RWA 代幣化：過度炒作還是突破性革命？

在 Cointelegraph 的 Hashing It Out 播客的最新一集中，主持人 Elisha Owusu Akyaw 與 Mantra Chain 首席執行官 John Mullin 進行了交流。他們深入研究了圍繞現實世界資產（RWA）代幣化的炒作、其對投資者的真正潛力以及其面臨的複雜監管環境。 Mullin 深入研究了 RWA 代幣化的基本機制及其在擴大 Web3 採用和機構參與方面的重要性。他警告不要對所有資產進行不加區別的代幣化，強調需要遵守法律並以代幣形式反映現實世界的權利。 Mullin 預測，從長遠來看，代幣化將擴展到全世界，並因其與鏈上投資策略的兼容性而吸引機構投資者。

Real-World Asset Tokenization: Hype or Game-Changer?

現實世界的資產代幣化：炒作還是遊戲規則改變者？

In a captivating episode of Cointelegraph's Hashing It Out podcast, host Elisha Owusu Akyaw delves into the multifaceted world of real-world asset (RWA) tokenization with John Mullin, the visionary CEO of Mantra Chain. Mullin meticulously unpacks the hype surrounding this groundbreaking technology, unflinchingly exploring its transformative potential for investors and unraveling the intricate challenges it faces.

在 Cointelegraph 的 Hashing It Out 播客的一集中，主持人 Elisha Owusu Akyaw 與 Mantra Chain 富有遠見的首席執行官 John Mullin 一起深入探討了現實世界資產 (RWA) 代幣化的多方面世界。 Mullin 精心解讀了圍繞這項突破性技術的炒作，堅定不移地探索其為投資者帶來的變革潛力，並揭示其面臨的複雜挑戰。

Tokenization, the digital transformation of physical assets into blockchain-based tokens, has garnered significant attention within the blockchain community. Mullin astutely observes that this fascination is not entirely novel, drawing parallels to the fervor surrounding Security Token Offerings (STOs) during the 2018-2019 market cycle. However, he astutely highlights that RWA tokenization is gaining traction due to a surge in institutional interest and a growing number of projects finding innovative ways to circumvent the regulatory hurdles that previously hindered the STO sector.

代幣化，即實體資產向基於區塊鏈的代幣的數位化轉換，已在區塊鏈社群中引起了廣泛關注。 Mullin 敏銳地觀察到，這種迷戀並不完全新穎，與 2018-2019 年市場週期期間圍繞證券型代幣發行 (STO) 的熱情有相似之處。然而，他敏銳地強調，由於機構興趣激增，以及越來越多的專案尋找創新方法來規避先前阻礙 STO 行業的監管障礙，RWA 代幣化正在獲得關注。

Mullin, with his characteristic nuance, refrains from endorsing the indiscriminate tokenization of all assets. He emphasizes that while anything can be tokenized, the question of whether the token conveys real-world rights remains paramount. To create a truly fungible token, projects must meticulously integrate technology and token creation with real-world ownership, corporate actions, and legal status. This allows projects to mirror the transferable rights of the physical asset in digital form.

穆林以其特有的細微差別，避免支持所有資產的不加區別的代幣化。他強調，雖然任何東西都可以被代幣化，但代幣是否傳達現實世界的權利的問題仍然是最重要的。為了創建真正可替代的代幣，專案必須將技術和代幣創建與現實世界的所有權、公司行為和法律地位精心結合。這使得專案能夠以數位形式反映實體資產的可轉讓權利。

However, Mullin expeditiously acknowledges the complexities inherent in this endeavor. Each asset class is subject to unique real-world rules and regulations, which vary across jurisdictions. Projects must meticulously consider these nuances depending on their geographic location, adding a layer of complexity to an industry that is both challenging and ripe with potential.

然而，穆林很快就承認這項努力固有的複雜性。每個資產類別都受到獨特的現實世界規則和法規的約束，這些規則和法規因司法管轄區而異。專案必須根據其地理位置仔細考慮這些細微差別，這給一個既充滿挑戰又充滿潛力的行業增加了一層複雜性。

With unwavering conviction, Mullin proclaims, "In the long run, I believe everything will be tokenized. The entire world will be on-chain." He envisions a future where tokenization serves as a catalyst for increased institutional participation in Web3. By offering a familiar and less volatile investment vehicle, RWA tokenization allows institutions to engage with the on-chain ecosystem without exposing themselves to the risks associated with decentralized finance assets.

穆林堅定地宣稱：“從長遠來看，我相信一切都會被代幣化。整個世界都將上鍊。”他設想未來代幣化將成為增加機構參與 Web3 的催化劑。透過提供熟悉且波動性較小的投資工具，RWA 代幣化允許機構參與鏈上生態系統，而無需面臨與去中心化金融資產相關的風險。

For an in-depth exploration of this transformative technology, tune in to the complete episode of Hashing It Out on Spotify, Apple Podcasts, or TuneIn. Embark on a journey into the future of finance and explore the unparalleled potential of real-world asset tokenization.

要深入探索這項變革性技術，請在 Spotify、Apple Podcasts 或 TuneIn 上收聽 Hashing It Out 的完整劇集。踏上金融未來之旅，探索現實世界資產代幣化的無與倫比的潛力。