{"id":963,"date":"2025-05-30T05:03:29","date_gmt":"2025-05-29T21:03:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=963"},"modified":"2025-05-30T05:03:29","modified_gmt":"2025-05-29T21:03:29","slug":"%e8%a7%a3%e6%9e%90ondo-finance%ef%bc%9a%e7%be%8e%e5%9b%bdrwa%e6%98%af%e6%80%8e%e4%b9%88%e7%8e%a9%e7%9a%84%ef%bc%9f-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=963","title":{"rendered":"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f | PANews"},"content":{"rendered":"<p>\u5f53\u4e0b\uff0cRWA\u7740\u5b9e\u662f\u706b\u3002<\/p>\n<p>\u4ece4\u6708\u521d\u7684\u9999\u6e2fWeb3\u5609\u5e74\u534e\uff0c\u5230\u8fd1\u671fWeb3\u5f8b\u5e08\u5708\u5b50\uff0c\u5927\u5bb6\u804a\u7684\u90fd\u662fRWA\u3002\u4e5f\u4e0d\u662f\u6ca1\u6709\u9053\u7406\uff0c\u6bd5\u7adfRWA\u662f\u6bd4\u8f83\u9760\u8c31\u548c\u5b89\u5168\u7684\u201c\u53d1\u5e01\u201d\u65b9\u5f0f\u3002<\/p>\n<p>\u524d\u51e0\u5929\uff0c\u66fc\u6606\u5f8b\u5e08\u548c\u5927\u5bb6\u804a\u8fc7\u4e2d\u56fd\u65b0\u664bRWA\u9879\u76ee\uff0c\u6bd4\u5982\u300a\u66fc\u6606\u7814\u7a76 | \u89e3\u7801\u4e2d\u56fd\u5185\u5730\u7279\u8272RWA\uff1a\u5b9e\u8df5\u7279\u5f81\u3001\u98ce\u9669\u5256\u6790\u4e0e\u4f18\u5316\u8def\u5f84\u300b\uff0c\u4e5f\u548c\u5927\u5bb6\u5206\u4eab\u8fc7\u5f53\u524dRWA\u7684\u73a9\u6cd5\uff0c\u6bd4\u5982\u300a\u66fc\u6606\u5f8b\u5e08\uff5c\u5206\u88c2\u7684Web3\u4e16\u754c\uff0c\u81f3\u5c11\u6709\u4e09\u79cdRWA\u300b\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u8981\u8bf4RWA\u7684\u5148\u4f8b\u548c\u9f99\u5934\uff0c\u90a3\u54b1\u8fd8\u5f97\u5c06\u76ee\u5149\u8f6c\u5411\u7f8e\u56fd\u3002\u91cc\u9762\u6bd4\u8f83\u6709\u4ee3\u8868\u6027\u7684\uff0c\u5927\u6982\u5c31\u662fOndo\u4e86\u5427\u3002\u5c24\u5176\u662f\u8fd9\u4e24\u5929\uff0c\u7f8e\u56fd\u8bc1\u76d1\u4f1a\uff08SEC\uff09\u8fd8\u4e0e\u4e4b\u4f1a\u9762\uff0c\u63a2\u8ba8\u5408\u89c4\u53d1\u884c\u4ee3\u5e01\u5316\u8bc1\u5238\u65b9\u6848\uff0c\u7740\u5b9e\u4e3aOndo\u7684\u6210\u7ee9\u5355\u4e0a\u518d\u6b21\u6572\u4e86\u4e2a\u5927\u5927\u7684S\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/16\/images\/31771aa892d872dca8cf0f6058d3b46e.png\" alt=\"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f\" \/><\/p>\n<pre>*\u56fe\u6e90\uff1aSEC\u6587\u4ef6\u622a\u56fe<\/pre>\n<p>\u56e0\u6b64\uff0c\u672c\u7bc7\u6587\u7ae0\uff0c\u66fc\u6606\u5f8b\u5e08\u5c31\u57fa\u4e8eOndo\u7684RWA\u6a21\u5f0f\uff0c\u6765\u548c\u5927\u5bb6\u518d\u5520\u5520\u7f8e\u56fdRWA\u7684\u73a9\u6cd5\u3002<\/p>\n<h3>Ondo RWA\u6a21\u5f0f\u62c6\u89e3<\/h3>\n<p>Ondo\u4e4b\u6240\u4ee5\u88ab\u4e1a\u5185\u79f0\u4e3a\u662fRWA\u9f99\u5934\u9879\u76ee\uff0c\u66fc\u6606\u5f8b\u5e08\u8ba4\u4e3a\u6700\u91cd\u8981\u7684\u4e00\u70b9\u662f\uff0c\u5f53\u5927\u90e8\u5206\u9879\u76ee\u8fd8\u5728\u601d\u8003\u201c\u62ff\u4ec0\u4e48\u73b0\u5b9e\u8d44\u4ea7\u4e0a\u7ebf\u53d1\u5e01\u878d\u8d44\u201d\u7684\u65f6\u5019\uff0cOndo\u5c31\u5df2\u7ecf\u628a\u7f8e\u56fd\u56fd\u503a\u3001\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\u8fd9\u4e9b\u8d44\u4ea7\u642c\u4e0a\u4e86\u94fe\uff0c\u5e76\u878d\u5165\u4e86DeFi\u73a9\u6cd5\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/16\/images\/43d2912ddad539dea7e2777fca21b7b5.png\" alt=\"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f\" \/><\/p>\n<p>\u5c31\u62ffOndo\u53d1\u884c\u7684\u4ee3\u5e01USDY\uff08Ondo US Dollar Yield Token\uff09\u6765\u8bf4\uff0c\u5176\u80cc\u540e\u951a\u5b9a\u7684\u73b0\u5b9e\u8d44\u4ea7\u662f\u77ed\u671f\u7f8e\u56fd\u56fd\u503a\u548c\u94f6\u884c\u5b58\u6b3e\uff0c\u8fd9\u5c31\u610f\u5473\u7740\uff1a<\/p>\n<p>\u7b2c\u4e00\uff0c\u8be5\u8d44\u4ea7\u6709\u7740\u5b9e\u6253\u5b9e\u7684\u6536\u76ca\u652f\u6491\u3002USDY\u672c\u8d28\u4e0a\u662f\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\uff0c\u6295\u8d44\u8005\u6bcf\u65e5\u53ef\u4ee5\u4eab\u53d7\u7f8e\u503a\u6216\u8005\u94f6\u884c\u5b58\u6b3e\u5e26\u6765\u7684\u6536\u76ca\uff1b<\/p>\n<p>\u7b2c\u4e8c\uff0c\u900f\u660e\u5ea6\u548c\u5b89\u5168\u6027\u6709\u4fdd\u8bc1\u3002\u8be5\u8d44\u4ea7\u7684\u5e95\u5c42\u903b\u8f91\uff0c\u6bd4\u5982\u6258\u7ba1\u3001\u5ba1\u8ba1\u3001\u6536\u76ca\u5206\u914d\u7b49\uff0c\u4f9d\u7136\u6cbf\u7528\u4e86\u4f20\u7edf\u91d1\u878d\u7684\u5408\u89c4\u6807\u51c6\u3002<\/p>\n<p>\u53e6\u5916\uff0cUSDY\u91c7\u7528\u4e86\u7834\u4ea7\u9694\u79bb\u67b6\u6784\uff0c\u50a8\u5907\u8d44\u4ea7\u4e0e\u53d1\u884c\u4e3b\u4f53\u5f7b\u5e95\u5206\u79bb\uff0c\u4e00\u65e6\u53d1\u751f\u6781\u7aef\u60c5\u51b5\uff0c\u6295\u8d44\u8005\u5bf9\u50a8\u5907\u8d44\u4ea7\u4eab\u6709\u4f18\u5148\u7d22\u507f\u6743\u3002\u9664\u4e86USDY\uff0cOndo\u8fd8\u53d1\u884c\u4e86\u951a\u5b9a\u7f8e\u56fd\u77ed\u671f\u56fd\u503a\u57fa\u91d1\u7684OUSG\uff0c\u5176\u903b\u8f91\u4e5f\u4e0eUSDY\u7c7b\u4f3c\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u66fc\u6606\u5f8b\u5e08\u8ba4\u4e3a\uff0c\u4ece\u67d0\u79cd\u7a0b\u5ea6\u4e0a\uff0cOndo\u66f4\u50cf\u662f\u628a\u4f20\u7edf\u91d1\u878d\u7684\u7406\u8d22\u4ea7\u54c1\u4e0e\u6e05\u7b97\u673a\u5236\u642c\u5230\u4e86\u94fe\u4e0a\uff0c\u5728\u4fdd\u969c\u6536\u76ca\u548c\u98ce\u9669\u53ef\u63a7\u7684\u540c\u65f6\uff0c\u8d4b\u4e88\u8d44\u4ea7\u94fe\u4e0a\u6d41\u52a8\u6027\u3002<\/p>\n<p>\u8bf4\u5230\u8d44\u4ea7\u6d41\u52a8\u6027\uff0c\u90a3\u5c31\u8981\u518d\u63d0\u4e00\u4e0bOndo\u56e2\u961f\u7684\u53e6\u4e00\u4e2a\u4ea7\u54c1Flux Finance\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/16\/images\/4b39dafcf66643e9dfa4e157269add21.png\" alt=\"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f\" \/><\/p>\n<p>\u5982\u679c\u8bf4\uff0c\u53d1\u5e01\u53ea\u662fRWA\u7684\u7b2c\u4e00\u6b65\uff0c\u90a3\u4e48\u5982\u4f55\u8ba9RWA\u4ee3\u5e01\u5728\u94fe\u4e0a\u6d41\u52a8\u8d77\u6765\uff0c\u624d\u662f\u589e\u503c\u7684\u5173\u952e\u3002\u4e8e\u662f\uff0c\u5c31\u6709\u4e86Flux Finance\u2014\u2014\u4e00\u4e2aRWA\u4e13\u5c5e\u7684\u501f\u8d37\u534f\u8bae\u3002<\/p>\n<p>Flux\u8ddf\u5e38\u89c1\u7684\u501f\u8d37\u534f\u8bae\uff08Compound\u3001Aave\uff09\u4e0d\u540c\u7684\u70b9\u5728\u4e8e\uff0c\u5b83\u5141\u8bb8\u7528\u6237\u628a\u8fd9\u4e9b\u4ee3\u5e01\u5316\u56fd\u503a\uff08\u6bd4\u5982OUSG\uff09\u4f5c\u4e3a\u62b5\u62bc\u54c1\uff0c\u501f\u51faUSDC\u7b49\u7a33\u5b9a\u5e01\u3002<\/p>\n<p>\u90a3\u4e48\uff0c\u95ee\u9898\u6765\u4e86\uff1a\u56fd\u503a\u8fd9\u4e9b\u662f100%\u7684\u8bc1\u5238\u5c5e\u6027\uff0c\u653eDeFi\u91cc\u4f1a\u4e0d\u4f1a\u89e6\u78b0\u7f8e\u56fd\u76d1\u7ba1\uff1f<\/p>\n<p>Ondo\u7684\u89e3\u6cd5\u662f\u8bb8\u53ef\u5236\uff1a\u4e0d\u662f\u8c01\u90fd\u80fd\u62ffOUSG\u6765\u501f\u8d37\uff0c\u5f97\u901a\u8fc7\u5408\u89c4\u5ba1\u67e5\uff0c\u786e\u4fdd\u4f60\u662f\u7b26\u5408\u6761\u4ef6\u7684\u6295\u8d44\u8005\u3002\u4e5f\u5c31\u662f\u8bf4\uff0c\u901a\u8fc7\u4e2d\u5fc3\u5316\u7684\u5ba1\u6838\u5236\uff0c\u907f\u514d\u4e86DeFi\u91cc\u201c\u4ec0\u4e48\u8d44\u4ea7\u90fd\u80fd\u62b5\u62bc\u201d\u7684\u65e0\u5e8f\u72b6\u6001\uff0c\u786e\u4fdd\u94fe\u4e0a\u501f\u8d37\u6d3b\u52a8\u4e5f\u5728\u5408\u89c4\u6846\u67b6\u4e0b\u8fdb\u884c\u3002<\/p>\n<p>\u8fd9\u4e00\u8bbe\u8ba1\uff0c\u65e0\u5f02\u4e8e\u4e3a\u63a5\u4e0b\u6765\u6574\u4f53\u94fe\u4e0aRWA+DeFi\u7684\u5408\u89c4\uff0c\u6811\u7acb\u4e86\u6a21\u677f\u3002<\/p>\n<p>\u5176\u5b9e\u5230\u8fd9\u91cc\uff0cRWA\u7684\u73a9\u6cd5\u5df2\u7ecf\u662f\u4e2a\u95ed\u73af\u3002\u4f46\u662fOndo\u5728RWA\u9886\u57df\uff0c\u4f9d\u7136\u5f00\u7586\u6269\u571f\u2014\u2014RWA\u65e2\u7136\u8fd9\u4e48\u706b\uff0c\u5404\u4e2a\u9879\u76ee\u90fd\u60f3\u505aRWA\uff0c\u90a3\u600e\u4e48\u53d1\u884c\uff0c\u5728\u54ea\u91cc\u6d41\u901a\u5462\uff1f\u603b\u5f97\u6709\u4e2a\u57fa\u7840\u8bbe\u65bd\u5427\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/16\/images\/90f7c33ad98cd3d81a5743f5cfa8860b.png\" alt=\"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f\" \/><\/p>\n<p>\u662f\u7684\uff0cOndo\u5728\u57fa\u7840\u8bbe\u65bd\u5c42\u9762\u4e5f\u6ca1\u95f2\u7740\u3002\u5b83\u81ea\u5efa\u4e86\u4e00\u6761\u94feOndo Chain\uff0c\u4e13\u95e8\u4e3aRWA\u91cf\u8eab\u6253\u9020\uff0c\u6838\u5fc3\u73a9\u6cd5\u662f\uff1a<\/p>\n<ul>\n<li>\u8bb8\u53ef\u5236\u9a8c\u8bc1\u4eba\uff0c\u4f20\u7edf\u91d1\u878d\u673a\u6784\u5982Franklin Templeton\u3001WisdomTree\u4f5c\u4e3a\u7f51\u7edc\u8282\u70b9\uff0c\u786e\u4fdd\u7f51\u7edc\u7684\u5b89\u5168\u4e0e\u5408\u89c4\uff1b<\/li>\n<li>\u5f00\u653e\u5f0f\u5e94\u7528\u5c42\uff0c\u4efb\u4f55\u5f00\u53d1\u8005\u90fd\u53ef\u4ee5\u5728\u8fd9\u6761\u94fe\u4e0a\u53d1RWA\u4ee3\u5e01\u3001\u505adApp\uff1b<\/li>\n<li>\u5185\u7f6e\u9884\u8a00\u673a+\u8de8\u94fe\u6865\uff0c\u94fe\u4e0a\u7684\u8d44\u4ea7\u4ef7\u683c\u3001\u5229\u7387\u8fd9\u4e9b\u6570\u636e\uff0c\u76f4\u63a5\u7531\u9a8c\u8bc1\u8282\u70b9\u5582\u4ef7\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u4e48\u4e00\u5957\u67b6\u6784\uff0c\u65e2\u80fd\u6ee1\u8db3\u673a\u6784\u5bf9\u5b89\u5168\u3001\u76d1\u7ba1\u7684\u8981\u6c42\uff0c\u4e5f\u4fdd\u8bc1\u4e86Web3\u539f\u751f\u7684\u5f00\u653e\u6027\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u6709\u4e86\u57fa\u7840\u8bbe\u65bd\u4f9b\u5927\u5bb6\u53d1\u5e01\uff0c\u90a3\u4e48\u4ee3\u5e01\u6807\u51c6\u4e5f\u5f97\u5b89\u6392\u4e0a\u3002\u4e8e\u662f\uff0cOndo\u57282024\u5e74\u5ba3\u5e03\u6253\u9020Ondo Global Markets\uff08Ondo GM\uff09\u7684\u8ba1\u5212\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/16\/images\/78e4ca38d3899e25333714412ca89bbc.png\" alt=\"\u89e3\u6790Ondo Finance\uff1a\u7f8e\u56fdRWA\u662f\u600e\u4e48\u73a9\u7684\uff1f\" \/><\/p>\n<p>\u4e00\u5f00\u59cb\uff0cOndo GM\u7684\u8bbe\u8ba1\u8fd8\u662f\u76f8\u5bf9\u4f20\u7edf\uff0c\u8d70\u7684\u662f\u201c\u5238\u5546\u6307\u4ee4\u6a21\u5f0f\u201d\uff0c\u4ee3\u5e01\u4ee3\u8868\u6295\u8d44\u8005\u5728\u4f20\u7edf\u5238\u5546\u4e0b\u8fbe\u7684\u6301\u4ed3\u6307\u4ee4\uff0c\u6574\u4f53\u504f\u8bb8\u53ef\u5236\u3001\u5c01\u95ed\u5f0f\u3002<\/p>\n<p>\u4f46\u6839\u636e2025\u5e742\u6708Ondo\u535a\u6587\u73b0\u663e\u793a\uff0c\u5728\u4e0e\u5f00\u53d1\u8005\u3001TradFi\u673a\u6784\u3001\u7f8e\u76d1\u7ba1\u5b98\u5458\u7684\u6df1\u5165\u4ea4\u6d41\u540e\uff0cOndo GM\u6b63\u5728\u91cd\u65b0\u8bbe\u8ba1\u4e86\u4ee3\u5e01\u5316\u6846\u67b6\uff0c\u5c06RWA\u4ee3\u5e01\u6253\u9020\u6210\u7c7b\u4f3c\u4e8e\u7a33\u5b9a\u5e01\u8fd9\u79cd\uff0c\u4ee3\u5e01\u672c\u8eab\u81ea\u7531\u6d41\u8f6c\uff0c\u4f46\u5206\u53d1\u5c42\u5185\u5d4c\u5408\u89c4\u8bb8\u53ef\u7684\u903b\u8f91\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u4efb\u4f55\u4ee3\u5e01\u53d1\u884c\u8005\u90fd\u53ef\u4ee5\u901a\u8fc7Ondo GM\u53d1\u884c\u5408\u89c4\u4e14\u7075\u6d3b\u7684RWA\u4ee3\u5e01\u3002<\/p>\n<p>\u7efc\u4e0a\uff0c\u5f53\u522b\u4eba\u8fd8\u5728\u7814\u7a76\u600e\u4e48\u53d1RWA\u8d44\u4ea7\u7684\u65f6\u5019\uff0cOndo\u5df2\u7ecf\u505a\u8d77\u4e86\u4e00\u5957RWA\u8d44\u4ea7\u5982\u4f55\u4ece\u4f20\u7edf\u91d1\u878d\u4e16\u754c\uff0c\u987a\u5229\u5ac1\u63a5\u5230\u94fe\u4e0a\u7684\u5168\u94fe\u8def\u7cfb\u7edf\u3002<\/p>\n<h3>Ondo\u4e4b\u4e8e\u7f8e\u56fdRWA<\/h3>\n<p>\u804a\u5b8cOndo\u7684RWA\u6a21\u5f0f\uff0c\u54b1\u4eec\u518d\u6765\u62c9\u9ad8\u4e00\u5c42\uff0c\u770b\u770bOndo\u5230\u5e95\u89e3\u51b3\u4e86\u4ec0\u4e48\u95ee\u9898\uff0c\u53c8\u63a8\u52a8\u4e86\u7f8e\u56fdRWA\u884c\u4e1a\u54ea\u4e9b\u8fdb\u5c55\uff1f<\/p>\n<p>\u66fc\u6606\u5f8b\u5e08\u8ba4\u4e3a\uff0c\u53ef\u4ee5\u4ece\u4ee5\u4e0b\u4e24\u4e2a\u5c42\u9762\u51fa\u53d1\uff1a<\/p>\n<h4><strong>\u5e02\u573a\u5c42\u9762<\/strong><\/h4>\n<p>\u5f53\u524d\u884c\u4e1a\u4e2d\uff0c\u5f88\u591a\u4eba\u804a\u8d77RWA\uff0c\u66f4\u591a\u7684\u53d9\u4e8b\u90fd\u505c\u7559\u5728\u201c\u5e2e\u4f20\u7edf\u4f01\u4e1a\u53d1\u5e01\u878d\u8d44\u201d\u8fd9\u4e00\u6b65\u3002\u4f46\u66fc\u6606\u5f8b\u5e08\u8ba4\u4e3a\uff0cRWA\u7684\u771f\u6b63\u4ef7\u503c\uff0c\u4ece\u6765\u90fd\u4e0d\u53ea\u662f\u53d1\u4e2a\u5e01\u3002\u5bf9\u4f18\u8d28\u8d44\u4ea7\u6765\u8bf4\uff0c\u63a2\u7d22RWA\uff0c\u662f\u8ba9\u5df2\u5177\u5907\u4ef7\u503c\u7684\u8d44\u4ea7\u83b7\u5f97\u66f4\u9ad8\u7684\u6d41\u52a8\u6027\u673a\u4f1a\u548c\u4f7f\u7528\u6548\u7387\uff0c\u95e8\u69db\u8f83\u4e4bABS\u3001REITS\u7b49\u76f8\u5bf9\u5bbd\u677e\uff0c\u66f4\u53ef\u4ee5\u4f7f\u7528\u901a\u8bc1\u53ef\u7f16\u7a0b\u7684\u7279\u6027\uff0c\u5728\u672a\u6765\u627e\u5230\u66f4\u591a\u6fc0\u6d3b\u8d44\u4ea7\u7684\u7ec4\u5408\u65b9\u5f0f\u3002\u3002<\/p>\n<p>\u5728\u8fd9\u4e00\u70b9\u4e0a\uff0cOndo\u7684\u8bbe\u8ba1\u7b97\u662f\u7ed9\u884c\u4e1a\u6811\u7acb\u4e86\u4e00\u4e2a\u6807\u51c6\u3002<\/p>\n<p>\u4e0d\u7ba1\u662f\u5b83\u5df2\u7ecf\u53d1\u884c\u7684\u4e24\u6b3eRWA\u4ee3\u5e01\uff0c\u8fd8\u662f\u6b63\u5728\u6253\u9020\u7684Ondo GM\uff0c\u90fd\u5728\u5efa\u8bbe\u4e00\u4e2a7*24\u5c0f\u65f6\u6d41\u901a\u3001\u968f\u65f6\u94f8\u9020\u548c\u8d4e\u56de\u7684\u65b0\u91d1\u878d\u5e02\u573a\uff0c\u6253\u7834\u4e86\u4f20\u7edf\u91d1\u878d\u90a3\u5957\u201c\u53ea\u5728\u4e0a\u73ed\u65f6\u95f4\u5f00\u76d8\u201d\u7684\u89c4\u5219\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u6d41\u901a\u53ea\u662f\u7b2c\u4e00\u6b65\u3002\u4f20\u7edf\u91d1\u878d\u4ea7\u54c1\u4e5f\u4e0d\u662f\u4e0d\u80fd\u6d41\u901a\uff0c\u53ea\u4e0d\u8fc7\uff0c\u5b83\u4eec\u7684\u6d41\u52a8\u6027\u5f80\u5f80\u5c40\u9650\u5728\u7279\u5b9a\u65f6\u95f4\u3001\u7279\u5b9a\u5e73\u53f0\uff0c\u8de8\u5e02\u573a\u3001\u8de8\u8d44\u4ea7\u7684\u73a9\u6cd5\u57fa\u672c\u88ab\u9501\u6b7b\u3002\u5c31\u50cf\u4f60\u4e70\u4e86\u9ec4\u91d1ETF\u3001\u503a\u5238\u57fa\u91d1\uff0c\u8fd9\u4e9b\u8d44\u4ea7\u867d\u7136\u5728\u8d26\u6237\u91cc\u201c\u6d41\u7740\u201d\uff0c\u4f46\u4f60\u80fd\u5e72\u561b\uff1f\u6700\u591a\u7b49\u7740\u6da8\u8dcc\uff0c\u6216\u8005\u6362\u4e2a\u5e73\u53f0\u518d\u4e70\u5356\uff0c\u60f3\u53c2\u4e0e\u70b9\u501f\u8d37\u3001\u6536\u76ca\u3001\u884d\u751f\u54c1\u8fd9\u6837\u7684\u73a9\u6cd5\uff0c\u57fa\u672c\u662f\u6ca1\u95e8\u3002<\/p>\n<p>\u800cOndo\u7684RWA\u8bbe\u8ba1\uff0c\u5c31\u662f\u5c06\u8fd9\u4e9b\u201c\u56f4\u5899\u201d\u6253\u7834\u3002\u5c24\u5176\u662fDeFi\u73a9\u6cd5\uff0c\u53ef\u4ee5\u5c06\u8fd9\u4e9b\u4ee3\u5e01\u5316\u7684\u4f20\u7edf\u91d1\u878d\u8d44\u4ea7\u62c9\u8fdb\u94fe\u4e0a\u5404\u7c7b\u5e94\u7528\u573a\u666f\u3002\u8bf4\u767d\u4e86\uff0c\u5c31\u662f\u8ba9\u8fd9\u4e9b\u539f\u6765\u53ea\u80fd\u201c\u8eba\u8d5a\u201d\u7684\u8d44\u4ea7\u5728\u94fe\u4e0a\u91cd\u7ec4\u589e\u503c\uff0c\u8fd9\u53ef\u80fd\u624d\u662f\u6316\u6398RWA\u771f\u6b63\u4ef7\u503c\u65b9\u5411\u3002<\/p>\n<h4><strong>\u5408\u89c4\u5c42\u9762<\/strong><\/h4>\n<p>\u5e02\u573a\u5c42\u9762\u7684\u903b\u8f91\u5176\u5b9e\u5f88\u597d\u5b9e\u73b0\uff0c\u6709\u6280\u672f\u6709\u8d44\u91d1\u5c31\u597d\u529e\u3002\u4f46\u5728\u7f8e\u56fd\u5e02\u573a\uff0c\u60f3\u628a\u8bc1\u5238\u8d44\u4ea7\u642c\u4e0a\u94fe\uff0c\u5408\u89c4\u624d\u662f\u5173\u952e\u95e8\u69db\uff0c\u5c24\u5176\u662f\u5728\u524d\u51e0\u5e74\u7f8e\u56fdSEC\u6b65\u6b65\u7d27\u903c\u8fd9\u4e0b\u3002<\/p>\n<p>\u6240\u4ee5\u8bf4\uff0cOndo\u80fd\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0c\u505a\u5927\u505a\u5f3a\uff0c\u5408\u89c4\u5c42\u9762\u5fc5\u7136\u6709\u4e00\u5b9a\u7684\u8bf4\u9053\u3002<\/p>\n<p>\u9996\u5148\uff0c\u66fc\u6606\u5f8b\u5e08\u5728\u8bbf\u95eeOndo\u5e73\u53f0\u65f6\u53d1\u73b0\uff0c\u5f88\u591a\u4ea7\u54c1\u5728\u7f8e\u56fdIP\u4e0b\u65e0\u6cd5\u4f7f\u7528\uff0c\u6bd4\u5982\u4ee3\u5e01\u7c7b\u3002\u8fd9\u610f\u5473\u7740\uff0cOndo\u5728\u4ea7\u54c1\u8bbe\u8ba1\u4e0a\uff0c\u901a\u8fc7\u4e3b\u52a8\u5bf9\u7f8e\u56fd\u7528\u6237\u8bbe\u9650\uff0c\u89c4\u907f\u6389\u7f8e\u56fd\u76d1\u7ba1\u7684\u9ad8\u538b\u533a\u57df\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u5149\u5c4f\u853d\u7f8e\u56fdIP\u662f\u4e0d\u591f\u7684\u3002\u56e0\u4e3a\u951a\u5b9a\u7684\u8d44\u4ea7\u6765\u81ea\u7f8e\u56fd\u5e02\u573a\uff0cOndo\u5728\u6258\u7ba1\u3001\u5ba1\u8ba1\u3001\u7834\u4ea7\u9694\u79bb\u8fd9\u4e9b\u4e0e\u8d44\u91d1\u76f4\u63a5\u6302\u94a9\u7684\u73af\u8282\uff0c\u5fc5\u987b\u4e25\u683c\u9075\u5faa\u4e86\u7f8e\u56fd\u5408\u89c4\u6807\u51c6\uff0c\u5373\u4f7f\u9762\u5411\u7528\u6237\u6765\u81ea\u6d77\u5916\u3002\u56e0\u6b64\uff0cOndo\u5728\u8fd9\u4e9b\u73af\u8282\u91c7\u53d6\u4e86\u8bf8\u5982\uff1a\u5c06\u8d44\u4ea7\u6258\u7ba1\u5728\u53d7\u7f8e\u76d1\u7ba1\u7684\u4fe1\u6258\u673a\u6784\uff08\u5982Ankura Trust\uff09\uff0c\u501f\u8d37\u73a9\u6cd5\u4e25\u683c\u8fdb\u884c\u8bb8\u53ef\u548c\u8d44\u8d28\u5ba1\u6838\uff0c\u8bbe\u8ba1\u7834\u4ea7\u9694\u79bb\u673a\u5236\uff0c\u4fdd\u969c\u6295\u8d44\u8005\u4f18\u5148\u7d22\u507f\u6743\u7b49\u63aa\u65bd\u3002<\/p>\n<p>\u4f46\u95ee\u9898\u5728\u4e8e\uff0c\u6d77\u5916\u5e02\u573a\u6709\u4e86\uff0c\u7f8e\u56fd\u5e02\u573a\u53c8\u8be5\u600e\u4e48\u529e\uff1f<\/p>\n<p>2025\u5e74\uff0cOndo\u8054\u5408Davis Polk\u5f8b\u5e08\u4e8b\u52a1\u6240\uff0c\u4e0e\u7f8eSEC\u5c31\u4ee3\u5e01\u5316\u8bc1\u5238\u5408\u89c4\u8fdb\u884c\u5546\u8c08\uff0c\u4e8e\u662f\u6709\u4e86\u4e0a\u6587\u66fc\u6606\u5f8b\u5e08\u63d0\u5230\u7684\u201c\u5305\u88f9\u578b\u8bc1\u5238\u4ee3\u5e01\u201d\u7684\u65b9\u6848\uff0c\u5373\u901a\u8fc7\u5206\u53d1\u5c42\u5d4c\u5165\u6743\u9650\u63a7\u5236\uff0c\u63a2\u7d22\u6ce8\u518c\u8c41\u514d\u3001\u5e02\u573a\u7ed3\u6784\u8c41\u514d\u7b49\u8def\u5f84\uff0c\u8bd5\u56fe\u8ba9\u4ee3\u5e01\u5316\u8bc1\u5238\u5728\u7f8e\u56fd\u5e02\u573a\u627e\u5230\u5408\u6cd5\u843d\u5730\u7684\u7a7a\u95f4\u3002<\/p>\n<p>\u4e5f\u5c31\u662f\u8bf4\uff0cOndo\u4e00\u8fb9\u7528\u73b0\u6709\u7684\u5408\u89c4\u6846\u67b6\uff0c\u7a33\u624e\u7a33\u6253\u8dd1\u901a\u975e\u7f8e\u5e02\u573a\uff1b\u53e6\u4e00\u8fb9\u53c8\u4e3b\u52a8\u548c\u7f8e\u56fd\u76d1\u7ba1\u5bf9\u8bdd\uff0c\u8bd5\u56fe\u5728\u9ad8\u538b\u73af\u5883\u4e2d\uff0c\u63a2\u51fa\u4e00\u6761RWA\u8d44\u4ea7\u5408\u89c4\u843d\u5730\u7684\u53ef\u80fd\u6027\u3002<\/p>\n<h3>\u66fc\u6606\u5f8b\u5e08\u5b9e\u52a1\u5efa\u8bae<\/h3>\n<p>\u804a\u4e86\u8fd9\u4e48\u591a\uff0c\u8ba9\u6211\u4eec\u91cd\u65b0\u56de\u5230\u6700\u5173\u952e\u7684\u95ee\u9898\uff1a\u7f8e\u56fdRWA\u5230\u5e95\u600e\u4e48\u73a9\uff1f<\/p>\n<p>\u66fc\u6606\u5f8b\u5e08\u7684\u5efa\u8bae\u662f\uff1a\u522b\u5e7b\u60f3\u4e00\u6b65\u5230\u4f4d\uff0c\u89c4\u907f+\u63a2\u7d22\uff0c\u5e73\u8861+\u5206\u6b65\uff0c\u624d\u662f\u6700\u73b0\u5b9e\u7684\u6253\u6cd5\uff1a<\/p>\n<p>\u7b2c\u4e00\uff0c\u5e02\u573a\u4e0d\u7f3a\u4ea7\u54c1\uff0c\u7f3a\u7684\u662f\u201c\u6d3b\u8def\u201d\u3002\u7f8e\u56fd\u8bc1\u5238\u5e02\u573a\u4f53\u91cf\u5927\u3001\u8d44\u4ea7\u8d28\u91cf\u9ad8\uff0c\u786e\u5b9e\u662fRWA\u7684\u7406\u60f3\u6c60\u5b50\u3002\u4f46\u76d1\u7ba1\u58c1\u5792\u4e5f\u9ad8\uff0c\u4ece\u8bc1\u5238\u6cd5\u3001\u5e02\u573a\u7ed3\u6784\uff0c\u5230\u7ecf\u7eaa\u5546\u3001\u53cd\u6d17\u94b1\uff0c\u6bcf\u4e00\u73af\u90fd\u662f\u201c\u5730\u96f7\u533a\u201d\u3002\u867d\u7136\u73b0\u5728\u52a0\u5bc6\u53cb\u597d\u7684SEC\u4e3b\u5e2d\u4e0a\u53f0\uff0c\u4f46\u8c01\u4e5f\u4e0d\u77e5\u9053\u63a5\u4e0b\u6765\u76d1\u7ba1\u65b9\u5411\u4f1a\u5f80\u54ea\u91cc\u62d0\u5f2f\u3002\u6240\u4ee5\u8bf4\uff0c\u8fd8\u662f\u975e\u7f8e\u5e02\u573a\u5148\u843d\u5730\uff0c\u8d44\u4ea7\u7aef\u4fdd\u8bc1\u7b26\u5408\u76d1\u7ba1\u4e3a\u4e0a\u3002<\/p>\n<p>\u7b2c\u4e8c\uff0c\u60f3\u5b66\u7740\u8bbe\u8ba1\u66f4\u591a\u73a9\u6cd5\uff0c\u4f46\u8fb9\u754c\u4e5f\u8981\u6ce8\u610f\u3002\u5c24\u5176\u662fDeFi\u73a9\u6cd5\uff0c\u56fa\u7136\u5f88\u4e30\u5bcc\uff0c\u4f46\u5728\u7f8e\u56fd\u5e02\u573a\uff0c\u73a9\u6cd5\u8d8a\u82b1\u54e8\uff0c\u76d1\u7ba1\u8d8a\u654f\u611f\u3002\u53e6\u5916\uff0c\u4e5f\u522b\u603b\u60f3\u7740\u53bb\u4e2d\u5fc3\u5316\u90a3\u6761\u8def\uff0c\u4e8b\u5b9e\u8bc1\u660e\u60f3\u5408\u89c4\uff0c\u8fd8\u662f\u9700\u8981\u4e2d\u5fc3\u5316\u7684\u53c2\u4e0e\uff0c\u5c24\u5176\u662f\u501f\u8d37\u3001\u884d\u751f\u54c1\u8fd9\u7c7b\u9ad8\u98ce\u9669\u573a\u666f\uff0c\u4e2d\u5fc3\u5316\u7684\u9650\u5236\u8ba9\u73a9\u6cd5\u66f4\u52a0\u5b89\u5168\u900f\u660e\u3002<\/p>\n<p>\u7b2c\u4e09\uff0c\u591a\u4e0e\u76d1\u7ba1\u5bf9\u8bdd\uff0c\u63d0\u524d\u94fa\u8def\u3002\u522b\u60f3\u7740\u7ed5\u8fc7\u53bb\uff0c\u7ed5\u4e0d\u8fc7\u53bb\u7684\u3002\u7f8e\u56fd\u5e02\u573a\u76d1\u7ba1\u5f3a\u52bf\uff0c\u60f3\u505a\u5927\uff0c\u5fc5\u987b\u6709\u81ea\u5df1\u7684\u5408\u89c4\u5e03\u5c40\uff0c\u5305\u62ec\u63d0\u524d\u4e0e\u5f8b\u6240\u5408\u4f5c\uff0c\u6216\u8005\u7ec4\u5efa\u81ea\u5df1\u7684\u6cd5\u52a1\u56e2\u961f\uff0c\u4e3b\u52a8\u4e0e\u7f8eSEC\u5bf9\u8bdd\uff0c\u63a2\u7d22\u5408\u89c4\u8def\u5f84\u3002<\/p>\n<p>\u603b\u4e4b\uff0c\u5148\u628a\u5e02\u573a\u548c\u5408\u89c4\u4e24\u5927\u62a4\u57ce\u6cb3\u6316\u597d\uff0c\u518d\u6162\u6162\u627e\u8def\u7a81\u7834\uff0c\u522b\u60f3\u7740\u4e00\u53e3\u5403\u6210\u80d6\u5b50\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f53\u4e0b\uff0cRWA\u7740\u5b9e\u662f\u706b\u3002 \u4ece4\u6708\u521d\u7684\u9999\u6e2fWeb3\u5609\u5e74\u534e\uff0c\u5230\u8fd1\u671fWeb3\u5f8b\u5e08\u5708\u5b50\uff0c\u5927\u5bb6\u804a\u7684\u90fd\u662fRWA\u3002\u4e5f\u4e0d\u662f\u6ca1\u6709\u9053 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=963"}],"version-history":[{"count":0,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/964"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=963"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}