his vision. “In this ecosystem where all global assets are tokenized, the only neutral and global asset that connects all these assets is ETH,” he asserts. This perspective turns Ethereum into the backbone of the digital financial system.

拉曼在他的視野中走得更遠。他斷言：“在所有全球資產都被標記化的生態系統中，連接所有這些資產的唯一中性和全球資產是ETH。”這種觀點將以太坊變成了數字金融系統的骨幹。

Concretely, ETH would serve as a universal exchange currency between different tokenized assets. Stocks, bonds, commodities: all these traditional assets could be traded via Ethereum. This interconnection would create a truly global digital economy.

具體而言，ETH將作為不同令牌資產之間的普遍兌換貨幣。股票，債券，商品：所有這些傳統資產都可以通過以太坊進行交易。這種互連將創造真正的全球數字經濟。

This vision aligns with the increasing interest of institutional players in cryptocurrencies, a trend observed throughout the year.

這種願景與機構參與者對加密貨幣的興趣越來越吻合，這一趨勢全年都觀察到。

Earlier, in August, researchers at the University of Cambridge revealed that a third of the world’s largest companies had invested in or experimented with cryptocurrencies, highlighting the growing enthusiasm of these giants for the industry.

早些時候，八月份的劍橋大學研究人員透露，世界上最大的一家公司中有三分之一的公司投資或嘗試了加密貨幣，強調了這些巨頭對該行業的熱情日益增長。

Moreover, the arrival of Donald Trump on the political scene could further accelerate this adoption. Known for his pro-cryptocurrency stance, he is likely to encourage the development of the sector.

此外，唐納德·特朗普（Donald Trump）在政治舞台上的到來可能會進一步加速這種採用。他以他的支持貨幣立場而聞名，他可能會鼓勵該行業的發展。

Finally, the “digital oil” analogy makes complete sense. Just as oil revolutionized industry in the 20th century, Ethereum could well transform 21st-century finance.

最後，“數字油”類比完全有意義。正如石油在20世紀革命性的行業一樣，以太坊也可以很好地改變21世紀的金融。

Experts anticipate that tokenization of stocks will surpass $1 trillion in the medium term. Wall Street is gradually discovering this infrastructure, which will likely become the backbone of tokenized finance.

專家預計，在中期，股票的令牌化將超過1萬億美元。華爾街正在逐漸發現這種基礎設施，該基礎設施可能會成為令牌融資的骨幹。