Mmaraka oa chelete e kenang o sa fetoheng o ntse o tsoela pele ka dijithale — 'me Matlotlo a US a etelletse pele. Ha meaho ea blockchain e ntse e hola le takatso ea setheo ea thepa ea lefats'e ea nnete e ntse e eketseha, Matlotlo a tokenized ha e sa le mohopolo oa bokamoso. Li se li ntse li fanoa, li amoheloa, 'me li lekantsoe ke ba bang ba batsamaisi ba baholo ba thepa lefatšeng.
Ho tloha bohareng ba 2025, kakaretso ea boleng ba ketane ea matlotlo a sebele a lefats'e - ho kenyeletsoa Matlotlo, mekoloto ea poraefete, litefiso le thepa - e ne e nyolohetse ho hoo e ka bang. $ 24 limilione tse likete, ka Polokelo ea Lichelete e maemong a har'a likarolo tse holang ka potlako. Ka 2026, Polokelo ea Lichelete e tla be e le sehlahisoa sa kamehla ho li-portfolio tse kholo tsa banka. Mona ke lebaka.
Matlotlo a Tokenized ke eng?
Tokenized Treasuries ke liemeli tsa dijithale tsa mokoloto oa mmuso oa US, tse fanoeng le tse rekisoang litsing tsa motheo tsa blockchain. Ba fana ka kotulo e tšoanang le boleng ba mokoloto joalo ka Matlotlo a setso - empa ka ho rarolloa hang hang, litefo tsa setlankana tse ikemetseng, beng ba likaroloana, le ho latedisa pepeneneng ha ketane.
Ho fapana le li-bond tse tloaelehileng tse sebetsang ka har'a litsamaiso tse siling le tse boima ba pampiri, Matlotlo a nang le token a ka khonahala. Sena se lumella bafani le bafani ho iketsetsa lits'ebetso tsa bohlokoa - joalo ka tefo ea tsoala, topollo, le ho latela melao - ka likhohlano tse nyane kapa ho feta.
Ho ea ka Bank for International Settlements (BIS), libonto tsa 'muso tse tokenized li ka fokotsa litšenyehelo tsa ho fana le ho fana ka litšebeletso ho fihlela ho. 1.2% ea boleng ba bonto nakong eohle ea bophelo ba eona- poloko e utloahalang bakeng sa bafani ba lichelete tse kholo le lisebelisoa tsa nako e telele.
Momentum ea Setheo e se e le Mona
Ho feta $ 7.5 bilione ho Matlotlo a tokenized ho tloha bohareng ba 2025, ho tloha ka tlase ho $ 100 milione lilemong tse peli tse fetileng. BlackRock's BUIDL letlole le Franklin Templeton's tokenized chelete linyehelo tsa 'maraka fetohile mehlala ea kamoo mekhatlo lefa ka borokho ba lichelete tsa setso le blockchain.
Lisebelisoa tsena tsa tokenized ha se tsa liteko feela; ba fana ka lisebelisoa tsa sebele:
- Ho rarolla kapele e lokolla capital mme e fokotsa kotsi ea balekane.
- Karohano e holisa phihlello ho batseteli ba banyenyane le sethala sa dijithale.
- Ho fihlella 24/7 e notlolla mokelikeli le ho ts'ehetsa phallo ea chelete ea lefats'e.
Libanka li shebile phetoho ena haufi-ufi-'me ba bangata ba ntse ba haha meaho ea motheo ka khutso ho e kopanya.
Ke Hobane'ng ha Libanka li sa khone ho Leta
Libanka tsa setso li tobane le likhatello tse tharo tsa bohlokoa tse li sutumelletsang ho linyehelo tsa matlotlo a tokenized:
- Tlhokahalo ea Moreki
Bareki ba litsi - haholo-holo batsamaisi ba thepa, lichelete tsa hedge, le sethala sa fintech - ba batla kotulo ea maemo a ikemetseng ntle le mathata a lefa. Matlotlo a Tokenized a fana ka mokhoa o hloekileng, o potlakileng ho feta butle, tsamaiso ea bond ea matsoho.
- Tlhahiso ea Ts'ebetso
Libanka li tla boloka haholo ts'ebetsong ea morao-rao ea liofisi, ho kenyeletsa poelano ea khoebo, ho lefa le ho boloka. Likonteraka tse bohlale le mekhoa ea tumellano ea blockchain e ka nka sebaka sa matsatsi a lipampiri ka mela ea khoutu. Ho ea ka liphuputso tsa Cashlink le FinPlanet, ho fana ka bond e thehiloeng ho blockchain ho ka fokotsa litšenyehelo tse bohareng le tsa morao-rao tsa ofisi (ho hloekisa, ho rarolla, le poelano) ho fihla ho 85%, e lekanang le chelete e ka bang 1.2% ea ho boloka boleng ba bonto nakong ea bophelo bohle ba bonto. Li-euro tse limilione tse 15 li bolokiloe ka € 10 bilione thepa e tlas'a tlhokomelo.
- Khatello ea Tlholisano: Haeba BlackRock, Franklin Templeton, le bafani ba li-crypto-native ba kang Ondo Finance ba se ba ntse ba aba matlotlo a tokenized lefatšeng ka bophara, libanka li ipeha kotsing ea ho oa ntle le haeba li lumellana le linyehelo tsena.
Taolo e ea Tsoela Pele
Kholo ea Matlotlo a tokenized e tsamaellana le tikoloho ea taolo e holileng haholoanyane. Merero e kang Limmaraka tsa Crypto-Assets (MiCA) ho EU le Molao oa Litšebeletso tsa Tefo (PS) Singapore li behile tsela ea ho fana ka taolo le tlhokomelo. US, ha Securities and Exchange Commission (SEC) e e-s'o fane ka moralo o pharaletseng oa matšeliso a tokenized, libanka li fumana litsela tse lumellanang ka ho boloka tlhokomelo e laoloang, mebuso ea sandbox, le marang-rang a lumelloang blockchain.
Taolo e hlakileng e fokotsa kotsi ea setheo mme e fana ka libanka ka kholiseho ea ho sebetsa linyehelo tsa tokenized ka tekanyo.
Kamoo Libanka li Tla Kopanya Matlotlo a Tokenized
Ka 2026, libanka tse ngata tse kholo li ke ke tsa ts'ehetsa Treasury ea token feela - li tla fana ka tsona ka tlhaho. Phetoho ena e tla bonahala ka litsela tse 'maloa tsa bohlokoa:
- Li-Desk tsa Digital Bond: Li-desk tse ntseng li le teng tsa meputso e sa fetoheng li tla fetoha li-deske tse nyalisitsoeng, tse khonang ho laola litšireletso tsa setso le tsa tokenized.
- Kabo ea White‑Label API: New Crypto-as-a-Service (CaaS) liforomo tse tsoang ho bafani ba joalo ka BNY Mellon le State Street, li thusa libanka ho kenya li-tokenized bond kapa li-depositi tse tokenized ho linyehelo tsa bareki ka li-SDK le li-API.
- Tlhokomelo e Kopanetsoeng: Meholo libanka tsa polokelo-ho kenyeletsoa BNY Mellon, State Street, le DBS-ke litsamaiso tsa blockchain-native custody system tse ts'ehetsang polokelo ea thepa ka ketane, meralo ea sepache sa MPC, le phallo ea tšebetso ea token.
- Programmable Finance Toolkits: Libanka tse kang Goldman Sachs le BNY Mellon li tšehetsa li-MMF tsa tokenized le lihlahisoa tsa lichelete ka liketane tsa poraefete tse lumellang bareki ho li sebelisa e le tebeletso, li-auto-redeem tokenized holdings, kapa ho kenya letsoho maqheka a ho fokotsa chelete-ho phatlalatsa phetoho e pharaletseng ho ea licheleteng tse ka khonehang.
Sena se Bolela'ng Bakeng sa Maraka
Kamohelo e kholo ea Matlotlo a Tokenized ka 2026 e bontša ho feta ntlafatso ea theknoloji. E emela phetoho e tebileng ho limmaraka tsa capital:
- Sekoloto se tla tsamaea kapele. Linako tsa ho lefa li fokotseha ho tloha matsatsing a T+2 ho isa metsotsong.
- Kotulo e tla fumaneha haholoanyane. Batho ka bomong le mekhatlo e menyenyane ba tla fumana likoloto tsa boleng bo phahameng ka ho toba, ka mekhoa e tlaase.
- Limmaraka li tla khona ho hlophiseha. Lihlopha tsa lichelete li tla iketsetsa tšebetso ea matlotlo ka nako ea sebele, li sebelisa likonteraka tse bohlale.
- Tšebelisano e tla ba ea bohlokoa. Matlotlo a tla phalla ho pholletsa le liketane, lipolanete, le libaka tsa puso-ho batla litekanyetso tse ncha tsa tlhokomelo, ho latela melao, le ponaletso.
Ho fana ka Matlotlo a Tokenized ka 2026
Matlotlo a Tokenized ha e sa le potso ea "haeba" -empa "kapele hakae." Ka ho hola ha meralo ea motheo, tšehetso ea taolo e ntse e eketseha, le linyeoe tsa ts'ebeliso ea 'nete tse seng li ntse li sebetsa, libanka tse sebetsang hona joale li ka ipeha bohareng ba phetoho ea lidolara tse libilione.
Ho ChainUp, re thusa mekhatlo ea lichelete ho theha sethala sa matlotlo se sireletsehileng, se lumellanang le tokenized - ho tloha ho phanoeng le tlhokomelong ho isa taolong e bohlale ea likonteraka le ho kopanya. Haeba feme ea hau e ntse e hlahloba Matlotlo a tokenized kapa e hloka tharollo ea litšebeletso ho haha desk ea bond e thehiloeng ho blockchain, re ka thabela ho bua.
