10 亿美元的代币化美国国债：区块链赋能资产管理的门户

价值超过 10 亿美元的美国国债现已在各种区块链上进行数字化，贝莱德的代币化资产基金 BUIDL 加入了政府证券领域的 16 个类似基金。 BUIDL 的市值为 2.448 亿美元，吸引了 Ondo Finance 的大量存款，巩固了其作为第二大代币化政府证券基金的地位，仅次于富兰克林邓普顿的 FOBXX。这一里程碑凸显了在区块链技术的推动下，随着越来越多的现实世界资产在以太坊、Polygon 和 Solana 等平台上进行代币化，代币化资产的采用越来越多。

Tokenized Treasuries: A $1 Billion Gateway to Blockchain-Enabled Asset Management

代币化国债：价值 10 亿美元的区块链资产管理门户

In a groundbreaking milestone for the blockchain industry, the total value of tokenized United States Treasuries across Ethereum, Polygon, Solana, and other blockchains has now surpassed the $1 billion mark. This remarkable achievement marks a transformative shift in the financial landscape, underscoring the growing adoption of blockchain technology to enhance efficiency and access to traditional assets.

这是区块链行业的一个突破性里程碑，以太坊、Polygon、Solana 和其他区块链上的代币化美国国债总价值现已超过 10 亿美元大关。这一非凡的成就标志着金融格局的变革，突显了区块链技术越来越多地采用来提高效率和传统资产的获取。

BlackRock, a global asset management behemoth, played a pivotal role in driving this tokenization surge. The firm recently launched its BUIDL fund, an innovative tokenized asset fund focused on government securities. BUIDL, which is domiciled on Ethereum, has swiftly become the second-largest tokenized government securities fund, boasting a market capitalization of $244.8 million.

全球资产管理巨头贝莱德在推动这一代币化浪潮中发挥了关键作用。该公司最近推出了 BUIDL 基金，这是一款专注于政府证券的创新型代币化资产基金。 BUIDL 注册于以太坊，已迅速成为第二大代币化政府证券基金，市值达 2.448 亿美元。

Within the past week alone, four transactions totaling $95 million have been deposited into the BUIDL fund, further solidifying its position as a major player in the tokenized Treasury market. Leading the charge is Ondo Finance, a real-world asset tokenization firm, which contributed a substantial $79.3 million to the fund. This transaction enables instant settlements for Ondo Finance's own US Treasury-backed token, OUSG.

仅在过去一周内，就有四笔交易总计 9500 万美元存入 BUIDL 基金，进一步巩固了其作为代币化国债市场主要参与者的地位。领头羊是现实世界的资产代币化公司 Ondo Finance，该公司向该基金捐赠了 7930 万美元。该交易支持 Ondo Finance 自己的美国财政部支持的代币 OUSG 的即时结算。

As a result of these strategic investments, Ondo Finance now holds a significant 38% stake in BUIDL. The fund's value is pegged 1:1 to the United States Dollar, ensuring stability and providing investors with daily accrued dividends distributed monthly.

由于这些战略投资，Ondo Finance 目前持有 BUIDL 38% 的重要股权。该基金的价值与美元1:1挂钩，确保稳定性并为投资者提供每月派发的每日应计股息。

The tokenization of government treasuries offers a compelling alternative to traditional stablecoin yields, especially in today's high-interest rate environment. As BlackRock CEO Larry Fink astutely observed, "Blockchain tokenization has the potential to enhance efficiency in capital markets."

政府国债的代币化为传统稳定币收益率提供了一种引人注目的替代方案，尤其是在当今的高利率环境下。正如贝莱德首席执行官拉里·芬克敏锐地观察到的那样，“区块链代币化有潜力提高资本市场的效率。”

Beyond government securities, blockchain technology has also facilitated the tokenization of a wide range of assets, including stocks, real estate, and commodities. On Ethereum alone, the value of tokenized real-world assets (RWAs) has reached an estimated $700 million.

除了政府证券之外，区块链技术还促进了股票、房地产和大宗商品等多种资产的代币化。仅在以太坊上，代币化现实世界资产（RWA）的价值就已估计达到 7 亿美元。

Franklin Templeton, another asset management giant, has emerged as a key player in the tokenization space with its Franklin OnChain U.S. Government Money Fund (FOBXX). FOBXX is available on multiple platforms, including Stellar and Polygon, which hold the second and third largest market shares of tokenized products.

另一家资产管理巨头富兰克林邓普顿 (Franklin Templeton) 凭借其富兰克林链上美国政府货币基金 (FOBXX) 已成为代币化领域的关键参与者。 FOBXX 可在多个平台上使用，包括 Stellar 和 Polygon，它们分别占据代币化产品第二和第三大市场份额。

WisdomTree, an asset management firm specializing in exchange-traded funds (ETFs), is also actively involved in tokenizing RWAs. Numerous blockchain-native firms, such as Ondo Finance, Backed Finance, Matrixdock, Maple Finance, and Swarm, are also contributing to the growth of this burgeoning market.

WisdomTree 是一家专门从事交易所交易基金（ETF）的资产管理公司，也积极参与 RWA 代币化。许多区块链原生公司，例如 Ondo Finance、Backed Finance、Matrixdock、Maple Finance 和 Swarm，也为这个新兴市场的增长做出了贡献。

The tokenization of over $1 billion worth of US Treasuries marks a watershed moment in asset management, demonstrating the transformative power of blockchain technology. As traditional finance embraces the innovative potential of blockchain, the market for tokenized assets is poised for exponential growth, with projections indicating a $16 trillion market by 2030.

价值超过 10 亿美元的美国国债的代币化标志着资产管理的分水岭，展示了区块链技术的变革力量。随着传统金融拥抱区块链的创新潜力，代币化资产市场有望呈指数级增长，预计到 2030 年市场规模将达到 16 万亿美元。

This technological revolution is not merely about creating digital replicas of existing assets; it is about unlocking new possibilities in asset management. Tokenization enhances liquidity, reduces transaction costs, and provides investors with greater access to a broader range of investment opportunities.

这场技术革命不仅仅是创建现有资产的数字复制品；它旨在释放资产管理的新可能性。代币化增强了流动性，降低了交易成本，并为投资者提供了更多获得更广泛投资机会的机会。

As the convergence between traditional finance and blockchain innovation deepens, it is clear that tokenized assets will play an increasingly prominent role in the financial ecosystem of the future. The $1 billion milestone in tokenized treasuries is a testament to the growing adoption and transformative potential of this disruptive technology.

随着传统金融与区块链创新融合的加深，代币化资产显然将在未来的金融生态系统中发挥越来越重要的作用。代币化国债规模达到 10 亿美元的里程碑证明了这种颠覆性技术的日益普及和变革潜力。