以此為核心，令牌化將傳統資產轉化為數字代幣

本文不包含投資建議或建議。每個投資和貿易舉動都涉及風險，讀者應進行自己的研究

At its core, tokenization transforms traditional assets into digital tokens that can be traded on a blockchain. Whether it be real estate, debt, bonds or shares of a company, tokenization brings efficiency and transparency to these processes. It also broadens retail investors’ access to these asset classes. A new research report by Brikken surveys the underlying business models and provides an in-depth analysis of why many TradFi firms are jumping on the tokenization trend.

以此為核心，令牌化將傳統資產轉變為可以在區塊鏈上進行交易的數字代幣。無論是房地產，債務，債券還是公司的股份，令牌化都會為這些流程帶來效率和透明度。它還擴大了零售投資者對這些資產類別的訪問。布里肯（Brikken）的一份新研究報告調查了基本的業務模型，並對許多貿易愛好公司為何躍升令牌趨勢進行了深入分析。

The anatomy of tokenized asset issuance

令牌資產發行的解剖結構

The journey begins with deal structuring, where the asset, be it a property, a bond or a private equity fund, is identified and legally organized. Often, the asset is held by a so-called Special Purpose Vehicle (SPV), a dedicated legal entity designed to protect investor rights.

旅程始於交易結構，其中資產，無論是財產，債券還是私募股權基金，都被確定並在法律上組織起來。通常，資產由所謂的專用工具（SPV）持有，該工具是一個專門的法律實體，旨在保護投資者權利。

Once the groundwork is laid, the asset enters the digitization phase and is recorded onchain. After being minted, smart contracts can automate processes such as compliance checks, dividend payments and shareholder voting. This automation slashes administrative costs and eliminates inefficiencies, making the system faster and more reliable.

一旦奠定了基礎，資產將進入數字化階段並記錄在鏈上。被鑄造後，智能合約可以自動化流程，例如合規支票，股息支付和股東投票。這種自動化削減了行政成本並消除了低效率，使系統更快，更可靠。

During primary distribution, tokens are issued to investors in exchange for capital. This is akin to the digital version of an initial public offering (IPO). Investors complete Know Your Customer checks, receive tokens representing fractional ownership and gain instant access to a secure, transparent, blockchain-based record of their investment.

在初級分銷期間，將令牌發放給投資者以換取資本。這類似於首次公開產品（IPO）的數字版本。投資者完整了解您的客戶支票，接收代表部分所有權的代幣，並立即訪問其投資的安全，透明，基於區塊鏈的記錄。

After the initial issuance, the tokens are managed through post-tokenization activities. The distribution of dividends, shareholder votes and ownership changes are all automated via smart contracts. Secondary trading platforms can provide additional, liquid off-ramps for investors looking to cash out. Instead of waiting months or even years to sell traditional assets, tokenized assets can be traded with the click of a button.

初始發行後，代幣通過後言行進行管理。股息，股東投票和所有權變更的分配都是通過智能合約自動化的。二級交易平台可以為希望兌現的投資者提供額外的液體外坡道。可以通過單擊按鈕進行交易，而不是等待幾個月甚至數年才能出售傳統資產。

Revolutionizing asset classes through tokenization

通過令牌化革命資產類別

Tokenization isn’t limited to a single type of asset. From real estate to debt instruments and even carbon credits, its potential applications are nearly endless.

令牌化不僅限於一種類型的資產。從房地產到債務工具，甚至碳信用額，其潛在應用幾乎是無限的。

Debt tokenization is a game-changer in the traditional capital markets. By representing bonds or loans as digital tokens, issuers simplify trading and bring much-needed liquidity to these traditionally static assets. Notable examples include the European Investment Bank issuing a 100 million euro digital bond on the Ethereum blockchain in 2024, a clear sign of how tokenization is modernizing financial instruments.

債務令牌化是傳統資本市場上的改變遊戲規則。通過代表債券或貸款作為數字代幣，發行人簡化了交易，並為這些傳統的靜態資產帶來了急需的流動性。值得注意的例子包括歐洲投資銀行在2024年發行1億歐元數字債券，這是如何實現金融工具的明顯跡象。

The world of fund management is also beginning to see a seismic shift. Tokenized funds such as Franklin Templeton’s OnChain US Government Money Fund are using blockchain technology to process transactions and manage share ownership.

基金管理的世界也開始看到地震轉變。富蘭克林·鄧普頓（Franklin Templeton）的OnChain US政府資金基金等令牌資金正在使用區塊鏈技術來處理交易並管理股份所有權。

According to Security Token Market, over $50 billion worth of assets across all asset classes were tokenized by the end of 2024, with $30 billion coming from real estate. As more institutions embrace blockchain technology, these figures are expected to skyrocket in 2025.

根據安全令牌市場的數據，到2024年底，所有資產類別的價值超過500億美元的資產都已被標記，其中300億美元來自房地產。隨著越來越多的機構採用區塊鏈技術，這些數字有望在2025年飆升。

Looking ahead for tokenization adoption

尋求象徵化的採用

Tokenization is no longer a theoretical concept, a non-profitable sector or a niche market. It’s been tested, fine-tuned and is poised to reshape the financial landscape. With streamlined processes, enhanced liquidity and broader access, this technology is unlocking opportunities that were once out of reach.

令牌化不再是理論概念，一個非營利性的部門或利基市場。它已經經過測試，經過微調，並有望重塑金融景觀。隨著流程的流程，增強的流動性和更廣泛的訪問，這項技術正在釋放曾經遙不可及的機會。

As 2025 continues, we can expect even greater adoption across asset classes, deeper integration with DeFi platforms and more innovation in tokenized markets. For both traditional and institutional investors, the future of tokenization looks promising.

隨著2025年的繼續，我們可以期望在資產類別中採用更多的採用，與Defi平台的更深入集成以及在代幣化市場中的創新。對於傳統和機構投資者來說，令牌化的未來看起來很有希望。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文是出於一般信息目的，不打算被視為法律或投資建議。這裡表達的觀點，思想和觀點是作者獨自一人，不一定反映或代表Cointelegraph的觀點和觀點。

Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.

Cointelegraph不認可本文的內容或此處提到的任何產品。讀者應在採取與任何產品或公司有關的任何行動之前進行自己的研究，並對他們的決策承擔全部責任。