以此为核心，令牌化将传统资产转化为数字代币

本文不包含投资建议或建议。每个投资和贸易举动都涉及风险，读者应进行自己的研究

At its core, tokenization transforms traditional assets into digital tokens that can be traded on a blockchain. Whether it be real estate, debt, bonds or shares of a company, tokenization brings efficiency and transparency to these processes. It also broadens retail investors’ access to these asset classes. A new research report by Brikken surveys the underlying business models and provides an in-depth analysis of why many TradFi firms are jumping on the tokenization trend.

以此为核心，令牌化将传统资产转变为可以在区块链上进行交易的数字代币。无论是房地产，债务，债券还是公司的股份，令牌化都会为这些流程带来效率和透明度。它还扩大了零售投资者对这些资产类别的访问。布里肯（Brikken）的一份新研究报告调查了基本的业务模型，并对许多贸易爱好公司为何跃升令牌趋势进行了深入分析。

The anatomy of tokenized asset issuance

令牌资产发行的解剖结构

The journey begins with deal structuring, where the asset, be it a property, a bond or a private equity fund, is identified and legally organized. Often, the asset is held by a so-called Special Purpose Vehicle (SPV), a dedicated legal entity designed to protect investor rights.

旅程始于交易结构，其中资产，无论是财产，债券还是私募股权基金，都被确定并在法律上组织起来。通常，资产由所谓的专用工具（SPV）持有，该工具是一个专门的法律实体，旨在保护投资者权利。

Once the groundwork is laid, the asset enters the digitization phase and is recorded onchain. After being minted, smart contracts can automate processes such as compliance checks, dividend payments and shareholder voting. This automation slashes administrative costs and eliminates inefficiencies, making the system faster and more reliable.

一旦奠定了基础，资产将进入数字化阶段并记录在链上。被铸造后，智能合约可以自动化流程，例如合规支票，股息支付和股东投票。这种自动化削减了行政成本并消除了低效率，使系统更快，更可靠。

During primary distribution, tokens are issued to investors in exchange for capital. This is akin to the digital version of an initial public offering (IPO). Investors complete Know Your Customer checks, receive tokens representing fractional ownership and gain instant access to a secure, transparent, blockchain-based record of their investment.

在初级分销期间，将令牌发放给投资者以换取资本。这类似于首次公开产品（IPO）的数字版本。投资者完整了解您的客户支票，接收代表部分所有权的代币，并立即访问其投资的安全，透明，基于区块链的记录。

After the initial issuance, the tokens are managed through post-tokenization activities. The distribution of dividends, shareholder votes and ownership changes are all automated via smart contracts. Secondary trading platforms can provide additional, liquid off-ramps for investors looking to cash out. Instead of waiting months or even years to sell traditional assets, tokenized assets can be traded with the click of a button.

初始发行后，代币通过后言行进行管理。股息，股东投票和所有权变更的分配都是通过智能合约自动化的。二级交易平台可以为希望兑现的投资者提供额外的液体外坡道。可以通过单击按钮进行交易，而不是等待几个月甚至数年才能出售传统资产。

Revolutionizing asset classes through tokenization

通过令牌化革命资产类别

Tokenization isn’t limited to a single type of asset. From real estate to debt instruments and even carbon credits, its potential applications are nearly endless.

令牌化不仅限于一种类型的资产。从房地产到债务工具，甚至碳信用额，其潜在应用几乎是无限的。

Debt tokenization is a game-changer in the traditional capital markets. By representing bonds or loans as digital tokens, issuers simplify trading and bring much-needed liquidity to these traditionally static assets. Notable examples include the European Investment Bank issuing a 100 million euro digital bond on the Ethereum blockchain in 2024, a clear sign of how tokenization is modernizing financial instruments.

债务令牌化是传统资本市场上的改变游戏规则。通过代表债券或贷款作为数字代币，发行人简化了交易，并为这些传统的静态资产带来了急需的流动性。值得注意的例子包括欧洲投资银行在2024年发行1亿欧元数字债券，这是如何实现金融工具的明显迹象。

The world of fund management is also beginning to see a seismic shift. Tokenized funds such as Franklin Templeton’s OnChain US Government Money Fund are using blockchain technology to process transactions and manage share ownership.

基金管理的世界也开始看到地震转变。富兰克林·邓普顿（Franklin Templeton）的OnChain US政府资金基金等令牌资金正在使用区块链技术来处理交易并管理股份所有权。

According to Security Token Market, over $50 billion worth of assets across all asset classes were tokenized by the end of 2024, with $30 billion coming from real estate. As more institutions embrace blockchain technology, these figures are expected to skyrocket in 2025.

根据安全令牌市场的数据，到2024年底，所有资产类别的价值超过500亿美元的资产都已被标记，其中300亿美元来自房地产。随着越来越多的机构采用区块链技术，这些数字有望在2025年飙升。

Looking ahead for tokenization adoption

寻求象征化的采用

Tokenization is no longer a theoretical concept, a non-profitable sector or a niche market. It’s been tested, fine-tuned and is poised to reshape the financial landscape. With streamlined processes, enhanced liquidity and broader access, this technology is unlocking opportunities that were once out of reach.

令牌化不再是理论概念，一个非营利性的部门或利基市场。它已经经过测试，经过微调，并有望重塑金融景观。随着流程的流程，增强的流动性和更广泛的访问，这项技术正在释放曾经遥不可及的机会。

As 2025 continues, we can expect even greater adoption across asset classes, deeper integration with DeFi platforms and more innovation in tokenized markets. For both traditional and institutional investors, the future of tokenization looks promising.

随着2025年的继续，我们可以期望在资产类别中采用更多的采用，与Defi平台的更深入集成以及在代币化市场中的创新。对于传统和机构投资者来说，令牌化的未来看起来很有希望。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每个投资和交易举动都涉及风险，读者在做出决定时应进行自己的研究。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文是出于一般信息目的，不打算被视为法律或投资建议。这里表达的观点，思想和观点是作者独自一人，不一定反映或代表Cointelegraph的观点和观点。

Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.

Cointelegraph不认可本文的内容或此处提到的任何产品。读者应在采取与任何产品或公司有关的任何行动之前进行自己的研究，并对他们的决策承担全部责任。