证券化、代币化交易和欧盟批准：数字证券的新时代

探索 Securitize 欧盟对代币化证券交易的批准、其影响以及更广泛的代币化前景。这是金融的未来吗？

Securitize, Tokenized Trading, and EU Approval: A New Era for Digital Securities

证券化、代币化交易和欧盟批准：数字证券的新时代

The financial world is buzzing about tokenization, and Securitize is leading the charge. With recent EU approval and strategic partnerships, are we witnessing the dawn of a new era for digital securities? Let's dive in.

金融界正在热议代币化，而 Securitize 正在引领潮流。随着欧盟最近的批准和战略合作伙伴关系，我们是否正在见证数字证券新时代的曙光？让我们深入了解一下。

Securitize's Groundbreaking EU Approval

Securitize 获得欧盟突破性批准

In November 2025, Spain’s National Securities Market Commission (CNMV) gave Securitize the green light to operate a fully regulated trading and settlement system for tokenized securities across the European Union. This landmark approval, granted under the EU’s DLT Pilot Regime, positions Securitize as the first company licensed to operate such infrastructure in both the US and the EU. Talk about a global powerhouse!

2025 年 11 月，西班牙国家证券市场委员会 (CNMV) 为 Securitize 开了绿灯，允许其在整个欧盟运营一个完全受监管的代币化证券交易和结算系统。这项具有里程碑意义的批准是在欧盟 DLT 试点制度下获得的，使 Securitize 成为第一家在美国和欧盟获得运营此类基础设施许可的公司。谈论全球强国！

But what does this actually mean? Simply put, Securitize can now offer a complete service for security tokens, from issuance to trading and settlement, all within a single transaction. This streamlined process, expected to launch with its first tokenized assets in early 2026, promises to revolutionize how securities are managed and traded.

但这实际上意味着什么？简而言之，Securitize 现在可以为证券型代币提供完整的服务，从发行到交易和结算，全部在一次交易中完成。这一简化流程预计将于 2026 年初推出首个代币化资产，有望彻底改变证券的管理和交易方式。

Why Avalanche? Speed and Compliance

为什么是雪崩？速度和合规性

Securitize is building its EU platform on the Avalanche blockchain. Why Avalanche? Speed is key for reducing settlement risk. Avalanche also offers permissioned subnets, customizable blockchain environments designed to meet regulatory compliance requirements. This provides the privacy financial institutions need while ensuring transparency on a public blockchain. It's a win-win!

Securitize 正在 Avalanche 区块链上构建其欧盟平台。为什么是雪崩？速度是降低结算风险的关键。 Avalanche 还提供许可子网、可定制的区块链环境，旨在满足监管合规性要求。这提供了金融机构所需的隐私，同时确保公共区块链的透明度。这是双赢的！

Avalanche's ecosystem is booming, with over $1 billion in real-world assets already tokenized on the network, including BlackRock’s BUIDL fund. The total value locked in BUIDL is over $2.05 billion. This shows the growing confidence in Avalanche as a platform for tokenizing real-world assets.

Avalanche 的生态系统正在蓬勃发展，超过 10 亿美元的现实世界资产已在网络上代币化，其中包括贝莱德的 BUIDL 基金。 BUIDL 锁定的总价值超过 20.5 亿美元。这表明人们对 Avalanche 作为现实世界资产代币化平台的信心不断增强。

Securitize's Expansion and Strategic Moves

Securitize 的扩张和战略举措

This EU approval isn't Securitize's first foray into Europe. Back in December 2024, they secured an Investment Firm license from the same Spanish regulator, later extended to Germany, France, and Italy. This earlier license allows them to execute orders and provide custody services. Now, with the CNMV approval, Securitize is operating at a higher level, akin to a stock exchange or clearinghouse.

欧盟的批准并不是 Securitize 首次进军欧洲。早在 2024 年 12 月，他们就从同一家西班牙监管机构获得了投资公司许可证，后来又扩展到德国、法国和意大利。这个早期的许可证允许他们执行订单并提供托管服务。现在，随着 CNMV 的批准，Securitize 正在更高的层面上运营，类似于证券交易所或清算所。

Adding to the excitement, Securitize announced a deal to become a publicly traded company through a merger with Cantor Equity Partners II, valuing the company at a cool $1.25 billion. With partnerships with major asset managers like Apollo, BlackRock, and KKR, Securitize is clearly playing in the big leagues.

更令人兴奋的是，Securitize 宣布通过与 Cantor Equity Partners II 合并成为一家上市公司，该公司的估值高达 12.5 亿美元。凭借与 Apollo、BlackRock 和 KKR 等主要资产管理公司的合作，Securitize 显然正在跻身大联盟。

Tokenization Beyond Securitize: A Growing Trend

超越证券化的代币化：日益增长的趋势

Securitize isn't alone in the tokenization game. Competitors like Germany’s Boerse Stuttgart and Switzerland’s Taurus are also developing similar settlement platforms. This shows that the tokenization trend is gaining momentum across Europe.

Securitize 并不是唯一参与代币化游戏的公司。德国的斯图加特证券交易所和瑞士的金牛座等竞争对手也在开发类似的结算平台。这表明代币化趋势正在整个欧洲蓬勃发展。

And the potential is huge! A Boston Consulting Group report estimates that the total value of tokenized assets could reach $18 trillion by 2033. That's not chump change!

而且潜力巨大！波士顿咨询集团的一份报告估计，到 2033 年，代币化资产的总价值可能达到 18 万亿美元。这可不是小钱！

The Plume Partnership: Institutional Assets on the Blockchain

Plume 合作伙伴关系：区块链上的机构资产

Securitize isn't just focused on Europe. They're also making waves in the US. Their partnership with Plume, a blockchain specializing in regulatory-compliant real-world assets, is a game-changer. This collaboration will deploy institutional assets on the Plume network, bridging traditional finance with decentralized innovation.

证券化不仅仅关注欧洲。他们也在美国掀起波澜。他们与专门从事符合监管的现实世界资产的区块链 Plume 的合作改变了游戏规则。此次合作将在 Plume 网络上部署机构资产，将传统金融与去中心化创新联系起来。

The initial deployment will feature funds from Hamilton Lane, with plans to expand across multiple issuers and asset classes through 2026. Solv Protocol's commitment of up to $100 million to Plume’s RWA vaults provides substantial financial backing. And with Bluprynt’s Know Your Issuer (KYI) verification, compliance is a top priority.

最初的部署将由 Hamilton Lane 提供资金，并计划到 2026 年扩展到多个发行机构和资产类别。Solv Protocol 承诺向 Plume 的 RWA 金库提供高达 1 亿美元的资金，提供了大量的财务支持。通过 Blupynt 的“了解您的发行人”(KYI) 验证，合规性成为重中之重。

Ondo Finance: Another Player in the Tokenized RWA Space

Ondo Finance：代币化 RWA 领域的另一个参与者

Ondo Finance is another company making strides in the tokenized real-world asset (RWA) space. They recently purchased $25 million of YLDS, a yield-bearing stablecoin issued by Figure Technology Solutions, to strengthen their OUSG product, which gives investors exposure to U.S. Treasuries.

Ondo Finance 是另一家在代币化现实世界资产 (RWA) 领域取得进展的公司。他们最近购买了价值 2500 万美元的 YLDS（一种由Figure Technology Solutions 发行的有收益的稳定币），以加强其 OUSG 产品，该产品为投资者提供了美国国债的投资机会。

Ondo has also expanded its tokenized asset offerings to the BNB Chain and received regulatory approval to bring its products to the European Union. While the ONDO token has faced some selling pressure, the company's strategic moves suggest a promising future in the tokenized RWA market.

Ondo 还将其代币化资产产品扩展到 BNB 链，并获得监管部门批准将其产品引入欧盟。虽然 ONDO 代币面临一些抛售压力，但该公司的战略举措表明代币化 RWA 市场前景光明。

Final Thoughts: Is Tokenization the Future?

最后的想法：代币化是未来吗？

With Securitize's EU approval, strategic partnerships, and the growing adoption of tokenization by other players like Ondo Finance, it's hard to ignore the potential of this technology. The combination of regulatory compliance, institutional backing, and blockchain efficiency creates a compelling case for mainstream adoption.

随着 Securitize 获得欧盟批准、战略合作伙伴关系以及 Ondo Finance 等其他参与者越来越多地采用代币化，很难忽视这项技术的潜力。监管合规性、机构支持和区块链效率的结合为主流采用创造了令人信服的案例。

While the journey may have its bumps, the direction is clear: tokenization is poised to transform the financial landscape. So, buckle up and get ready for the ride! Who knows, maybe one day we'll all be trading tokenized assets from our smartphones while sipping lattes in a Parisian café. The future is closer than you think!

尽管旅程可能会遇到坎坷，但方向是明确的：代币化有望改变金融格局。所以，系好安全带，准备好出发吧！谁知道呢，也许有一天我们都会在巴黎咖啡馆喝着拿铁咖啡时通过智能手机交易代币化资产。未来比你想象的更近！