隨著貝萊德（Blackrock）擴大其Buidl基金

5月27日，令牌終端報告了代幣化的現實資產和新的投資策略的增長。他們強調了資產管理人員如何整合區塊鏈解決方案

On May 27, Token Terminal reported on the growing trends of tokenized real-world assets and new investment strategies being deployed by asset managers to integrate blockchain solutions for broader financial market access.

5月27日，令牌終端報導了資產經理部署的令牌現實資產和新投資策略的日益增長的趨勢，以整合區塊鏈解決方案，以供更廣泛的金融市場訪問。

One case highlighted was the BlackRock USD Institutional Digital Liquidity Fund expanding across multiple blockchain networks. A graph from BUIDL’s website showed that this tokenized money market fund had nearly three billion dollars in assets under management by late May. Among the networks, Ethereum was the largest host for these tokenized real-world assets, with other chains like Aptos and Avalanche each having over fifty million dollars.

強調的一個案例是貝萊德（BlackRock USD）機構數字流動性基金在多個區塊鍊網絡中擴展。 Buidl網站上的一張圖顯示，該標記的貨幣市場基金在5月下旬之前管理了近30億美元的資產。在網絡中，以太坊是這些令牌現實世界中最大的主機，其他連鎖店等連鎖店都擁有超過五千萬美元。

RWA Market AUM Breakdown Highlights Ethereum’s Dominance

RWA市場AUM崩潰突出了以太坊的主導地位

This chart from mid-May shows a snapshot of BUIDL's total assets under management across various blockchains. Ethereum held the majority with about 2.715 billion dollars of the total. Other large chains like Aptos and Avalanche had just over 50 million dollars each. Smaller chains like Arbitrum, Polygon, and Solana had less than 30 million dollars. These figures highlight Ethereum's dominant role. However, other networks are steadily gaining ground in the asset tokenization domain.

這張五月中期的圖表顯示了Buidl在各種區塊鏈中管理的總資產的快照。以太坊以總數約為27.15億美元的總數。 Aptos和Avalanche（例如Aptos和Avalanche）的其他大型連鎖店剛剛超過5000萬美元。諸如仲裁，多邊形和索拉納（Solana）等較小的連鎖店的鏈條少於3000萬美元。這些數字突出了以太坊的主要作用。但是，其他網絡在資產令牌化領域中穩步增長。

This signifies a broader adoption of these financial products beyond a single platform. The increasing interest in blockchain diversification bodes well for the market's resilience and capacity for competitive innovation.

這表明除了單個平台之外，對這些金融產品的廣泛採用。對區塊鏈多元化的興趣日益增強，可以很好地實現市場的韌性和競爭創新能力。

Securitize Powers Compliance and Token Creation for BlackRock’s BUIDL

證券化的權力合規性和黑石公司的代幣創建

The BlackRock USD Institutional Digital Liquidity Fund is a tokenized money market fund that invests in short-term, low-risk debt instruments. It issues BUIDL tokens which are fully backed by short-term U.S. Treasury bills. The BUIDL tokens pay daily dividends to investors based on the yield of the underlying assets. Investors can access BUIDL on Ethereum, Solana, and Arbitrum.

BlackRock USD機構數字流動性基金是一個標記的貨幣市場基金，以短期，低風險的債務工具進行投資。它發出了Buidl令牌，並得到了美國短期美國國庫券的完全支持。 Buidl代幣根據基礎資產的收益率向投資者支付每日股息。投資者可以訪問以太坊，索拉納和仲裁的Buidl。

Securitize is the company that manages the creation of BUIDL tokens and ensures they are compliant with financial regulations. They essentially serve as a bridge between traditional finance and blockchain technology by facilitating the issuance of legally recognized digital assets. This approach provides a regulated way to hold shares of funds in a tokenized format.

Securitize是管理Buidl代幣並確保其符合金融法規的公司。通過促進合法認可的數字資產的發行，它們本質上是傳統金融和區塊鏈技術之間的橋樑。這種方法提供了一種以令牌化格式持有資金股份的監管方式。

Securitize also enables the conversion between BUIDL and sBUIDL tokens through a digital vault service. Investors who wish to participate in DeFi protocols can lock their BUIDL tokens in the vault to receive sBUIDL tokens. These sBUIDL tokens can then be used as collateral in lending protocols like Euler or for liquidity provision in decentralized exchanges. BUIDL is designed for stable yield income while sBUIDL is made for additional decentralized use cases.

Securitize還可以通過數字保險庫服務來實現Buidl和Sbuidl令牌之間的轉換。希望參加DEFI協議的投資者可以將其Buidl令牌鎖定在金庫中，以接收SBUIDL令牌。然後，這些SBUIDL令牌可以用作Euler等貸款方案中的抵押品，或用於分散交易所中的流動性提供。 BUIDL是為穩定的收益收入而設計的，而SBUIDL則用於額外的分散用例。

This service offering from Securitize creates a seamless linkage between regulated financial products and open decentralized finance applications. It guarantees compliance with regulations and facilitates broader access to new markets. Investors benefit by retaining exposure to the fund's yield and gains while having the flexibility to participate in decentralized borrowing options or liquidity provision.

這項由證券化提供的服務在受監管的金融產品和開放分散的金融應用程序之間建立了無縫的聯繫。它保證遵守法規，並促進更廣泛進入新市場的機會。投資者通過保留對基金收益率和收益的利益而受益，同時具有參加分散借貸方案或流動性提供的靈活性。

Euler’s Liquidity Access and Wormhole’s Cross-Chain Accessibility

Euler的流動性進入和蠕蟲的跨鏈可訪問性

Institutions and crypto traders can access liquidity from sBUIDL tokens on protocols like Euler. People who deposit sBUIDL tokens can borrow stablecoins like USDC or AUSD. This allows investors to gain liquidity without selling their BUIDL tokens to obtain capital for other investments. They still receive daily yield from the BUIDL tokens and interest on the borrowed stablecoins.

機構和加密貨幣交易者可以從SBUIDL代幣訪問Euler等協議的流動性。存放Sbuidl代幣的人可以藉用USDC或AUSD等穩定的人。這使投資者可以在不出售其Buidl代幣的情況下獲得流動性，以獲得其他投資的資本。他們仍然從Buidl代幣中獲得每日收益，並在藉用的穩定股中獲得利息。

Euler’s modular design enables the creation of custom markets with varied collateral rules. Developers can set liquidation parameters, adjust borrowing rates, and design specialized interest rate models for unique yield optimization strategies. Borrowers can also earn additional rewards on specific networks when using sBUIDL tokens for borrowing activities.

Euler的模塊化設計可以通過各種抵押規則創建定制市場。開發人員可以設置清算參數，調整借貸率並設計專門的利率模型，以實現獨特的收益優化策略。在使用SBUIDL令牌進行借款活動時，借款人還可以在特定網絡上獲得額外的獎勵。

For cross-chain movements of BUIDL tokens, services like Wormhole provide seamless transfer capabilities. It enables the interconnection of major blockchains like Ethereum, Solana, Avalanche, and others. This supports the integration of a multi-chain ecosystem where investors can interact across various platforms.

對於Buidl代幣的跨鏈運動，諸如蟲洞之類的服務提供了無縫的轉移功能。它可以使以太坊，索拉納，雪崩等重大區塊鏈互連。這支持了一個多鏈生態系統的集成，投資者可以在各個平台上進行交互。

The AUM data clearly shows Ethereum’s dominance but also highlights the increasing traction of newer chains. Aptos and Avalanche each have over fifty million dollars in assets under management, while Arbitrum, in particular, is rapidly gaining ground. These trends suggest a broader diversification of tokenized real-world assets across multiple blockchains.

AUM數據清楚地顯示了以太坊的主導地位，但也突出了新鏈的牽引力的增加。 Aptos和Avalanche各自擁有超過500萬美元的管理資產，而仲裁尤其是迅速發展。這些趨勢表明，在多個區塊鏈之間，令牌化現實世界中的資產的多元化更廣泛。

This could be a positive development as it may lead to more innovation and risk distribution. However, it’s crucial to note that despite these advancements, investments in blockchain-based products still come with several risks. The price of BUIDL tokens is not guaranteed to remain stable at one dollar per token at all times.

這可能是一個積極的發展，因為它可能導致更多的創新和風險分配。但是，至關重要的是，儘管有這些進步，但對基於區塊鏈的產品的投資仍然有幾種風險。 Buidl代幣的價格始終保持穩定，始終以1美元的價格保持穩定。

Moreover, there is still regulatory uncertainty in the crypto sector, which could impact the performance of these products. Additionally, these products are susceptible to known and unknown risks like defects in smart contracts, fraud, and theft. The services offered by companies like Securitize and Euler help to mitigate some of these risks and improve the usability of blockchain-based products. But it’s important to understand that they cannot

此外，加密部門仍然存在監管不確定性，這可能會影響這些產品的性能。此外，這些產品容易受到已知和未知風險的影響，例如智能合約，欺詐和盜竊中的缺陷。 Securitize和Euler等公司提供的服務有助於減輕其中一些風險，並提高基於區塊鏈的產品的可用性。但是重要的是要了解他們不能