2025 年最終會成為機構擁抱區塊鏈技術的一年嗎？

區塊鏈技術和加密貨幣已經存在十多年了，但直到去年該行業才出現了機構興趣的湧入

Institutions are slowly embracing onchain technology, with some even tokenizing real-world assets (RWAs) like U.S. Treasury funds and church chapels. But what exactly is driving this institutional interest in onchain tech? And what can we expect next in 2025?

機構正在慢慢接受鏈上技術，有些機構甚至將美國財政部基金和教堂等現實世界資產（RWA）代幣化。但到底是什麼推動了機構對鏈上技術的興趣呢？ 2025 年我們接下來可以期待什麼？

KEY POINTS

重點

Blockchain technology and cryptocurrency have been around for more than a decade, but it was only last year when the industry saw an influx of institutional interest, fueled by the approval of spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded traded funds (ETFs).

區塊鏈技術和加密貨幣已經存在十多年了，但直到去年，在現貨比特幣（BTC）和以太坊（ETH）交易所交易基金獲得批准的推動下，該行業才出現了機構興趣的湧現入。

As more users lean toward onchain solutions, traditional financial firms are apparently tuning in, observing trends, and becoming more forward-looking in their outlooks of the blockchain sector.

隨著越來越多的用戶傾向於鏈上解決方案，傳統金融公司顯然正在關注、觀察趨勢，並對區塊鏈產業的前景變得更具前瞻性。

Some regulatory clarity, especially around cryptocurrencies such as Bitcoin, Ethereum, and XRP, helped improve the views of traditional financial firms, but the gap in regulatory clarity has yet to be filled. Will 2025 finally see the gap bridged to attract more institutions onchain?

一些監管明確性，特別是圍繞比特幣、以太坊和 XRP 等加密貨幣的監管明確性，有助於改善傳統金融公司的看法，但監管明確性方面的差距尚未填補。 2025 年，這一差距最終能否彌合，以吸引更多機構上鍊？

Institutions are slowly embracing onchain technology, with some even tokenizing real-world assets (RWAs) like U.S. Treasury funds and church chapels. But what exactly is driving this institutional interest in onchain tech? And what can we expect next in 2025?

機構正在慢慢接受鏈上技術，有些機構甚至將美國財政部基金和教堂等現實世界資產（RWA）代幣化。但到底是什麼推動了機構對鏈上技術的興趣呢？ 2025 年我們接下來可以期待什麼？

Institutions slowly embracing onchain tech

機構慢慢擁抱鏈上技術

More regulatory clarity in some aspects of blockchain technology and the first-mover brave steps some traditional firms took truly helped increase the hype among institutions.

區塊鏈技術某些方面的監管更加明確，以及一些傳統公司採取的先驅勇敢舉措，確實有助於增加機構之間的炒作。

Real-world asset (RWA) tokenization also contributed significantly. For instance, the assets under management (AUM) of onchain U.S. Treasury funds tripled in 2024 to reach $2.48 billion.

現實世界資產（RWA）代幣化也做出了重大貢獻。例如，美國鏈上國債基金的管理資產（AUM）在 2024 年增加了兩倍，達到 24.8 億美元。

In a more unconventional take, a Colorado church network tokenized its main chapel as part of the fundraising efforts to purchase the physical building that costs $2.5 million. The development was dubbed as the beginning of the age of decentralized faith.

科羅拉多州的一個教會網絡以一種更非傳統的方式將其主教堂代幣化，作為購買耗資 250 萬美元的實體建築籌款活動的一部分。這項發展被稱為分散信仰時代的開始。

Aside from RWA tokenization, there’s also the rise in blockchain-based innovations, Brett Tejpaul, the head of Coinbase Institutional, told International Business Times.

Coinbase 機構負責人 Brett Tejpaul 告訴《國際商業時報》，除了 RWA 代幣化之外，基於區塊鏈的創新也在崛起。

Such innovations include the rise of Layer 2 solutions that helped blockchain shine even more. Some of the key players in 2024’s Layer 2 rise were Arbitrum and Polygon.

此類創新包括 Layer 2 解決方案的興起，這些解決方案幫助區塊鏈更加閃耀。 2024 年 Layer 2 崛起的一些關鍵參與者是 Arbitrum 和 Polygon。

However, institutions have yet to dive deep into the vast world of blockchain. "Institutions are still navigating operational complexities, such as secure asset management, workflow integration, and compliance requirements," Tejpaul explained.

然而，機構尚未深入探索區塊鏈的廣闊世界。 「各機構仍在應對營運複雜性，例如安全資產管理、工作流程整合和合規性要求，」Tejpaul 解釋道。

"Solutions like Coinbase's Prime Onchain Wallet are addressing these needs by simplifying onchain interactions with features like customizable policy engines, dynamic fees, and API-based automation," he added.

他補充說：“像 Coinbase 的 Prime Onchain Wallet 這樣的解決方案正在通過可定制的策略引擎、動態費用和基於 API 的自動化等功能簡化鏈上交互來滿足這些需求。”

There’s much institutions need to learn and explore about onchain technology, but based on last year’s developments, it can be safe to say they have made significant progress.

鏈上技術還有很多機構需要學習和探索，但根據去年的發展，可以肯定地說他們已經取得了重大進展。

What’s next for institutional onchain adoption in 2025?

2025 年機構鏈上採用的下一步是什麼？

For Tejpaul, "broader institutional participation hinges on delivering trusted, easy-to-use infrastructure."

對於 Tejpaul 來說，“更廣泛的機構參與取決於提供值得信賴、易於使用的基礎設施。”

Blockchain can be complex for traditional firms, and the complexities have affected the speed with which institutions are adopting onchain solutions. By 2025, onchain providers will have realized that intuitive interfaces will only attract more institutions.

對於傳統公司來說，區塊鏈可能很複雜，而這種複雜性影響了機構採用鏈上解決方案的速度。到 2025 年，鏈上提供者將意識到直覺的介面只會吸引更多的機構。

Tejpaul also revealed that Coinbase Institutional expects "more institutions to explore automated access to blockchain through advanced tools, further normalizing onchain operations in 2025." Such tools may include offerings around trading, custody, and onchain participation.

Tejpaul 還透露，Coinbase 機構預計“更多機構將探索透過先進工具自動存取區塊鏈，從而在 2025 年進一步規範鏈上操作。”此類工具可能包括圍繞交易、託管和鏈上參與的產品。

In the early days of blockchain technology, it would have been unthinkable for institutions to jump into the "niche" segment, but more than a decade since Bitcoin was first introduced to the world, blockchain is now recognized as an innovation with the power to reshape the future of finance.

在區塊鏈技術的早期，機構跳入「利基」領域是不可想像的，但自從比特幣首次引入世界十多年來，區塊鏈現在被認為是一種具有重塑力量的創新金融的未來。