現實世界資產：DeFi 指數成長與跨鏈互通性的下一個前沿

近幾個月來，加密市場出現爆炸性成長，特別是在現實世界資產（RWA）領域。 RWA 是房地產和債務證券等實體資產的代幣化版本，可釋放流動性和部分所有權。新興的RWA 資產類別預計將呈指數級增長，預計到2030 年將達到3.5 兆美元至16 兆美元。隨著創新空間的發展勢頭增強並為非流動資產釋放流動性，RWA 正在成為DeFi 成長的下一個前沿。

Real-world Assets: The Next Frontier for Decentralized Finance

現實世界資產：去中心化金融的下一個前沿

The convergence of blockchain technology and traditional finance has birthed a new era of asset tokenization, ushering in a paradigm shift that unlocks liquidity and fractional ownership in previously illiquid assets. Real-world assets (RWAs), such as real estate, private equity, debt securities, and commodities, are now being digitized and represented on blockchain networks, paving the way for a decentralized future.

區塊鏈技術和傳統金融的整合催生了資產代幣化的新時代，帶來了範式轉變，釋放了以前非流動性資產的流動性和部分所有權。現實世界資產（RWA），如房地產、私募股權、債務證券和大宗商品，現在正在數位化並在區塊鏈網路上表示，為去中心化的未來鋪平了道路。

Exponential Growth and Market Potential

指數成長和市場潛力

RWAs have emerged as the next frontier for growth in decentralized finance (DeFi), with experts projecting an exponential surge in their value over the coming years. Estimates vary, with some predicting a market size of $3.5 trillion, while others forecast a staggering $16 trillion by 2030. This nascent asset class has already surpassed an $8.5 billion valuation, and its allure continues to attract mainstream entities, further validating its immense potential.

RWA 已成為去中心化金融 (DeFi) 成長的下一個前沿領域，專家預計其價值在未來幾年將呈指數級增長。人們的估計各不相同，有些人預測市場規模將達到3.5 兆美元，而有些人則預測到2030 年市場規模將達到驚人的16 兆美元。這一新興資產類別的估值已超過85億美元，其吸引力繼續吸引主流實體，進一步驗證了其巨大潛力。

Cross-chain Interoperability and Value Transfer

跨鏈互通與價值轉移

RWAs are not only transforming the way we invest in traditional assets but also facilitating cross-chain interoperability and seamless value transfer between traditional financial systems and decentralized networks. According to Manit Parikh, CEO of Binary Holdings, "Integrating RWA into DeFi can facilitate cross-chain interoperability, enabling seamless value transfer between traditional financial systems and decentralized networks."

RWA 不僅改變了我們投資傳統資產的方式，還促進了傳統金融系統和去中心化網路之間的跨鏈互通性和無縫價值轉移。 Binary Holdings 執行長 Manit Parikh 表示，“將 RWA 整合到 DeFi 中可以促進跨鏈互通性，實現傳統金融系統和去中心化網路之間的無縫價值轉移。”

3 Trailblazing RWA Projects

3 個開創性的 RWA 項目

Amidst the burgeoning RWA landscape, there are several projects that stand out as pioneers, propelling the industry forward with innovative solutions. Here are three notable examples:

在蓬勃發展的 RWA 領域，有幾個項目脫穎而出，成為先鋒，透過創新解決方案推動產業向前發展。以下是三個值得注意的例子：

1. Mantra: The Blockchain for Tokenized RWAs

1. Mantra：代幣化 RWA 的區塊鏈

Mantra Finance has positioned itself as the blockchain for tokenized RWAs and regulated digital assets. Founded in 2020, Mantra has established a fully compliant, regulatory-friendly multi-asset platform that seeks to bridge traditional finance (TradFi) and DeFi. Mantra's focus on regulatory adherence has made it an attractive option for institutions seeking exposure to RWAs and digital assets in a trusted, compliant environment.

Mantra Finance 將自己定位為代幣化 RWA 和受監管數位資產的區塊鏈。 Mantra 成立於 2020 年，建立了一個完全合規、監管友好的多資產平台，旨在架起傳統金融（TradFi）和 DeFi 的橋樑。 Mantra 對遵守監管的關注使其成為尋求在可信賴、合規環境中接觸 RWA 和數位資產的機構的有吸引力的選擇。

Mantra's core products include a central limit order book (CLOB) that enables the trading of unique tokenized RWAs, such as debt securities, real estate, private equity funds, and more. The platform recently secured $11 million in funding, which will be used to build regulatory-compliant infrastructure, provide developer tools for building RWA protocols, and expand tokenization opportunities globally, with a particular focus on the Middle East and Asia.

Mantra 的核心產品包括中央限價訂單簿 (CLOB)，可實現獨特的代幣化 RWA 交易，例如債務證券、房地產、私募股權基金等。該平台最近獲得了 1,100 萬美元的資金，將用於建立符合監管的基礎設施、提供用於建立 RWA 協議的開發人員工具，並在全球範圍內擴大代幣化機會，特別關注中東和亞洲。

2. Ondo Finance: Bridging DeFi and Traditional Finance

2. Ondo Finance：連結 DeFi 和傳統金融

Ondo Finance is a visionary venture that seeks to bridge the gap between traditional financial instruments and blockchain technology. While its primary offering revolves around making DeFi yields accessible through risk-isolated, fixed-yield crypto loans, Ondo has been at the forefront of the RWA tokenization revolution.

Ondo Finance 是一家富有遠見的企業，致力於彌合傳統金融工具與區塊鏈技術之間的差距。雖然 Ondo 的主要產品圍繞著透過風險隔離、固定收益的加密貨幣貸款提供 DeFi 收益，但 Ondo 一直處於 RWA 代幣化革命的前沿。

Ondo has created groundbreaking offerings such as USDY, a stablecoin providing exposure to US Treasuries, and OUSG, a token representing on-chain US government securities. By tokenizing real-world assets like government debt, Ondo unlocks enhanced liquidity, accessibility, and transparency compared to legacy markets. Investors can trade these tokenized assets around the clock without relying on intermittent trading windows.

Ondo 創造了突破性的產品，例如 USDY（一種提供美國國債敞口的穩定幣）和 OUSG（代表鏈上美國政府證券的代幣）。透過對政府債務等現實世界資產進行代幣化，與傳統市場相比，Ondo 提高了流動性、可近性和透明度。投資者可以全天候交易這些代幣化資產，而無需依賴間歇性交易視窗。

Ondo has also developed the Ondo Bridge, a core infrastructure component that facilitates seamless transfers of tokenized assets across multiple blockchain networks. This cross-chain interoperability is crucial for the continued real-world adoption of RWAs.

Ondo 還開發了 Ondo Bridge，這是一個核心基礎設施組件，有助於跨多個區塊鏈網路無縫轉移代幣化資產。這種跨鏈互通性對於現實世界中 RWA 的持續採用至關重要。

3. BUIDL: BlackRock's Tokenized Fund Offering

3. BUIDL：貝萊德的代幣化基金發行

In a landmark move, BlackRock, the world's largest asset manager, recently launched its BUIDL platform (BlackRock USD Institutional Digital Liquidity Fund). BUIDL represents BlackRock's first tokenized fund offering on the Ethereum blockchain, and since its release, a staggering $1 billion in US Treasuries have already been transferred on-chain.

全球最大的資產管理公司貝萊德最近推出了BUIDL平台（貝萊德美元機構數位流動性基金），這是一項具有里程碑意義的舉措。 BUIDL 代表貝萊德在以太坊區塊鏈上首次發行代幣化基金，自發布以來，已有高達 10 億美元的美國國債轉移至鏈上。

Through BUIDL, qualified institutional investors can earn yields on their US dollar holdings via tokenization. The fund ensures regulatory compliance by issuing shares under SEC rules and partnering with reputable custodians like Coinbase, Anchorage Digital Bank NA, BitGo, and Fireblocks.

透過 BUIDL，合格的機構投資者可以透過代幣化從其持有的美元中賺取收益。該基金透過根據 SEC 規則發行股票並與 Coinbase、Anchorage Digital Bank NA、BitGo 和 Fireblocks 等信譽良好的託管機構合作，確保監管合規。

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