骑士桥（Knightsbridge）领导RWA令牌化，为安全性和合规性设定了新标准

在Knightsbridge，我们在现实世界资产（RWAS）的令牌化中发挥了领导作用，改变了房地产，股票和商品等有形资产

At Knightsbridge, we’ve been taking a leading role in the tokenization of real-world assets (RWAs). This process, which transforms tangible assets like real estate, equities, and commodities into digital tokens on a blockchain, is opening up new opportunities for liquidity, fractional ownership, and global access to investments.

在Knightsbridge，我们一直在现实世界中的标记（RWAS）中发挥主导作用。这个过程将例如房地产，股票和商品等有形资产转变为区块链上的数字代币，为流动性，分数所有权和全球投资访问提供了新的机会。

However, the promise of tokenization also comes with a warning. As platforms like OM Mantra and MUTM Mutuum demonstrate, there are several critical considerations for ensuring the safety and superiority of RWA tokenization.

但是，令牌化的承诺也带有警告。正如Om Mantra和Mutm Mutuum这样的平台所证明的那样，有几个关键考虑因素确保RWA令牌化的安全性和优势。

Here, I’d like to highlight some of the key issues and how Knightsbridge is setting new standards in this rapidly evolving space.

在这里，我想强调一些关键问题，以及骑士桥如何在这个快速发展的空间中设定新标准。

A Cautionary Tale: OM Mantra and Decentralized Governance

警示性故事：OM咒语和分散治理

Layer 1 blockchain platform OM Mantra has been making waves with its unique approach to RWA tokenization, aiming to revolutionize how people invest, especially in the Middle East and Asia.

第1层区块链平台OM咒语一直以其独特的RWA令牌化方法引起轰动，旨在彻底改变人们的投资，尤其是在中东和亚洲的方式。

Having raised $11 million in a seed funding round led by Shorooq Partners earlier this year, the startup is focused on creating a regulatory-compliant infrastructure for tokenizing assets in a bid to generate liquidity and facilitate cross-border investments.

该初创公司筹集了由Shorooq合作伙伴领导的1100万美元的种子资金回合，该初创公司致力于创建一个符合法规的基础设施，以实现引起流动性并促进跨境投资的基础设施。

While the initiative boasts good intentions and a promising vision, it's essential to acknowledge the potential pitfalls of such decentralized models, especially when applied to institutional-grade asset classes.

尽管该计划具有良好的意图和有前途的愿景，但必须承认这种分散模型的潜在陷阱，尤其是在应用机构资产类别时。

Without being critical of OM Mantra’s model, which is new and innovative, there are several issues that such an approach may face. For instance, a decentralized governance system, which relies heavily on the participation of token holders to make critical decisions for the platform, can be susceptible to mismanagement if not implemented with the strictest oversight.

不批评OM Mantra的模型，这是新颖而创新的，因此可能会面临几个问题。例如，一个分散的治理体系在很大程度上依赖于代币持有人的参与来为平台做出关键决定，如果不以最严格的监督实施，则可能会因管理不善而受到影响。

In the case of OM Mantra, the governance token, known as the OM token, is used for staking and voting on proposals that affect the platform’s future. However, without sufficient safeguards, this system could lead to scenarios where the majority of token holders vote in favor of short-term gains or personal interests over the long-term sustainability of the platform.

就OM口头禅而言，治理令牌（称为OM令牌）用于对影响该平台未来的建议进行投票和投票。但是，如果没有足够的保障措施，该系统可能会导致大多数代币持有人投票支持短期收益或个人利益，而不是该平台的长期可持续性。

At Knightsbridge, we’re designing our custodian and issuer rules to make an OM Mantra-like situation impossible. Our framework is designed to be fundamentally different, placing priority on centralized oversight by qualified custodians and trustees.

在Knightsbridge，我们正在设计我们的保管人和发行人规则，以使类似OM的咒语状况不可能。我们的框架的目的是从根本上不同，因此优先考虑合格的保管人和受托人的集中监督。

This is a critical aspect of ensuring that the physical assets backing our tokens are at all times securely stored, managed, and can be readily accessed.

这是确保支持我们令牌的物理资产始终牢固地存储，管理和可以轻松访问的关键方面。

We work exclusively with licensed custodians who are subject to rigorous regulatory standards, a stark contrast to OM Mantra’s decentralized approach. This ensures that the assets—be it a piece of commercial real estate in Knightsbridge, London, or a rare work of art—are immobilized and protected before their digital counterparts, or tokens, are created on the blockchain.

我们专门与受持有的监护人合作，这些保管人受到严格的监管标准，与Om Mantra的分散方法形成鲜明对比。这样可以确保资产（伦敦骑士桥的一块商业房地产或罕见的艺术作品）在其数字同行（或代币）之前被固定和保护。

Our issuers are also held to the highest standards of compliance, which includes mandatory KYC/AML checks for all investors, and we maintain complete control over the token issuance process to prevent any unauthorized access or manipulation.

我们的发行人还具有最高的合规性标准，其中包括所有投资者的强制性KYC/AML支票，并且我们保持对令牌发行过程的完全控制，以防止任何未经授权的访问或操纵。

By centralizing these critical functions, we eliminate the inherent risks associated with decentralized governance, deeming it unsuitable for the institutional-grade products that we deliver to our clients.

通过集中这些关键功能，我们消除了与分散治理相关的固有风险，认为它不适合我们交付给客户的机构级产品。

Superiority Over MUTM Mutuum’s Asset Assessment Process

优于mutm mutuum的资产评估过程

Decentralized lending protocol MUTM Mutuum has recently hit the headlines with the presale of its governance token, MUTM.

分散的贷款方案mutm mutuum最近以其治理令牌的预售，MUTM的预售。

The token, which is being sold at $0.01 for the presale and will launch at $0.06, is designed to provide liquidity for institutional-grade assets, and early investors who participate in the presale stand to reap significant gains.

该代币的售价为0.01美元，旨在以0.06美元的价格上市，旨在为机构级资产提供流动性，以及参与预售立场的早期投资者，以获得可观的收益。

Those who purchase the token in the presale will also be granted the status of "founders" of the Mutuum ecosystem, and they will be able to vote on crucial proposals that will shape the platform's future.

那些在预售中购买令牌的人也将获得Mutuum生态系统的“创始人”的地位，他们将能够就可以塑造平台未来的关键建议投票。

The protocol, which is powered by the Solana blockchain, aims to create a decentralized ecosystem for lending, borrowing, and asset management services. It is designed to be accessible to a global community of users, who will be able to participate in the DeFi revolution.

该协议由Solana区块链提供动力，旨在创建一个分散的生态系统，用于贷款，借贷和资产管理服务。它旨在为全球用户社区访问，他们将能够参加Defi Revolution。

However, despite its promising vision and innovative technology, MUTM faces several critical challenges that could hinder its long-term success.

然而，尽管具有有希望的愿景和创新技术，但MUTM面临着一些关键的挑战，可能会阻碍其长期成功。

The protocol is heavily reliant on smart contracts for the execution of all transactions and the tokenization of assets. While smart contracts are a fundamental component of blockchain technology and offer advantages in terms of efficiency and transparency, they are also susceptible to vulnerabilities if not coded and maintained impeccability.

该协议在很大程度上依赖于智能合约来执行所有交易和资产的令牌化。尽管智能合约是区块链技术的基本组成部分，并且在效率和透明度方面提供了优势，但如果不编码和保持无可挑剔的性能，它们也容易受到漏洞的影响。

In the cryptocurrency industry, we have witnessed numerous instances of hackers exploiting flaws in smart contracts to steal vast sums of digital assets from decentralized protocols. These exploits have had devastating consequences for investors and have undermined trust in the crypto ecosystem.

在加密货币行业中，我们目睹了许多黑客在智能合同中利用缺陷的情况，以从分散协议中窃取大量数字资产。这些漏洞对投资者产生了毁灭性的后果，并破坏了对加密生态系统的信任。

Moreover, in the context of RWA tokenization, any errors or malicious activity within the smart contracts used by MUTM could directly impact the underlying assets being tokenized. This could lead to the loss or misallocation of funds, ultimately jeopardizing the investments entrusted to the protocol.

此外，在RWA令牌化的背景下，MUTM使用的智能合约中的任何错误或恶意活动都可能直接影响被标记化的基础资产。这可能导致资金的损失或分配，最终危及托付给协议的投资。