rwa

2025年，国内现实资产代币化（RWA）相关活动全面收紧监管，这一连接传统金融与区块链的创新探索，尚未成熟便戛然而止，行业陷入深度调整。
头部项目技术负责人透露，监管已全面管控代币化行为，商业应用与技术测试网络均被纳入监管范围。17个试水项目（含国资背景试点）悉数被叫停，区块链资产锚定技术模块遭删除，相关白皮书下架、行业议题禁提，“RWA”一词也成监管敏感内容。
从2024年试点到2025年全面规范，短短180天政策态度剧烈转向。监管从法律、技术、跨境三端全面发力：修订后的《数字金融安全条例》将资产代币化定性为非法集资；技术层实施穿透式监管，要求服务商签署“零资产锚定”承诺书；跨境端设“链上资本防火墙”，拦截相关代币流转。
重压之下，行业开启转型突围：团队转向纯数字资产赛道，探索游戏道具、数据权益等数字化方向；部分机构转战香港、卢森堡、迪拜等境外市场；还有团队将风控技术反哺政府监管，参与地方债监控系统建设。
值得关注的是，创新暗流仍在涌动：地方国资探索“非代币化资产上链”记账系统，香港加速审批类RWA ETF产品。同一时空下，国内外对该领域的不同探索路径，折射出技术创新与制度监管的持续博弈。
#加密市场观察 #rwa

The cryptocurrency landscape witnessed a transformative year as Real World Assets emerged as the driving force behind blockchain's institutional adoption. While many investors focused solely on speculative tokens, the most significant developments occurred where traditional finance meets decentralized technology.
The RWA Revolution: Why 2025 Was a Turning Point
Traditional financial instruments—from government bonds to real estate—found their digital counterparts on blockchain networks throughout 2025. This wasn't just technological experimentation; it represented genuine infrastructure development that attracted billions in institutional capital.
The numbers tell a compelling story. Multiple protocols surpassed billion-dollar milestones, regulatory frameworks gained clarity across major jurisdictions, and traditional financial giants partnered with decentralized platforms to tokenize everything from hedge funds to trade invoices.
Ondo Finance: Bridging BlackRock and Blockchain
Ondo Finance achieved remarkable scale by expanding its USDY stablecoin to two billion dollars in total value locked, primarily through its strategic partnership with BlackRock. The protocol successfully launched cross-chain liquidity pools on both Solana and Base networks, making tokenized treasury bills accessible across multiple ecosystems.
Perhaps most significantly, Ondo secured half a billion dollars in institutional inflows specifically for treasury bill products while obtaining European Union regulatory approval for tokenized stocks and exchange-traded funds. This regulatory green light opened doors for traditional investment firms to explore blockchain-based securities.
Chainlink: The Infrastructure Layer for Financial Data
Chainlink's developments extended far beyond typical oracle services. The United States Department of Commerce selected Chainlink for on-chain macroeconomic data feeds—a watershed moment demonstrating government recognition of blockchain infrastructure reliability.
The launch of Confidential Compute paired with the Chainlink Runtime Environment provided institutions with privacy-preserving computation capabilities. Chainlink's inclusion in the SEC's cryptocurrency task force further validated its position as critical financial infrastructure. The protocol also won the Swift Global Fintech Hackathon and announced the first regulated Chainlink ETF, cementing its transition from purely crypto-native to traditional finance integration.
Avalanche: Scaling Real-World Adoption
Avalanche's metrics reflected genuine network growth. Daily transactions reached 2.5 million, while decentralized finance protocols locked five billion dollars in value. Over 500 new decentralized applications launched on the platform throughout the year.
SkyBridge Capital tokenized 300 million dollars in hedge funds on Avalanche, while Securitize built a pan-European tokenization system. August alone saw 11.5 billion dollars in decentralized exchange volume. Grayscale filed an S-1 for an Avalanche ETF, the C-Chain reached an all-time high of 65 million unique wallets, and Visa integrated stablecoin functionality. The Avalanche Treasury program set an ambitious target of building a one-billion-dollar ecosystem fund.
Plume Network: Compliance-First Tokenization
Plume Network reached 100 million dollars in total value locked within its Nest vaults while launching its mainnet with built-in compliance features for regulated tokenization. The protocol's partnership with Centrifuge established a one-billion-dollar pipeline for real-world assets, attracting 50,000 active users in the process.
Syrup Protocol: Institutional-Grade Yield Infrastructure
Syrup Protocol scaled its assets under management to 4.5 billion dollars, with total value locked hitting 3.2 billion dollars. Its syrupUSDC product gained adoption as collateral backing within the broader real-world asset ecosystem, providing institutions with yield-bearing alternatives to traditional stablecoins.
Centrifuge: Connecting Traditional Assets to DeFi
Centrifuge tokenized 500 million dollars in S&P 500 assets, demonstrating that equity exposure could seamlessly integrate with decentralized finance. The JAAA CLO fund reached 200 million dollars in assets under management, while cross-chain lending integration with Plume expanded accessibility. European real estate pools received regulatory approval, opening another major asset class to tokenization.
Polymesh: Purpose-Built for Securities
Polymesh processed one million tokenized securities trades while upgrading its governance framework to accommodate institutional whitelisting requirements. Partnership with IXS enabled private equity and bond tokenization, and the network reached a one-billion-dollar total value locked milestone—remarkable for a securities-specific blockchain.
RIO Protocol: Mortgage Markets Meet Blockchain
RIO Protocol tokenized 100 million dollars in mortgage assets and launched version 2 of its tokenization studio with enhanced features. Pilot programs for asset migration to the XRP Ledger began testing interoperability, while staking yields reached an impressive 20 percent, attracting both crypto-native and traditional investors.
Sky (formerly Maker): Stablecoin Infrastructure Evolution
Sky's USDS stablecoin achieved five billion dollars in circulation, backed increasingly by real-world asset collateral integrated into sUSDS vaults. The Sky Savings Rate averaged 8 percent annual percentage yield—significantly above traditional savings accounts—while multi-chain expansion to Base and Solana broadened accessibility.
Goldfinch: Undercollateralized Lending Goes Mainstream
Goldfinch issued 200 million dollars in undercollateralized loans, proving that blockchain-based credit assessment could work for borrowers without crypto collateral. Tokenized commodities joined the collateral mix through partnership with Pact Finance, while borrowers enjoyed average yields of 12 percent.
XDC Network: Trade Finance Transformation
XDC Network tokenized one billion dollars in trade invoices, achieving ISO 20022 compliance for institutional payment rails. Expansion into Middle Eastern and North African markets through an MOU with SBI Ripple demonstrated global ambitions, with payment transactions reaching one million per day.
Injective Protocol: Derivatives Meet Real Assets
Injective burned 43,000 INJ tokens through buyback programs while tokenizing stocks and bonds in partnership with Nomura and BlackRock. The protocol reached 500 million dollars in real-world asset total value locked through oracle integration, enabling sub-second perpetual futures trading for tokenized assets.
What These Milestones Mean for Crypto's Future
These achievements represent more than isolated protocol successes—they signal systematic integration of blockchain technology into traditional finance. Regulatory clarity increased, institutional participation expanded, and infrastructure matured to support genuine financial applications beyond speculation.
The tokenization of trillions of dollars in traditional assets remains in early stages, but 2025 established the foundational infrastructure, regulatory frameworks, and institutional partnerships necessary for continued growth.
For investors and builders alike, the message is clear: real-world asset protocols are not peripheral to cryptocurrency's evolution—they are central to its institutional adoption and long-term sustainability.

#RWA #Tokenization

别再盯着那俩土狗了，明年真正的狠活儿在这五个绝对共识里，每一个都可能颠覆你的认知。
1. 稳定币正式“上桌”，干掉传统支付！
知道稳定币一年交易额多少吗？46万亿美元！是PayPal的20倍，接近Visa的3倍。Galaxy直接预言：到明年底，30%的国际支付都将走稳定币。它不再是币圈玩具，而要成为全球金融的新管道。
2. AI Agent开始全职“炒币”
不是人在交易，是AI智能体在互刷！它们需要像发微信一样秒到、便宜地转账，链上支付就是为此而生。专家预测，明年Base链上30%的交易可能都来自AI智能体在“打工”和结算。
3. RWA不再画饼，来真的了
最大的里程碑可能是：第一家主流银行将接受代币化的股票作为贷款抵押品。这意味着链上资产终于能敲开传统金融的铁门，Hashdex甚至预测整个市场将暴涨10倍。
4. 预测市场：全民“预知未来”
Polymarket周交易量都快破10亿刀了。它正在变成比赌局更可怕的东西——一个巨大的集体智慧大脑。有KOL预测，它的美国用户基数将从5%飙到35%，接近彩票的普及度。
5. 隐私币王者归来，冲向千亿市值
当所有钱和交易都在链上裸奔时，隐私就成了最硬的需求。Galaxy研究员放话：隐私币总市值明年要破1000亿美元。这不是可选项，是数字时代的刚需防火墙。
最后，给所有打工人一个扎心预警：
行业薪资地图正在重划。懂合规、稳定币、反洗钱的人才，年薪包轻松突破40万美元。而只懂原生协议的工程师，薪水可能被倒挂。时代变了，技能栈得赶紧更新了。另外以太链上那只小pu ppi es狗
你觉得，以上哪个预测最有可能被打脸？评论区聊聊你的“反共识”。$BTC $USD1 $BIFI #加密市场观察 #稳定币 #RWA #预测市场将如何发展？ #隐私赛道

----2026，不是牛市续集，而是一次分水岭
2025 年走到尾声，大多数在圈子里待过三年以上的人，应该都有同一个体感：
叙事在退潮，情绪在降温，赚钱变难了。
但这并不意味着加密行业在衰退。恰恰相反，2026 年更像是一轮结构性重排——
谁还停留在旧叙事里，谁就会被留在 2021。
综合多家顶级研究机构和一线从业者的判断，2026 年真正值得关注的，不是“下一个百倍币”，而是五个正在从边缘走向核心的方向。它们不会让你一夜暴富，但会决定你三年后还在不在牌桌上。
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1️⃣ 稳定币：第一次真正「上桌」传统金融
稳定币不再是加密世界内部的工具，而是在直接侵入现实金融系统。
交易量已经说明问题：
它们处理的价值规模，早已超过 PayPal，逼近 Visa 和传统清算网络。
真正的变化在于——
2026 年，稳定币开始进入出入金、支付、结算、工资、商户系统这些最脏、最累、也最关键的环节。
这意味着什么？
• 金融不再只属于“有银行账户的人”
• 跨境结算开始变成实时行为
• 钱，第一次像信息一样在互联网中流动
对从业者的提示只有一句：
不理解稳定币如何嵌入现实金融的人，未来会被彻底边缘化。
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2️⃣ AI Agent：链上不再只属于人类
2026 年，链上的“主要参与者”将不再只是人。
AI Agent 会开始：
• 自主交易
• 自主支付
• 自主协作
而传统金融系统，对它们来说摩擦太大。
这正是加密轨道的天然适配场景：
即时结算、微支付、无需许可、可编程。
真正的瓶颈，不在智能，而在身份。
KYC 已经不够了，接下来是 KYA（Know Your Agent）。
对普通从业者来说，一个非常现实的警醒是：
未来你竞争的对象，可能不是另一个人，而是一套智能体系统。
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3️⃣ RWA：不再讲故事，开始动结构
RWA 最大的变化，不是“更多资产上链”，而是链上资产开始进入金融核心环节。
一个关键拐点正在逼近：
代币化资产，被接受为正式抵押品。
一旦这件事发生，RWA 就不再是“加密实验”，而是金融系统的一部分。
但也要清醒：
2026 年的 RWA 会更「Degen」，而不是更温和。
结构套利、抵押效率、组合玩法，才是真正的战场。
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4️⃣ 预测市场：从菠菜，变成决策工具
预测市场正在完成一次身份升级。
它不再只是赌输赢，而是在做三件事：
• 汇聚信息
• 提前定价预期
• 对抗叙事噪音
随着 AI、自动化交易、资本效率的叠加，预测市场会变得更强，也更危险。
这里的警示非常明确：
当预测市场影响真实决策时，监管一定会到来。
机会和风险，会同时放大。
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5️⃣ 隐私：从理想主义，变成刚需
当更多资产、决策、自动化行为上链后，“全透明”开始变成不可接受的成本。
机构、智能体、高净值用户，都不可能接受：
• 资产结构永久公开
• 交易路径可被完全追踪
隐私不再是情怀，而是基础设施问题。
2026 年，隐私的竞争不在应用层，而在：
• 数据访问规则
• 密钥管理
• 可验证但不可见的系统设计
不会隐私的系统，未来根本进不了主流金融。
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给加密打工人的几条现实提醒
最后，说几句不太好听，但很重要的话：
• 叙事红利正在消失，专业红利正在回归
• “胖应用”正在吃掉“胖协议”的价值
• 合规、风控、稳定币相关岗位，正在比工程师更值钱
• 真正经历过完整周期的人，开始重新被重视
• AI 正在吃掉初级岗位，而不是取代明星创始人
2026 年，不是比谁更激进，而是比谁活得更久、站得更稳。
#Crypto2026 #stablecoin #AIAgent #RWA #Privacy

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#Binance #Chainlink #LINK #RWA #WhaleAlert
$LINK