{"id":791,"date":"2025-07-15T03:54:19","date_gmt":"2025-07-15T03:54:19","guid":{"rendered":"https:\/\/community.ex.io\/?p=791"},"modified":"2025-07-16T02:22:39","modified_gmt":"2025-07-16T02:22:39","slug":"the-evolution-of-real-world-asset-rwa-tokenization","status":"publish","type":"post","link":"https:\/\/community.ex.io\/zh\/2025\/07\/15\/the-evolution-of-real-world-asset-rwa-tokenization\/","title":{"rendered":"\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u7684\u6f14\u9032"},"content":{"rendered":"

\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u5df2\u5f9e\u4e00\u500b\u5c0f\u773e\u6982\u5ff5\u8f49\u8b8a\u70ba\u73fe\u4ee3\u91d1\u878d\u7684\u57fa\u77f3\uff0c\u91cd\u5851\u4e86\u8cc7\u7522\u7684\u64c1\u6709\u3001\u4ea4\u6613\u548c\u7ba1\u7406\u65b9\u5f0f\u3002\u5c0d\u65bc\u65b0\u63a5\u89f8 Web3 \u7684\u50b3\u7d71\u91d1\u878d\u5c08\u696d\u4eba\u58eb\u4f86\u8aaa\uff0c\u4e86\u89e3\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u7684\u6b77\u53f2\u9032\u7a0b\u5c0d\u65bc\u7406\u89e3\u5176\u7576\u524d\u91cd\u8981\u6027\u81f3\u95dc\u91cd\u8981\u3002\u672c\u6587\u662f\u6211\u5011\u4e09\u90e8\u66f2\u7cfb\u5217\u7684\u7b2c\u4e8c\u7bc7\uff0c\u8ffd\u6eaf\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u5f9e 2015 \u5e74\u8d77\u6b65\u5230 2025 \u5e74\u6210\u719f\u7684\u6f14\u9032\u6b77\u7a0b\uff0c\u7a81\u51fa\u95dc\u9375\u91cc\u7a0b\u7891\u548c\u6280\u8853\u9032\u6b65\u3002 <\/p>\n\n\n\n

\u65e9\u671f\u5275\u65b0\uff082015-2018 \u5e74\uff09<\/strong> <\/h2>\n\n\n\n

\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u7684\u6545\u4e8b\u59cb\u65bc 2015 \u5e74\uff0c\u7576\u6642 Digix \u5e73\u53f0\u5728\u4ee5\u592a\u574a Ethereum \u5340\u584a\u93c8\u4e0a\u4ee3\u5e63\u5316\u5be6\u9ad4\u9ec3\u91d1\u3002\u901a\u904e\u5275\u5efa\u7531\u5132\u5b58\u5728\u5b89\u5168\u91d1\u5eab\u4e2d\u7684\u9ec3\u91d1\u652f\u6301\u7684\u6578\u5b57\u4ee3\u5e63\uff0cDigix \u4f7f\u6295\u8cc7\u8005\u80fd\u5920\u64c1\u6709\u9ec3\u91d1\u689d\u7684\u5206\u6578\u90e8\u5206\uff0c\u4f7f\u50b3\u7d71\u4e0a\u6d41\u52d5\u6027\u4f4e\u7684\u8cc7\u7522\u8b8a\u5f97\u53ef\u8a2a\u554f\u4e14\u53ef\u4ea4\u6613\u3002\u9019\u6a19\u8a8c\u8457\u5340\u584a\u93c8\u5728\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u61c9\u7528\u6f5b\u529b\u7684\u958b\u5275\u6027\u4e00\u6b65\u3002 <\/p>\n\n\n\n

2018 \u5e74\uff0c\u623f\u5730\u7522\u884c\u696d\u958b\u59cb\u63a5\u53d7\u4ee3\u5e63\u5316\uff0c\u6a19\u8a8c\u6027\u9805\u76ee\u5305\u62ec\u5728\u4ee5\u592a\u574a Ethereum \u4e0a\u4ee3\u5e63\u5316\u66fc\u54c8\u9813\u4e00\u8655\u516c\u5bd3\u3002\u6b64\u8209\u63aa\u5141\u8a31\u6295\u8cc7\u8005\u8cfc\u8cb7\u9ad8\u50f9\u503c\u7269\u696d\u7684\u5206\u6578\u6240\u6709\u6b0a\uff0c\u5c55\u793a\u4e86\u4ee3\u5e63\u5316\u5982\u4f55\u6c11\u4e3b\u5316\u623f\u5730\u7522\u5e02\u5834\u7684\u9032\u5165\uff0c\u8a72\u5e02\u5834\u6b64\u524d\u4e3b\u8981\u7531\u6a5f\u69cb\u53c3\u8207\u8005\u4e3b\u5c0e\u3002\u9019\u4e9b\u65e9\u671f\u5be6\u9a57\u70ba\u66f4\u5ee3\u6cdb\u7684\u63a1\u7528\u5960\u5b9a\u4e86\u57fa\u790e\uff0c\u8b49\u660e\u4e86\u4ee3\u5e63\u5316\u6709\u5f62\u8cc7\u7522\u7684\u53ef\u884c\u6027\u3002 <\/p>\n\n\n\n

\u8207\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u7684\u6574\u5408\uff082019-2020 \u5e74\uff09<\/strong> <\/h2>\n\n\n\n

2019 \u5e74\u81f3 2020 \u5e74\u671f\u9593\uff0c\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u958b\u59cb\u8207\u8fc5\u901f\u767c\u5c55\u7684\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d DeFi \u751f\u614b\u7cfb\u7d71\u6574\u5408\u3002\u50cf MakerDAO \u9019\u6a23\u7684\u5e73\u53f0\u958b\u59cb\u63a5\u53d7\u4ee3\u5e63\u5316\u7684\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4f5c\u70ba\u5176 DAI \u7a69\u5b9a\u5e63\u7684\u62b5\u62bc\u54c1\uff0c\u4f7f\u6295\u8cc7\u8005\u80fd\u5920\u5728\u53bb\u4e2d\u5fc3\u5316\u501f\u8cb8\u5354\u8b70\u4e2d\u5229\u7528\u767c\u7968\u6216\u623f\u5730\u7522\u7b49\u8cc7\u7522\u3002\u9019\u7a2e\u6574\u5408\u5c07\u50b3\u7d71\u91d1\u878d\u8207\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d DeFi \u9023\u63a5\u8d77\u4f86\uff0c\u5141\u8a31\u8cc7\u7522\u5728\u4e0d\u4f9d\u8cf4\u50b3\u7d71\u9280\u884c\u4e2d\u4ecb\u7684\u60c5\u6cc1\u4e0b\u7528\u65bc\u5275\u65b0\u7684\u91d1\u878d\u61c9\u7528\u3002 <\/p>\n\n\n\n

\u9019\u4e00\u968e\u6bb5\u5728\u64f4\u5c55\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u7684\u5be6\u7528\u6027\u65b9\u9762\u81f3\u95dc\u91cd\u8981\uff0c\u56e0\u70ba\u5b83\u5411\u50b3\u7d71\u91d1\u878d\u5c08\u696d\u4eba\u58eb\u4ecb\u7d39\u4e86\u57fa\u65bc\u5340\u584a\u93c8\u7684\u91d1\u878d\u7cfb\u7d71\u3002\u5c07\u4ee3\u5e63\u5316\u8cc7\u7522\u7528\u65bc\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d DeFi \u5354\u8b70\u7684\u80fd\u529b\u51f8\u986f\u4e86\u5176\u7522\u751f\u6536\u76ca\u548c\u589e\u5f37\u6d41\u52d5\u6027\u7684\u6f5b\u529b\uff0c\u70ba\u9032\u4e00\u6b65\u589e\u9577\u5960\u5b9a\u4e86\u57fa\u790e\u3002 <\/p>\n\n\n\n

\u6280\u8853\u6210\u719f\uff082021-2022 \u5e74\uff09<\/strong> <\/h2>\n\n\n\n

\u5230 2021 \u5e74\uff0c\u5340\u584a\u93c8\u6280\u8853\u7684\u9032\u6b65\u986f\u8457\u63a8\u52d5\u4e86\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u3002\u50cf Solana \u9019\u6a23\u7684\u5e73\u53f0\u63d0\u4f9b\u4e86\u66f4\u9ad8\u7684\u53ef\u64f4\u5c55\u6027\u548c\u66f4\u5feb\u7684\u4ea4\u6613\u901f\u5ea6\uff0c\u89e3\u6c7a\u4e86\u65e9\u671f\u5340\u584a\u93c8\uff08\u5982\u4ee5\u592a\u574a Ethereum\uff09\u7684\u9650\u5236\u3002\u6b64\u5916\uff0c\u50cf Chainlink \u9019\u6a23\u7684\u9810\u8a00\u6a5f\u63d0\u4f9b\u4e86\u5be6\u6642\u6578\u64da\u994b\u9001\uff0c\u9019\u5c0d\u65bc\u7cbe\u78ba\u5b9a\u50f9\u548c\u7ba1\u7406\u4ee3\u5e63\u5316\u8cc7\u7522\u81f3\u95dc\u91cd\u8981\u3002 <\/p>\n\n\n\n

\u9019\u4e9b\u6280\u8853\u6539\u9032\u4f7f\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u66f4\u5177\u5be6\u969b\u6027\u548c\u5438\u5f15\u529b\u3002\u5230 2022 \u5e74\uff0c\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u5df2\u6210\u70ba\u4e00\u7a2e\u516c\u8a8d\u7684\u6295\u8cc7\u5de5\u5177\uff0cCentrifuge \u548c Tokeny \u7b49\u5e73\u53f0\u5728\u4ee3\u5e63\u5316\u5f9e\u79c1\u52df\u80a1\u6b0a\u5230\u767c\u7968\u7b49\u591a\u5143\u5316\u8cc7\u7522\u65b9\u9762\u8655\u65bc\u9818\u5148\u5730\u4f4d\u3002\u6a5f\u69cb\u8208\u8da3\u958b\u59cb\u589e\u9577\uff0c\u9019\u5f97\u76ca\u65bc\u4ee3\u5e63\u5316\u8cc7\u7522\u5728\u6548\u7387\u548c\u900f\u660e\u5ea6\u65b9\u9762\u7684\u627f\u8afe\u3002 <\/p>\n\n\n\n

\u6a5f\u69cb\u63a1\u7528\u8207\u589e\u9577\uff082023-2025 \u5e74\uff09<\/strong> <\/h2>\n\n\n\n

\u5f9e 2023 \u5e74\u5230 2025 \u5e74\uff0c\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u5be6\u73fe\u4e86\u6307\u6578\u7d1a\u589e\u9577\uff0c\u53d7\u5230\u6a5f\u69cb\u63a1\u7528\u7684\u63a8\u52d5\u3002\u5305\u62ec\u8c9d\u840a\u5fb7 BlackRock \u548c\u6469\u6839\u5927\u901a JPMorgan \u5728\u5167\u7684\u4e3b\u8981\u91d1\u878d\u6a5f\u69cb\u63a8\u51fa\u4e86\u4ee3\u5e63\u5316\u57fa\u91d1\uff0c\u4e26\u63a2\u7d22\u5340\u584a\u93c8\u5728\u8cc7\u7522\u7ba1\u7406\u4e2d\u7684\u61c9\u7528\u3002\u4f8b\u5982\uff0c\u8c9d\u840a\u5fb7\u7684 BUIDL \u57fa\u91d1\u7ba1\u7406\u8457\u6578\u5341\u5104\u7f8e\u5143\u7684\u4ee3\u5e63\u5316\u8cc7\u7522\uff0c\u8de8\u8d8a\u591a\u500b\u5340\u584a\u93c8\uff0c\u53cd\u6620\u4e86\u5c0d\u8a72\u6280\u8853\u7684\u5f37\u70c8\u4fe1\u5fc3\u3002 <\/p>\n\n\n\n

\u78b3\u4fe1\u7528\u548c\u7f8e\u8853\u54c1\u7b49\u65b0\u8cc7\u7522\u985e\u5225\u958b\u59cb\u88ab\u4ee3\u5e63\u5316\uff0c\u64f4\u5927\u4e86\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u7684\u7bc4\u570d\u3002\u76e7\u68ee\u5821\u548c\u5217\u652f\u6566\u58eb\u767b\u7b49\u53f8\u6cd5\u7ba1\u8f44\u5340\u7684\u76e3\u7ba1\u6846\u67b6\u63d0\u4f9b\u4e86\u6e05\u6670\u5ea6\uff0c\u9032\u4e00\u6b65\u4f7f\u5e02\u5834\u5408\u6cd5\u5316\u3002\u622a\u81f3 2025 \u5e74 7 \u6708\uff0c\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u5e02\u5834\u50f9\u503c\u6578\u767e\u5104\u7f8e\u5143\uff0c\u9810\u6e2c\u986f\u793a\u672a\u4f86\u5e7e\u5e74\u5c07\u986f\u8457\u589e\u9577\u3002 <\/p>\n\n\n\n

\u5c55\u671b\u672a\u4f86<\/strong> <\/h2>\n\n\n\n

\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u4ee3\u5e63\u5316\u7684\u6f14\u9032\u53cd\u6620\u4e86\u5f9e\u5be6\u9a57\u6027\u9805\u76ee\u5230\u4e3b\u6d41\u91d1\u878d\u5de5\u5177\u7684\u975e\u51e1\u6b77\u7a0b\u3002\u672c\u7cfb\u5217\u7684\u4e0b\u4e00\u7bc7\u6587\u7ae0\u5c07\u63a2\u8a0e\u73fe\u5be6\u4e16\u754c\u8cc7\u7522 RWA \u5e02\u5834\u7684\u7576\u524d\u72c0\u614b\u3001\u95dc\u9375\u767c\u5c55\u3001\u76e3\u7ba1\u6311\u6230\u548c\u672a\u4f86\u8da8\u52e2\uff0c\u63d0\u4f9b\u5176\u5728\u73fe\u4ee3\u91d1\u878d\u4e2d\u89d2\u8272\u7684\u5168\u9762\u8996\u91ce\u3002\u00a0<\/p>\n\n\n\n

\u514d\u8cac\u8072\u660e<\/strong>\uff1a\u6b64\u8655\u5305\u542b\u7684\u5167\u5bb9\u50c5\u4f9b\u53c3\u8003\u548c\u6559\u80b2\u76ee\u7684\u3002 \u865b\u64ec\u8cc7\u7522\u50f9\u683c\u9762\u81e8\u8f03\u9ad8\u7684\u5e02\u5834\u98a8\u96aa\u548c\u50f9\u683c\u6ce2\u52d5\u3002\u60a8\u7684\u6295\u8cc7\u50f9\u503c\u53ef\u80fd\u6703\u4e0b\u964d\u6216\u4e0a\u5347\uff0c\u4e26\u4e14\u60a8\u53ef\u80fd\u7121\u6cd5\u6536\u56de\u6295\u8cc7\u91d1\u984d\u3002\u60a8\u5c0d\u81ea\u5df1\u7684\u6295\u8cc7\u6c7a\u5b9a\u627f\u64d4\u5168\u90e8\u8cac\u4efb\uff0c\u6211\u5011\u5c0d\u60a8\u53ef\u80fd\u906d\u53d7\u7684\u4efb\u4f55\u640d\u5931\u4e0d\u627f\u64d4\u4efb\u4f55\u8cac\u4efb\u3002\u60a8\u61c9\u8a72\u53ea\u6295\u8cc7\u60a8\u719f\u6089\u4e14\u4e86\u89e3\u98a8\u96aa\u7684\u7522\u54c1\u3002\u60a8\u61c9\u4ed4\u7d30\u8003\u616e\u60a8\u7684\u6295\u8cc7\u7d93\u9a57\u3001\u8ca1\u52d9\u72c0\u6cc1\u3001\u6295\u8cc7\u76ee\u6a19\u548c\u98a8\u96aa\u627f\u53d7\u80fd\u529b\uff0c\u4e26\u5728\u9032\u884c\u4efb\u4f55\u6295\u8cc7\u4e4b\u524d\u8aee\u8a62\u7368\u7acb\u8ca1\u52d9\u9867\u554f\u3002\u904e\u53bb\u7684\u8868\u73fe\u4e26\u4e0d\u662f\u4ed6\/\u5979\u672a\u4f86\u8868\u73fe\u7684\u53ef\u9760\u6307\u6a19\u3002\u6211\u5011\u5e73\u53f0\u4e0a\u7684\u5167\u5bb9\u4e0d\u5305\u542b\u5efa\u8b70\u6216\u63a8\u85a6\u3002\u672c\u8cc7\u6599\u4e0d\u61c9\u88ab\u8996\u70ba\u8ca1\u52d9\/\u6295\u8cc7\u5efa\u8b70\u3002\u00a0 \u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Real World Asset (RWA) tokenization has transformed from a niche concept into a cornerstone of modern finance, reshaping how assets are owned, traded, and managed. For traditional finance professionals new to Web3, understanding the historical journey of RWAs provides critical context for their current significance. This second article in our three-part series traces the evolution […]<\/p>","protected":false},"author":4,"featured_media":801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"wp-custom-template-post-no-header-no-footer","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rwa-101-articles"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/posts\/791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/comments?post=791"}],"version-history":[{"count":2,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/posts\/791\/revisions"}],"predecessor-version":[{"id":816,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/posts\/791\/revisions\/816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/media\/801"}],"wp:attachment":[{"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/media?parent=791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/categories?post=791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.ex.io\/zh\/wp-json\/wp\/v2\/tags?post=791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}