BlackRock 区块链：TradFi 巨头是否准备推出自己的区块链网络？

链上数据平台 Token Terminal 表示，贝莱德可能会推出自己的区块链，类似于 Coinbase 的第 2 层 (L2) 网络 Base。

Asset management behemoth BlackRock might be planning to launch its own blockchain, according to Token Terminal. This assumption is based on the recent analysis of the firm's holdings across asset classes, which revealed BlackRock's interest in crypto and blockchain technology.

据 Token Terminal 报道，资产管理巨头贝莱德可能正计划推出自己的区块链。这一假设是基于最近对该公司所持资产类别的分析，该分析揭示了贝莱德对加密货币和区块链技术的兴趣。

BlackRock categorizes its crypto holdings into three groups: crypto assets (e.g., Bitcoin (BTC)), stablecoins (e.g., USDC), and tokenized assets (e.g., BUIDL). This information was obtained by on-chain data platform Token Terminal, which used it to examine the asset manager's crypto strategy.

贝莱德将其加密资产分为三类：加密资产（例如比特币（BTC））、稳定币（例如 USDC）和代币化资产（例如 BUIDL）。该信息是通过链上数据平台Token Terminal获得的，该平台用它来检查资产管理公司的加密策略。

The firm reportedly identifies three main advantages of Bitcoin as an asset: (1) it is internet-native, making it globally accessible; (2) BTC's efficiency in cross-border transactions is highlighted; and (3) its fixed supply上限 positions it as a hedge against inflation.

据报道，该公司确定了比特币作为一种资产的三个主要优势：（1）它是互联网原生的，可以在全球范围内使用； （2）BTC跨境交易效率凸显； (3) 其固定供应上限使其成为对冲通胀的工具。

Highlighting the role of BlackRock's iShares Bitcoin ETF (exchange-traded fund), IBIT, Token Terminal anticipates the firm will similarly productize all major crypto assets. Notably, while BlackRock has already done this with Ethereum, prospects of a Solana ETF remain slim for now.

Token Terminal 强调了 BlackRock 的 iShares 比特币 ETF（交易所交易基金）、IBIT 的作用，预计该公司将类似地生产所有主要加密资产。值得注意的是，虽然贝莱德已经在以太坊上做到了这一点，但目前 Solana ETF 的前景仍然渺茫。

Nevertheless, the on-chain data platform attests to BlackRock's belief in the potential of blockchain technology to improve capital markets. It cites round-the-clock operational capital markets, improved transparency and investor access, lower fees, and faster settlement. This investigation led Token Terminal to conclude that the firm could launch its own blockchain, as Coinbase did with Base L2.

尽管如此，链上数据平台证明了贝莱德对区块链技术改善资本市场潜力的信念。它引用了全天候运作的资本市场、提高的透明度和投资者准入、更低的费用和更快的结算。这项调查导致 Token Terminal 得出结论，该公司可以推出自己的区块链，就像 Coinbase 推出 Base L2 一样。

“We believe that BlackRock will eventually launch its own blockchain, and follow a similar playbook that Coinbase has used with Base. This would allow BlackRock to concentrate the recordkeeping of its holdings across asset classes ($10T AUM) to a single, global, interoperable, and transparent ledger,” Token Terminal concludes.

“我们相信 BlackRock 最终将推出自己的区块链，并遵循 Coinbase 与 Base 所使用的类似策略。这将使贝莱德能够将其持有的跨资产类别（10T 资产管理规模）的记录集中到一个单一的、全球性的、可互操作的、透明的分类账上。”Token Terminal 总结道。

Possible Implications of BlackRock Blockchain For TradFi

贝莱德区块链对 TradFi 的可能影响

BlackRock's launch of a blockchain would mark a major shift in the traditional finance (TradFi) sector, signaling a move towards decentralized solutions. Similar to how Coinbase transformed into a Web3 gateway with Base, BlackRock's blockchain initiative could elevate the company from a traditional asset manager to a leader in the digital asset space.

贝莱德推出区块链将标志着传统金融（TradFi）领域的重大转变，标志着向去中心化解决方案的转变。与 Coinbase 通过 Base 转型为 Web3 网关类似，贝莱德的区块链计划可以将公司从传统的资产管理公司提升为数字资产领域的领导者。

Whether BlackRock will launch its own blockchain remains unknown, as the firm did not immediately respond to BeInCrypto's request for comment. Nevertheless, such a move would warrant clear regulations.

贝莱德是否会推出自己的区块链仍不得而知，因为该公司没有立即回应 BeInCrypto 的置评请求。尽管如此，这样的举措需要明确的监管。

“As much as we would absolutely love to see this, unless regulations and compliance around this are clear, it won't be happening in the short term at all. This is given the need for compliance. There is one thing: an entire blockchain ecosystem would be incredible, but how would they solve for compliance?” one X user commented.

“尽管我们绝对希望看到这一点，但除非相关法规和合规性明确，否则短期内根本不会发生。这是出于合规的需要。有一点：整个区块链生态系统将是令人难以置信的，但他们将如何解决合规性问题？”一位 X 用户发表了评论。

Leveraging blockchain technology, BlackRock could streamline its operations, reduce costs, increase transparency, and enhance security across its extensive financial products and services. This approach has the potential to revolutionize transactions and create a more efficient and secure financial ecosystem.

利用区块链技术，贝莱德可以简化其运营、降低成本、提高透明度并增强其广泛的金融产品和服务的安全性。这种方法有可能彻底改变交易并创建更高效​​、更安全的金融生态系统。

Furthermore, such a venture would open up new opportunities for its clients and investors to access a wide range of digital assets. They would also be exposed to more seamless and user-friendly investment opportunities. This would democratize access to financial products and strengthen BlackRock's position as a leader in the digital asset management space.

此外，这样的合资企业将为客户和投资者提供获取广泛数字资产的新机会。他们还将获得更加无缝和用户友好的投资机会。这将使金融产品的获取更加民主化，并巩固贝莱德作为数字资产管理领域领导者的地位。

The firm has already set a new standard in tokenizing real-world assets (RWAs) with the success of BUIDL, BlackRock's USD Institutional Digital Liquidity Fund. BUIDL recently became the largest tokenized fund, showcasing the growth and increasing integration of blockchain technology in traditional finance (TradFi).

随着贝莱德美元机构数字流动性基金 BUIDL 的成功，该公司已经在现实世界资产（RWA）代币化方面树立了新标准。 BUIDL 最近成为最大的代币化基金，展示了区块链技术在传统金融 (TradFi) 中的增长和日益一体化。

While the general demand for such tokenized products remains in its early stages, specific segments continue to show promising interest. BlackRock's BUIDL and Franklin Templeton's BENJI point to this effect.

虽然对此类代币化产品的总体需求仍处于早期阶段，但特定细分市场继续表现出有希望的兴趣。贝莱德的 BUIDL 和富兰克林邓普顿的 BENJI 都指出了这一点。