TradFi 机构将公共区块链视为资产代币化的新领域

在 BlackRock 在以太坊上的 1 亿美元代币化基金等领先者的推动下，传统金融机构 (TradFi) 越来越多地在公共区块链上对其资产进行代币化。尽管存在潜在的法律挑战，但这种从私有区块链到公共区块链的转变源于以太坊等公链的影响力及其提供的机会日益增长。

Traditional Financial Institutions Embrace Public Blockchains for Asset Tokenization

传统金融机构拥抱公共区块链进行资产通证化

The traditional financial landscape is undergoing a profound transformation as leading institutions shift their focus towards public blockchains for asset tokenization. This strategic shift, driven by giants like BlackRock, marks a departure from the previous preference for private blockchains and heralds a new era in the financial sector's adoption of blockchain technology.

随着领先机构将重点转向资产代币化的公共区块链，传统金融格局正在经历深刻变革。这一由贝莱德等巨头推动的战略转变，标志着与之前对私有区块链的偏好的背离，预示着金融领域采用区块链技术的新时代。

Genesis of the Shift: BlackRock's Game-Changing Move

转变的起源：贝莱德改变游戏规则的举措

Celisa Morin, a former Vice President at Grayscale and now the head of crypto at Reed Smith, attributes this shift to the resounding success of BlackRock's $100 million tokenized 'BUIDL' fund on the Ethereum network. Morin asserts that this bold initiative has paved the way for other TradFi (traditional financial institutions) to rethink their approach to asset tokenization.

Grayscale 前副总裁、现任 Reed Smith 加密业务主管 Celisa Morin 将这一转变归因于 BlackRock 在以太坊网络上 1 亿美元的代币化“BUIDL”基金取得的巨大成功。 Morin 声称，这一大胆的举措为其他 TradFi（传统金融机构）重新考虑其资产代币化方法铺平了道路。

Public Blockchains Gain Momentum

公共区块链获得动力

Traditionally, private blockchains such as JPMorgan's Onyx were the preferred choice for asset tokenization. However, the tide has turned in favor of public blockchains, exemplified by BlackRock's 'BUIDL' fund. Morin emphasizes this shift, stating, "I think we prefer private chains with JPMorgan's Onyx. But I do think that this was the narrative a few years back. Now, I think it's very much the public blockchains."

传统上，摩根大通的 Onyx 等私有区块链是资产代币化的首选。然而，潮流已经转向有利于公共区块链，贝莱德的“BUIDL”基金就是一个例子。 Morin 强调了这一转变，他表示：“我认为我们更喜欢摩根大通 Onyx 等私有链。但我确实认为这是几年前的说法。现在，我认为这很大程度上是公共区块链。”

BlackRock's Embrace of Ethereum

贝莱德拥抱以太坊

BlackRock's decision to leverage the Ethereum network for its tokenized fund has sparked both controversy and admiration. Despite the spoofing attempts on its on-chain wallet, the move has served as a catalyst for other TradFi institutions to reconsider their approach to asset tokenization. As Morin astutely observes, "If BlackRock has made these choices, I don't know why the rest of the crew would be held back."

贝莱德决定利用以太坊网络来开发其代币化基金，这引发了争议和钦佩。尽管其链上钱包遭到了欺骗，但此举已成为其他 TradFi 机构重新考虑其资产代币化方法的催化剂。正如莫林敏锐地观察到的那样，“如果贝莱德做出了这些选择，我不知道为什么其他员工会受到阻碍。”

Franklin Templeton Follows Suit

富兰克林邓普顿紧随其后

Echoing this sentiment, Franklin Templeton, another financial titan, has already launched its tokenized money market fund on Polygon, an Ethereum layer-2 network. The Franklin OnChain U.S. Government Money Fund (FOBXX) holds $360.2 million in U.S. Treasurys and represents one of 17 products that have collectively tokenized $1.08 billion in U.S. Treasurys.

与这种观点相呼应的是，另一家金融巨头富兰克林邓普顿 (Franklin Templeton) 已经在以太坊第 2 层网络 Polygon 上推出了代币化货币市场基金。 Franklin OnChain 美国政府货币基金 (FOBXX) 持有 3.602 亿美元的美国国债，是总共 10.8 亿美元美国国债代币化的 17 种产品之一。

Navigating Challenges and Seizing Opportunities

应对挑战并抓住机遇

Transitioning to public blockchains presents TradFi firms with both challenges and opportunities. Morin highlights potential legal complexities associated with tokenizing assets on public blockchains, which may lack the robust KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols found on private networks.

过渡到公共区块链给 TradFi 公司带来了挑战和机遇。 Morin 强调了与公共区块链上的资产代币化相关的潜在法律复杂性，这可能缺乏私有网络上强大的 KYC（了解你的客户）和 AML（反洗钱）协议。

Despite these challenges, Morin believes that the allure of the public blockchain space, particularly Ethereum, will entice many firms to follow BlackRock's lead. However, regulatory compliance must remain a top priority as TradFi firms navigate this evolving landscape.

尽管存在这些挑战，莫林相信公共区块链领域（尤其是以太坊）的吸引力将吸引许多公司追随贝莱德的脚步。然而，随着 TradFi 公司应对这一不断变化的形势，监管合规仍然是重中之重。

Redefining the Financial Landscape: The Digital Transformation

重新定义金融格局：数字化转型

The shift towards public blockchains by traditional financial institutions represents a watershed moment in the financial sector. Influential players like BlackRock and Franklin Templeton are spearheading this transformation, which is poised to reshape the way banks and other institutions view and utilize blockchain technology.

传统金融机构向公共区块链的转变是金融领域的分水岭。贝莱德（BlackRock）和富兰克林邓普顿（Franklin Templeton）等有影响力的公司正在带头进行这一转型，这将重塑银行和其他机构看待和利用区块链技术的方式。

Public blockchains offer distinct advantages over private alternatives, including increased accessibility, efficiency, and transparency. As more TradFi firms adopt public blockchains, the financial industry will continue to evolve, embracing the decentralized and digital future.

与私有区块链相比，公共区块链具有明显的优势，包括提高可访问性、效率和透明度。随着越来越多的 TradFi 公司采用公共区块链，金融业将继续发展，拥抱去中心化和数字化的未来。