{"id":731,"date":"2025-03-06T07:53:19","date_gmt":"2025-03-05T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=731"},"modified":"2025-03-06T07:53:19","modified_gmt":"2025-03-05T23:53:19","slug":"rwa%e7%9a%84%e6%9c%ba%e4%bc%9a%ef%bc%8c%e4%bd%a0%e7%9c%8b%e6%b8%85%e4%ba%86%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=731","title":{"rendered":"RWA\u7684\u673a\u4f1a\uff0c\u4f60\u770b\u6e05\u4e86\u5417\uff1f"},"content":{"rendered":"
\u4ece Dune Analytics \u7684\u6570\u636e\u4e0a\u770b\uff0cRWA \u5df2\u7ecf\u6210\u4e3a\u9664 meme \u5916\uff0c\u8fc7\u53bb 3 \u4e2a\u6708\u552f\u4e00\u5b9e\u73b0\u4e0a\u6da8\u7684\u52a0\u5bc6\u53d9\u4e8b\u3002\u5728\u5e02\u573a\u6574\u4f53\u9677\u5165\u505c\u6ede\u7684\u73af\u5883\u4e0b\uff0c\u8fd9\u4e00\u8868\u73b0\u5f15\u8d77\u4e86\u6211\u4eec\u7684\u5173\u6ce8\u3002\u5b9e\u9645\u4e0a\uff0c\u81ea\u53bb\u5e74 6 \u6708\u4ee5\u6765\uff0c\u5173\u4e8e RWA \u7684\u58f0\u97f3\u5c31\u4e00\u76f4\u6b64\u8d77\u5f7c\u4f0f\uff0c\u5728\u8d1d\u83b1\u5fb7\u63a8\u51fa BUIDL \u94fe\u4e0a\u57fa\u91d1\u540e\uff0c\u8fd9\u4e2a\u53d9\u4e8b\u88ab\u5f7b\u5e95\u70b9\u71c3\u3002<\/p>\n \u5728\u52a0\u5bc6\u9886\u57df\uff0cRWA \u5df2\u7ecf\u662f\u4e00\u4e2a\u300c\u88ab\u8bb2\u70c2\u4e86\u7684\u6545\u4e8b\u300d\u3002\u5c3d\u7ba1 RWA 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\u5217\u4e3a\u62b5\u62bc\u54c1\uff0c\u4ee5\u6c42\u95f4\u63a5\u83b7\u5f97\u5bf9\u7f8e\u503a\u7684\u6760\u6746\u655e\u53e3\u3002DAI \u6447\u8eab\u4e00\u53d8\uff0c\u4ece\u6d41\u52a8\u6027\u4ea7\u54c1\u6210\u4e3a DeFi \u4e16\u754c\u7684\u300c\u6536\u76ca\u4e50\u9ad8\u300d\uff0c\u4efb\u4f55\u60f3\u8981\u83b7\u5f97 RWA \u655e\u53e3\u7684\u534f\u8bae\uff0c\u90fd\u53ef\u4ee5\u57fa\u4e8e DAI \u6253\u9020\u81ea\u5df1\u7684\u53ef\u6301\u7eed\u6536\u76ca\uff0cMakerDAO \u6cbb\u7406\u4ee3\u5e01\u6301\u6709\u4eba\u4e5f\u5f00\u59cb\u51fa\u73b0\u5927\u91cf\u8d44\u91d1\u6d41\u5165\uff0cMKR \u5355\u6708\u6da8\u5e45\u8d85 35%\uff0c\u6210\u4e3a\u5e02\u573a\u4e0a\u8868\u73b0\u6700\u597d\u7684\u4ee3\u5e01\u4e4b\u4e00\u3002<\/p>\n MakerDAO \u5728 RWA \u9886\u57df\u7684\u6210\u529f\u63a2\u7d22\uff0c\u6380\u8d77\u4e86\u884c\u4e1a\u53c8\u4e00\u6b21 RWA \u70ed\u6f6e\u3002\u540c\u6837\u662f 6 \u6708\uff0cCompound \u521b\u59cb\u4eba\u5ba3\u5e03\u4e86\u81ea\u5df1\u521b\u7acb\u7684\u65b0\u516c\u53f8 Superstate\uff0c\u4e13\u95e8\u8d1f\u8d23\u5c06\u503a\u5238\u7b49\u8d44\u4ea7\u5e26\u5230\u94fe\u4e0a\uff0c\u4e3a\u6f5c\u5728\u5ba2\u6237\u63d0\u4f9b\u6bd4\u80a9\u73b0\u5b9e\u4e16\u754c\u7684\u6536\u76ca\u3002\u6d88\u606f\u516c\u5e03\u540e\uff0cCOMP \u4ee3\u5e01\u4ef7\u683c 24 \u5c0f\u65f6\u4e0a\u6da8\u5e45\u5ea6\u8d85 23%\u3002\u6b64\u540e\uff0cOndo Finance\u3001Matrixdoc \u7b49\u534f\u8bae\u4e5f\u7eb7\u7eb7\u5f00\u59cb\u5176\u5728\u7f8e\u503a\u4ee3\u5e01\u5316\u9886\u57df\u7684\u63a2\u7d22\u3002<\/p>\n \u300c\u6b63\u89c4\u519b\u300d\u7684\u9f7f\u8f6e\u5728\u8f6c\u52a8<\/strong><\/p>\n \u53bb\u5e74 6 \u6708\uff0c\u5168\u7403\u89c4\u6a21\u6700\u5927\u7684\u8d44\u7ba1\u96c6\u56e2\u8d1d\u83b1\u5fb7\u901a\u8fc7\u5b50\u516c\u53f8 iShares \u5411\u7f8e SEC \u63d0\u4ea4\u4e86\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u7684\u6587\u4ef6\u7533\u8bf7\uff0c\u65b0\u4e00\u8f6e\u52a0\u5bc6\u725b\u5e02\u968f\u5373\u5f00\u542f\u3002\u81ea\u4eca\u5e74 1 \u6708\u63a8\u51fa\u4ee5\u6765\uff0cIBIT \u4e0d\u65ad\u521b\u4e0b\u8d1d\u83b1\u5fb7\u65b0\u57fa\u91d1\u7eaa\u5f55\uff0c\u4eca 4 \u6708\u8d1d\u83b1\u5fb7\u4e00\u5b63\u5ea6\u8d22\u62a5\u663e\u793a\uff0cIBIT \u5df2\u7ecf\u5438\u5f15\u4e86\u7ea6 139 \u4ebf\u7f8e\u5143\u51c0\u6d41\u5165\uff0c\u5360\u5176 ETF \u4ea7\u54c1\u603b\u51c0\u6d41\u5165\u7684 21%\uff0c\u8fd9\u4e00\u6570\u636e\u5728 6 \u6708\u4efd\u6765\u5230\u4e86 26%\uff0c\u8d1d\u83b1\u5fb7 CEO \u62c9\u91cc\u2022\u82ac\u514b\u66f4\u662f\u5c06 IBIT \u79f0\u4e3a\u300c\u5386\u53f2\u4e0a\u589e\u957f\u6700\u5feb\u7684 ETF\u300d\u3002<\/p>\n \u5728 2023 \u5e74 4 \u6708\u9999\u6e2f Web3.0 \u5cf0\u4f1a\u540e\uff0c\u673a\u6784\u4e0a\u94fe\u63a2\u7d22\u7684\u9f7f\u8f6e\u5c31\u5df2\u5f00\u59cb\u8f6c\u52a8\u3002\u540c\u5e74 7 \u6708\uff0c\u9999\u6e2f\u8bc1\u76d1\u4f1a\uff08SFC\uff09\u91d1\u878d\u79d1\u6280\u7ec4\u4e3b\u7ba1\u9ec4\u4e50\u6b23\u5728\u63a5\u53d7\u91c7\u8bbf\u65f6\u8868\u793a\uff0cSFC \u5c06\u6539\u53d8\u6b64\u524d\u6709\u5173 STO \u7684\u770b\u6cd5\uff0c\u8bc1\u5238\u578b\u4ee3\u5e01\uff08Securities Token\uff09\u6216 RWA \u5c06\u4e0d\u4f1a\u88ab\u5b9a\u4e49\u4e3a\u590d\u6742\u4ea7\u54c1\uff0cRWA \u4f1a\u6309\u5e95\u5c42\u80cc\u4e66\u8d44\u4ea7\u7c7b\u578b\u6765\u76d1\u7ba1\uff0c\u5e76\u4e14\u6709\u673a\u4f1a\u5411\u6563\u6237\u5f00\u653e\u3002<\/p>\n \u673a\u6784\u5e03\u5c40\u52a0\u5bc6\u884c\u4e1a\u7684\u91ce\u5fc3\u8fdc\u4e0d\u6b62 ETF\u3002Blackrock \u9996\u5e2d\u6267\u884c\u5b98 Larry Fink \u5728 2022 \u5e74\u5e95\u5c31\u8868\u793a\u300c\u4e0b\u4e00\u4ee3\u5e02\u573a\uff0c\u4e0b\u4e00\u4ee3\u8bc1\u5238\uff0c\u5c06\u662f\u8bc1\u5238\u7684\u4ee3\u5e01\u5316\u300d\uff0c\u6469\u6839\u5927\u901a Onyx \u533a\u5757\u94fe\u4e3b\u7ba1 Tyrone Loban \u7684\u60f3\u6cd5\u5219\u662f\u300c\u5c06\u6570\u4e07\u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\u5e26\u5165 DeFi\uff0c\u8ba9\u5176\u4e0e\u673a\u6784\u8d44\u4ea7\u7684\u89c4\u6a21\u4e00\u6837\u5927\uff0c\u8fd9\u6837\u5c31\u53ef\u4ee5\u5229\u7528\u8fd9\u4e9b\u65b0\u673a\u5236\u8fdb\u884c\u4ea4\u6613\u3001\u501f\u8d37\u548c\u8d37\u6b3e\u300d\u3002<\/p>\n \u9664\u4e86\u6765\u81ea\u884c\u4e1a\u7684\u5185\u90e8\u63a8\u52a8\u529b\uff0c\u6b64\u6b21 RWA \u53d9\u4e8b\u590d\u82cf\u7684\u4e00\u5927\u5173\u952e\u539f\u56e0\u5373\u662f\u6765\u81ea\u653f\u5e9c\u548c\u5927\u578b\u91d1\u878d\u673a\u6784\u7b49\u5916\u90e8\u529b\u91cf\u7684\u63a2\u7d22\u5174\u8da3\u3002\u4f20\u7edf\u673a\u6784\u4e3b\u52a8\u53c2\u4e0e\uff0c\u610f\u5473\u7740 RWA \u534f\u8bae\u5012\u8ffd\u73b0\u5b9e\u4e16\u754c\u5173\u6ce8\u7684\u5c40\u9762\u53d1\u751f\u4e86\u6539\u53d8\uff0c\u300c\u5c06\u81ea\u5df1\u7684\u91d1\u878d\u4ea7\u54c1\u653e\u5230\u94fe\u4e0a\u300d\u6210\u4e86\u5916\u754c\u673a\u6784\u5bf9\u52a0\u5bc6\u884c\u4e1a\u7684\u9700\u6c42\u3002<\/p>\n \u4eca\u5e74 3 \u6708\uff0c\u8d1d\u83b1\u5fb7\u63a8\u51fa\u4e86\u5176\u9996\u4e2a\u5728\u516c\u5171\u533a\u5757\u94fe\u4e0a\u53d1\u884c\u7684\u4ee3\u5e01\u5316\u57fa\u91d1 BUIDL\uff0c\u4e3a\u5408\u683c\u6295\u8d44\u8005\u63d0\u4f9b\u8d5a\u53d6\u7f8e\u5143\u6536\u76ca\u7684\u673a\u4f1a\u3002\u8d1d\u83b1\u5fb7\u5728\u516c\u544a\u4e2d\u8868\u793a\u4ee3\u5e01\u5316\u4ecd\u7136\u662f\u5176\u6570\u5b57\u8d44\u4ea7\u6218\u7565\u7684\u91cd\u70b9\uff0c\u901a\u8fc7\u57fa\u91d1\u7684\u4ee3\u5e01\u5316\u5728\u533a\u5757\u94fe\u4e0a\u5b9e\u73b0\u6240\u6709\u6743\u7684\u53d1\u884c\u548c\u4ea4\u6613\uff0c\u4ee5\u671f\u6269\u5927\u6295\u8d44\u8005\u5bf9\u94fe\u4e0a\u4ea7\u54c1\u7684\u8bbf\u95ee\uff0c\u63d0\u4f9b\u5373\u65f6\u548c\u900f\u660e\u7684\u7ed3\u7b97\u53ca\u8de8\u5e73\u53f0\u8f6c\u8d26\u3002<\/p>\n \u4e0e\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u7533\u8bf7\u4e00\u6837\uff0cBUIDL \u7684\u51fa\u73b0\u518d\u6b21\u5f15\u7206 RWA \u6982\u5ff5\uff0c\u4f20\u7edf\u91d1\u878d\u5de8\u5934\u5f00\u59cb\u5728\u94fe\u4e0a\u8bd5\u6c34\uff0c\u4e0d\u5c11\u5206\u6790\u5458\u751a\u81f3\u79f0\u5176\u4e3a\u4ee5\u592a\u574a\u7b49\u516c\u5171\u667a\u80fd\u5408\u7ea6\u94fe\u300c\u5e26\u6765\u4e86\u5408\u6cd5\u6027\u300d\u3002\u5728\u63a8\u51fa\u4e0d\u8db3 10 \u5929\u7684\u65f6\u95f4\u91cc\uff0cBUIDL \u57fa\u91d1\u4f53\u91cf\u589e\u957f\u81f3 2.74 \u4ebf\u7f8e\u5143\uff0c\u4e0e\u4e4b\u76f8\u4f34\u7684\u662f\u4ee3\u5e01\u5316 RWA\uff08\u5305\u62ec\u56fd\u503a\u3001\u503a\u5238\u548c\u73b0\u91d1\u7b49\u4ef7\u7269\uff09\u5e02\u503c\u7684\u5927\u5e45\u589e\u957f\uff0c\u81ea 4 \u6708\u521d\u589e\u957f\u8fd1 35%\uff0c\u76ee\u524d\u5df2\u8d85 15 \u4ebf\u7f8e\u5143\u3002<\/p>\n \u5728 BUIDL \u7684\u5e26\u52a8\u4f5c\u7528\u5f88\u660e\u663e\uff0c\u6574\u4e2a\u94fe\u4e0a\u7f8e\u503a\u5e02\u573a\u90fd\u5728 BUIDL \u4e0a\u7ebf\u540e\u5448\u73b0\u51fa\u660e\u663e\u7684\u4e0a\u6da8\u8d8b\u52bf\uff0c\u6b64\u524d\u76f8\u5bf9\u6c89\u5bc2\u7684\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\u94fe\u4e0a\u7f8e\u56fd\u653f\u5e9c\u8d27\u5e01\u57fa\u91d1 FOBXX \u66f4\u662f\u8fc5\u901f\u589e\u957f\u8fd1 27%\uff0c\u5728\u52a0\u5bc6\u884c\u4e1a\u5185\uff0c\u540c\u6837\u8f6c\u578b\u7f8e\u503a RWA \u534f\u8bae\u7684 Ondo Finance \u4e5f\u5728\u300c\u8d1d\u83b1\u5fb7\u6982\u5ff5\u300d\u7684\u63a8\u52a8\u4e0b TVL \u8fc5\u901f\u7ffb\u500d\u81f3 5 \u4ebf\u7f8e\u5143\u3002<\/p>\n \u5e9e\u5927\u673a\u5668\u7684\u9f7f\u8f6e\u5df2\u5f00\u59cb\u8f6c\u52a8\uff0c\u8fd9\u51e0\u4e4e\u6bcb\u5eb8\u7f6e\u7591\uff0c\u5728\u9999\u6e2f Web3 \u65b0\u653f\u548c\u8d1d\u83b1\u5fb7\u7387\u5148\u5c1d\u8bd5\u4ee3\u5e01\u5316\u63a2\u7d22\u540e\uff0c\u673a\u6784\u300c\u4e0a\u94fe\u5c1d\u9c9c\u300d\u7684\u8fdb\u7a0b\u5c06\u6108\u53d1\u660e\u663e\uff0c\u5176\u9488\u5bf9\u533a\u5757\u94fe\u57fa\u5efa\u7684\u6280\u672f\u9700\u6c42\u4e5f\u5c06\u6108\u53d1\u589e\u957f\u548c\u4e30\u5bcc\uff0c\u5bf9\u82e6\u4e8e\u627e\u4e0d\u5230\u8f83\u597d\u5546\u4e1a\u6a21\u5f0f\u7684\u52a0\u5bc6\u539f\u751f\u9879\u76ee\u800c\u8a00\uff0c\u8fd9\u662f\u4e00\u4e2a\u96be\u5f97\u4e14\u5de8\u5927\u7684 To B \u673a\u4f1a\u3002<\/p>\n \u5929\u91cf To B \u751f\u610f\uff0c\u8c01\u7ad9\u4e0a\u4e86\u98ce\u53e3\uff1f<\/strong><\/p>\n \u8d8b\u52bf\u51fa\u73b0\u540e\uff0cRWA \u9886\u57df\u878d\u8d44\u6570\u91cf\u5728\u4eca\u5e74\u6fc0\u589e\uff0c\u5f88\u591a\u56e2\u961f\u90fd\u60f3\u5e0c\u671b\u6293\u4f4f\u8fd9\u4e00\u673a\u4f1a\uff0c\u4e0d\u8fc7\u5927\u90e8\u5206\u4eba\u7684\u52a8\u673a\u4f9d\u65e7\u662f\u300c\u8e6d\u70ed\u5ea6\u300d\uff0c\u5c31\u8fde\u66fe\u7ecf\u7684 meme \u5e01\u9879\u76ee TokenFi \u4e5f\u8868\u793a\u81ea\u5df1\u5c06\u8fdb\u519b RWA \u9886\u57df\u3002\u4e0d\u8fc7\u5728\u98ce\u53e3\u4e0a\uff0c\u7cbe\u51c6\u5730\u628a\u63e1\u4f4f\u5e02\u573a\u4e2d\u7684\u673a\u9047\u5e76\u4e0d\u662f\u6bcf\u4e2a\u4eba\u90fd\u80fd\u505a\u5230\u7684\u3002<\/p>\n RWA \u516c\u94fe<\/strong><\/p>\n \u9664\u4ee3\u5e01\u5316\u7f8e\u503a TVL \u6b21\u9ad8\u7684 Polygon \u5916\uff0cAvalanche \u53ef\u4ee5\u7b97\u662f\u9996\u4e2a\u5168\u9762\u62e5\u62b1 RWA \u7684 L1 \u516c\u94fe\u3002\u4f5c\u4e3a\u4e0a\u4e00\u8f6e\u5468\u671f\u7684\u65b0\u516c\u94fe\u4e09\u5de8\u5934\u4e4b\u4e00\uff0cAvalanche \u5728\u8fdb\u5165\u718a\u5e02\u540e\u9009\u62e9\u4e86\u4e0e Solana \u76f8\u53cd\u7684\u53d1\u5c55\u8def\u5f84\u3002\u81ea 2022 \u5e74\u5e95\uff0cAvalanche \u5f00\u59cb\u4e86\u4f01\u4e1a\u7ea7\u5e94\u7528\u65b9\u5411\u7684\u9ad8\u9891\u63a2\u7d22\uff0c\u5176\u7279\u6b8a\u7684\u5b50\u7f51\u7ed3\u6784\u4e5f\u4f7f\u5f97\u56e2\u961f\u5728\u8fd9\u4e00\u9886\u57df\u7684\u8fdb\u5c55\u5341\u5206\u8fc5\u901f\u3002Avalanche \u5b50\u7f51\u67b6\u6784\u53ef\u4ee5\u6388\u6743\u673a\u6784\u90e8\u7f72\u9488\u5bf9\u5176\u7279\u5b9a\u7528\u4f8b\u4f18\u5316\u7684\u81ea\u5b9a\u4e49\u533a\u5757\u94fe\uff0c\u5e76\u4e0e\u5404 Avalanche \u7f51\u7edc\u65e0\u7f1d\u4e92\u64cd\u4f5c\uff0c\u4ece\u800c\u5b9e\u73b0\u4e0d\u53d7\u9650\u5236\u6269\u5c55\u6027\u3002\u4ece 2022 \u5e74\u5e95\u81f3 2023 \u5e74\u521d\uff0c\u6765\u81ea\u97e9\u56fd\u3001\u65e5\u672c\u548c\u5370\u5ea6\u7684\u6587\u5a31\u5de8\u5934\u5c31\u7eb7\u7eb7\u5728 Avalanche \u4e0a\u5efa\u7acb\u4e86\u81ea\u5df1\u7684\u5b50\u7f51\u3002<\/p>\n \u5bf9\u4e8e\u673a\u6784\u7684\u654f\u611f\u6027\uff0c\u4e5f\u8ba9 Avalanche \u6700\u65e9\u89c2\u5bdf\u5230\u9999\u6e2f\u7684\u8d44\u4ea7\u4ee3\u5e01\u5316\u52a8\u5411\u30022023 \u5e74 4 \u6708\u9999\u6e2f Web3.0 \u5cf0\u4f1a\u671f\u95f4\uff0cAvalanche \u63a8\u51fa\u4e86 Evergreen \u5b50\u7f51\uff0c\u65e8\u5728\u6ee1\u8db3\u7279\u5b9a\u516c\u53f8\u548c\u6574\u4e2a\u884c\u4e1a\u5bf9\u91d1\u878d\u670d\u52a1\u7684\u8981\u6c42\u3002Evergreen \u662f\u4e00\u5957\u4e13\u95e8\u4e3a\u91d1\u878d\u670d\u52a1\u8bbe\u8ba1\u7684\u673a\u6784\u533a\u5757\u94fe\u90e8\u7f72\u670d\u52a1\u548c\u5de5\u5177\uff0c\u673a\u6784\u57fa\u4e8e Evergreen \u5b50\u7f51\u5728\u79c1\u6709\u94fe\u4e0a\u4e0e\u7ecf\u8fc7\u8bb8\u53ef\u7684\u4ea4\u6613\u5bf9\u624b\u4e00\u8d77\u90e8\u7f72\u533a\u5757\u94fe\u7ed3\u7b97\u7b56\u7565\uff0c\u5e76\u901a\u8fc7 Avalanche \u672c\u5730\u901a\u4fe1\u534f\u8bae\uff08AWM\uff09\u4e0e\u5176\u4ed6\u5b50\u7f51\u4fdd\u6301\u4e92\u64cd\u4f5c\u80fd\u529b\u3002<\/p>\n Evergreen 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\u9886\u57df\u5e76\u4e3a\u8bb8\u591a\u5927\u89c4\u6a21\u8d44\u4ea7\u8bc1\u5238\u516c\u53f8\u63d0\u4f9b\u8fc7\u670d\u52a1\u3002\u5728 2019 \u5e74\u53d6\u5f97 SEC \u8fc7\u6237\u4ee3\u7406\u6ce8\u518c\u8d44\u683c\u540e\uff0cSecuritize \u5728 2021 \u5e74\u83b7\u5f97\u4e86\u7531 Blockchain Capital \u548c\u6469\u6839\u58eb\u4e39\u5229\u9886\u6295\u7684 4800 \u4e07\u7f8e\u5143\u878d\u8d44\u30022022 \u5e74\u7684 9 \u6708\uff0c\u56e2\u961f\u5e2e\u52a9\u7f8e\u56fd\u6700\u5927\u6295\u8d44\u7ba1\u7406\u516c\u53f8\u4e4b\u4e00 KKR \u5c06\u5176\u90e8\u5206\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5728 Avalanche \u4e0a\u8fdb\u884c\u4ee3\u5e01\u5316\u3002\u6b21\u5e74\uff0c\u8fd8\u662f\u5728 Avalanche \u4e0a\uff0cSecuritize \u53c8\u4e3a\u897f\u73ed\u7259\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8 Mancipi Partners 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\u9879\u76ee\u51e0\u4e4e\u90fd\u5728\u4ece\u96f6\u642d\u5efa\u81ea\u5df1\u7684\u4e0a\u94fe\u6d41\u7a0b\u4ee5\u53ca\u4ea4\u6613\u5e73\u53f0\uff0c\u540c\u65f6\u5728\u9009\u62e9\u5e95\u5c42\u516c\u94fe\u548c\u667a\u80fd\u5408\u7ea6\u5f00\u53d1\u5de5\u5177\u7b49\u6280\u672f\u6808\u65f6\u53c8\u5b58\u5728\u4e0d\u540c\u9009\u62e9\uff0c\u8fd9\u8ba9\u4e0d\u540c RWA \u4e4b\u95f4\u7684\u4e92\u64cd\u4f5c\u6027\u5e26\u6765\u4e86\u5de8\u5927\u7684\u6311\u6218\u3002<\/p>\n \u4e0d\u5c11\u521b\u4e1a\u8005\u770b\u5230\u4e86\u8fd9\u79cd\u6d41\u52a8\u6027\u7684\u5272\u88c2\uff0c\u56e0\u6b64\u5728\u540c\u4e00\u65f6\u671f\u5e02\u573a\u4e0a\u4e5f\u5f00\u59cb\u51fa\u73b0 Midas\u3001Plume \u7b49\u4e00\u7c7b RWA \u8d44\u4ea7\u805a\u5408\u5e73\u53f0\u6216\u8005 RWA \u53d1\u5c04\u5e73\u53f0\uff0c\u4f46\u5f53\u8fdb\u4e00\u6b65\u601d\u8003\u65f6\uff0c\u4f60\u4f1a\u53d1\u73b0\u5b83\u4eec\u4ecd\u7136\u9762\u4e34\u4e24\u96be\u5c40\u9762\uff1a\u5982\u679c\u60f3\u8981\u5efa\u7acb\u7edf\u4e00\u5e02\u573a\uff0c\u5c31\u5fc5\u987b\u5148\u5728\u4ee3\u5e01\u53ca\u5408\u7ea6\u6807\u51c6\u65b9\u9762\u6709\u4e00\u5b9a\u517c\u5bb9\u6027\uff0c\u8fd9\u5c31\u963b\u788d\u4e86\u5e73\u53f0\u5927\u89c4\u6a21\u3001\u591a\u79cd\u7c7b\u5730\u805a\u5408 RWA \u8d44\u4ea7\u3002\u800c\u5982\u679c\u7387\u5148\u805a\u5408\u4e0d\u540c RWA \u534f\u8bae\uff0c\u53c8\u4f1a\u56e0\u4e3a\u534f\u8bae\u95f4\u7684\u6280\u672f\u6808\u5dee\u5f02\u800c\u88ab\u9650\u5236\u5728\u300c\u53d1\u5c04\u5e73\u53f0\u300d\u7684\u89d2\u8272\u4e0a\uff0c\u5c3d\u7ba1\u4e3a\u5c0f\u9879\u76ee\u5e26\u6765\u4e86\u90e8\u5206\u6d41\u52a8\u6027\uff0c\u4f46\u5bf9\u4e8e\u4e0a\u94fe\u7684\u8d44\u4ea7\u6765\u8bf4\u4ecd\u8981\u9762\u5bf9\u5e02\u573a\u5272\u88c2\u7684\u95ee\u9898\u3002<\/p>\n \u5373\u4fbf\u662f\u6d41\u52a8\u6027\u6700\u597d\u7684\u4ee3\u5e01\u5316\u7f8e\u503a\u5e02\u573a\u4e5f\u662f\u5982\u6b64\uff0c\u867d\u8bf4\u5728\u8d1d\u83b1\u5fb7\u3001\u5bcc\u5170\u514b\u6797\u9093\u666e\u987f\u7b49\u673a\u6784\u7684\u63a8\u529b\u4e0b\u89e3\u51b3\u4e86\u5355\u54c1\u7c7b\u7684\u89c4\u6a21\u5316\u95ee\u9898\uff0c\u4f46\u4f60\u8fd8\u662f\u4f1a\u53d1\u73b0\uff0c\u4e3a\u4e86\u8ba9\u672a\u6765\u7684\u6f5c\u5728\u6295\u8d44\u8005\u4ee5\u53ca\u5408\u4f5c\u9879\u76ee\u6709\u66f4\u591a\u9009\u62e9, \u8fd9\u4e9b\u8d44\u4ea7\u4e5f\u88ab\u5206\u6563\u5728\u4e86\u4ee5\u592a\u574a\u3001Stellar\u3001Avalanche \u7b49\u4e0d\u540c\u516c\u94fe\u4e0a\u3002<\/p>\n \u8fd9\u4e5f\u7ed9\u5728\u58f0\u91cf\u4e0a\u8fdf\u8fdf\u4e0d\u89c1\u8d77\u8272\u7684\u8de8\u94fe\u4e92\u64cd\u4f5c\u534f\u8bae\u5e26\u6765\u4e86\u53d9\u4e8b\u7a97\u53e3\uff0c\u6bd4\u5982\u5f88\u65e9\u5c31\u5f00\u59cb\u5e03\u5c40 RWA \u7684 Axelar\u3002\u53bb\u5e74\u5206\u522b\u4e0e Centrifuge \u548c Ondo \u5408\u4f5c\u63a8\u51fa\u4e86 Centrifuge Everywhere \u4ee5\u53ca Ondo Bridge\uff0c\u4e3a RWA \u4ee3\u5e01\u5316\u4ea7\u54c1\u4f18\u5316\u534f\u8bae\u53ca\u94fe\u95f4\u4e92\u64cd\u4f5c\u6027\u548c\u6d41\u52a8\u6027\u3002\u5728\u5f53\u524d\u788e\u7247\u5316\u95ee\u9898\u660e\u663e\u7684\u5e02\u573a\u73af\u5883\u4e0b\uff0c\u8de8\u94fe\u4e92\u64cd\u4f5c\u672a\u5c1d\u4e0d\u662f\u4e00\u79cd\u5f25\u8865\u65b9\u6848\u3002<\/p>\n \u5728\u6700\u8584\u5f31\u7684\u73af\u8282\u81ea\u529b\u66f4\u751f<\/strong><\/p>\n \u5176\u5b9e RWA \u7a81\u7834\u89c4\u6a21\u5316\u9650\u5236\u7684\u74f6\u9888\u5e76\u4e0d\u96be\u770b\u51fa\uff0c\u5c31\u662f\u7f3a\u4e4f\u5982 DeFi \u9886\u57df AMM \u8fd9\u6837\u7684\u81ea\u52a8\u5316\u6d41\u7a0b\u6216\u6280\u672f\u3002\u5bf9\u4e8e RWA \u4ea7\u54c1\u6765\u8bf4\uff0c\u4ee3\u5e01\u5316\u5f80\u5f80\u53ea\u662f\u4e00\u4e2a\u5f00\u59cb\uff0c\u4ea7\u54c1\u4e0a\u94fe\u540e\u4fdd\u8bc1\u6301\u7eed\u7684\u8d44\u4ea7\u66f4\u65b0\u4e0e\u900f\u660e\u5ea6\u624d\u662f\u8003\u9a8c\u6548\u7387\u548c\u6210\u672c\u7684\u5173\u952e\uff0c\u901a\u5e38\u6765\u8bf4\u5305\u62ec\u4ee5\u4e0b\u51e0\u4e2a\u65b9\u9762\uff1a<\/p>\n 1. \u8d22\u52a1\u62a5\u544a\uff1a\u8d44\u4ea7\u7ba1\u7406\u4eba\u9700\u8981\u5b9a\u671f\u53d1\u5e03\u8d44\u4ea7\u7684\u8d22\u52a1\u548c\u7ee9\u6548\u62a5\u544a\uff0c\u6bd4\u5982\u5730\u4ea7\u7ba1\u7406\u4eba\u9700\u8981\u5b9a\u671f\u63d0\u4f9b\u79df\u91d1\u6536\u5165\u7684\u4ed8\u6b3e\u65e5\u671f\u548c\u91d1\u989d\uff0c\u6216\u8005\u662f\u6b20\u6b3e\u4ee5\u53ca\u7a7a\u7f3a\u60c5\u51b5\u7684\u7ec6\u8282\uff0c\u4ee5\u8ba9\u6295\u8d44\u8005\u66f4\u6e05\u6670\u5730\u4e86\u89e3\u8be5\u5730\u4ea7\u7684\u73b0\u91d1\u6d41\u52a8\u6001\u3002<\/p>\n 2. \u503a\u52a1\u7ba1\u7406\uff1a\u50cf RWA \u4fe1\u8d37\u4e00\u7c7b\u4ea7\u54c1\uff0c\u9700\u8981\u5b9a\u671f\u66f4\u65b0\u8d37\u6b3e\u7684\u62b5\u62bc\u3001\u8fd8\u6b3e\u3001\u5229\u7387\u8c03\u6574\u4ee5\u53ca\u518d\u878d\u8d44\u6d3b\u52a8\u7b49\u7ec6\u8282\u60c5\u51b5\uff0c\u8ba9\u6295\u8d44\u8005\u4e86\u89e3\u5176\u5065\u5eb7\u7a0b\u5ea6\uff0c\u8fd9\u662f\u6b64\u7c7b\u4ea7\u54c1\u7ef4\u6301\u6295\u8d44\u8005\u4fe1\u4efb\u7684\u57fa\u7840\u3002<\/p>\n 3. \u6240\u6709\u6743\u53d8\u66f4\uff1a\u5982\u679c\u5e95\u5c42\u8d44\u4ea7\u6216\u62e5\u6709\u8be5\u8d44\u4ea7\u7684\u6cd5\u5f8b\u5b9e\u4f53\u7684\u57fa\u672c\u6240\u6709\u6743\u53d1\u751f\u4e86\u53d8\u5316\uff0c\u4e5f\u9700\u8981\u53ca\u65f6\u8fdb\u884c\u516c\u544a\u3002<\/p>\n 4. \u5e02\u573a\u76d1\u7ba1\uff1a\u5f53\u5e95\u5c42\u8d44\u4ea7\u6240\u5728\u7684\u5e02\u573a\u76d1\u7ba1\u73af\u5883\u53d1\u751f\u53d8\u5316\u65f6\uff0c\u7ba1\u7406\u4eba\u540c\u6837\u9700\u8981\u8fdb\u884c\u62a5\u544a\u5e76\u505a\u51fa\u76f8\u5e94\u8c03\u6574\u4ee5\u786e\u4fdd\u4ea7\u54c1\u5408\u89c4\u6027\u3002<\/p>\n \u5f53\u7136\u9664\u6b64\u4e4b\u5916\uff0c\u8fd8\u6709\u8bf8\u5982\u8d44\u4ea7\u7684\u4fdd\u9669\u548c\u98ce\u9669\u7ba1\u7406\u7b56\u7565\u3001\u8d44\u4ea7\u7684\u4f30\u503c\u4e0e\u68c0\u67e5\u3001\u53d1\u884c\u7684\u6cd5\u5f8b\u5b9e\u4f53\u7b49\u7e41\u6742\u7684\u7ec6\u8282\uff0c\u4e00\u4e2a\u73b0\u5b9e\u4e16\u754c\u7684\u8d44\u4ea7\u4ece\u4ee3\u5e01\u5316\u5f00\u59cb\u5230\u4fe1\u606f\u66f4\u65b0\u4e0e\u7ef4\u62a4\u90fd\u9700\u8981\u8d44\u4ea7\u7ba1\u7406\u4eba\u5728\u6574\u4e2a\u6295\u8d44\u751f\u547d\u5468\u671f\u4e2d\u5bf9\u5404\u7c7b\u7ec6\u8282\u6295\u5165\u5927\u91cf\u7cbe\u529b\u4e0e\u5173\u6ce8\u3002\u603b\u8a00\u4e4b\uff0c\u5728\u5f53\u524d\u300c\u57fa\u5efa\u5197\u4f59\u300d\u7684\u5e02\u573a\u73af\u5883\u4e0b\uff0c\u8d44\u4ea7\u4e0a\u94fe\u65e9\u5df2\u4e0d\u662f RWA \u53d1\u5c55\u6700\u56f0\u96be\u7684\u73af\u8282\uff0c\u94fe\u4e0b\u6301\u7eed\u9a8c\u8bc1\u4ee5\u53ca\u6cd5\u5f8b\u76d1\u7ba1\u624d\u662f\u51cf\u6162\u8d44\u4ea7\u7c7b\u522b\u548c\u89c4\u6a21\u589e\u957f\u3001\u78e8\u635f\u8d44\u4ea7\u4e0a\u94fe\u4ef7\u503c\u7684\u4e3b\u56e0\u3002\u8fd9\u4e00\u5207\uff0c\u8fd8\u662f\u5728\u629b\u5f00\u94fe\u4e0b\u5b9e\u4f53\u4e2d\u5fc3\u5316\u5ba1\u8ba1\u98ce\u9669\u7684\u524d\u63d0\u4e0b\u624d\u80fd\u5c55\u5f00\u7684\u63a2\u8ba8\u3002<\/p>\n RWA \u8d44\u4ea7\u7684\u89c4\u6a21\u4e0e\u589e\u901f\u5b8c\u5168\u53d6\u51b3\u4e8e\u94fe\u4e0b\u53d1\u884c\u548c\u7ba1\u7406\u673a\u6784\u7684\u5b9e\u529b\u6c34\u5e73\uff0c\u8fd9\u4e5f\u6b63\u662f\u7f8e\u503a RWA \u4ea7\u54c1\u5728\u8d1d\u83b1\u5fb7\u5165\u5c40\u540e\u5f97\u4ee5\u8fc5\u901f\u589e\u957f\u7684\u91cd\u8981\u539f\u56e0\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u5176\u4ed6\u8bf8\u5982\u5730\u4ea7\u3001\u5927\u5b97\u5546\u54c1\u7b49\u8d44\u4ea7\u5219\u56e0\u6ca1\u6709\u5728\u6d41\u7a0b\u4e0a\u589e\u5f3a\u81ea\u52a8\u5316\u800c\u96be\u4ee5\u5b9e\u73b0\u89c4\u6a21\u6548\u5e94\u3002\u5f53\u7136\u4e86\uff0c\u4e0a\u94fe\u8d44\u4ea7\u7684\u4ef7\u503c\u78e8\u635f\u540c\u6837\u610f\u5473\u7740\u5de8\u5927\u7684\u5546\u673a\uff0c\u800c\u5c31\u76ee\u524d\u6765\u8bf4\uff0c\u8fd9\u90e8\u5206\u6f5c\u5728\u6536\u76ca\u57fa\u672c\u90fd\u6d41\u8fdb\u4e86\u7c7b\u4f3c Securitize \u8fd9\u6837\u7684\u8d44\u4ea7\u53d1\u884c\u53ca\u7ba1\u7406\u4eba\u624b\u91cc\u3002<\/p>\n \u6709\u6ca1\u6709\u53ef\u80fd\u50cf ChainLink \u4e4b\u4e8e DeFi \u4e00\u6837\uff0c\u5728 RWA \u9886\u57df\u642d\u5efa\u4e00\u5957\u81ea\u5df1\u7684\u81ea\u52a8\u5316\u300c\u8d44\u4ea7\u9884\u8a00\u673a\u300d\u7cfb\u7edf\u5462\uff1f\u6211\u4eec\u5728 Jiritsu \u8fd9\u4e2a\u9879\u76ee\u4e0a\u627e\u5230\u4e86\u4e00\u4e9b\u7b54\u6848\u3002<\/p>\n Jiritsu \u662f\u4e00\u6761\u4e13\u95e8\u9488\u5bf9\u94fe\u4e0b\u8d44\u4ea7\u9a8c\u8bc1\u7684 Avalanche L1\uff0c\u65e8\u5728\u5b9e\u73b0\u94fe\u4e0b\u8d44\u4ea7\u6ce8\u518c\u548c\u9a8c\u8bc1\u7684\u81ea\u52a8\u5316\u548c\u53bb\u4fe1\u4efb\uff0c\u5728\u63d0\u5347 RWA \u4ee3\u5e01\u5316\u7684\u7ecf\u6d4e\u6548\u7387\u548c\u900f\u660e\u5ea6\u7684\u540c\u65f6\u964d\u4f4e\u4e0a\u94fe\u78e8\u635f\u4e0e\u6210\u672c\u3002\u901a\u8fc7\u96c6\u6210 ZK \u8bc1\u660e\u548c MPC \u591a\u65b9\u8ba1\u7b97\uff0cJiritsu \u80fd\u591f\u786e\u4fdd\u5bf9\u8d44\u4ea7\u8be6\u7ec6\u4fe1\u606f\u8fdb\u884c\u5b89\u5168\u548c\u79c1\u5bc6\u7684\u81ea\u52a8\u5316\u9a8c\u8bc1\uff0c\u540c\u65f6\u5c06\u76d1\u7ba1\u5408\u89c4\u6027\u548c\u8d44\u4ea7\u5b8c\u6574\u6027\u5d4c\u5165\u4ee3\u5e01\u5316\u4ea7\u54c1\u4e2d\u3002\u6709\u610f\u601d\u7684\u662f\uff0c\u300cJiritsu\u300d\u8fd9\u4e2a\u540d\u5b57\u6765\u81ea\u65e5\u8bed\u300c\u3058\u308a\u3064\u300d\uff0c\u610f\u4e3a\u81ea\u7acb\u3002\u5728\u5f53\u524d\u6838\u5fc3\u73af\u8282\u4e25\u91cd\u4f9d\u8d56\u4e2d\u5fc3\u5316\u4eba\u529b\u7684 RWA \u9886\u57df\uff0c\u8fd9\u6b63\u662f\u5176\u589e\u5f3a\u52a0\u5bc6\u539f\u751f\u5c5e\u6027\u4ee5\u53ca\u5b9e\u73b0\u89c4\u6a21\u6548\u5e94\u6700\u9700\u8981\u7684\u3002<\/p>\n Jiritsu ZK-MPC \u9884\u8a00\u673a\u4ece\u591a\u4e2a\u6765\u6e90\u6c47\u603b\u6570\u636e\u5e76\u9a8c\u8bc1\u76f8\u5173\u8ba1\u7b97\uff0c\u5e76\u91c7\u7528\u591a\u529f\u80fd\u6570\u636e\u68c0\u7d22\u673a\u5236\u4ee5\u589e\u5f3a\u4e0d\u540c\u7c7b\u578b\u8d44\u4ea7\u7684\u96c6\u6210\u6df1\u5ea6\u3002\u8be5\u9884\u8a00\u673a\u5305\u62ec\u300c\u63a8\u9001\u300d\uff08Push\uff09\u548c\u300c\u6536\u96c6\u300d\uff08Pull\uff09\u4e24\u4e2a\u4e3b\u8981\u673a\u5236\uff0c\u524d\u8005\u662f\u6570\u636e\u63d0\u4f9b\u5546\uff08\u6bd4\u5982\u8d44\u4ea7\u7ba1\u7406\u4eba\uff09\u76f4\u63a5\u5411\u9884\u8a00\u673a\u53d1\u9001\u4fe1\u606f\uff0c\u540e\u8005\u5219\u5141\u8bb8\u9884\u8a00\u673a\u901a\u8fc7 API \u76f4\u63a5\u4ece\u96c6\u6210\u4fe1\u606f\u4f9b\u5e94\u5546\u7684\u8bf8\u5982\u4f9b\u5e94\u94fe\u8f6f\u4ef6\u3001\u94f6\u884c\u4fe1\u606f\u7b49\u7cfb\u7edf\u5e76\u83b7\u53d6\u6570\u636e\u3002<\/p>\n \u5728\u5171\u8bc6\u673a\u5236\u65b9\u9762\uff0cJiritsu \u5f15\u5165\u5de5\u4f5c\u6d41\u8bc1\u660e\uff08PoWF\uff09\u6982\u5ff5\uff0c\u7f51\u7edc\u4e2d\u7684\u8282\u70b9\u8fd0\u884c\u7531\u8ba1\u7b97\u5f15\u64ce\u548c\u5de5\u4f5c\u6d41\u7ba1\u7406\u5668\u9a71\u52a8\u7684\u64cd\u4f5c\u7cfb\u7edf\uff0c\u5229\u7528\u751f\u6210\u7684 ZK \u8bc1\u660e\u6765\u786e\u4fdd\u53ef\u9a8c\u8bc1\u8ba1\u7b97\u548c\u667a\u80fd\u5408\u540c\u6267\u884c\u7684\u5171\u8bc6\u673a\u5236\uff0c\u4ee5\u5c06\u5171\u8bc6\u673a\u5236\u76f4\u63a5\u96c6\u6210\u81f3\u5176 MPC \u6846\u67b6\u4e2d\u3002\u4e0e ChainLink \u6216\u8005 Pyth \u7b49\u73b0\u6709\u9884\u8a00\u673a\u76f8\u6bd4\uff0cJiritsu \u4e0d\u9700\u8981\u5728\u6c47\u603b\u4fe1\u606f\u65f6\u4f7f\u7528\u8de8\u94fe\u6865\u8fdb\u884c\u4fe1\u606f\u4f20\u9012\uff0c\u540c\u65f6\u8fd8\u5728\u7b80\u5355\u7684\u6570\u636e\u53cd\u9988\u5916\u589e\u52a0\u4e86\u5bf9\u4fe1\u606f\u7684\u5206\u6790\u548c\u9a8c\u8bc1\u529f\u80fd\u3002<\/p>\n \u5728\u7528\u6237\u6216\u8005\u8d44\u4ea7\u7ba1\u7406\u4eba\u5728 Jiritsu \u6ce8\u518c\u5e0c\u671b\u4ee3\u5e01\u5316\u7684\u8d44\u4ea7\u53ca\u5176\u8be6\u7ec6\u4fe1\u606f\u540e\uff0cZK-MPC \u9a8c\u8bc1\u5668\u4f1a\u5bf9\u8fd9\u4e9b\u4fe1\u606f\u8fdb\u884c\u5206\u6790\u5e76\u786e\u8ba4\u8d44\u4ea7\u7684\u4ef7\u503c\u53ca\u5408\u89c4\u72b6\u6001\u3002\u5206\u6790\u8fc7\u7a0b\u6d89\u53ca\u4e24\u79cd\u7c7b\u578b\u7684\u9a8c\u8bc1\u5668\uff0c\u4e00\u79cd\u7528\u4e8e\u5ba1\u67e5\u4e1a\u52a1\u653f\u7b56\u548c\u76d1\u7ba1\u5408\u89c4\u6027\uff0c\u53e6\u4e00\u79cd\u5219\u7528\u4e8e\u5904\u7406\u8d22\u52a1\u6570\u636e\uff0c\u6267\u884c\u73b0\u8d27\u4ef7\u683c\u68c0\u7d22\u548c\u5e02\u4ef7\u8bc4\u4f30\u7b49\u4efb\u52a1\u3002\u5728\u4fe1\u606f\u5b8c\u6210\u5206\u6790\u548c\u9a8c\u8bc1\u540e\uff0cZK-MPC \u5c06\u751f\u6210 ZK \u8bc1\u660e\u5e76\u5b58\u50a8\u4e0a\u94fe\uff0c\u968f\u540e\u7528\u6237\u4fbf\u53ef\u4ee5\u8ba4\u9886\u8fd9\u4e9b\u8bc1\u660e\u5e76\u5c06\u5176\u5d4c\u5165\u81ea\u5df1\u7684\u667a\u80fd\u5408\u7ea6\u4e2d\uff0c\u8fd9\u6837\uff0c\u6574\u4e2a\u8d44\u4ea7\u7684\u4ee3\u5e01\u5316\u6d41\u7a0b\u5c31\u5168\u90e8\u5b8c\u6210\u4e86\u3002<\/p>\n Jiritsu \u5b98\u65b9\u4ee5 Paxos \u7684\u4ee3\u5e01\u5316\u9ec4\u91d1\u4ea7\u54c1 PAXG \u4e3a\u4f8b\u5c55\u793a\u4e86\u5176\u4ea7\u54c1\u4f7f\u7528\u7684\u5b8c\u6574\u6d41\u7a0b\uff1a<\/p>\n \u9996\u5148\uff0cPaxos \u901a\u8fc7\u53ef\u9760\u7684\u9ec4\u91d1\u4ea4\u6613\u6240\u8d2d\u4e70\u9ec4\u91d1\u5e76\u5b58\u5165\u6258\u7ba1\u670d\u52a1\u673a\u6784\u3002\u968f\u540e\uff0cJiritsu \u7528\u6237\u53ef\u4ee5\u4f7f\u7528\u53d7\u652f\u6301\u516c\u94fe\u4e0a\u7684 Jiritsu dApp\uff0c\u5728 Jiritsu \u7f51\u7edc\u7684 ZK-MPC \u8282\u70b9\u4e0a\u521b\u5efa\u9a8c\u8bc1\u5668\u3002ZK-MPC \u8282\u70b9\u5728\u68c0\u7d22\u5230\u6709\u5173 Paxos \u7684\u9ec4\u91d1\u6258\u7ba1\u4fe1\u606f\u540e\uff0c\u7531\u9a8c\u8bc1\u5668\u751f\u6210\u76f8\u5173 ZK \u8bc1\u660e\u3002<\/p>\n \u9a8c\u8bc1\u8fc7\u7a0b\u4e2d\uff0cZK-MPC \u8282\u70b9\u8d1f\u8d23\u8fdb\u884c\u94fe\u4e0b\u9a8c\u8bc1\u8ba1\u7b97\uff0c\u800c\u751f\u6210\u7684 ZK \u8bc1\u660e\u4e5f\u6709\u4e0d\u540c\u7ea7\u522b\u7684\u8bbf\u95ee\u548c\u4fdd\u5bc6\u6743\u9650\uff0c\u6bd4\u5982\u5ba1\u8ba1\u5458\u53ef\u4ee5\u62e5\u6709\u6240\u6709\u4fe1\u606f\u7684\u5b8c\u5168\u8bbf\u95ee\u6743\u9650\uff0c\u800c\u8d44\u4ea7\u7ba1\u7406\u4eba\u5219\u53ea\u80fd\u770b\u5230\u4e0e\u5176\u89d2\u8272\u76f8\u5173\u7684\u7279\u5b9a\u4fe1\u606f\u3002\u8be5\u9a8c\u8bc1\u8fc7\u7a0b\u53ef\u4ee5\u5728\u9884\u8bbe\u65f6\u95f4\u6216\u6309\u9700\u6c42\u5bf9\u4fe1\u606f\u8fdb\u884c\u66f4\u65b0\uff0c\u8fdc\u6bd4 Paxos \u76ee\u524d\u6bcf\u5b63\u5ea6\u624b\u52a8\u9a8c\u8bc1\u5e93\u5b58\u7684\u65b9\u6cd5\u66f4\u5177\u6548\u7387\u548c\u53ef\u9760\u6027\u3002<\/p>\n \u5728 ZK \u8bc1\u660e\u4e0a\u4f20\u81f3 Jiritsu \u7f51\u7edc\u540e\uff0cPaxos \u5c31\u53ef\u4ee5\u63a8\u8fdb\u5176\u6258\u7ba1\u9ec4\u91d1\u7684\u4ee3\u5e01\u5316\u8fdb\u7a0b\u3002\u5728\u8fd9\u4e2a\u73af\u8282\uff0cJiritsu \u540c\u6837\u5b9e\u73b0\u4e86\u300c\u94fe\u62bd\u8c61\u300d\u6982\u5ff5\uff0c\u5141\u8bb8\u50cf Paxos \u8fd9\u6837\u7684\u8d44\u4ea7\u53d1\u884c\u65b9\u5728\u8bf8\u5982 Solana\u3001Avalanche \u6216 BNB Chain \u7b49\u7406\u60f3\u7684\u76ee\u6807\u94fe\u94f8\u9020\u76f8\u5e94\u4ee3\u5e01\u3002<\/p>\n \u4ee3\u5e01\u751f\u6210\u540e\uff0cPaxos \u901a\u8fc7 Jiritsu dApp \u5411\u8282\u70b9\u548c\u9a8c\u8bc1\u5668\u652f\u4ed8\u8d39\u7528\uff0c\u5176\u4e2d\u6709\u4e00\u90e8\u5206\u5c06\u4f1a\u5206\u914d\u7ed9 Jiritsu \u7f51\u7edc\u3002\u6295\u8d44\u8005\u8d2d\u4e70\u7684 PAXG \u4ee3\u5e01\u5c06\u5305\u542b\u4e00\u4efd\u5e95\u5c42\u9ec4\u91d1\u8bc1\u660e\uff0c\u5e76\u53ef\u4ee5\u4f7f\u7528\u8be5\u8bc1\u660e\u8bbf\u95ee Jiritsu \u7f51\u7edc\u4e0a\u7684\u9ec4\u91d1\u6258\u7ba1\u72b6\u6001\u4fe1\u606f\uff0c\u800c Paxos \u5219\u53ef\u4ee5\u5728\u8fd9\u4e00\u73af\u8282\u5c06\u8d39\u7528\u6210\u672c\u8f6c\u5ac1\u81f3\u6295\u8d44\u8005\u8eab\u4e0a\u3002<\/p>\n Jiritsu \u7f51\u7edc\u4e0a\u7684 dApps \u4e13\u95e8\u4e3a\u4fbf\u4e8e\u7f16\u5199\u7279\u5b9a\u6570\u636e\u800c\u8bbe\u8ba1\uff0c\u5141\u8bb8\u7528\u6237\u4e3a\u4efb\u4f55\u4e1a\u52a1\u903b\u8f91\u3001\u6570\u636e\u8bfb\u53d6\u5668\u4ee5\u53ca\u667a\u80fd\u5408\u7ea6\u96c6\u6210\u521b\u5efa\u9a8c\u8bc1\u5668\uff0c\u8fd9\u79cd\u9002\u5e94\u6027\u786e\u4fdd\u4e86 Jiritsu \u53ef\u4ee5\u4e3a\u5e7f\u6cdb\u7684\u4e1a\u52a1\u9700\u6c42\u63d0\u4f9b\u5b9a\u5236\u89e3\u51b3\u65b9\u6848\u7684\u80fd\u529b\u3002\u6b64\u5916\uff0c\u5176 ZK-MPC \u4e91\u670d\u52a1\u4e0b\u7684 Jiritsu Proof \u663e\u8457\u6269\u5927\u4e86\u4fe1\u606f\u9a8c\u8bc1\u7684\u8d44\u4ea7\u7c7b\u522b\uff0c\u9664\u94f6\u884c\u4fe1\u606f\u548c\u516c\u53f8\u4fe1\u8d37\u7b49\u4f20\u7edf\u8d22\u52a1\u9a8c\u8bc1\u5916\uff0c\u8fd8\u53ef\u4ee5\u9a8c\u8bc1\u4e00\u7cfb\u5217\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u7684\u72b6\u6001\u4fe1\u606f\uff0c\u6bd4\u5982\u516c\u53f8\u5382\u623f\u7684\u8bbe\u5907\u3001\u5e93\u5b58\u4ee5\u53ca\u4ea4\u6613\u548c\u6536\u5165\u4fe1\u606f\u7b49\uff0cJiritsu \u8fd1\u671f\u5c31\u4e3a\u4e00\u5bb6 SKU \u8d85 10 \u4e07\u3001\u603b\u4ef7\u503c\u7ea6 2000 \u4e07\u7f8e\u5143\u7684\u4e9a\u9a6c\u900a\u4f9b\u5e94\u94fe\u516c\u53f8\u63d0\u4f9b\u4e86\u5e93\u5b58\u8bc1\u660e\u3002<\/p>\n \u5728\u6b64\u57fa\u7840\u4e0a\uff0cJiritsu \u8fd8\u901a\u8fc7\u300c\u5df2\u9a8c\u8bc1\u8d44\u4ea7\u603b\u4ef7\u503c\u300d\uff08Total Asset Verified\uff09\u548c\u300c\u5df2\u9501\u4ed3\u8d44\u4ea7\u603b\u4ef7\u503c\u300d\uff08Totl Asset Secured\uff09\u4e24\u4e2a\u6570\u636e\u6307\u6807\u6765\u8861\u91cf\u5176\u5bf9\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u4e0a\u94fe\u7684\u5f71\u54cd\u529b\uff0c\u5e76\u7528\u8fd9\u4e9b\u6570\u636e\u6307\u6807\uff0c\u4e3a DeFi \u534f\u8bae\u63d0\u4f9b\u66f4\u5177\u517c\u5bb9\u6027\u548c\u4e92\u64cd\u4f5c\u6027\u7684\u5e95\u5c42\u8d44\u4ea7\u4e50\u9ad8\u3002\u6839\u636e\u5b98\u65b9\u63d0\u4f9b\u7684 Dune \u770b\u677f\u6570\u636e\uff0c\u622a\u81f3\u76ee\u524d Jiritsu \u5df2\u7ecf\u9a8c\u8bc1\u4e86\u8d85 180 \u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\uff0c\u5e76\u6709\u8d85 6000 \u4e07\u7f8e\u5143\u8d44\u4ea7\u968f\u65f6\u7b49\u5f85\u5404\u7c7b\u534f\u8bae\u4f7f\u7528\u3002<\/p>\n \u524d\u4e0d\u4e45\uff0cJiritsu \u96c6\u6210\u4e86\u8d1d\u83b1\u5fb7\u7684 RWA \u751f\u6001\u7cfb\u7edf\uff0c\u4e3a\u5176\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u4ee5\u53ca BUIDL \u57fa\u91d1\u7684\u50a8\u5907\u8d44\u4ea7\u4f30\u503c\u53ca\u9a8c\u8bc1\u3001\u5408\u89c4\u6027\u548c KYC \u5e73\u53f0\u4fe1\u606f\u7b49\u63d0\u4f9b\u81ea\u52a8\u5316\u7684\u94fe\u4e0a\u8bc1\u660e\uff0c\u4ee5\u65b9\u4fbf\u5176\u4ed6\u534f\u8bae\u66f4\u4fbf\u6377\u5feb\u901f\u5730\u4f7f\u7528\u8fd9\u4e9b\u5df2\u7ecf\u4e0a\u94fe\u7684\u8d44\u4ea7\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5c3d\u7ba1 iBIT \u548c BUIDL \u4e3a\u52a0\u5bc6\u5e02\u573a\u548c RWA \u5e26\u6765\u5de8\u5927\u589e\u91cf\u8d44\u91d1\uff0c\u4f46\u5176\u8d44\u4ea7\u9a8c\u8bc1\u4ecd\u4f9d\u8d56\u4e8e\u81ea\u6211\u62a5\u544a\uff0c\u4e14\u53ea\u63d0\u4f9b\u5e74\u5ea6\u5ba1\u8ba1\uff0c\u800c Jiritsu \u5219\u4e3a\u8fd9\u4e9b\u4ea7\u54c1\u5e26\u6765\u4e86\u66f4\u5177\u900f\u660e\u5ea6\u548c\u6210\u672c\u6548\u76ca\u7684\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n Jiritsu \u8fd8\u4e0e\u6df1\u8015 RWA \u9886\u57df\u7684 Republic \u5e73\u53f0\u8fdb\u884c\u4e86\u96c6\u6210\uff0c\u8ba9\u4efb\u4f55\u8d44\u4ea7\u7ba1\u7406\u8005\u80fd\u591f\u76f4\u63a5\u5b9e\u65bd\u548c\u4f7f\u7528\u7c7b\u4f3c\u7684\u89e3\u51b3\u65b9\u6848\uff0c\u5728\u63d0\u4f9b\u591a\u79cd\u7c7b\u4ee3\u5e01\u5316\u4ea7\u54c1\u7684\u540c\u65f6\u63d0\u9ad8\u5408\u89c4\u6027\u548c\u8fd0\u8425\u6548\u7387\uff0c\u8d44\u4ea7\u7ba1\u7406\u4eba\u5728\u4ee3\u5e01\u5316\u3001\u5408\u89c4\u6027\u4ee5\u53ca\u8425\u9500\u548c\u5ba2\u6237\u670d\u52a1\u65b9\u9762\uff0c\u90fd\u53ef\u4ee5\u4f7f\u7528 Republic \u63d0\u4f9b\u7684\u6210\u719f\u57fa\u7840\u8bbe\u65bd\u3002\u901a\u8fc7\u81ea\u52a8\u5316\u548c\u53bb\u4fe1\u4efb\u7684\u9a8c\u8bc1\u548c\u5ba1\u8ba1\uff0cJiritsu \u5c06\u8fc7\u53bb\u7531\u7a46\u8fea\u3001\u6bd5\u9a6c\u5a01\u7b49\u673a\u6784\u5b8c\u6210\u7684\u5de5\u4f5c\u642c\u79fb\u5230\u94fe\u4e0a\uff0c\u800c\u8fd9\u90e8\u5206\u4f20\u7edf\u5e02\u573a\u7684\u8d39\u7528\u6536\u5165\u8d85\u8fc7 1500 \u4ebf\u7f8e\u5143\uff0c\u54ea\u6015\u6309 10% 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