[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"tag-tokenization":3},{"tag":4,"articles":10,"peer_article_count":141},{"id":5,"name":6,"slug":6,"article_count":7,"description_zh":8,"description_en":9},"1f035621-7c88-4830-93f8-dbc0447cb006","tokenization",5,"Tokenization 是把資產、權利或資料切成可在鏈上流通的單位，常見於 tokenized assets、stablecoins、證券與清算流程。它之所以重要，在於它正從加密實驗變成金融與資料基礎設施的一部分，也牽動監管、流動性與系統風險。","Tokenization turns assets, rights, or data into transferable on-chain units, from tokenized securities and stablecoins to settlement and collateral workflows. It matters because the model is shifting from crypto experiments into financial infrastructure, raising questions about regulation, liquidity, and system risk.",[11,20,27,34,41,49,56,63,70,77,84,91,98,105,113,120,127,134],{"id":12,"slug":13,"title":14,"summary":15,"category":16,"image_url":17,"cover_image":17,"language":18,"created_at":19},"10f14e61-67c3-4c5e-b561-371efdffb18f","framework-tokenization-ai-financing-fund-zh","Framework 把代幣化變融資","我拆 Framework 這支 4 億美元基金的思路：代幣化不是拿來炒，而是拿來替 AI、機器人和能源做融資。","industry","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782727404282-u4vv.png","zh","2026-06-29T10:02:58.99285+00:00",{"id":21,"slug":22,"title":23,"summary":24,"category":16,"image_url":25,"cover_image":25,"language":18,"created_at":26},"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","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。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782185577271-2wur.png","2026-06-23T03:32:33.388896+00:00",{"id":28,"slug":29,"title":30,"summary":31,"category":16,"image_url":32,"cover_image":32,"language":18,"created_at":33},"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","我拆一篇 2026 RWA 代幣化文章，整理成能直接抄的法務、營運與上線檢查清單。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782184696459-t7qe.png","2026-06-23T03:17:50.080174+00:00",{"id":35,"slug":36,"title":37,"summary":38,"category":16,"image_url":39,"cover_image":39,"language":18,"created_at":40},"c40b20df-d89a-43ae-bb11-11062dcd2cd2","llms-work-by-predicting-next-token-zh","5 個關鍵部件看懂 LLMs","5 個關鍵部件帶你看懂 LLMs 如何從資料、token、注意力到對齊，進而判斷訓練與部署該看什麼。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781889466449-7e9g.png","2026-06-19T17:17:20.910277+00:00",{"id":42,"slug":43,"title":44,"summary":45,"category":46,"image_url":47,"cover_image":47,"language":18,"created_at":48},"6bbdd2f8-bf8c-43b7-ad81-b7b13ce9260b","solana-latest-updates-real-utility-pressure-zh","5 個訊號看懂 Solana 的真實需求與壓力","5 個 Solana 更新同時指向真實採用、技術升級與資金壓力，幫你判斷 SOL 短線是看基本面還是看市場情緒。","blockchain","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781361175809-e7oc.png","2026-06-13T14:32:24.344403+00:00",{"id":50,"slug":51,"title":52,"summary":53,"category":46,"image_url":54,"cover_image":54,"language":18,"created_at":55},"3799639b-4239-439f-813a-7a45dd8df6c0","tokenizations-real-limits-private-credit-zh","私募信貸代幣化的真限制","這篇指南帶你拆解私募信貸代幣化的實際限制，從資產結構、結算、風險、互通到合規，判斷它在哪些場景真的有用。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781261276031-olzo.png","2026-06-12T10:47:27.53033+00:00",{"id":57,"slug":58,"title":59,"summary":60,"category":46,"image_url":61,"cover_image":61,"language":18,"created_at":62},"fb331a6b-3d61-41e0-9c9a-fb038766a3bb","rwa-tokenization-assets-on-chain-zh","RWA 代幣化已經上鏈交易","RWA 代幣化已經把美債、股票、收藏品和私募曝險搬上鏈。BlackRock、Circle、Franklin Templeton 與 BNB Chain 都在推進，數十億美元資產已進入實際市場。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781260389810-lqbl.png","2026-06-12T10:32:37.80913+00:00",{"id":64,"slug":65,"title":66,"summary":67,"category":16,"image_url":68,"cover_image":68,"language":18,"created_at":69},"d38a85bf-71b3-4f87-9542-140b6a98fc9d","schwab-tokenization-rwa-playbook-zh","Schwab 的代幣化文章變成 RWA 實戰模板","我把 Schwab 的 tokenization 文章拆成可直接照抄的 RWA 實戰框架，最後附上可複製模板。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1780942692016-uh0w.png","2026-06-08T18:17:42.043436+00:00",{"id":71,"slug":72,"title":73,"summary":74,"category":46,"image_url":75,"cover_image":75,"language":18,"created_at":76},"cbb3e634-3cf7-4dc7-beaf-89bdd3d90112","abra-turns-tokenization-into-crypto-banking-play-zh","Abra 把代幣化做成銀行模板","我拆 Abra 怎麼把代幣化、收益、借貸串成一個像銀行的 crypto 模板，最後給你可直接套用的產品框架。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1780894096891-1o06.png","2026-06-08T04:47:51.403064+00:00",{"id":78,"slug":79,"title":80,"summary":81,"category":16,"image_url":82,"cover_image":82,"language":18,"created_at":83},"9c6d2d5e-024c-4d9f-98f3-189f7cc49e7f","citi-tokenization-forecast-turns-markets-onchain-zh","Citi 讓市場上鏈變成可抄模板","我把 Citi 的 tokenization 預測拆成一份可直接套用的市場上鏈 playbook，重點放在公募市場、穩定幣和結算流程。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1780893202362-o4nq.png","2026-06-08T04:32:53.129361+00:00",{"id":85,"slug":86,"title":87,"summary":88,"category":16,"image_url":89,"cover_image":89,"language":18,"created_at":90},"a1119341-06e2-47ed-95f0-192f89c277a7","sec-draft-plan-puts-crypto-rules-first-zh","SEC草案把加密規則排第一","我拆 SEC 草案怎麼把加密規則排前面，順手給你一份可直接拿去做政策、合規、token 化產品審查的模板。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1780534108464-yi2d.png","2026-06-04T00:48:00.749142+00:00",{"id":92,"slug":93,"title":94,"summary":95,"category":16,"image_url":96,"cover_image":96,"language":18,"created_at":97},"cda191d4-e7a3-451c-a85f-7c9ca1acb8b1","bis-tokenization-real-value-payments-zh","BIS 把代幣化搬進真實支付","BIS 要把 Project Agorá 從模擬測試，推進到用真實資金的跨境支付試驗。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1780141683590-qo7e.png","2026-05-30T11:47:33.897597+00:00",{"id":99,"slug":100,"title":101,"summary":102,"category":46,"image_url":103,"cover_image":103,"language":18,"created_at":104},"f4fbde37-2adb-4541-a5f7-fa9288490816","why-web3-never-caught-on-defi-stablecoins-zh","Web3 為何沒紅，誰接棒了","Web3 沒變成清楚標準，DeFi、穩定幣和資產代幣化卻一直在落地。這篇整理它為何沒紅，以及真正留下來的是哪些產品。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1779610562073-zzyt.png","2026-05-24T08:15:34.689593+00:00",{"id":106,"slug":107,"title":108,"summary":109,"category":110,"image_url":111,"cover_image":111,"language":18,"created_at":112},"84c57927-1ac4-4b83-a627-ebca29932837","convextok-tokenisation-convex-relaxations-zh","ConvexTok 把分詞器變成最佳化問題","ConvexTok 把分詞器建構改寫成線性規劃，讓 tokenization 更接近最佳解，且在常見詞彙大小下可逼近最優 1% 內。","research","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1779431161695-f98i.png","2026-05-22T06:25:36.342634+00:00",{"id":114,"slug":115,"title":116,"summary":117,"category":16,"image_url":118,"cover_image":118,"language":18,"created_at":119},"ba2059e6-6d51-4fe5-a53a-7e1f1d5c8af1","saylor-tokenization-investors-shop-for-yield-zh","Saylor：代幣化會讓投資人比收益","Michael Saylor 認為 tokenization 會讓資產持有人直接比較信用條件與收益，進而壓縮銀行和券商的定價權。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1779402360136-scyv.png","2026-05-21T22:25:26.950912+00:00",{"id":121,"slug":122,"title":123,"summary":124,"category":16,"image_url":125,"cover_image":125,"language":18,"created_at":126},"bb1e654b-e463-4ef3-a631-12942c5736fd","tokenization-moving-from-idea-to-infrastructure-zh","Tokenization 從概念走向基礎建設","Consensus 2026 顯示 tokenized assets、stablecoins 與 prediction markets 正從加密概念，走進機構金融與實際清算流程。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1777594859557-t2p0.png","2026-05-01T00:20:42.607822+00:00",{"id":128,"slug":129,"title":130,"summary":131,"category":46,"image_url":132,"cover_image":132,"language":18,"created_at":133},"0396b8e5-c890-4a74-aac8-98c707ce10f2","imf-cautious-tokenization-us-permissionless-push-zh","IMF 要求謹慎，美國開放 Tokenization","IMF 盯著 tokenization 的風險，美國卻開始把 permissionless blockchain 納入銀行資本規則。這場政策分歧，正在改寫金融基礎設施的設計方式。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1775304588245-4lv2.png","2026-04-04T12:09:31.195174+00:00",{"id":135,"slug":136,"title":137,"summary":138,"category":46,"image_url":139,"cover_image":139,"language":18,"created_at":140},"d30e6203-d522-41a1-b529-fcf4499cd985","web3-explained-what-it-is-why-it-matters-zh","Web3 是什麼，為何重要","Web3 想把資料、身分與資產控制權拉回使用者手上。本文用 blockchain、smart contracts、IPFS 與 Web2 對比，講清楚它到底解決什麼問題。","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1775115801789-ruxr.png","2026-04-02T06:15:32.580114+00:00",26]