[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-citigroup-sees-tokenized-assets-hitting-8-2t-zh":3,"article-related-citigroup-sees-tokenized-assets-hitting-8-2t-zh":32,"series-industry-031360c4-4d0a-46bf-bbd1-ec2db9392537":78},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":24,"views":28,"created_at":29,"published_at":30,"topic_cluster_id":31},"031360c4-4d0a-46bf-bbd1-ec2db9392537","citigroup-sees-tokenized-assets-hitting-8-2t-zh","Citi估8.2兆美元資產將被代幣化","\u003Cp data-speakable=\"summary\">Citigroup 預估\u003Ca href=\"\u002Fnews\u002Frwa-tokenization-turns-assets-into-on-chain-rails-zh\">代幣化\u003C\u002Fa>資產到 2030 年可達 8.2 兆美元。\u003C\u002Fp>\u003Cp>說真的，這個數字很誇張。Citi 給的基準情境是 5.5 兆美元，樂觀情境直接拉到 8.2 兆美元。對照現在約 430 億美元的市場，這不是小修小補，是整個金融基礎設施可能重排。\u003C\u002Fp>\u003Cp>更有意思的是，這次不是幣圈自己喊爽。\u003Ca href=\"https:\u002F\u002Fwww.citigroup.com\u002Fglobal\" target=\"_blank\" rel=\"noopener\">Citigroup\u003C\u002Fa>、\u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\u002F\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa>、\u003Ca href=\"https:\u002F\u002Fwww.dtcc.com\u002F\" target=\"_blank\" rel=\"noopener\">DTCC\u003C\u002Fa>、\u003Ca href=\"https:\u002F\u002Fwww.nasdaq.com\u002F\" target=\"_blank\" rel=\"noopener\">Nasdaq\u003C\u002Fa> 都在碰同一件事。講白了，代幣化已經從實驗室，走到機構的工作清單。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>指標\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003Cth>意義\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>目前代幣化資產市場\u003C\u002Ftd>\u003Ctd>430 億美元\u003C\u002Ftd>\u003Ctd>現階段市場規模\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Citi 基準情境\u003C\u002Ftd>\u003Ctd>5.5 兆美元\u003C\u002Ftd>\u003Ctd>2030 年預測\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Citi 樂觀情境\u003C\u002Ftd>\u003Ctd>8.2 兆美元\u003C\u002Ftd>\u003Ctd>2030 年預測\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>代幣化基金占比\u003C\u002Ftd>\u003Ctd>接近 80%\u003C\u002Ftd>\u003Ctd>目前市值結構\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ethereum 占比\u003C\u002Ftd>\u003Ctd>57.8%\u003C\u002Ftd>\u003Ctd>監測到的代幣化價值\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>為什麼 Citi 會把數字拉這麼高\u003C\u002Fh2>\u003Cp>先別急著吐槽。從 430 億美元跳到 5.5 兆美元，聽起來像在做夢。但如果你把時間拉到 2030 年，這代表市場要從現在的早期階段，變成金融系統的一部分。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782185577271-2wur.png\" alt=\"Citi估8.2兆美元資產將被代幣化\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>代幣化的核心不是發幣。它是把資產權利變成鏈上單位，讓發行、轉移、結算更標準化。這件事很無聊，但金融業最愛這種無聊，因為它能少對帳、少人工、少出錯。\u003C\u002Fp>\u003Cp>目前市場結構也很說明問題。代幣化基金接近 80%，代表最先起飛的不是炒作型資產，而是最容易嵌進既有流程的產品。這種路線很像先從貨幣市場基金開始，再往股票、商品、私募信貸慢慢擴。\u003C\u002Fp>\u003Cul>\u003Cli>目前市場：約 430 億美元\u003C\u002Fli>\u003Cli>Citi 基準情境：2030 年 5.5 兆美元\u003C\u002Fli>\u003Cli>Citi 樂觀情境：2030 年 8.2 兆美元\u003C\u002Fli>\u003Cli>代幣化基金：接近 80%\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>機構採用才是這次的重點\u003C\u002Fh2>\u003Cp>真正讓這篇新聞有份量的，是機構名單。\u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\u002Fcash\u002Fen-us\u002Fproducts\u002F288682\u002Fblackrock-usd-institutional-digital-liquidity-fund\" target=\"_blank\" rel=\"noopener\">BlackRock 的 BUIDL\u003C\u002Fa> 不是玩票。這是全球最大資產管理\u003Ca href=\"\u002Fnews\u002Fai-companies-should-stop-pretending-midterm-spending-is-neut-zh\">公司\u003C\u002Fa>之一，真的把代幣化產品拿去賣。\u003C\u002Fp>\u003Cp>再看 \u003Ca href=\"https:\u002F\u002Fwww.dtcc.com\u002F\" target=\"_blank\" rel=\"noopener\">DTCC\u003C\u002Fa> 和 \u003Ca href=\"https:\u002F\u002Fwww.nasdaq.com\u002F\" target=\"_blank\" rel=\"noopener\">Nasdaq\u003C\u002Fa>。這些不是新創，也不是只會寫白皮書的團隊。它們在做的是清算、交割、發行這些髒活。當這些基礎設施公司開始碰\u003Ca href=\"\u002Ftag\u002F區塊鏈\">區塊鏈\u003C\u002Fa>，市場就不是在談概念，而是在談吞吐量和流程效率。\u003C\u002Fp>\u003Cp>這也解釋了為什麼 Citi 會把預測拉到這麼高。因為一旦機構真的用起來，代幣化就不只是加一個鏈上標籤，而是整個資產生命週期都會變形。從發行到託管，再到二級市場流通，都會被重寫。\u003C\u002Fp>\u003Cblockquote>“The tokenization of assets is a trend that is likely to continue,” Larry Fink, CEO of \u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\u002F\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa>, said on CNBC in 2024.\u003C\u002Fblockquote>\u003Cp>這句話很直接。Larry Fink 不是幣圈 KOL，他是管萬億美元資產的人。當這種人開始公開講代幣化，市場就很難再把它當成邊角料。\u003C\u002Fp>\u003Cp>而且機構採用已經不是單一產品。文章提到代幣化股票、商品、私人信貸和房地產都在推進。這代表市場正在從「先做現金類工具」往更複雜的資產擴張。\u003C\u002Fp>\u003Ch2>數據告訴你，錢先流到哪裡\u003C\u002Fh2>\u003Cp>\u003Ca href=\"https:\u002F\u002Ftokenterminal.com\u002F\" target=\"_blank\" rel=\"noopener\">Token Terminal\u003C\u002Fa> 的資料很有意思。代幣化基金占整體市值接近 80%，代幣化股票只有 3.8%，商品是 16.6%。這個結構很像金融業的老習慣：先挑最容易標準化的東西下手。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782185574664-s62o.png\" alt=\"Citi估8.2兆美元資產將被代幣化\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>換句話說，現在最熱的不是股票本身，而是包裝股票的方式。基金比股票好做，因為它更容易統一規格。商品比股票複雜，但也比完全客製化的私募資產更容易起量。\u003C\u002Fp>\u003Cp>鏈的分布也很有看頭。\u003Ca href=\"\u002Ftag\u002Fethereum\">Ethereum\u003C\u002Fa> 目前占 57.8%，\u003Ca href=\"https:\u002F\u002Fwww.bnbchain.org\u002Fen\" target=\"_blank\" rel=\"noopener\">BNB Chain\u003C\u002Fa> 是 8.5%，\u003Ca href=\"https:\u002F\u002Fzksync.io\u002F\" target=\"_blank\" rel=\"noopener\">zkSync Era\u003C\u002Fa> 是 7.5%，\u003Ca href=\"https:\u002F\u002Fwww.stellar.org\u002F\" target=\"_blank\" rel=\"noopener\">Stellar\u003C\u002Fa> 是 5.4%，\u003Ca href=\"https:\u002F\u002Fwww.xrpl.org\u002F\" target=\"_blank\" rel=\"noopener\">XRP Ledger\u003C\u002Fa> 是 5.8%。這代表市場還是高度集中在少數基礎設施上。\u003C\u002Fp>\u003Cul>\u003Cli>代幣化基金：接近 80%\u003C\u002Fli>\u003Cli>代幣化股票：3.8%\u003C\u002Fli>\u003Cli>代幣化商品：16.6%\u003C\u002Fli>\u003Cli>Ethereum：57.8%\u003C\u002Fli>\u003Cli>BNB Chain：8.5%\u003C\u002Fli>\u003Cli>zkSync Era：7.5%\u003C\u002Fli>\u003Cli>Stellar：5.4%\u003C\u002Fli>\u003Cli>XRP Ledger：5.8%\u003C\u002Fli>\u003C\u002Ful>\u003Cp>對開發者來說，這裡的\u003Ca href=\"\u002Fnews\u002Fmicron-anthropic-deal-earnings-signal-zh\">訊號\u003C\u002Fa>很清楚。誰能把 custody、settlement、KYC、合規與 \u003Ca href=\"\u002Ftag\u002Fapi\">API\u003C\u002Fa> 串順，誰就比較有機會吃到這波流量。光會做 \u003Ca href=\"\u002Ftag\u002Ftoken\">Token\u003C\u002Fa>，不代表能做金融產品。\u003C\u002Fp>\u003Ch2>這波不是幣圈自嗨，而是金融流程改造\u003C\u002Fh2>\u003Cp>如果你把代幣化只看成 \u003Ca href=\"\u002Ftag\u002Fweb3\">Web3\u003C\u002Fa> 名詞，那就看小了。它本質上是在改金融資料結構。以前一筆資產的狀態，分散在多個資料庫、清算系統、託管商和中介機構。代幣化想做的，是把這些狀態收斂成可程式化的資產單位。\u003C\u002Fp>\u003Cp>這也是為什麼銀行會開始認真。因為一旦資產能在鏈上流轉，很多原本要靠人工核對的步驟，都有機會被自動化。不是每個環節都會消失，但每少一層中介，就少一層成本。\u003C\u002Fp>\u003Cp>不過別把它想得太浪漫。真正的瓶頸通常不是鏈，而是法規、託管、清算時點、跨境限制，還有舊系統整合。說穿了，技術只是其中一塊，金融業最難搞的通常是制度。\u003C\u002Fp>\u003Cp>我的判斷很直接：2030 年前，代幣化最先放大的還是基金、國債、貨幣市場工具，因為它們最容易標準化。股票和商品會慢一點，但一旦上量，市場結構就會很不一樣。\u003C\u002Fp>\u003Ch2>結論很簡單，重點是誰先把流程做順\u003C\u002Fh2>\u003Cp>Citigroup 這次不是在喊口號。它是在提醒市場，代幣化資產可能會從 430 億美元，走到兆美元級別。這種變化不會一夕發生，但一旦機構開始把它當正式產品線，節奏就會快很多。\u003C\u002Fp>\u003Cp>接下來值得盯的，不是誰又發了新 Token，而是誰把發行、託管、結算和合規整合成一套可用流程。那才是真正能吃下市場的地方。\u003C\u002Fp>\u003Cp>如果你是開發者，我會建議你直接看三件事：資產發行 API、鏈上結算設計、以及合規資料流。這三個地方，會比單純炒概念更接近下一波機會。\u003C\u002Fp>","Citigroup 預估代幣化資產到 2030 年可達 5.5 兆美元，樂觀情境上看 8.2 兆美元，主因是機構採用加速。","www.livebitcoinnews.com","https:\u002F\u002Fwww.livebitcoinnews.com\u002Fcitigroup-predicts-an-8-trillion-tokenization-boom-by-2030\u002F",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782185577271-2wur.png","industry","zh","af91ca07-713f-4a59-88da-b375a50701b9",[17,18,19,20,21,22,23],"Citigroup","tokenized assets","tokenization","BlackRock","Ethereum","RWA","institutional adoption",[25,26,27],"Citi 預估代幣化資產到 2030 年可達 5.5 兆到 8.2 兆美元。","目前市場約 430 億美元，代幣化基金占比接近 80%。","機構採用是主因，BlackRock、DTCC、Nasdaq 都已加入。",0,"2026-06-23T03:32:33.388896+00:00","2026-06-23T03:32:33.371+00:00","934dbacd-9bb0-45c6-8e73-084b26489646",{"tags":33,"relatedLang":37,"relatedPosts":41},[34,35],{"name":19,"slug":19},{"name":36,"slug":36},"ethereum",{"id":15,"slug":38,"title":39,"language":40},"citigroup-sees-tokenized-assets-hitting-8-2t-en","Citigroup Sees Tokenized Assets Hitting $8.2T","en",[42,48,54,60,66,72],{"id":43,"slug":44,"title":45,"cover_image":46,"image_url":46,"created_at":47,"category":13},"2166c4ec-e128-4281-931e-30b896b6c0ca","baya-openchip-bet-ai-silicon-data-movement-zh","Baya 與 Openchip 押注 AI 晶片未來：關鍵不是算力，而是資料搬運","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782193668588-hvs5.png","2026-06-23T05:47:23.424804+00:00",{"id":49,"slug":50,"title":51,"cover_image":52,"image_url":52,"created_at":53,"category":13},"9bff47f9-faba-408a-b0f9-83d050ed3ab6","rwa-tokenization-turns-assets-into-on-chain-rails-zh","RWA 代幣化把資產變上鏈通道","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782184696459-t7qe.png","2026-06-23T03:17:50.080174+00:00",{"id":55,"slug":56,"title":57,"cover_image":58,"image_url":58,"created_at":59,"category":13},"0bcd7d43-04e9-455e-b0c0-a9d9679a50a2","micron-anthropic-deal-earnings-signal-zh","Micron 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3…","2026-03-26T07:30:12.825269+00:00",{"id":115,"slug":116,"title":117,"created_at":118},"e660d801-2421-4529-8fa9-86b82b066990","metas-llama-4-benchmark-scandal-gets-worse-zh","Meta Llama 4 分數風波又擴大","2026-03-26T07:34:21.156421+00:00",{"id":120,"slug":121,"title":122,"created_at":123},"183f9e7c-e143-40bb-a6d5-67ba84a3a8bc","accenture-mistral-ai-sovereign-enterprise-deal-zh","Accenture 攜手 Mistral AI 賣主權 AI","2026-03-26T07:38:14.818906+00:00",{"id":125,"slug":126,"title":127,"created_at":128},"191d9b1b-768a-478c-978c-dd7431a38149","mistral-ai-faces-its-hardest-year-yet-zh","Mistral AI 迎來最硬的一年","2026-03-26T07:40:23.716374+00:00"]