机构入侵：随着银行和资产管理公司的介入，加密货币的新曙光

Institutional Incursion: A New Dawn for Crypto?

机构入侵：加密货币的新曙光？

After weathering a two-year storm, the blockchain ecosystem and crypto industry finally seem to be catching a tailwind. While this rosy outlook is certainly welcome, it's crucial to examine the underlying drivers of this bullish surge and their sustainability.

在经历了两年的风暴之后，区块链生态系统和加密行业似乎终于迎来了顺风车。虽然这种乐观的前景当然值得欢迎，但至关重要的是研究这种看涨飙升的潜在驱动因素及其可持续性。

The Institutional Influence: A Catalyst for Credibility

制度影响力：信誉的催化剂

This time around, traditional institutions like banks and asset managers are cautiously stepping into the blockchain realm, lending the industry a newfound air of professionalism. Gone are the days of crypto enthusiasts as unkempt, unregulated mavericks.

这一次，银行和资产管理公司等传统机构谨慎地涉足区块链领域，为该行业带来了新的专业气息。加密货币爱好者蓬头垢面、不受监管的特立独行者的日子已经一去不复返了。

Institutions are primarily entering crypto through two avenues: ETFs and tokenizing real-world assets (RWAs). Bitcoin ETFs have garnered much attention since their SEC approval earlier this year, attracting billions in investments from the likes of BlackRock and Fidelity. However, tokenized RWAs have also played a significant yet understated role.

机构主要通过两种途径进入加密货币：ETF 和现实世界资产代币化 (RWA)。自今年早些时候获得 SEC 批准以来，比特币 ETF 就引起了广泛关注，吸引了贝莱德 (BlackRock) 和富达 (Fidelity) 等公司数十亿美元的投资。然而，代币化的 RWA 也发挥了重要但低调的作用。

Tokenizing RWAs is not exactly a novel concept, but its enduring presence throughout the blockchain ecosystem's ups and downs highlights its value proposition for institutions and their clients.

代币化 RWA 并不是一个新颖的概念，但它在整个区块链生态系统的起起落落中的持久存在凸显了它对机构及其客户的价值主张。

Tackling Tokenization Tribulations: A Path to Success

解决代币化难题：成功之路

As institutions venture into uncharted waters, they face the inevitable challenge of implementation. Should they develop in-house or seek external support? How can they navigate the complexities of blockchain technology?

当机构冒险进入未知领域时，它们面临着不可避免的实施挑战。他们应该内部发展还是寻求外部支持？他们如何应对区块链技术的复杂性？

Leaders in tokenization solutions offer their insights. Michael McCluskey, Head of Strategic Partnerships at Sologenic, advocates a hybrid approach: "Institutions should implement internal capabilities while simultaneously partnering with nimble, enterprise-ready technology providers."

代币化解决方案的领导者提供了他们的见解。 Sologenic 战略合作伙伴关系主管 Michael McCluskey 主张采用混合方法：“机构应在实施内部能力的同时与灵活的企业就绪技术提供商合作。”

Sologenic's platform, SOLONEX, leverages the XRP Ledger to provide institutions with a comprehensive suite of asset tokenization services. McCluskey emphasizes the importance of partnering with experts who understand the intricacies of blockchain, smart contracts, and interoperability.

Sologenic 的平台 SOLONEX 利用 XRP Ledger 为机构提供全面的资产代币化服务。 McCluskey 强调与了解区块链、智能合约和互操作性复杂性的专家合作的重要性。

Lior Lamesh, CEO of GK8, a subsidiary of Galaxy, echoes this sentiment. GK8's platform empowers financial institutions to securely manage and monetize digital assets. Lamesh stresses the paramount importance of safeguarding the tokenization process, particularly when handling smart contracts and admin keys.

Galaxy 子公司 GK8 的首席执行官 Lior Lamesh 也表达了同样的观点。 GK8 的平台使金融机构能够安全地管理数字资产并实现数字资产货币化。 Lamesh 强调保护代币化过程的至关重要性，特别是在处理智能合约和管理密钥时。

"The token issuance process, if not executed correctly, carries substantial cyber risks," warns Lamesh. "Deploying smart contracts from internet-connected computers exposes them to malicious code insertion. Notorious hacks have activated such code years after token implementation, causing severe damage. Therefore, it's imperative to thoroughly audit smart contracts and deploy them from an offline environment."

拉梅什警告说：“代币发行过程如果执行不正确，就会带来巨大的网络风险。” “从连接互联网的计算机部署智能合约会使它们暴露于恶意代码插入。臭名昭著的黑客在代币实施数年后激活了此类代码，造成了严重损害。因此，必须彻底审核智能合约并从离线环境部署它们。”

Tokenization's Trajectory: A Multifaceted Opportunity

代币化的轨迹：多方面的机会

While institutions must meticulously plan their tokenization journey, there are additional considerations for maximizing their efforts. Lamesh advises institutions to focus on a single asset class and develop a robust business case. "Attempting multiple initiatives simultaneously often leads to a lack of progress," he notes.

虽然机构必须精心规划其代币化之旅，但为了最大限度地发挥其努力，还需要考虑其他因素。拉梅什建议机构专注于单一资产类别并开发稳健的商业案例。 “同时尝试多项举措往往会导致缺乏进展，”他指出。

Moreover, the business potential of tokenized assets varies across sectors. Tokenized gold and tokenized real estate have different advantages, drawbacks, and regulatory requirements.

此外，代币化资产的商业潜力因行业而异。代币化黄金和代币化房地产具有不同的优点、缺点和监管要求。

"Institutions should conduct a strategic analysis to identify areas where tokenization can enhance their products, services, and internal operations," adds McCluskey. "Companies like BlackRock are exploring tokenized products for retail customers while also deploying back-office solutions to improve institutional fund settlement."

“机构应该进行战略分析，以确定代币化可以增强其产品、服务和内部运营的领域，”麦克拉斯基补充道。 “像贝莱德这样的公司正在为零售客户探索代币化产品，同时部署后台解决方案以改善机构资金结算。”

Conclusion: Institutional Embrace on the Horizon

结论：制度拥抱即将到来

Despite the complexities of tokenization, institutions are cautiously embracing blockchain technology. Partnerships with blockchain-native platforms like Sologenic and GK8 can help them navigate the challenges and leverage the full potential of this transformative technology.

尽管代币化很复杂，但机构仍在谨慎地接受区块链技术。与 Sologenic 和 GK8 等区块链原生平台的合作可以帮助他们应对挑战并充分利用这一变革性技术的潜力。

As McCluskey concludes, "The growing interest in digital assets among institutions, highlighted by the introduction of Bitcoin ETFs, brings us closer to large-scale institutional adoption. Tokenization represents the next phase of this evolution, and institutions are still in the early stages of their journey."

正如 McCluskey 总结的那样，“机构对数字资产的兴趣日益浓厚，比特币 ETF 的推出凸显了这一点，使我们更接近大规模机构采用。代币化代表了这一演变的下一阶段，而机构仍处于数字资产的早期阶段。他们的旅程。”