第一家公開交易的比特幣金融服務公司響了納斯達克開幕式鈴鐺

對Fold Holdings Inc.的邀請只是許多信號中的一個信號，在短短幾個月的時間裡，加密貨幣進入了主流財務採用的新階段。

The first publicly traded bitcoin financial services company rang the Nasdaq opening bell on Friday (May 2).

第一家公開交易的比特幣金融服務公司在5月2日（5月2日）撥打了納斯達克開放式鐘聲。

The invitation given to Fold Holdings Inc. is just one signal among many, that, in a span of just a few months, cryptocurrency has entered a new phase of mainstream financial adoption.

對Fold Holdings Inc.的邀請只是許多信號中的一個信號，在短短幾個月的時間裡，加密貨幣進入了主流財務採用的新階段。

And it’s just scratching the surface of a week that also saw the Arizona State Legislature move to the governor’s desk a pair of bills that could pave the way to create the country’s first state-level bitcoin reserve, while Strategy (formerly MicroStrategy) is doubling down on its own corporate bitcoin stockpile by raising $84 billion to buy more of the nominal crypto asset.

而且它只是刮擦了一個星期的表面，這也使亞利桑那州立法機關轉移到州長的辦公桌上，這是一條賬單，可以為創建該國首個州級比特幣儲備的方式鋪平道路，而戰略（以前是MicroStrategy）正在通過其自己的840億美元購買該名稱的Crynical Mole of Mole of Mole of Mofe of Mofe of Mode of Mode of Mode of Mode of Mode the More of Mode Mersimal contercile。

“With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space,” Strategy President and Chief Executive Officer said Phong Le said in a Thursday (May 1) earnings press release.

戰略總裁兼首席執行官說：“現在，由於全球有70多家上市公司採用比特幣國庫標準，我們很榮幸能在這一領域處於開創性的領先地位。”

Even the Ivy-league institution Brown University has recently disclosed a $4.9 million investment in BlackRock’s bitcoin ETF, signaling a broader acceptance of cryptocurrencies in diversified portfolios.

即使是常春藤聯邦機構布朗大學，最近也透露了對貝萊德比特幣ETF的490萬美元投資，這表明對多元化投資組合中的加密貨幣更廣泛地接受。

Against this backdrop, observers believe it is becoming increasingly held, across Wall Street and beyond, that digital assets may no longer be confined to speculative circles. As bitcoin ETFs become a growing component of diversified portfolios and regulatory frameworks begin to crystallize, the decentralization dream that once defined crypto appears to be giving way to a new era of structured integration.

在這種背景下，觀察家認為，在華爾街及其他地區，數字資產可能不再僅限於投機圈子。隨著比特幣ETF成為多元化投資組合和監管框架的越來越多的組成部分，曾經定義的加密貨幣似乎正在成為結構化整合的新時代的權力下放夢。

Read also: The Digital Asset Primer: Corporate Treasury Moves From HODL to Yield

另請閱讀：數字資產底漆：公司財政部從HODL移動以產生

Wall Street Makes Bigger Bet on Blockchain

華爾街對區塊鏈進行更大的賭注

It’s no longer a novelty to see major investment firms exploring crypto, but 2025 has marked a turning point. Morgan Stanley is preparing to offer cryptocurrency trading to its vast E*Trade client base as soon as 2026, potentially introducing millions of retail investors to digital assets through a familiar platform.

看到主要的投資公司探索加密貨幣不再是新穎的，但2025年標誌著轉折點。摩根士丹利（Morgan Stanley）準備在2026年就向其廣闊的E*貿易客戶群提供加密貨幣交易，並有可能通過熟悉的平台將數百萬個零售投資者引入數字資產。

At the same time, Charles Schwab is gearing up to launch spot crypto trading for bitcoin and ethereum within the year, aiming to meet increasing demand from traditional investors seeking exposure.

同時，查爾斯·施瓦布（Charles Schwab）正準備在一年內推出比特幣和以太坊的現場加密貨幣交易，旨在滿足尋求曝光的傳統投資者日益增長的需求。

These moves are not isolated. BlackRock, the world’s largest asset manager, is pushing blockchain technology deeper into conventional finance. The firm recently announced plans to register a new share class of its $150 billion money market fund on a blockchain, a step designed to enhance transparency and operational efficiency.

這些動作不是孤立的。貝萊德（Blackrock）是世界上最大的資產經理，正在將區塊鏈技術更深入地融入常規融資。該公司最近宣布了計劃在區塊鏈上註冊其1500億美元貨幣市場基金的新股份，這是旨在提高透明度和運營效率的一步。

Perhaps the most eye-catching development in 2025 has been the Trump family's foray into stablecoins. The USD1 token, unveiled at a Dubai conference and reportedly used in a $2 billion Binance investment by Abu Dhabi's MGX, has raised both eyebrows and strategic questions. The token is part of a broader push by Trump allies to position themselves as power brokers in the crypto world.

2025年最引人注目的發展也許是特朗普家族對穩定的企業的企業。 USD1代幣在迪拜會議上揭幕，據報導，阿布扎比的MGX進行了20億美元的二手投資，這引起了眉毛和戰略問題。代幣是特朗普盟友將自己定位為加密貨幣世界中的權力經紀人的廣泛推動的一部分。

"There's certainly a change in how the administration views the digital assets industry," Dan Boyle, partner at Boies Schiller Flexner told PYMNTS in an interview posted April 23. "This is not a confrontational posture."

Boies Schiller Flexner的合夥人丹·博伊爾（Dan Boyle）在4月23日發布的採訪中告訴PYMNTS：“這不是一種對抗性姿勢。”

Together, these developments signify a major realignment of the financial world. Crypto, once believed to be a fringe and risk-heavy domain, is now becoming a potential pillar of corporate strategy. But what does it all mean for corporate treasurers managing enterprise funds?

這些發展共同表示金融界的重大重新調整。曾經被認為是邊緣和風險重的領域的加密貨幣現在正在成為公司戰略的潛在支柱。但是，這對管理企業基金的公司財務主管意味著什麼？

See also: What Treasury Teams Can Learn From Central Banks' Tokenization Projects

另請參閱：哪些財政團隊可以從中央銀行的令牌化項目中學到

The Broader Implications for Treasury Management

對財政管理的更廣泛影響

The crypto landscape in 2025 introduces both opportunities and new complexities for corporate treasury teams. With bitcoin ETFs and institutional-grade platforms going live, treasurers have access to new, regulated asset classes. These can be useful for diversification, but they also require clear policy frameworks and risk management strategies.

2025年的加密景觀為公司財政團隊帶來了機會和新的複雜性。隨著比特幣ETF和機構級平台即可進行，財務主管可以訪問新的，受監管的資產類別。這些對於多元化可能很有用，但它們還需要明確的政策框架和風險管理策略。

Moves like BlackRock's tokenization of funds hint at a future where treasury instruments operate on blockchain rails. This could enable real-time settlement, improved auditability and operational efficiencies.

像貝萊德（BlackRock）對資金的標記一樣的舉動暗示了未來的財政儀器在區塊鍊軌道上運行的。這可以實現實時解決，提高可審核性和運營效率。

As regulatory clarity emerges around stablecoins in particular, they are becoming potentially viable tools for cross-border payments and intra-company fund flows as treasurers investigate their use as liquid, programmable cash equivalents.

特別是圍繞穩定蛋白的監管清晰度，隨著財務主管調查其用作液體，可編程現金等價物的使用，它們正在成為跨境支付和公司內基金流量的潛在可行工具。

As PYMNTS covered, stablecoin market capitalization reached an all-time high in April amid strong performance across cryptocurrency sectors. Regulatory maturation, the real-world quest for stablecoin utility, and the institutionalization of digital assets mark a turning point in which the Wild West days of crypto are being replaced by a convergence with mainstream finance, PYMNTS reported April 23.

隨著PYMNT的覆蓋，Stablecoin市值在4月的歷史上達到了歷史最高水平，而加密貨幣部門的表現強勁。 PYMNTS報導，監管成熟，現實世界中對穩定實用程序的追求以及數字資產的製度化標誌著一個轉折點，其中野生西部的加密貨幣被與主流金融的融合所取代。