第一家公开交易的比特币金融服务公司响了纳斯达克开幕式铃铛

对Fold Holdings Inc.的邀请只是许多信号中的一个信号，在短短几个月的时间里，加密货币进入了主流财务采用的新阶段。

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

第一家公开交易的比特币金融服务公司在5月2日（5月2日）拨打了纳斯达克开放式钟声。

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.

对Fold Holdings Inc.的邀请只是许多信号中的一个信号，在短短几个月的时间里，加密货币进入了主流财务采用的新阶段。

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个星期的表面，这也使亚利桑那州立法机关转移到州长的办公桌上，这是一条账单，可以为创建该国首个州级比特币储备的方式铺平道路，而战略（以前是MicroStrategy）正在通过其自己的840亿美元购买该名称的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.

战略总裁兼首席执行官说：“现在，由于全球有70多家上市公司采用比特币国库标准，我们很荣幸能在这一领域处于开创性的领先地位。”

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.

即使是常春藤联邦机构布朗大学，最近也透露了对贝莱德比特币ETF的490万美元投资，这表明对多元化投资组合中的加密货币更广泛地接受。

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.

在这种背景下，观察家认为，在华尔街及其他地区，数字资产可能不再仅限于投机圈子。随着比特币ETF成为多元化投资组合和监管框架的越来越多的组成部分，曾经定义的加密货币似乎正在成为结构化整合的新时代的权力下放梦。

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

另请阅读：数字资产底漆：公司财政部从HODL移动以产生

Wall Street Makes Bigger Bet on Blockchain

华尔街对区块链进行更大的赌注

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.

看到主要的投资公司探索加密货币不再是新颖的，但2025年标志着转折点。摩根士丹利（Morgan Stanley）准备在2026年就向其广阔的E*贸易客户群提供加密货币交易，并有可能通过熟悉的平台将数百万个零售投资者引入数字资产。

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.

同时，查尔斯·施瓦布（Charles Schwab）正准备在一年内推出比特币和以太坊的现场加密货币交易，旨在满足寻求曝光的传统投资者日益增长的需求。

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.

这些动作不是孤立的。贝莱德（Blackrock）是世界上最大的资产经理，正在将区块链技术更深入地融入常规融资。该公司最近宣布了计划在区块链上注册其1500亿美元货币市场基金的新股份，这是旨在提高透明度和运营效率的一步。

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年最引人注目的发展也许是特朗普家族对稳定的企业的企业。 USD1代币在迪拜会议上揭幕，据报道，阿布扎比的MGX进行了20亿美元的二手投资，这引起了眉毛和战略问题。代币是特朗普盟友将自己定位为加密货币世界中的权力经纪人的广泛推动的一部分。

"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的合伙人丹·博伊尔（Dan Boyle）在4月23日发布的采访中告诉PYMNTS：“这不是一种对抗性姿势。”

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?

这些发展共同表示金融界的重大重新调整。曾经被认为是边缘和风险重的领域的加密货币现在正在成为公司战略的潜在支柱。但是，这对管理企业基金的公司财务主管意味着什么？

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

另请参阅：哪些财政团队可以从中央银行的令牌化项目中学到

The Broader Implications for Treasury Management

对财政管理的更广泛影响

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年的加密景观为公司财政团队带来了机会和新的复杂性。随着比特币ETF和机构级平台即可进行，财务主管可以访问新的，受监管的资产类别。这些对于多元化可能很有用，但它们还需要明确的政策框架和风险管理策略。

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.

像贝莱德（BlackRock）对资金的标记一样的举动暗示了未来的财政仪器在区块链轨道上运行的。这可以实现实时解决，提高可审核性和运营效率。

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.

特别是围绕稳定蛋白的监管清晰度，随着财务主管调查其用作液体，可编程现金等价物的使用，它们正在成为跨境支付和公司内基金流量的潜在可行工具。

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.

随着PYMNT的覆盖，Stablecoin市值在4月的历史上达到了历史最高水平，而加密货币部门的表现强劲。 PYMNTS报道，监管成熟，现实世界中对稳定实用程序的追求以及数字资产的制度化标志着一个转折点，其中野生西部的加密货币被与主流金融的融合所取代。