{"id":2752,"date":"2025-06-05T09:23:47","date_gmt":"2025-06-05T09:23:47","guid":{"rendered":"https:\/\/theexchain.com\/?p=2752"},"modified":"2025-06-06T03:11:57","modified_gmt":"2025-06-06T03:11:57","slug":"5-%e8%b3%87%e7%94%a2%e4%bb%a3%e7%94%a8%e5%8c%96","status":"publish","type":"post","link":"https:\/\/theexchain.com\/zh\/5-%e8%b3%87%e7%94%a2%e4%bb%a3%e7%94%a8%e5%8c%96\/","title":{"rendered":"5.\u8cc7\u7522\u4ee3\u7528\u5e63\u5316"},"content":{"rendered":"<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.1 \u8cc7\u7522\u4ee3\u7528\u5316\u8207\u771f\u5be6\u4e16\u754c\u8cc7\u7522 (RWA) \u7684\u6982\u5ff5<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u5b9a\u7fa9\u8cc7\u7522\u4ee3\u7528\u5316\u4ee5\u53ca\u4f55\u8b02\u771f\u5be6\u4e16\u754c\u8cc7\u7522 (RWA)\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8cc7\u7522\u6578\u4f4d\u5316\u7684\u6f14\u9032<\/h4>\n\n\n\n<p>\u8cc7\u7522\u6a19\u8a18\u5316\u662f\u8cc7\u7522\u6578\u4f4d\u5316\u904e\u7a0b\u4e2d\u7684\u95dc\u9375\u968e\u6bb5\u3002\u50b3\u7d71\u4e0a\uff0c\u8cc7\u7522\u6240\u6709\u6b0a\u8a18\u9304\u5728\u7d19\u5f35\u6587\u4ef6\u6216\u96c6\u4e2d\u5f0f\u8cc7\u6599\u5eab\u4e2d\u3002\u5340\u584a\u93c8\u6280\u8853\u7684\u51fa\u73fe\u5141\u8a31\u8cc7\u7522\u5728\u5206\u6563\u5f0f\u7db2\u8def\u4e2d\u4ee5\u6578\u4f4d\u4ee3\u5e63\u7684\u5f62\u5f0f\u9032\u884c\u8868\u793a\u548c\u4ea4\u6613\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8cc7\u7522\u4ee3\u7528\u5316\u7684\u5b9a\u7fa9\u8207\u6d41\u7a0b<\/h4>\n\n\n\n<p>\u8cc7\u7522\u4ee3\u7528\u5e63\u5316\u662f\u6307\u900f\u904e\u5340\u584a\u93c8\u6280\u8853\uff0c\u5c07\u73fe\u5be6\u4e16\u754c\u4e2d\u6709\u50f9\u503c\u7684\u6709\u5f62\u6216\u7121\u5f62\u8cc7\u7522\uff08\u5982\u623f\u5730\u7522\u3001\u85dd\u8853\u54c1\u3001\u80a1\u7968\u3001\u50b5\u5238\u3001\u77e5\u8b58\u7522\u6b0a\u7b49\uff09\u8f49\u63db\u6210\u6578\u4f4d\u4ee3\u7528\u5e63\u7684\u904e\u7a0b\u3002\u9019\u4e9b\u4ee3\u5e63\u5728\u5340\u584a\u93c8\u4e0a\u767c\u884c\u3001\u8a18\u9304\u548c\u6d41\u901a\uff0c\u4ee3\u8868\u5c0d\u57fa\u790e\u8cc7\u7522\u7684\u90e8\u5206\u6216\u5168\u90e8\u6240\u6709\u6b0a\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5be6\u969b\u8cc7\u7522 (RWA)<\/h4>\n\n\n\n<p>RWA \u662f\u6307\u5b58\u5728\u65bc\u5340\u584a\u93c8\u4e4b\u5916\u4e14\u5177\u6709\u5be6\u969b\u7d93\u6fdf\u50f9\u503c\u7684\u8cc7\u7522\u3002\u9019\u4e9b\u8cc7\u7522\u53ef\u4ee5\u662f<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6709\u5f62\u8cc7\u7522\uff1a<\/strong> \u4e0d\u52d5\u7522\u3001\u85dd\u8853\u54c1\u3001\u6536\u85cf\u54c1\u3001\u8cb4\u91d1\u5c6c\uff08\u91d1\u3001\u9280\uff09\u3001\u8eca\u8f1b\u3001\u57fa\u790e\u8a2d\u65bd\u7b49\u3002<\/li>\n\n\n\n<li><strong>\u7121\u5f62\u8cc7\u7522\uff1a<\/strong> \u80a1\u7968\u3001\u50b5\u5238\u3001\u79c1\u52df\u80a1\u6b0a\u3001\u8cb8\u6b3e\u3001\u61c9\u6536\u5e33\u6b3e\u3001\u667a\u6167\u8ca1\u7522\uff08\u5c08\u5229\u3001\u7248\u6b0a\uff09\u3001\u78b3\u4fe1\u7528\u984d\u3001\u4fdd\u96aa\u5408\u7d04\u7b49\u3002<\/li>\n<\/ul>\n\n\n\n<p>RWA \u4ee3\u5e63\u5316\u4f5c\u70ba\u4e00\u500b\u91cd\u8981\u7684\u6a4b\u6881\uff0c\u5c07\u9019\u4e9b\u93c8\u5916\u8cc7\u7522\u5e36\u5165\u5340\u584a\u93c8\u751f\u614b\u7cfb\u7d71 (\u7279\u5225\u662f DeFi \u5167)\uff0c\u65e8\u5728\u91cb\u653e\u5176\u6d41\u52d5\u6027\uff0c\u4e26\u5275\u9020\u65b0\u7684\u91d1\u878d\u6a5f\u6703\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.2 \u8cc7\u7522\u4ee3\u7528\u5e63\u5316\u5982\u4f55\u904b\u4f5c<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u77ad\u89e3\u771f\u5be6\u4e16\u754c\u7684\u8cc7\u7522\u5982\u4f55\u900f\u904e\u5340\u584a\u93c8\u6620\u5c04\u70ba\u6578\u4f4d\u4ee3\u5e63\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/theexchain.com\/wp-content\/uploads\/2025\/06\/1749179270706-c199dcb9-ec5e-4c89-b2ea-dbf11dcf7fb4@1024x1024.png\" alt=\"\" class=\"wp-image-2809\" srcset=\"https:\/\/theexchain.com\/wp-content\/uploads\/2025\/06\/1749179270706-c199dcb9-ec5e-4c89-b2ea-dbf11dcf7fb4@1024x1024.png 1024w, https:\/\/theexchain.com\/wp-content\/uploads\/2025\/06\/1749179270706-c199dcb9-ec5e-4c89-b2ea-dbf11dcf7fb4@1024x1024-300x300.png 300w, https:\/\/theexchain.com\/wp-content\/uploads\/2025\/06\/1749179270706-c199dcb9-ec5e-4c89-b2ea-dbf11dcf7fb4@1024x1024-150x150.png 150w, https:\/\/theexchain.com\/wp-content\/uploads\/2025\/06\/1749179270706-c199dcb9-ec5e-4c89-b2ea-dbf11dcf7fb4@1024x1024-768x768.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u8cc7\u7522\u4ee3\u7528\u5316\u904e\u7a0b\u901a\u5e38\u5305\u542b\u4ee5\u4e0b\u6b65\u9a5f\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u8cc7\u7522\u9078\u64c7\u8207\u8a55\u4f30\uff1a<\/strong> \u8b58\u5225\u8981\u9032\u884c\u4ee3\u5e63\u5316\u7684\u8cc7\u7522\uff0c\u4e26\u9032\u884c\u50f9\u503c\u8a55\u4f30\u3001\u6240\u6709\u6b0a\u9a57\u8b49\u548c\u6cd5\u5f8b\u76e1\u8077\u8abf\u67e5\u3002<\/li>\n\n\n\n<li><strong>\u6cd5\u5f8b\u67b6\u69cb\u8a2d\u8a08\uff1a<\/strong> \u5efa\u7acb\u9069\u7576\u7684\u6cd5\u5f8b\u67b6\u69cb\u548c\u7279\u6b8a\u76ee\u7684\u5de5\u5177 (SPV)\uff0c\u4ee5\u78ba\u4fdd\u4ee3\u7528\u5e63\u6301\u6709\u8005\u5c0d\u57fa\u790e\u8cc7\u7522\u7684\u5408\u6cd5\u6b0a\u5229\u3002\u9019\u53ef\u80fd\u6d89\u53ca\u4fe1\u8a17\u3001\u57fa\u91d1\u6216\u5176\u4ed6\u6cd5\u5f8b\u67b6\u69cb\u3002<\/li>\n\n\n\n<li><strong>\u9078\u64c7\u5340\u584a\u93c8\u5e73\u53f0\u548c\u4ee3\u5e63\u6a19\u6e96\uff1a<\/strong> \u9078\u64c7\u5408\u9069\u7684\u5340\u584a\u93c8\u7db2\u8def (\u4f8b\u5982 Ethereum\u3001Polygon\u3001Solana) \u548c\u4ee3\u5e63\u6a19\u6e96 (\u4f8b\u5982\u53ef\u66ff\u4ee3\u4ee3\u5e63\u7684 ERC-20\u3001\u4e0d\u53ef\u66ff\u4ee3\u4ee3\u5e63\u7684 ERC-721 \u6216 ERC-1155 \u6216\u5c08\u9580\u7684\u5b89\u5168\u4ee3\u5e63\u6a19\u6e96)\u3002<\/li>\n\n\n\n<li><strong>\u667a\u6167\u578b\u5951\u7d04\u958b\u767c\uff1a<\/strong> \u5efa\u7acb\u667a\u6167\u578b\u5951\u7d04\uff0c\u4ee5\u5b9a\u7fa9\u4ee3\u5e63\u7684\u5c6c\u6027\u3001\u767c\u884c\u898f\u5247\u3001\u4ea4\u6613\u908f\u8f2f\u3001\u6b0a\u5229\u5206\u914d\uff08\u5982\u80a1\u5229\u3001\u79df\u91d1\u6536\u5165\uff09\uff0c\u4ee5\u53ca\u6f5b\u5728\u7684\u6cbb\u7406\u6a5f\u5236\u3002<\/li>\n\n\n\n<li><strong>\u8cc7\u7522\u4fdd\u7ba1\u548c\u9023\u63a5\uff1a<\/strong> \u5c07\u771f\u5be6\u4e16\u754c\u7684\u8cc7\u7522\u4ea4\u7531\u53ef\u9760\u7684\u4fdd\u7ba1\u6a5f\u69cb\u4fdd\u7ba1\uff08\u5982\u6709\u5fc5\u8981\uff09\uff0c\u4e26\u5efa\u7acb\u6a5f\u5236\u4ee5\u78ba\u4fdd\u93c8\u4e0a\u4ee3\u7528\u5e63\u8207\u93c8\u4e0b\u8cc7\u7522\u7684\u6b0a\u5229\u76f8\u9023\u4e26\u540c\u6b65\u3002<\/li>\n\n\n\n<li><strong>\u4ee3\u5e63\u767c\u884c\u8207\u5206\u914d\uff1a<\/strong> \u900f\u904e\u5b89\u5168\u4ee3\u5e63\u767c\u884c (STO) \u6216\u5176\u4ed6\u5408\u898f\u65b9\u6cd5\uff0c\u767c\u884c\u4ee3\u5e63\u4e26\u5206\u767c\u7d66\u5408\u683c\u6295\u8cc7\u4eba\u3002<\/li>\n\n\n\n<li><strong>\u4e8c\u7d1a\u5e02\u5834\u4ea4\u6613\uff1a<\/strong> \u4ee3\u5e63\u53ef\u5728\u5408\u898f\u4ea4\u6613\u6240\u6216 P2P \u5e73\u53f0\u4e0a\u4ea4\u6613\uff0c\u63d0\u4f9b\u6d41\u52d5\u6027\u3002<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\">\u667a\u6167\u5951\u7d04\u5728\u4ee3\u5e63\u5316\u4e2d\u7684\u89d2\u8272<\/h4>\n\n\n\n<p>\u667a\u6167\u5408\u7d04\u662f\u8cc7\u7522\u4ee3\u7528\u5316\u7684\u6838\u5fc3\u6280\u8853\u3002\u5b83\u5011\u53ef\u4ee5\u81ea\u52d5\u57f7\u884c\u8cc7\u7522\u76f8\u95dc\u689d\u6b3e\uff0c\u4f8b\u5982\u6240\u6709\u6b0a\u8f49\u8b93\u3001\u6536\u5165\u5206\u914d\u548c\u6295\u7968\u6b0a\uff0c\u6e1b\u5c11\u4eba\u5de5\u5e72\u9810\uff0c\u540c\u6642\u63d0\u9ad8\u6548\u7387\u548c\u900f\u660e\u5ea6\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u90e8\u5206\u64c1\u6709\u6b0a<\/h4>\n\n\n\n<p>\u4ee3\u5e63\u5316\u5141\u8a31\u9ad8\u50f9\u503c\u3001\u4e0d\u53ef\u5206\u5272\u7684\u8cc7\u7522\uff08\u5982\u623f\u5730\u7522\u6216\u5091\u4f5c\uff09\u5206\u5272\u6210\u8f03\u5c0f\u7684\u4ee3\u5e63\u80a1\u4efd\u3002\u9019\u80fd\u8b93\u66f4\u591a\u5c0f\u898f\u6a21\u7684\u6295\u8cc7\u8005\u53c3\u8207\uff0c\u964d\u4f4e\u6295\u8cc7\u9580\u6abb\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.3 \u8cc7\u7522\u4ee3\u7528\u5e63\u5316\u7684\u6838\u5fc3\u512a\u52e2<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u4e86\u89e3\u4ee3\u5e63\u5316\u5982\u4f55\u63d0\u9ad8\u8cc7\u7522\u7684\u6d41\u52d5\u6027\u548c\u53ef\u5f97\u6027\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u589e\u52a0\u8cc7\u7522\u6d41\u52d5\u6027\uff1a<\/strong> \u50b3\u7d71\u4e0a\u4e0d\u5177\u6d41\u52d5\u6027\u7684\u8cc7\u7522 (\u5982\u623f\u5730\u7522\u3001\u79c1\u52df\u80a1\u6b0a\u548c\u85dd\u8853\u54c1) \u53ef\u4ee5\u4ee3\u5e63\u5316\u6210\u8f03\u5c0f\u7684\u90e8\u5206\uff0c\u65b9\u4fbf\u5728\u5168\u7403\u4e8c\u7d1a\u5e02\u5834\u9032\u884c\u4ea4\u6613\uff0c\u5927\u5e45\u63d0\u9ad8\u6d41\u52d5\u6027\u3002<\/li>\n\n\n\n<li><strong>\u964d\u4f4e\u6295\u8cc7\u9580\u6abb\uff1a<\/strong> \u90e8\u5206\u6240\u6709\u6b0a\u53ef\u8b93\u8f03\u5c0f\u7684\u6295\u8cc7\u8005\u6295\u8cc7\u65bc\u9ad8\u50f9\u503c\u8cc7\u7522\uff0c\u64f4\u5927\u6295\u8cc7\u8005\u57fa\u790e\uff0c\u4f7f\u6295\u8cc7\u6a5f\u6703\u6c11\u4e3b\u5316\u3002<\/li>\n\n\n\n<li><strong>24\/7 \u4ea4\u6613\u53ef\u7528\u6027\uff1a<\/strong> \u4ee5\u5340\u584a\u93c8\u70ba\u57fa\u790e\u7684\u5e02\u5834\u53ef\u4ee5\u9023\u7e8c\u904b\u4f5c\uff0c\u4e0d\u53d7\u50b3\u7d71\u4ea4\u6613\u6240\u4ea4\u6613\u6642\u9593\u7684\u963b\u7919\uff0c\u63d0\u9ad8\u4ea4\u6613\u7684\u9748\u6d3b\u6027\u548c\u6548\u7387\u3002<\/li>\n\n\n\n<li><strong>\u964d\u4f4e\u4e2d\u4ecb\u6210\u672c\uff0c\u63d0\u9ad8\u6548\u7387\uff1a<\/strong> \u4ee3\u5e63\u5316\u548c\u667a\u6167\u5408\u7d04\u53ef\u4ee5\u81ea\u52d5\u5316\u50b3\u7d71\u8cc7\u7522\u4ea4\u6613\u4e2d\u7684\u8a31\u591a\u624b\u52d5\u6d41\u7a0b\uff08\u5982\u6e05\u7b97\u3001\u7d50\u7b97\u548c\u6240\u6709\u6b0a\u767b\u8a18\uff09\uff0c\u6e1b\u5c11\u5c0d\u9280\u884c\u3001\u7d93\u7d00\u5546\u548c\u5f8b\u5e2b\u7684\u4f9d\u8cf4\uff0c\u5f9e\u800c\u964d\u4f4e\u4ea4\u6613\u6210\u672c\u548c\u6642\u9593\u3002<\/li>\n\n\n\n<li><strong>\u589e\u52a0\u900f\u660e\u5ea6\u548c\u53ef\u9a57\u8b49\u6027\u529f\u80fd\uff1a<\/strong> \u6240\u6709\u6b0a\u8a18\u9304\u548c\u4ea4\u6613\u6b77\u53f2\u90fd\u8a18\u9304\u5728\u4e0d\u53ef\u8b8a\u66f4\u7684\u5340\u584a\u93c8\u4e0a\uff0c\u5141\u8a31\u4efb\u4f55\u4eba\uff08\u5728\u6b0a\u9650\u5167\uff09\u6aa2\u8996\u548c\u9a57\u8b49\uff0c\u63d0\u9ad8\u4e86\u5e02\u5834\u900f\u660e\u5ea6\u548c\u4fe1\u4efb\u5ea6\u3002<\/li>\n\n\n\n<li><strong>\u589e\u5f37\u7d44\u5408\u6027\uff1a<\/strong> \u4ee3\u5e63\u5316\u8cc7\u7522\u53ef\u4ee5\u66f4\u5bb9\u6613\u5730\u6574\u5408\u5230 DeFi \u901a\u8a0a\u5354\u5b9a\u4e2d\uff0c\u5275\u9020\u65b0\u7684\u91d1\u878d\u7522\u54c1\u548c\u670d\u52d9\uff0c\u4f8b\u5982\u4f7f\u7528\u4ee3\u5e63\u5316\u7684\u623f\u5730\u7522\u4f5c\u70ba\u8cb8\u6b3e\u7684\u62b5\u62bc\u54c1\u3002<\/li>\n\n\n\n<li><strong>\u64f4\u5927\u878d\u8cc7\u7ba1\u9053\uff1a<\/strong> \u70ba\u8cc7\u7522\u6240\u6709\u8005\u63d0\u4f9b\u65b0\u7684\u878d\u8cc7\u7ba1\u9053\uff0c\u63a5\u89f8\u66f4\u5ee3\u6cdb\u7684\u5168\u7403\u6295\u8cc7\u4eba\u3002<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.4 \u8cc7\u7522\u8a18\u5e33\u7684\u4e3b\u8981\u61c9\u7528\u9818\u57df<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u63a2\u7d22\u4ee3\u5e63\u5316\u5728\u4e0d\u540c\u8cc7\u7522\u985e\u5225\u7684\u5177\u9ad4\u61c9\u7528\u6848\u4f8b\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u623f\u5730\u7522\u4ee3\u7528\u5e63\u5316\uff1a<\/strong> \u5c07\u5546\u696d\u4e0d\u52d5\u7522\u3001\u4f4f\u5b85\u7269\u696d\u3001\u65c5\u9928\u7b49\u4ee3\u5e63\u5316\uff0c\u53ef\u8b93\u6295\u8cc7\u4eba\u8cfc\u8cb7\u90e8\u5206\u6240\u6709\u6b0a\uff0c\u4e26\u5206\u4eab\u79df\u91d1\u6536\u5165\u6216\u5347\u503c\u3002<\/li>\n\n\n\n<li><strong>\u80a1\u7968\u548c\u50b5\u5238\u7684\u4ee3\u5e63\u5316\uff08\u5b89\u5168\u4ee3\u5e63\uff09\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u7968\uff1a<\/strong> \u5c07\u516c\u53f8\u80a1\u6b0a\u4ee3\u5e63\u5316\u6709\u52a9\u65bc\u65b0\u5275\u516c\u53f8\u7684\u8cc7\u91d1\u52df\u96c6\u6216\u73fe\u6709\u80a1\u7968\u7684\u6d41\u901a\u3002<\/li>\n\n\n\n<li><strong>\u50b5\u5238\uff1a<\/strong> \u4f8b\u5982\uff0c\u83f2\u5f8b\u8cd3\u5df2\u63a8\u52d5\u653f\u5e9c\u50b5\u5238\u7684\u4ee3\u5e63\u5316\uff0c\u4ee5\u63d0\u9ad8\u767c\u884c\u6548\u7387\u548c\u5e02\u5834\u900f\u660e\u5ea6\u3002\u516c\u53f8\u50b5\u5238\u4e5f\u53ef\u4ee5\u4ee3\u5e63\u5316\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u85dd\u8853\u8207\u6536\u85cf\u54c1\u4ee3\u5e63\u5316\uff1a<\/strong> \u5c07\u5091\u4f5c\u3001\u53e4\u8463\u3001\u5962\u4f88\u54c1\uff08\u5982\u624b\u9336\uff09\u4ee3\u5e63\u5316\uff0c\u53ef\u8b93\u6295\u8cc7\u4eba\u5171\u540c\u64c1\u6709\u9ad8\u50f9\u503c\u7684\u6536\u85cf\u54c1\uff0c\u6216\u70ba\u85dd\u8853\u5bb6\u63d0\u4f9b\u65b0\u7684\u878d\u8cc7\u8207\u8ca8\u5e63\u5316\u9078\u64c7\u3002<\/li>\n\n\n\n<li><strong>\u8cb4\u91d1\u5c6c\u8207\u5546\u54c1\u4ee3\u5e63\u5316\uff1a<\/strong> \u4f8b\u5982\uff0c\u5c07\u9ec3\u91d1\u4ee3\u7528\u5e63\u5316\uff08\u5982 PAXG\uff09\uff0c\u6bcf\u500b\u4ee3\u7528\u5e63\u4ee3\u8868\u4e00\u5b9a\u6578\u91cf\u7684\u5be6\u9ad4\u9ec3\u91d1\u6240\u6709\u6b0a\uff0c\u65b9\u4fbf\u4ea4\u6613\u548c\u5132\u5b58\u3002<\/li>\n\n\n\n<li><strong>\u57fa\u91d1\u80a1\u4efd\u4ee3\u5e63\u5316\uff1a<\/strong> \u79c1\u52df\u80a1\u6b0a\u3001\u98a8\u96aa\u8cc7\u672c\u6216\u5c0d\u6c96\u57fa\u91d1\u7684\u4ee3\u5e63\u5316\u80a1\u4efd\u53ef\u63d0\u9ad8\u5176\u6d41\u52d5\u6027\u548c\u53ef\u8f49\u8b93\u6027\u3002<\/li>\n\n\n\n<li><strong>\u667a\u6167\u8ca1\u7522\u6b0a\u4ee3\u5e63\u5316\uff1a<\/strong> \u5c07\u97f3\u6a02\u7248\u6b0a\u8cbb\u3001\u5c08\u5229\u6b0a\u3001\u96fb\u5f71\u6b0a\u7b49\u4ee3\u78bc\u5316\uff0c\u53ef\u4ee5\u9032\u884c\u878d\u8cc7\u6216\u6536\u5165\u5206\u4eab\u3002<\/li>\n\n\n\n<li><strong>\u78b3\u4fe1\u7528\u4ee3\u5e63\u5316\uff1a<\/strong> \u5c07\u78b3\u6392\u653e\u914d\u984d\u6216\u6e1b\u91cf\u4ee3\u5e63\u5316\u53ef\u4ee5\u4fc3\u9032\u78b3\u5e02\u5834\u7684\u6d41\u52d5\u6027\u548c\u900f\u660e\u5ea6\u3002<\/li>\n\n\n\n<li><strong>\u61c9\u6536\u5e33\u6b3e\u8207\u4f9b\u61c9\u93c8\u878d\u8cc7\uff1a<\/strong> \u516c\u53f8\u53ef\u5c07\u61c9\u6536\u5e33\u6b3e\u4ee3\u5e63\u5316\u4ee5\u9032\u884c\u878d\u8cc7\uff0c\u6539\u5584\u73fe\u91d1\u6d41\u3002<\/li>\n\n\n\n<li><strong>\u8fb2\u7522\u54c1\u62b5\u62bc\u8cb8\u6b3e\uff1a<\/strong> \u4f8b\u5982\uff0c\u4e00\u5bb6\u897f\u73ed\u7259\u9280\u884c\u8207\u5340\u584a\u93c8\u5408\u4f5c\uff0c\u5c07\u8fb2\u7522\u54c1\uff08\u5982\u7389\u7c73\u6536\u6210\u6b0a\uff09\u4ee3\u5e63\u5316\uff0c\u4f5c\u70ba\u4fe1\u8cb8\u62b5\u62bc\u54c1\uff0c\u652f\u63f4\u8fb2\u6c11\u7684\u8cc7\u91d1\u9700\u6c42\u3002<\/li>\n\n\n\n<li><strong>Stablecoins\uff1a<\/strong> Stablecoins \u672c\u8eab\u5c31\u662f RWA \u4ee3\u5e63\u5316\u7684\u6210\u529f\u7bc4\u4f8b\uff0c\u5c07\u7f8e\u5143\u7b49\u6cd5\u5b9a\u8cc7\u7522\u4ee3\u5e63\u5316\uff0c\u4e26\u5c07\u5176\u5e36\u5165\u5340\u584a\u93c8\u3002<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.5 \u4ee3\u5e63\u5316\u8cc7\u7522\u5728 DeFi \u7684\u61c9\u7528<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u77ad\u89e3 RWA \u5982\u4f55\u8207\u5206\u6563\u5f0f\u878d\u8cc7 (DeFi) \u6574\u5408\u3002<\/p>\n\n\n\n<p>\u5c07\u771f\u5be6\u4e16\u754c\u8cc7\u7522 (RWA) \u5e36\u5165\u5206\u6563\u5f0f\u91d1\u878d (DeFi) \u662f\u5340\u584a\u93c8\u7522\u696d\u7684\u91cd\u8981\u8da8\u52e2\uff0c\u65e8\u5728\u5c07\u50b3\u7d71\u91d1\u878d\u5e02\u5834\u8207\u65b0\u8208\u7684 DeFi \u751f\u614b\u7cfb\u7d71\u9023\u63a5\u8d77\u4f86\u3002RWA \u5728 DeFi \u4e2d\u7684\u4e3b\u8981\u61c9\u7528\u5305\u62ec\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>RWAs \u4f5c\u70ba\u8cb8\u6b3e\u62b5\u62bc\u54c1\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>DeFi \u501f\u8cb8\u5354\u8b70\uff08\u5982 MakerDAO\u3001Aave\u3001Compound\uff09\u958b\u59cb\u63a2\u7d22\u63a5\u53d7\u4ee3\u5e63\u5316 RWA\uff08\u5982\u4ee3\u5e63\u5316\u623f\u5730\u7522\u3001\u570b\u5eab\u5238\u3001\u61c9\u6536\u5e33\u6b3e\uff09\u4f5c\u70ba\u62b5\u62bc\u54c1\uff0c\u4ee5\u501f\u51fa\u7a69\u5b9a\u5e63\u6216\u5176\u4ed6\u52a0\u5bc6\u8cc7\u7522\u3002<\/li>\n\n\n\n<li>\u9019\u64f4\u5927\u4e86 DeFi \u5354\u8b70\u53ef\u63a5\u53d7\u7684\u62b5\u62bc\u54c1\u7bc4\u570d\uff0c\u6e1b\u5c11\u5c0d\u7d14\u7cb9\u52a0\u5bc6\u8cc7\u7522\u7684\u4f9d\u8cf4\uff0c\u4e26\u70ba RWA \u6301\u6709\u4eba\u63d0\u4f9b\u65b0\u7684\u878d\u8cc7\u7ba1\u9053\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u57fa\u65bc RWA \u7684\u6536\u76ca\u7387\u7522\u54c1\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u6839\u64da RWA \u73fe\u91d1\u6d41\uff08\u5982\u79df\u91d1\u3001\u8cb8\u6b3e\u5229\u606f\uff09\u5275\u5efa\u7d50\u69cb\u6027\u7522\u54c1\u6216\u8a08\u606f\u4ee3\u5e63\uff0c\u53ef\u70ba DeFi \u6295\u8cc7\u8005\u63d0\u4f9b\u8207\u52a0\u5bc6\u5e02\u5834\u76f8\u95dc\u6027\u8f03\u4f4e\u7684\u7a69\u5b9a\u6536\u5165\u4f86\u6e90\u3002<\/li>\n\n\n\n<li>\u4f8b\u5982\uff0c\u6346\u7d81\u53ef\u7522\u751f\u7a69\u5b9a\u73fe\u91d1\u6d41\u7684\u4ee3\u5e63\u5316 RWA\uff08\u5982\u77ed\u671f\u4f01\u696d\u8cb8\u6b3e\uff09\uff0c\u4f9b DeFi \u4f7f\u7528\u8005\u6295\u8cc7\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u9023\u63a5\u50b3\u7d71\u91d1\u878d\u8207 DeFi\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>RWA \u4ee3\u5e63\u5316\u6709\u52a9\u65bc\u5c07\u50b3\u7d71\u91d1\u878d\u5e02\u5834\u7684\u5927\u91cf\u6d41\u52d5\u6027\u548c\u8cc7\u7522\u985e\u5225\u5e36\u5165 DeFi\uff0c\u70ba DeFi \u63d0\u4f9b\u66f4\u5ee3\u6cdb\u7684\u61c9\u7528\u5834\u666f\u548c\u66f4\u53ef\u6301\u7e8c\u7684\u589e\u9577\u3002<\/li>\n\n\n\n<li>\u76f8\u53cd\u5730\uff0cDeFi \u7684\u6548\u7387\u548c\u900f\u660e\u5ea6\u4e5f\u80fd\u70ba\u50b3\u7d71 RWA \u5e02\u5834\u5e36\u4f86\u5275\u65b0\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>RWA \u652f\u6301\u7684\u7a33\u5b9a\u5e01\uff1a<\/strong> \u9664\u4e86\u6cd5\u5e63\u548c\u52a0\u5bc6\u8cc7\u7522\u4e4b\u5916\uff0cRWA \u4e5f\u53ef\u4ee5\u4f5c\u70ba\u7a69\u5b9a\u5e63\u7684\u62b5\u62bc\u54c1\uff0c\u63d0\u4f9b\u66f4\u591a\u5143\u7684\u7a69\u5b9a\u5e63\u9078\u64c7\u3002<\/li>\n\n\n\n<li><strong>RWAs \u7684\u6d41\u52d5\u8cc7\u91d1\u6c60\u548c\u505a\u5e02\u5546\uff1a<\/strong> \u5728 DEX \u4e0a\u5efa\u7acb RWA \u4ee3\u5e63\u7684\u6d41\u52d5\u8cc7\u91d1\u6c60\uff0c\u53ef\u8b93\u4f7f\u7528\u8005\u4ea4\u6613\u9019\u4e9b\u8cc7\u7522\uff0c\u4e26\u70ba\u6d41\u52d5\u8cc7\u91d1\u63d0\u4f9b\u8005\u5275\u9020\u56de\u5831\u3002<\/li>\n<\/ol>\n\n\n\n<p>\u7136\u800c\uff0cRWA \u5728 DeFi \u4e2d\u7684\u61c9\u7528\u4e5f\u9762\u81e8\u6311\u6230\uff0c\u4f8b\u5982\u8cc7\u7522\u4f30\u503c\u3001\u6cd5\u5f8b\u6b0a\u5229\u3001\u8a17\u7ba1\u3001\u6e05\u7b97\u6a5f\u5236\u7684\u8907\u96dc\u6027\uff0c\u4ee5\u53ca\u78ba\u4fdd\u93c8\u5916\u8cc7\u7522\u8207\u93c8\u4e0a\u4ee3\u7528\u5e63\u4e4b\u9593\u7684\u53ef\u4fe1\u9023\u63a5\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.6 \u8cc7\u7522\u4ee3\u7528\u6b0a\u7684\u6311\u6230\u8207\u98a8\u96aa<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u8b58\u5225\u4ee3\u5e63\u5316\u904e\u7a0b\u4e2d\u7684\u4e3b\u8981\u6cd5\u5f8b\u3001\u6cd5\u898f\u548c\u6280\u8853\u98a8\u96aa\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u6cd5\u5f8b\u6b0a\u5229\u548c\u6240\u6709\u6b0a\u5b9a\u7fa9\u554f\u984c\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u78ba\u4fdd\u93c8\u4e0a\u4ee3\u7528\u5e63\u771f\u6b63\u4ee3\u8868\u93c8\u4e0b\u5be6\u9ad4\u8cc7\u7522\u7684\u5408\u6cd5\u6240\u6709\u6b0a\u6216\u6b0a\u5229\u662f\u6700\u5927\u7684\u6311\u6230\u4e4b\u4e00\u3002\u4e0d\u540c\u7684\u53f8\u6cd5\u7ba1\u8f44\u5340\u5c0d\u6b64\u6709\u4e0d\u540c\u7684\u6cd5\u5f8b\u898f\u5b9a\u3002<\/li>\n\n\n\n<li>\u4ee3\u5e63\u6301\u6709\u8005\u7684\u6b0a\u5229 (\u4f8b\u5982\u6295\u7968\u6b0a\u3001\u6536\u76ca\u5206\u914d\u6b0a\u3001\u8d16\u56de\u6b0a) \u9700\u8981\u660e\u78ba\u754c\u5b9a\u4e26\u53d7\u5230\u6cd5\u5f8b\u4fdd\u8b77\u3002<\/li>\n\n\n\n<li>\u7279\u5225\u662f\u5c0d\u65bc NFT \u85dd\u8853\u54c1\u548c\u5be6\u7269\u8cc7\u7522\u7684\u6240\u6709\u6b0a\u800c\u8a00\uff0c\u5728\u7834\u7522\u60c5\u6cc1\u4e0b\u8655\u7406\u8cc7\u7522\u7684\u6cd5\u5f8b\u6846\u67b6\u4ecd\u7136\u767c\u5c55\u4e0d\u8db3\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u5168\u7403\u6cd5\u898f\u653f\u7b56\u7684\u4e0d\u78ba\u5b9a\u6027\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8cc7\u7522\u4ee3\u7528\u5316 (\u5c24\u5176\u662f\u8b49\u5238) \u53d7\u5230\u5404\u570b\u8b49\u5238\u6cd5\u548c\u91d1\u878d\u6cd5\u898f\u7684\u56b4\u683c\u76e3\u7ba1\u3002\u76ee\u524d\uff0c\u5168\u7403\u7f3a\u4e4f\u7d71\u4e00\u7684\u76e3\u7ba1\u6a19\u6e96\u3002<\/li>\n\n\n\n<li>\u76e3\u7ba1\u6a5f\u69cb\u4ecd\u5728\u63a2\u7d22\u4ee3\u5e63\u662f\u5426\u69cb\u6210\u8b49\u5238\u3001\u5982\u4f55\u9032\u884c KYC\/AML \u4ee5\u53ca\u7a05\u52d9\u8655\u7406\u3002FATF \u548c IOSCO \u7b49\u570b\u969b\u7d44\u7e54\u5617\u8a66\u5236\u5b9a\u6307\u5f15\uff0c\u4f46\u5404\u570b\u7684\u5be6\u65bd\u60c5\u6cc1\u4e0d\u76e1\u76f8\u540c\u3002<\/li>\n\n\n\n<li>\u76e3\u7ba1\u653f\u7b56\u7684\u8b8a\u66f4\u53ef\u80fd\u5c0d\u73fe\u6709\u7684\u4ee3\u5e63\u5316\u5c08\u6848\u9020\u6210\u91cd\u5927\u5f71\u97ff\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u50b3\u7d71\u91d1\u878d\u9ad4\u7cfb\u7684\u969c\u7919\u548c\u6163\u6027\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u50b3\u7d71\u91d1\u878d\u6a5f\u69cb\u63a5\u53d7\u65b0\u6280\u8853\u7684\u901f\u5ea6\u53ef\u80fd\u8f03\u6162\uff0c\u53ef\u80fd\u9762\u81e8\u8207\u4ee3\u5e63\u5316\u8cc7\u7522\u7684\u76f8\u5bb9\u6027\u554f\u984c\u3002<\/li>\n\n\n\n<li>\u9ad8\u6602\u7684\u5408\u898f\u6210\u672c\u548c\u65e2\u6709\u7684\u5e02\u5834\u7d50\u69cb\u53ef\u80fd\u6703\u963b\u7919\u4ee3\u5e63\u5316\u7684\u63a8\u5ee3\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u667a\u6167\u5951\u7d04\u6f0f\u6d1e\u8207\u5e73\u53f0\u98a8\u96aa\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7528\u65bc\u767c\u884c\u548c\u7ba1\u7406\u4ee3\u5e63\u5316\u8cc7\u7522\u7684\u667a\u6167\u5408\u7d04\u53ef\u80fd\u5305\u542b\u7a0b\u5f0f\u6f0f\u6d1e\uff0c\u99ed\u5ba2\u53ef\u80fd\u6703\u5229\u7528\u9019\u4e9b\u6f0f\u6d1e\uff0c\u5c0e\u81f4\u8cc7\u7522\u640d\u5931\u3002<\/li>\n\n\n\n<li>\u4ee3\u5e63\u767c\u884c\u5e73\u53f0\u3001\u4ea4\u6613\u6240\u6216\u4fdd\u7ba1\u4eba\u7684\u5b89\u5168\u6027\u4e5f\u5f88\u91cd\u8981\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u8cc7\u7522\u8a55\u4f30\u8207\u5b9a\u50f9\u7684\u8907\u96dc\u6027\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6e96\u78ba\u8a55\u4f30\u7368\u7279\u7684 RWA\uff08\u5982\u85dd\u8853\u54c1\u6216\u79c1\u52df\u80a1\u6b0a\uff09\u4e26\u5728\u4e8c\u7d1a\u5e02\u5834\u4e2d\u5f62\u6210\u516c\u5e73\u7684\u50f9\u683c\u53ef\u80fd\u6975\u5177\u6311\u6230\u6027\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u6d41\u52d5\u8cc7\u91d1\u554f\u984c\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u96d6\u7136\u4ee3\u5e63\u5316\u65e8\u5728\u63d0\u9ad8\u6d41\u52d5\u6027\uff0c\u4f46\u5982\u679c\u5e02\u5834\u53c3\u8207\u8005\u4e0d\u8db3\u6216\u4ee3\u5e63\u8a2d\u8a08\u4e0d\u4f73\uff0c\u67d0\u4e9b\u4ee3\u5e63\u5316\u8cc7\u7522\u7684\u5be6\u969b\u6d41\u52d5\u6027\u53ef\u80fd\u4ecd\u7136\u6709\u9650\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">DeFi \u751f\u614b\u7cfb\u7d71\u5167\u56fa\u6709\u98a8\u96aa\u7684\u50b3\u64ad\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5982\u679c RWA \u7d0d\u5165 DeFi \u901a\u8a0a\u5354\u5b9a\uff0c\u5b83\u5011\u4e5f\u53ef\u80fd\u53d7\u5230 DeFi \u56fa\u6709\u98a8\u96aa\u7684\u5f71\u97ff\uff0c\u4f8b\u5982\u901a\u8a0a\u5354\u5b9a\u6f0f\u6d1e\u3001\u99ed\u5ba2\u653b\u64ca\u548c\u6cbb\u7406\u5931\u6557\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u64cd\u4f5c\u8907\u96dc\u6027\u8207\u4f7f\u7528\u8005\u6559\u80b2\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5c0d\u65bc\u666e\u901a\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u77ad\u89e3\u548c\u53c3\u8207\u8cc7\u7522\u4ee3\u7528\u5316\u4ecd\u53ef\u80fd\u5b58\u5728\u4e00\u5b9a\u7684\u969c\u7919\u3002<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#443ddf\">5.7 \u8cc7\u7522\u4ee3\u7528\u5316\u7684\u767c\u5c55\u8da8\u52e2\u8207\u5e02\u5834\u524d\u666f<\/h2>\n\n\n\n<p><strong>\u5b78\u7fd2\u76ee\u6a19\uff1a<\/strong> \u77ad\u89e3\u5e02\u5834\u9810\u6e2c\u3001\u6a5f\u69cb\u53c3\u8207\u53ca\u672a\u4f86\u767c\u5c55\u65b9\u5411\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5de8\u5927\u7684\u5e02\u5834\u6f5b\u529b\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u96d6\u7136\u76ee\u524d\u7684 RWA \u4ee3\u5e63\u5316\u5e02\u5834\u4ecd\u8655\u65bc\u65e9\u671f\u968e\u6bb5 (\u4f30\u503c\u6578\u5341\u5104\u7f8e\u5143)\uff0c\u4f46\u8a31\u591a\u7814\u7a76\u6a5f\u69cb\u548c\u7522\u696d\u5c08\u5bb6\u9810\u6e2c\u672a\u4f86\u5c07\u6709\u986f\u8457\u7684\u6210\u9577\u6f5b\u529b\u3002\u4f8b\u5982\uff0c\u6ce2\u58eb\u9813\u8aee\u8a62\u96c6\u5718 (BCG) \u4f30\u8a08\uff0c\u5230 2030 \u5e74\uff0c\u4ee3\u5e63\u5316\u8cc7\u7522\u5e02\u5834\u53ef\u80fd\u6703\u9054\u5230 $16 \u5146\u7f8e\u5143\uff0c\u6210\u70ba\u5340\u584a\u93c8\u7522\u696d\u6700\u91cd\u8981\u7684\u589e\u9577\u5f15\u64ce\u4e4b\u4e00\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u50b3\u7d71\u91d1\u878d\u6a5f\u69cb\u7684\u7a4d\u6975\u53c3\u8207\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u773e\u591a\u83ef\u723e\u8857\u5de8\u982d\u548c\u5927\u578b\u91d1\u878d\u6a5f\u69cb\uff08\u5982\u8c9d\u840a\u5fb7\u3001\u6469\u6839\u5927\u901a\u3001\u82b1\u65d7\u96c6\u5718\u3001\u9ad8\u76db\u3001\u5bcc\u862d\u514b\u6797\u9127\u666e\u9813\u7b49\uff09\u5df2\u958b\u59cb\u7a4d\u6975\u63a2\u7d22\u6216\u53c3\u8207 RWA \u4ee3\u5e63\u5316\u3002\u4ed6\u5011\u53ef\u80fd\u6703\u63a8\u51fa\u4ee3\u5e63\u5316\u57fa\u91d1\u7522\u54c1\u3001\u5efa\u7acb RWA \u4ea4\u6613\u5e73\u53f0\uff0c\u6216\u6295\u8cc7\u76f8\u95dc\u79d1\u6280\u516c\u53f8\uff0c\u5c07\u50b3\u7d71\u91d1\u878d\u8cc7\u7522\u548c\u6d41\u52d5\u6027\u5e36\u5165\u5340\u584a\u93c8\uff0c\u540c\u6642\u5229\u7528\u5340\u584a\u93c8\u6280\u8853\u63d0\u5347\u6548\u7387\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u9010\u6b65\u5b8c\u5584\u6cd5\u5f8b\u548c\u6cd5\u898f\u6846\u67b6\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u96a8\u8457\u5e02\u5834\u7684\u767c\u5c55\u548c\u6a5f\u69cb\u7684\u53c3\u8207\uff0c\u76e3\u7ba1\u6a5f\u69cb\u6b63\u5728\u52a0\u901f\u5236\u5b9a\u66f4\u6e05\u6670\u7684\u6cd5\u5f8b\u548c\u76e3\u7ba1\u6846\u67b6\uff0c\u4ee5\u898f\u7bc4 RWA \u4ee3\u5e63\u5316\u5e02\u5834\u3001\u4fdd\u8b77\u6295\u8cc7\u8005\u6b0a\u76ca\u548c\u4fc3\u9032\u5275\u65b0\u3002\u5118\u7ba1\u77ed\u671f\u5167\u4ecd\u5b58\u5728\u4e0d\u78ba\u5b9a\u6027\uff0c\u4f46\u9577\u671f\u8da8\u52e2\u662f\u5efa\u7acb\u66f4\u660e\u78ba\u3001\u66f4\u53cb\u5584\u7684\u76e3\u7ba1\u74b0\u5883\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u6301\u7e8c\u7684\u6280\u8853\u9032\u6b65\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5340\u584a\u93c8\u6280\u8853\u7684\u53ef\u64f4\u5c55\u6027\u3001\u5b89\u5168\u6027\u548c\u4e92\u64cd\u4f5c\u6027\u6b63\u5728\u4e0d\u65b7\u6539\u9032\u3002<\/li>\n\n\n\n<li>\u667a\u6167\u5951\u7d04\u7684\u529f\u80fd\u8d8a\u4f86\u8d8a\u5f37\u5927\uff0c\u4e5f\u8d8a\u4f86\u8d8a\u6a19\u6e96\u5316\u3002<\/li>\n\n\n\n<li>\u652f\u63f4\u6027\u57fa\u790e\u67b6\u69cb\uff0c\u4f8b\u5982\u53e3\u4ee4\u724c\u3001\u5206\u6563\u5f0f\u8eab\u5206\u8b58\u5225 (DID) \u548c\u96b1\u79c1\u6b0a\u4fdd\u8b77\u6280\u8853\u4e5f\u5728\u767c\u5c55\u4e2d\uff0c\u70ba RWA \u4ee4\u724c\u5316\u63d0\u4f9b\u66f4\u597d\u7684\u652f\u63f4\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u61c9\u7528\u5834\u666f\u7684\u64f4\u5c55\u8207\u6df1\u5316\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>RWA \u4ee3\u5e63\u5316\u7684\u672a\u4f86\u61c9\u7528\u5c07\u9010\u6f38\u5f9e\u76ee\u524d\u7684\u91d1\u878d\u8cc7\u7522 (\u5982\u50b5\u5238\u3001\u57fa\u91d1) \u64f4\u5c55\u5230\u66f4\u5ee3\u6cdb\u7684\u5be6\u9ad4\u8cc7\u7522\u548c\u7121\u5f62\u8cc7\u7522\u3002\u6b64\u5916\uff0cRWA \u8207 DeFi \u7684\u6574\u5408\u4e5f\u5c07\u6df1\u5316\uff0c\u50ac\u751f\u51fa\u66f4\u591a\u5275\u65b0\u7684\u91d1\u878d\u7522\u54c1\u548c\u670d\u52d9\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u6a19\u6e96\u5316\u8207\u6539\u5584\u4e92\u64cd\u4f5c\u6027\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u696d\u754c\u5c07\u9010\u6b65\u5f62\u6210\u66f4\u7d71\u4e00\u7684\u4ee3\u5e63\u6a19\u6e96\u3001\u6cd5\u5f8b\u5354\u8b70\u548c\u4f5c\u696d\u6d41\u7a0b\uff0c\u4ee5\u4fc3\u9032 RWA \u5728\u4e0d\u540c\u5e73\u53f0\u548c\u53f8\u6cd5\u7ba1\u8f44\u5340\u4e4b\u9593\u7684\u4e92\u901a\u6027\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Web3 \u6280\u8853\u7684\u4f5c\u7528\uff1a<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Web3 \u7684\u6838\u5fc3\u6280\u8853\uff0c\u5982\u53ef\u7de8\u7a0b\u8ca8\u5e63\u3001\u667a\u6167\u5408\u7d04\u548c DAO\uff0c\u5c07\u9032\u4e00\u6b65\u63a8\u52d5\u8cc7\u7522\u4ee3\u7528\u5316\u5728\u652f\u4ed8\u3001\u501f\u8cb8\u3001\u57fa\u91d1\u7ba1\u7406\u3001\u4f9b\u61c9\u93c8\u91d1\u878d\u7b49\u9818\u57df\u7684\u591a\u5143\u5316\u61c9\u7528\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u7e3d\u800c\u8a00\u4e4b\uff0c\u8cc7\u7522\u4ee3\u7528\u5316\u88ab\u8996\u70ba\u9023\u63a5\u50b3\u7d71\u91d1\u878d\u8207\u6578\u4f4d\u8cc7\u7522\u4e16\u754c\u7684\u91cd\u8981\u6a4b\u6a11\uff0c\u6e96\u5099\u91cd\u5851\u5168\u7403\u8cc7\u672c\u5e02\u5834\u7684\u904b\u4f5c\u3002\u5118\u7ba1\u9762\u81e8\u6311\u6230\uff0c\u5176\u5de8\u5927\u7684\u6f5b\u529b\u548c\u6a5f\u69cb\u7684\u7a4d\u6975\u53c3\u8207\u9810\u793a\u8457\u672a\u4f86\u5145\u6eff\u6a5f\u6703\u3002<\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>5.1 Concept of Asset Tokenization and Real World Assets (RWA) Learning Objective: Define asset tokenization and what Real World Assets (RWA) are. Evolution of Asset Digitization Asset tokenization is a crucial stage in the asset digitization process. Traditionally, asset ownership was recorded on paper documents or centralized databases. The emergence of blockchain technology allows assets [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2752","post","type-post","status-publish","format-standard","hentry","category-academy"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/2752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/comments?post=2752"}],"version-history":[{"count":5,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/2752\/revisions"}],"predecessor-version":[{"id":2810,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/2752\/revisions\/2810"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/media?parent=2752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/categories?post=2752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/tags?post=2752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}