現實世界資產（RWAS）的象徵化正在加速全球金融的基本轉變

這兩家公司的報告稱，由尋求屈服的Stablecoin持有人和機構收養的驅動，令牌化的美國國債同比飆升了415％。

As the tokenization of real-world assets (RWAs) accelerates a fundamental shift in global finance, blockchain-based U.S. Treasuries, equities, commodities, and private credit are poised for exponential growth this year, according to a report by market maker Keyrock and tokenization platform Centrifuge.

根據做市商KeyRock和Sokenization Platform Centrifuge的一份報告，隨著現實世界資產（RWAS）的加速加速了全球金融的根本轉變，基於區塊鏈的美國國債，股票，商品和私人信貸已準備成指數增長。

Keyrock and Centrifuge Analysis: Tokenized RWAs Could Capture 10% of Stablecoin Market by Year’s End

KEYROCK和離心分析：標記的RWA可以在年底前捕獲Stablecoin市場的10％

Tokenized U.S. Treasuries have surged 415% year-over-year, driven by yield-seeking stablecoin holders and institutional adoption, the two firms report. Keyrock and Centrifuge project that this sector could reach $28 billion if tokenized products capture 10% of the $210 billion stablecoin market. “We expect tokenized Treasuries to evolve from a niche innovation into a core infrastructure component of global digital finance,” the report notes.

這兩家公司的報告稱，由尋求屈服的Stablecoin持有人和機構收養的驅動，令牌化的美國國債同比飆升了415％。 KeyRock和離心機項目，如果象徵性產品捕獲了2100億美元的Stablecoin市場的10％，則該行業將達到280億美元。報告指出：“我們期望令牌化的國庫從利基創新發展為全球數字融資的核心基礎設施組成部分。”

The analysis explains that tokenized equities lag at $15 million TVL but face a pivotal 2025 as regulatory clarity expands. Backed Finance and Ondo Global Markets now enable permissionless access to tokenized S&P 500 exchange-traded funds (ETFs) and corporate shares.

分析解釋說，令牌股票滯後於1500萬美元，但隨著法規清晰度的擴大，面對2025年關鍵的2025年。現在，支持的金融和Ondo全球市場可以使無權訪問標準的標準普爾500交易所交易資金（ETFS）和公司股票。

“The democratization of sophisticated financial tools through non-KYC, permissionless protocols promises to unlock trillions in untapped market potential from previously underserved regions and populations,” the Keyrock and Centrifuge study details.

“通過非KYC，複雜的金融工具的民主化，無許可的協議有望從以前服務不足的地區和人口中解放出未開發的市場潛力數万億，” KeyRock和離心機研究細節。

The report highlights that commodities like gold struggle with liquidity gaps despite $1.2 billion in tokenized supply, though synthetic platforms like Ostium Labs aim to capture speculative demand. Private credit leads with $12.2 billion TVL, as Centrifuge’s institutional pools slash securitization costs by 97%.

該報告強調，儘管諸如Ostium Labs之類的合成平台旨在捕獲投機需求，但儘管有12億美元的供應，例如黃金等商品與流動性差距鬥爭。私人信貸以122億美元的tvl領先，因為離心機的機構池削減證券化成本為97％。

Regulatory hurdles persist, particularly for equities, but Keyrock and Centrifuge note that bipartisan U.S. legislation and European frameworks like MiCA are easing pathways. The report forecasts that total tokenized RWA assets could hit $50 billion in a 2025 bull case, fueled by institutional uptake and significant decentralized finance (DeFi) integration.

監管障礙持續存在，特別是對於股票而言，但鑰匙石和離心機指出，美國兩黨的立法和像雲母這樣的歐洲框架正在放鬆途徑。該報告預測，在2025年的公牛案件中，總體上的RWA資產可能會達到500億美元，這是由於機構的吸收和大量分散融資（DEFI）整合所推動的。

“This movement envisions restructuring global finance by democratizing access, increasing efficiency, and enhancing transparency across asset classes,” the tokenized RWA analysis explains. “Instead of slow settlement pipelines, markets could operate on blockchain rails with near-real-time settlement and verifiable ownership records, reducing counterparty risks and back-office friction.”

“該運動通過使訪問權限，提高效率和提高資產類別的透明度來設想重組全球財務，”標記RWA分析解釋說。 “市場可以在近實時的定居點和可驗證的所有權記錄，降低交易對手風險和後台摩擦的區塊鏈鐵軌上運作，而不是緩慢的解決方案。”

With tokenized Treasuries modernizing settlements and private credit democratizing access, Keyrock and Centrifuge position 2.5 as the inflection point for blockchain’s $30B–$50B breakthrough.

隨著代幣化的國債現代化定居點和私人信貸將訪問民主化，鑰匙石和離心位置2.5作為區塊鏈$ 30B- $ 50B突破的拐點。