騎士橋（Knightsbridge）領導RWA令牌化，為安全性和合規性設定了新標準

在Knightsbridge，我們在現實世界資產（RWAS）的令牌化中發揮了領導作用，改變了房地產，股票和商品等有形資產

At Knightsbridge, we’ve been taking a leading role in the tokenization of real-world assets (RWAs). This process, which transforms tangible assets like real estate, equities, and commodities into digital tokens on a blockchain, is opening up new opportunities for liquidity, fractional ownership, and global access to investments.

在Knightsbridge，我們一直在現實世界中的標記（RWAS）中發揮主導作用。這個過程將例如房地產，股票和商品等有形資產轉變為區塊鏈上的數字代幣，為流動性，分數所有權和全球投資訪問提供了新的機會。

However, the promise of tokenization also comes with a warning. As platforms like OM Mantra and MUTM Mutuum demonstrate, there are several critical considerations for ensuring the safety and superiority of RWA tokenization.

但是，令牌化的承諾也帶有警告。正如Om Mantra和Mutm Mutuum這樣的平台所證明的那樣，有幾個關鍵考慮因素確保RWA令牌化的安全性和優勢。

Here, I’d like to highlight some of the key issues and how Knightsbridge is setting new standards in this rapidly evolving space.

在這裡，我想強調一些關鍵問題，以及騎士橋如何在這個快速發展的空間中設定新標準。

A Cautionary Tale: OM Mantra and Decentralized Governance

警示性故事：OM咒語和分散治理

Layer 1 blockchain platform OM Mantra has been making waves with its unique approach to RWA tokenization, aiming to revolutionize how people invest, especially in the Middle East and Asia.

第1層區塊鏈平台OM咒語一直以其獨特的RWA令牌化方法引起轟動，旨在徹底改變人們的投資，尤其是在中東和亞洲的方式。

Having raised $11 million in a seed funding round led by Shorooq Partners earlier this year, the startup is focused on creating a regulatory-compliant infrastructure for tokenizing assets in a bid to generate liquidity and facilitate cross-border investments.

該初創公司籌集了由Shorooq合作夥伴領導的1100萬美元的種子資金回合，該初創公司致力於創建一個符合法規的基礎設施，以實現引起流動性並促進跨境投資的基礎設施。

While the initiative boasts good intentions and a promising vision, it's essential to acknowledge the potential pitfalls of such decentralized models, especially when applied to institutional-grade asset classes.

儘管該計劃具有良好的意圖和有前途的願景，但必須承認這種分散模型的潛在陷阱，尤其是在應用機構資產類別時。

Without being critical of OM Mantra’s model, which is new and innovative, there are several issues that such an approach may face. For instance, a decentralized governance system, which relies heavily on the participation of token holders to make critical decisions for the platform, can be susceptible to mismanagement if not implemented with the strictest oversight.

不批評OM Mantra的模型，這是新穎而創新的，因此可能會面臨幾個問題。例如，一個分散的治理體系在很大程度上依賴於代幣持有人的參與來為平台做出關鍵決定，如果不以最嚴格的監督實施，則可能會因管理不善而受到影響。

In the case of OM Mantra, the governance token, known as the OM token, is used for staking and voting on proposals that affect the platform’s future. However, without sufficient safeguards, this system could lead to scenarios where the majority of token holders vote in favor of short-term gains or personal interests over the long-term sustainability of the platform.

就OM口頭禪而言，治理令牌（稱為OM令牌）用於對影響該平台未來的建議進行投票和投票。但是，如果沒有足夠的保障措施，該系統可能會導致大多數代幣持有人投票支持短期收益或個人利益，而不是該平台的長期可持續性。

At Knightsbridge, we’re designing our custodian and issuer rules to make an OM Mantra-like situation impossible. Our framework is designed to be fundamentally different, placing priority on centralized oversight by qualified custodians and trustees.

在Knightsbridge，我們正在設計我們的保管人和發行人規則，以使類似OM的咒語狀況不可能。我們的框架的目的是從根本上不同，因此優先考慮合格的保管人和受託人的集中監督。

This is a critical aspect of ensuring that the physical assets backing our tokens are at all times securely stored, managed, and can be readily accessed.

這是確保支持我們令牌的物理資產始終牢固地存儲，管理和可以輕鬆訪問的關鍵方面。

We work exclusively with licensed custodians who are subject to rigorous regulatory standards, a stark contrast to OM Mantra’s decentralized approach. This ensures that the assets—be it a piece of commercial real estate in Knightsbridge, London, or a rare work of art—are immobilized and protected before their digital counterparts, or tokens, are created on the blockchain.

我們專門與受持有的監護人合作，這些保管人受到嚴格的監管標準，與Om Mantra的分散方法形成鮮明對比。這樣可以確保資產（倫敦騎士橋的一塊商業房地產或罕見的藝術作品）在其數字同行（或代幣）之前被固定和保護。

Our issuers are also held to the highest standards of compliance, which includes mandatory KYC/AML checks for all investors, and we maintain complete control over the token issuance process to prevent any unauthorized access or manipulation.

我們的發行人還具有最高的合規性標準，其中包括所有投資者的強制性KYC/AML支票，並且我們保持對令牌發行過程的完全控制，以防止任何未經授權的訪問或操縱。

By centralizing these critical functions, we eliminate the inherent risks associated with decentralized governance, deeming it unsuitable for the institutional-grade products that we deliver to our clients.

通過集中這些關鍵功能，我們消除了與分散治理相關的固有風險，認為它不適合我們交付給客戶的機構級產品。

Superiority Over MUTM Mutuum’s Asset Assessment Process

優於mutm mutuum的資產評估過程

Decentralized lending protocol MUTM Mutuum has recently hit the headlines with the presale of its governance token, MUTM.

分散的貸款方案mutm mutuum最近以其治理令牌的預售，mutm。

The token, which is being sold at $0.01 for the presale and will launch at $0.06, is designed to provide liquidity for institutional-grade assets, and early investors who participate in the presale stand to reap significant gains.

該代幣的售價為0.01美元，旨在以0.06美元的價格上市，旨在為機構級資產提供流動性，以及參與預售立場的早期投資者，以獲得可觀的收益。

Those who purchase the token in the presale will also be granted the status of "founders" of the Mutuum ecosystem, and they will be able to vote on crucial proposals that will shape the platform's future.

那些在預售中購買令牌的人也將獲得Mutuum生態系統的“創始人”的地位，他們將能夠就可以塑造平台未來的關鍵建議投票。

The protocol, which is powered by the Solana blockchain, aims to create a decentralized ecosystem for lending, borrowing, and asset management services. It is designed to be accessible to a global community of users, who will be able to participate in the DeFi revolution.

該協議由Solana區塊鏈提供動力，旨在創建一個分散的生態系統，用於貸款，借貸和資產管理服務。它旨在為全球用戶社區訪問，他們將能夠參加Defi Revolution。

However, despite its promising vision and innovative technology, MUTM faces several critical challenges that could hinder its long-term success.

然而，儘管具有有希望的願景和創新技術，但MUTM面臨著一些關鍵的挑戰，可能會阻礙其長期成功。

The protocol is heavily reliant on smart contracts for the execution of all transactions and the tokenization of assets. While smart contracts are a fundamental component of blockchain technology and offer advantages in terms of efficiency and transparency, they are also susceptible to vulnerabilities if not coded and maintained impeccability.

該協議在很大程度上依賴於智能合約來執行所有交易和資產的令牌化。儘管智能合約是區塊鏈技術的基本組成部分，並且在效率和透明度方面提供了優勢，但如果不編碼和保持無可挑剔的性能，它們也容易受到漏洞的影響。

In the cryptocurrency industry, we have witnessed numerous instances of hackers exploiting flaws in smart contracts to steal vast sums of digital assets from decentralized protocols. These exploits have had devastating consequences for investors and have undermined trust in the crypto ecosystem.

在加密貨幣行業中，我們目睹了許多黑客在智能合同中利用缺陷的情況，以從分散協議中竊取大量數字資產。這些漏洞對投資者產生了毀滅性的後果，並破壞了對加密生態系統的信任。

Moreover, in the context of RWA tokenization, any errors or malicious activity within the smart contracts used by MUTM could directly impact the underlying assets being tokenized. This could lead to the loss or misallocation of funds, ultimately jeopardizing the investments entrusted to the protocol.

此外，在RWA令牌化的背景下，MUTM使用的智能合約中的任何錯誤或惡意活動都可能直接影響被標記化的基礎資產。這可能導致資金的損失或分配，最終危及託付給協議的投資。