美國公債代幣化規模突破 10 億美元

超過 10 億美元的美國國債已在以太坊、Polygon、Solana 和其他區塊鏈上進行代幣化。這一里程碑是由貝萊德最近推出的美元機構數位流動性基金推動的。與穩定幣殖利率相比，代幣化政府國債變得越來越有吸引力，特別是在高利率環境下。

Tokenization of US Treasuries Surges, Surpassing $1 Billion Milestone

美國公債代幣化激增，突破 10 億美元里程碑

On the heels of BlackRock's launch of the USD Institutional Digital Liquidity Fund (BUIDL), the tokenization of US Treasuries has surged, eclipsing the $1 billion mark across several major blockchains, including Ethereum, Polygon, and Solana.

貝萊德推出美元機構數位流動性基金(BUIDL) 後，美國國債的代幣化激增，包括以太坊、Polygon 和Solana 在內的幾個主要區塊鏈的代幣化規模突破了10 億美元大關。

This watershed moment underscores the growing embrace of blockchain technology for transforming real-world assets into digital tokens. BUIDL, BlackRock's Ethereum-based product, has emerged as a key driver of this trend, boasting a market capitalization of over $244.8 million.

這一分水嶺時刻凸顯了區塊鏈技術越來越多地接受將現實世界資產轉化為數位代幣的趨勢。貝萊德基於以太坊的產品 BUIDL 已成為這一趨勢的關鍵驅動力，其市值超過 2.448 億美元。

According to data from 21Shares' Dune Analytics dashboard, BUIDL now ranks second only to Franklin Templeton's Franklin OnChain US Government Money Fund (FOBXX), which has held $360.2 million in US Treasuries for the past 11 months. The dashboard further reveals the tokenization of $1.08 billion in US Treasuries across 17 products.

根據 21Shares 的 Dune Analytics 儀表板數據，BUIDL 目前排名第二，僅次於富蘭克林鄧普頓的富蘭克林 OnChain 美國政府貨幣基金 (FOBXX)，該基金在過去 11 個月持有 3.602 億美元的美國國債。該儀表板進一步揭示了 17 種產品中 10.8 億美元美國國債的代幣化。

Ondo Finance, a leading real-world asset tokenization firm, recently invested $95 million into BlackRock's BUIDL fund, facilitating instant settlements for its own US Treasury-backed token, OUSG. This strategic move gives Ondo a 38% stake in BUIDL.

Ondo Finance 是一家領先的現實世界資產代幣化公司，最近向貝萊德的 BUIDL 基金投資了 9,500 萬美元，促進其自己的美國財政部支持的代幣 OUSG 的即時結算。這項策略性舉措使 Ondo 獲得了 BUIDL 38% 的股份。

BUIDL's value is meticulously pegged 1:1 to the United States dollar, distributing accrued dividends to investors on a monthly basis. As highlighted by 21.co's Dune dashboard, tokenized government treasuries are gaining traction compared to stablecoin yields, especially in the current high-interest rate environment.

BUIDL 的價值與美元按照 1:1 的比例精心掛鉤，每月向投資者分配應計股息。正如 21.co 的 Dune 儀表板所強調的那樣，與穩定幣收益率相比，代幣化政府國債正在獲得越來越多的關注，尤其是在當前的高利率環境下。

The blockchain ecosystem is witnessing a surge in the tokenization of real-world assets, with US Treasuries serving as a gateway for investors seeking secure options to store cash and earn stable returns on-chain. This market has experienced remarkable growth over the past year, expanding from $100 million in early 2023 to its current scale.

區塊鏈生態系統正在見證現實世界資產代幣化的激增，美國國債成為投資者尋求安全選擇來儲存現金並在鏈上賺取穩定回報的門戶。該市場在過去一年中經歷了顯著增長，從 2023 年初的 1 億美元擴大到目前的規模。

Tokenization extends beyond US Treasuries to encompass assets such as stocks and real estate. BlackRock CEO Larry Fink envisions blockchain tokenization as a catalyst for enhancing capital market efficiency, projecting a potential $16 trillion market by 2030, as per estimates from Boston Consulting Group.

代幣化不僅限於美國國債，還包括股票和房地產等資產。貝萊德執行長拉里‧芬克(Larry Fink) 預計區塊鏈代幣化將成為提高資本市場效率的催化劑，根據波士頓顧問集團的估計，預計到2030 年，市場潛力將達到16 兆美元。

Ethereum has emerged as the leading blockchain for tokenizing real-world assets (RWA), accounting for $700 million of the total value tokenized on-chain. Franklin Templeton's FOBXX, tokenized on Stellar and Polygon, holds a market share of $358 million, followed by Polygon's $13 million.

以太坊已成為現實世界資產（RWA）代幣化的領先區塊鏈，佔鏈上代幣化總價值的 7 億美元。富蘭克林鄧普頓的 FOBXX 在 Stellar 和 Polygon 上代幣化，佔有 3.58 億美元的市場份額，其次是 Polygon 的 1300 萬美元。

Prominent asset management firms like WisdomTree and blockchain-native companies such as Ondo Finance, Backed Finance, Matrixdock, Maple Finance, and Swarm are actively engaged in RWA tokenization.

WisdomTree 等知名資產管理公司以及 Ondo Finance、Backed Finance、Matrixdock、Maple Finance 和 Swarm 等區塊鏈原生公司都在積極參與 RWA 代幣化。

This surge in tokenization underscores the potential of blockchain technology to transform traditional financial markets, bridging the gap between real-world assets and the burgeoning digital asset ecosystem. As tokenized treasuries and other RWAs continue to gain traction, the prospects for a more efficient and inclusive financial landscape appear increasingly promising.

代幣化的激增凸顯了區塊鏈技術改變傳統金融市場、彌合現實世界資產與新興數位資產生態系統之間差距的潛力。隨著代幣化國債和其他 RWA 繼續受到關注，更有效率、更包容的金融格局的前景似乎越來越光明。