TradFi 機構將公共區塊鏈視為資產代幣化的新領域

在 BlackRock 在以太坊上的 1 億美元代幣化基金等領先者的推動下，傳統金融機構 (TradFi) 越來越多地在公共區塊鏈上對其資產進行代幣化。儘管存在潛在的法律挑戰，但這種從私有區塊鏈到公共區塊鏈的轉變源於以太坊等公鏈的影響力及其提供的機會日益增長。

Traditional Financial Institutions Embrace Public Blockchains for Asset Tokenization

傳統金融機構擁抱公共區塊鏈進行資產通證化

The traditional financial landscape is undergoing a profound transformation as leading institutions shift their focus towards public blockchains for asset tokenization. This strategic shift, driven by giants like BlackRock, marks a departure from the previous preference for private blockchains and heralds a new era in the financial sector's adoption of blockchain technology.

隨著領先機構將重點轉向資產代幣化的公共區塊鏈，傳統金融格局正經歷深刻變化。這項由貝萊德等巨頭推動的策略轉變，標誌著與先前對私有區塊鏈的偏好的背離，預示著金融領域採用區塊鏈技術的新時代。

Genesis of the Shift: BlackRock's Game-Changing Move

轉變的起源：貝萊德改變遊戲規則的舉措

Celisa Morin, a former Vice President at Grayscale and now the head of crypto at Reed Smith, attributes this shift to the resounding success of BlackRock's $100 million tokenized 'BUIDL' fund on the Ethereum network. Morin asserts that this bold initiative has paved the way for other TradFi (traditional financial institutions) to rethink their approach to asset tokenization.

Grayscale 前副總裁、現任 Reed Smith 加密業務主管 Celisa Morin 將這一轉變歸因於 BlackRock 在以太坊網路上 1 億美元的代幣化「BUIDL」基金取得的巨大成功。 Morin 聲稱，這項大膽的舉措為其他 TradFi（傳統金融機構）重新考慮其資產代幣化方法鋪平了道路。

Public Blockchains Gain Momentum

公共區塊鏈獲得動力

Traditionally, private blockchains such as JPMorgan's Onyx were the preferred choice for asset tokenization. However, the tide has turned in favor of public blockchains, exemplified by BlackRock's 'BUIDL' fund. Morin emphasizes this shift, stating, "I think we prefer private chains with JPMorgan's Onyx. But I do think that this was the narrative a few years back. Now, I think it's very much the public blockchains."

傳統上，摩根大通的 Onyx 等私有區塊鏈是資產代幣化的首選。然而，潮流已經轉向有利於公共區塊鏈，貝萊德的「BUIDL」基金就是一個例子。 Morin 強調了這一轉變，他表示：「我認為我們更喜歡摩根大通Onyx 等私有鏈。但我確實認為這是幾年前的說法。現在，我認為這很大程度上是公共區塊鏈。 」

BlackRock's Embrace of Ethereum

貝萊德擁抱以太坊

BlackRock's decision to leverage the Ethereum network for its tokenized fund has sparked both controversy and admiration. Despite the spoofing attempts on its on-chain wallet, the move has served as a catalyst for other TradFi institutions to reconsider their approach to asset tokenization. As Morin astutely observes, "If BlackRock has made these choices, I don't know why the rest of the crew would be held back."

貝萊德決定利用以太坊網路來開發其代幣化基金，這引發了爭議和欽佩。儘管其鏈上錢包遭到了欺騙，但此舉已成為其他 TradFi 機構重新考慮其資產代幣化方法的催化劑。正如莫林敏銳地觀察到的那樣，“如果貝萊德做出了這些選擇，我不知道為什麼其他員工會受到阻礙。”

Franklin Templeton Follows Suit

富蘭克林鄧普頓緊隨其後

Echoing this sentiment, Franklin Templeton, another financial titan, has already launched its tokenized money market fund on Polygon, an Ethereum layer-2 network. The Franklin OnChain U.S. Government Money Fund (FOBXX) holds $360.2 million in U.S. Treasurys and represents one of 17 products that have collectively tokenized $1.08 billion in U.S. Treasurys.

與這種觀點相呼應的是，另一家金融巨頭富蘭克林鄧普頓 (Franklin Templeton) 已經在以太坊第 2 層網路 Polygon 上推出了代幣化貨幣市場基金。 Franklin OnChain 美國政府貨幣基金 (FOBXX) 持有 3.602 億美元的美國國債，是總共 10.8 億美元美國國債代幣化的 17 種產品之一。

Navigating Challenges and Seizing Opportunities

應對挑戰並抓住機遇

Transitioning to public blockchains presents TradFi firms with both challenges and opportunities. Morin highlights potential legal complexities associated with tokenizing assets on public blockchains, which may lack the robust KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols found on private networks.

過渡到公共區塊鏈給 TradFi 公司帶來了挑戰和機會。 Morin 強調了與公共區塊鏈上的資產代幣化相關的潛在法律複雜性，這可能缺乏私人網路上強大的 KYC（了解你的客戶）和 AML（反洗錢）協議。

Despite these challenges, Morin believes that the allure of the public blockchain space, particularly Ethereum, will entice many firms to follow BlackRock's lead. However, regulatory compliance must remain a top priority as TradFi firms navigate this evolving landscape.

儘管有這些挑戰，莫林相信公共區塊鏈領域（尤其是以太坊）的吸引力將吸引許多公司追隨貝萊德的腳步。然而，隨著 TradFi 公司應對這一不斷變化的形勢，監管合規仍然是重中之重。

Redefining the Financial Landscape: The Digital Transformation

重新定義金融格局：數位轉型

The shift towards public blockchains by traditional financial institutions represents a watershed moment in the financial sector. Influential players like BlackRock and Franklin Templeton are spearheading this transformation, which is poised to reshape the way banks and other institutions view and utilize blockchain technology.

傳統金融機構向公共區塊鏈的轉變是金融領域的分水嶺。貝萊德（BlackRock）和富蘭克林鄧普頓（Franklin Templeton）等有影響力的公司正在帶頭進行這一轉型，這將重塑銀行和其他機構看待和利用區塊鏈技術的方式。

Public blockchains offer distinct advantages over private alternatives, including increased accessibility, efficiency, and transparency. As more TradFi firms adopt public blockchains, the financial industry will continue to evolve, embracing the decentralized and digital future.

與私有區塊鏈相比，公共區塊鏈具有明顯的優勢，包括提高可近性、效率和透明度。隨著越來越多的 TradFi 公司採用公共區塊鏈，金融業將繼續發展，擁抱去中心化和數位化的未來。