Chintai (CHEX)：“亚洲 RWA 代币”

正如您所看到的，市值不到 10 亿，交易量为 7 位数。与 ONDO 不同，它实际上不可能建立重要的仓位（50 万美元以上）。

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这篇文章是由读者支持的出版物 BowTied Bull 为您带来的。要接收新帖子并支持我们的工作，请考虑成为免费或付费订阅者。

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欢迎阿凡达！

Today we’re doing a post on a small RWA coin. As usual for full disclosure we are owners of ONDO (for those on the paid stack) and own a *small* position in this coin as well (CHEX). The coin is extremely right risk curve type stuff and due to size it will be nearly impossible to do anything in size (you’d be illiquid).

今天我们要发表一篇关于小型 RWA 硬币的文章。与往常一样，为了全面披露，我们是 ONDO 的所有者（对于付费堆栈中的人），并且也拥有该代币的*小*头寸（CHEX）。硬币是非常正确的风险曲线类型的东西，并且由于尺寸的原因，几乎不可能做任何尺寸的事情（你会缺乏流动性）。

With that disclosure out of the way here is the overview.

披露完毕后，这里是概述。

Part 1: Quick Overview and Scope

第 1 部分：快速概述和范围

As you can see market cap is under a billion with trading volume at mid 7-figures. Unlike ONDO, it isn’t really possible to build a significant position ($500K+). Instead what you’re looking at is optionality on the RWA narrative spreading to Asia.

正如您所看到的，市值不到 10 亿，交易量为 7 位数。与 ONDO 不同，它实际上不可能建立重要的仓位（50 万美元以上）。相反，您看到的是 RWA 叙事的选择性正在蔓延到亚洲。

For those with severe PTSD you may remember a similar thing happening in 2017. When ETH was flying and ICOs were all the rave a new token called the “Chinese Ethereum” came out called NEO.

对于那些患有严重创伤后应激障碍（PTSD）的人来说，你可能还记得 2017 年发生过类似的事情。当 ETH 飞扬、ICO 风靡时，一种名为“中国以太坊”的新代币 NEO 横空出世。

The majority of alt-coins go through parabolas and break which is typically why you just want to sell back into BTC/ETH when you think the narrative has hit max mania. CHEX has a similar narrative opportunity to be the “Asian RWA Token”. Since we already have our free-rolled position of ONDO at this point, this might be a derivative/beta play on the same narrative but with Asia at the helm.

大多数山寨币都会经历抛物线并突破，这通常就是为什么当您认为故事已经达到最大狂热时，您只想卖回 BTC/ETH。 CHEX 也有类似的机会成为“亚洲 RWA 代币”。由于我们此时已经有了 ONDO 的自由滚动位置，这可能是基于相同叙述的衍生/测试版游戏，但由亚洲掌舵。

Token Unlocked: Lots of alt-coins have unlocks but CHEX is already unlocked. This is good because its suggesting price appreciation is not being done to drop a massive amount of coins in one go (ONDO and SOL both have unlocks in Q1).

代币已解锁：许多山寨币已解锁，但 CHEX 已解锁。这很好，因为它表明价格上涨并不是为了一次性掉落大量代币（ONDO 和 SOL 都在第一季度解锁）。

They have a standard buyback/burn model with 5% of the revs and already have the regulatory approval items (similar to how STX got regulatory approval before launching - just in this case in Singapore).

他们有一个标准的回购/销毁模型，转速为 5%，并且已经获得了监管批准项目（类似于 STX 在推出之前获得监管批准的方式 - 就在新加坡的情况）。

Marketing Now? According to older articles they are setting a goal to try and press on the TVI now. Specifically “Chintai estimates $150 to $300 million in Total Value Issued (TVI) on-chain by the end of Q4, 2024, and $2 billion TVI by the end of Q1, 2025”. This seems a bit lofty to us in terms of a spike but if they raise significant money then that typically means coin price goes up.

现在营销？根据较早的文章，他们现在正在设定一个目标，尝试向 TVI 施压。具体来说，“Chintai 预计到 2024 年第四季度末，链上发行总价值 (TVI) 为 150 至 3 亿美元，到 2025 年第一季度末，链上发行总价值为 20 亿美元”。就飙升而言，这对我们来说似乎有点高，但如果他们筹集了大量资金，那么这通常意味着代币价格上涨。

Summary

概括

As a quick high overview, it’s essentially the Asia version of ONDO. That naturally comes with a lot more risk and it’s a much smaller token. If narrative takes off it has a real chance at operating as a Beta play to the RWA narrative.

快速概览一下，它本质上是 ONDO 的亚洲版本。这自然会带来更大的风险，而且代币要小得多。如果叙事取得成功，它就有真正的机会作为 RWA 叙事的 Beta 版来运作。

All that said, it isn’t really possible to put in real size, for that reason on the free side of the stack.

尽管如此，实际上不可能放入实际大小，因此在堆栈的自由端。

Part 2: Trimbot Original Messenger - Contact

第 2 部分：Trimbot Original Messenger - 联系方式

We got sent this coin a while ago and then again a second time. This is entirely written by Trimbot although we have reorganized it a bit and removed some of the moonboy comments.

我们不久前收到了这枚硬币，然后又收到了第二次。这完全是由 Trimbot 编写的，尽管我们对其进行了一些重组并删除了一些 Moonboy 评论。

I’ve written a high-level summary of Chintai and their CHEX token. This is not your ordinary altcoin—this is a blue-chip token with institutional-grade tokenomics and demand that is poised to establish itself as one of the majors alongside Bitcoin, Ethereum, and Solana by the end of this cycle. I encourage you and your readers to not just take my word for it but to also do your own research in addition to reviewing the below.

我已经写了 Chintai 及其 CHEX 代币的高级摘要。这不是普通的山寨币——这是一种具有机构级代币经济学和需求的蓝筹代币，有望在本周期结束时成为与比特币、以太坊和 Solana 并驾齐驱的主流代币之一。我鼓励您和您的读者不仅相信我的话，而且除了查看以下内容之外，还可以进行自己的研究。

To save you some time, here's a TL;DR:

为了节省您的时间，这里有一个 TL;DR：

TradFi is rapidly adopting tokenization

TradFi 正在迅速采用代币化

Chintai is the Shopify of RWAs, offering a white-label tech stack for TradFi to launch custom-branded tokenization platforms

Chintai 是 RWA 中的 Shopify，为 TradFi 提供白标技术堆栈，以推出定制品牌代币化平台

The CHEX token is directly tied to Chintai’s success, with a deflationary model and institutional-grade tokenomics

CHEX 代币与 Chintai 的成功直接相关，具有通货紧缩模型和机构级代币经济学

CHEX is poised to reach multiple billions in market cap if things go well

如果一切顺利的话，CHEX 的市值有望达到数十亿美元

Background on Tokenization

代币化背景

Every major bank, financial institution, and government is saying the same thing: tokenization is the future of finance. Nearly every financial asset will be tokenized and brought on-chain, and financial institutions will need their own tokenization platforms—just like they all have apps or websites.

每个主要银行、金融机构和政府都在说同样的话：代币化是金融的未来。几乎所有金融资产都将被代币化并上链，金融机构将需要自己的代币化平台——就像它们都有应用程序或网站一样。

The challenge? Building a tokenization platform is resource-intensive, costing millions of dollars and taking years to develop the necessary automated compliance rules and tech stack. Financial institutions have no choice but to embrace tokenization, or they’ll risk being left behind.

挑战？构建代币化平台是资源密集型的，需要花费数百万美元，并且需要数年时间来开发必要的自动化合规规则和技术堆栈。金融机构别无选择，只能接受代币化，否则它们将面临被抛在后面的风险。

The Chintai Solution

Chintai 解决方案

Chintai is a licensed and regulated tokenization platform for financial institutions, holding both RMO and CMS licenses from Singapore's MAS—widely considered the

Chintai 是一家为金融机构提供许可和监管的代币化平台，持有新加坡 MAS 颁发的 RMO 和 CMS 许可证——被广泛认为是