{"id":18080,"date":"2025-04-18T12:34:32","date_gmt":"2025-04-18T04:34:32","guid":{"rendered":"https:\/\/monsterblockhk.com\/?p=18080"},"modified":"2026-05-04T08:44:16","modified_gmt":"2026-05-04T00:44:16","slug":"what-is-rwa","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/vi\/what-is-rwa\/","title":{"rendered":"\u30102025\u3011RWA l\u00e0 g\u00ec? 3 d\u1ef1 \u00e1n \u0111\u00e1ng ch\u00fa \u00fd trong l\u0129nh v\u1ef1c n\u00e0y v\u00e0 ph\u00e2n t\u00edch r\u1ee7i ro ti\u1ec1m \u1ea9n"},"content":{"rendered":"
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MANTRA l\u00e0 m\u1ed9t d\u1ef1 \u00e1n m\u1edbi n\u1ed5i v\u1edbi kh\u1ea9u hi\u1ec7u \u201cRWA (Real World Assets)\u201d \u2013 n\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, \u0111\u00f3 l\u00e0 \u201c\u0111\u01b0a t\u00e0i s\u1ea3n th\u1ebf gi\u1edbi th\u1ef1c l\u00ean chu\u1ed7i kh\u1ed1i\u201d. D\u00f9 l\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu hay ch\u1ee9ng kho\u00e1n do nh\u00e0 n\u01b0\u1edbc ph\u00e1t h\u00e0nh, t\u1ea5t c\u1ea3 \u0111\u1ec1u c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u00f3ng g\u00f3i v\u00e0 \u0111\u01b0a l\u00ean chu\u1ed7i kh\u1ed1i. Tuy nhi\u00ean, v\u00e0o ng\u00e0y 13 th\u00e1ng 4, d\u1ef1 \u00e1n RWA MANTRA, v\u1ed1n t\u1ef1 h\u00e0o v\u1ec1 \u201ct\u00e0i s\u1ea3n th\u1ef1c tr\u00ean chu\u1ed7i\u201d, \u0111\u00e3 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t \u0111\u1ee3t s\u1ee5t gi\u1ea3m th\u1ea3m kh\u1ed1c. Token $OM c\u1ee7a h\u1ecd \u0111\u00e3 lao d\u1ed1c t\u1eeb m\u1ee9c $6.35 xu\u1ed1ng c\u00f2n $0.37 ch\u1ec9 trong v\u00f2ng m\u1ed9t ng\u00e0y, gi\u1ea3m h\u01a1n 90%, g\u00e2y ch\u1ea5n \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng. Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ed1t l\u00ean \u201cOM bi\u1ebfn th\u00e0nh OMG\u201d, th\u1eadm ch\u00ed c\u00f3 ng\u01b0\u1eddi \u0111\u1eb7t c\u00e2u h\u1ecfi: ngay c\u1ea3 khi c\u00f3 \u201ct\u00e0i s\u1ea3n th\u1ef1c\u201d l\u00e0m h\u1eadu thu\u1eabn, li\u1ec7u c\u00f3 th\u1ec3 c\u1ee9u v\u00e3n \u0111\u01b0\u1ee3c l\u00e0n s\u00f3ng \u201cv\u1ec1 0\u201d n\u00e0y kh\u00f4ng?<\/span><\/span><\/p>

S\u1ef1 vi\u1ec7c n\u00e0y nhanh ch\u00f3ng thu h\u00fat s\u1ef1 ch\u00fa \u00fd, khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ph\u1ea3i suy ng\u1eabm l\u1ea1i v\u1ec1 gi\u00e1 tr\u1ecb th\u1ef1c s\u1ef1 c\u1ee7a l\u0129nh v\u1ef1c RWA (Real World Assets): Vi\u1ec7c \u0111\u01b0a c\u00e1c t\u00e0i s\u1ea3n th\u1ef1c nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu, c\u00e1c kho\u1ea3n ph\u1ea3i thu l\u00ean blockchain c\u00f3 th\u1ef1c s\u1ef1 mang l\u1ea1i \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ti\u1ebfp theo cho th\u1ebf gi\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed hay kh\u00f4ng? Hay \u0111\u00e2y ch\u1ec9 l\u00e0 m\u1ed9t chi\u00eau tr\u00f2 l\u1eeba \u0111\u1ea3o kh\u00e1c \u0111\u01b0\u1ee3c ng\u1ee5y trang d\u01b0\u1edbi l\u1edbp v\u1ecf h\u00e0o nho\u00e1ng? B\u00e0i vi\u1ebft n\u00e0y s\u1ebd b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng nguy\u00ean l\u00fd c\u01a1 b\u1ea3n c\u1ee7a RWA, ph\u00e2n t\u00edch ba d\u1ef1 \u00e1n ti\u00eau bi\u1ec3u, nh\u1eb1m gi\u00fap b\u1ea1n hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 ti\u1ec1m n\u0103ng v\u00e0 r\u1ee7i ro c\u1ee7a l\u0129nh v\u1ef1c RWA.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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T\u00e1c gi\u1ea3: Samson<\/span><\/span><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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S\u1ef1 vi\u1ec7c n\u00e0y nhanh ch\u00f3ng thu h\u00fat s\u1ef1 ch\u00fa \u00fd, khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ph\u1ea3i suy ng\u1eabm l\u1ea1i v\u1ec1 gi\u00e1 tr\u1ecb th\u1ef1c s\u1ef1 c\u1ee7a l\u0129nh v\u1ef1c RWA (Real World Assets): Vi\u1ec7c \u0111\u01b0a c\u00e1c t\u00e0i s\u1ea3n th\u1ef1c nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu, c\u00e1c kho\u1ea3n ph\u1ea3i thu l\u00ean blockchain c\u00f3 th\u1ef1c s\u1ef1 mang l\u1ea1i \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ti\u1ebfp theo cho th\u1ebf gi\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed hay kh\u00f4ng? Hay \u0111\u00e2y ch\u1ec9 l\u00e0 m\u1ed9t chi\u00eau tr\u00f2 l\u1eeba \u0111\u1ea3o kh\u00e1c \u0111\u01b0\u1ee3c ng\u1ee5y trang d\u01b0\u1edbi l\u1edbp v\u1ecf h\u00e0o nho\u00e1ng? B\u00e0i vi\u1ebft n\u00e0y s\u1ebd b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng nguy\u00ean l\u00fd c\u01a1 b\u1ea3n c\u1ee7a RWA, ph\u00e2n t\u00edch ba d\u1ef1 \u00e1n ti\u00eau bi\u1ec3u, nh\u1eb1m gi\u00fap b\u1ea1n hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 ti\u1ec1m n\u0103ng v\u00e0 r\u1ee7i ro c\u1ee7a l\u0129nh v\u1ef1c RWA.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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RWA l\u00e0 g\u00ec?<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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\u201cRWA\u201d l\u00e0 vi\u1ebft t\u1eaft c\u1ee7a Real World Assets, c\u00f3 ngh\u0129a l\u00e0 t\u00e0i s\u1ea3n trong th\u1ebf gi\u1edbi th\u1ef1c. N\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, \u0111\u00f3 l\u00e0 vi\u1ec7c \u0111\u01b0a c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n trong th\u1ebf gi\u1edbi th\u1ef1c (b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu, v\u00e0ng\u2026 b\u1ea5t c\u1ee9 th\u1ee9 g\u00ec b\u1ea1n c\u00f3 th\u1ec3 ngh\u0129 ra) l\u00ean blockchain th\u00f4ng qua qu\u00e1 tr\u00ecnh token h\u00f3a. H\u00e3y t\u01b0\u1edfng t\u01b0\u1ee3ng vi\u1ec7c bi\u1ebfn gi\u1ea5y ch\u1ee9ng nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu nh\u00e0 c\u1ee7a b\u1ea1n th\u00e0nh m\u1ed9t NFT tr\u00ean Ethereum, ho\u1eb7c chia nh\u1ecf tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 th\u00e0nh c\u00e1c token k\u1ef9 thu\u1eadt s\u1ed1 \u0111\u1ec3 c\u00f3 th\u1ec3 giao d\u1ecbch tr\u1ef1c tuy\u1ebfn b\u1ea5t c\u1ee9 l\u00fac n\u00e0o \u2014 \u0111\u00f3 ch\u00ednh l\u00e0 kh\u00e1i ni\u1ec7m c\u01a1 b\u1ea3n c\u1ee7a RWA. Th\u00f4ng qua c\u00f4ng ngh\u1ec7 token h\u00f3a n\u00e0y, gi\u00e1 tr\u1ecb c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o blockchain.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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T\u1ea1i sao l\u1ea1i c\u1ea7n RWA? Khi l\u00e3i su\u1ea5t trong th\u1ebf gi\u1edbi DeFi ng\u00e0y c\u00e0ng ti\u1ec7m c\u1eadn v\u1edbi m\u1ee9c c\u1ee7a t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh b\u1eaft \u0111\u1ea7u t\u00ecm ki\u1ebfm nh\u1eefng ngu\u1ed3n thu nh\u1eadp m\u1edbi. Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, \u201c\u0111\u01b0a t\u00e0i s\u1ea3n th\u1ef1c v\u00e0o h\u1ec7 th\u1ed1ng\u201d \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t xu h\u01b0\u1edbng \u0111\u01b0\u1ee3c \u01b0a chu\u1ed9ng: c\u00e1c t\u00e0i s\u1ea3n trong th\u1ebf gi\u1edbi th\u1ef1c th\u01b0\u1eddng mang l\u1ea1i thu nh\u1eadp \u1ed5n \u0111\u1ecbnh v\u00e0 \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi uy t\u00edn t\u00edn d\u1ee5ng, ch\u1eb3ng h\u1ea1n nh\u01b0 ti\u1ec1n thu\u00ea b\u1ea5t \u0111\u1ed9ng s\u1ea3n, l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 hay kh\u1ea3 n\u0103ng gi\u1eef gi\u00e1 tr\u1ecb l\u00e2u d\u00e0i c\u1ee7a v\u00e0ng.<\/span><\/span><\/p>

N\u1ebfu c\u00f3 th\u1ec3 \u0111\u01b0a nh\u1eefng ngu\u1ed3n thu n\u00e0y v\u00e0o blockchain, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 DeFi s\u1ebd c\u00f3 c\u01a1 h\u1ed9i nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh h\u01a1n v\u00e0 \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed thu\u1ea7n t\u00fay. \u0110\u1ed3ng th\u1eddi, \u0111\u1ed1i v\u1edbi c\u00e1c ch\u1ee7 s\u1edf h\u1eefu t\u00e0i s\u1ea3n, RWA c\u00f3 th\u1ec3 gi\u00fap gi\u1ea3m b\u1edbt r\u00e0o c\u1ea3n trong vi\u1ec7c ti\u1ebfp c\u1eadn ngu\u1ed3n v\u1ed1n \u2014 c\u00e1c ch\u1ee7 doanh nghi\u1ec7p nh\u1ecf c\u00f3 th\u1ec3 g\u00f3i g\u1ecdn c\u00e1c kho\u1ea3n ph\u1ea3i thu th\u00e0nh token \u0111\u1ec3 vay v\u1ed1n, thay v\u00ec ch\u1ec9 ph\u1ea3i nh\u1edd c\u1eady v\u00e0o ng\u00e2n h\u00e0ng; c\u00e1c ch\u1ee7 nh\u00e0 c\u00f3 th\u1ec3 th\u1ebf ch\u1ea5p gi\u1ea5y ch\u1ee9ng nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu nh\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c token h\u00f3a d\u01b0\u1edbi d\u1ea1ng NFT \u0111\u1ec3 huy \u0111\u1ed9ng v\u1ed1n tr\u00ean c\u00e1c n\u1ec1n t\u1ea3ng DeFi.<\/span><\/span><\/p>

Do \u0111\u00f3, RWA \u0111\u01b0\u1ee3c coi l\u00e0 c\u1ea7u n\u1ed1i quan tr\u1ecdng gi\u00fap ti\u1ec1n \u0111i\u1ec7n t\u1eed h\u00f2a nh\u1eadp v\u00e0o h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng; th\u1eadm ch\u00ed \u00f4ng Larry Fink, Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u1ee7a BlackRock \u2013 c\u00f4ng ty qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi \u2013 c\u0169ng ca ng\u1ee3i vi\u1ec7c token h\u00f3a t\u00e0i s\u1ea3n l\u00e0 \u201cb\u01b0\u1edbc ti\u1ebfp theo\u201d c\u1ee7a ng\u00e0nh t\u00e0i ch\u00ednh.<\/span><\/span><\/p>

Ti\u1ebfp theo, ch\u00fang ta s\u1ebd l\u1ea5y m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n RWA ti\u00eau bi\u1ec3u nh\u1ea5t hi\u1ec7n nay l\u00e0m v\u00ed d\u1ee5 \u0111\u1ec3 c\u00f9ng nhau ph\u00e2n t\u00edch m\u1ed9t c\u00e1ch kh\u00e1ch quan v\u1ec1 c\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00e1c d\u1ef1 \u00e1n RWA, nh\u1eefng \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u0169ng nh\u01b0 nh\u1eefng r\u1ee7i ro ti\u1ec1m \u1ea9n.<\/span><\/span><\/p>

T\u00f3m t\u1eaft nhanh: RWA l\u00e0 vi\u1ec7c chuy\u1ec3n \u0111\u1ed5i c\u00e1c t\u00e0i s\u1ea3n trong th\u1ebf gi\u1edbi th\u1ef1c (nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu, v\u00e0ng, v.v.) th\u00e0nh c\u00e1c token k\u1ef9 thu\u1eadt s\u1ed1 c\u00f3 th\u1ec3 giao d\u1ecbch th\u00f4ng qua c\u00f4ng ngh\u1ec7 blockchain. \u0110i\u1ec1u n\u00e0y kh\u00f4ng ch\u1ec9 gi\u00fap DeFi k\u1ebft n\u1ed1i v\u1edbi c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng m\u00e0 c\u00f2n mang l\u1ea1i cho nh\u00e0 \u0111\u1ea7u t\u01b0 ngu\u1ed3n thu nh\u1eadp \u1ed5n \u0111\u1ecbnh h\u01a1n, \u00edt bi\u1ebfn \u0111\u1ed9ng h\u01a1n, t\u1eeb \u0111\u00f3 tr\u1edf th\u00e0nh xu h\u01b0\u1edbng m\u1edbi tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/u><\/b><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Ondo Finance: T\u1eadp trung v\u00e0o l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9, l\u00e0 c\u1ea7u n\u1ed1i t\u00e0i s\u1ea3n tu\u00e2n th\u1ee7 nghi\u00eam ng\u1eb7t c\u00e1c quy \u0111\u1ecbnh<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Ondo Finance l\u00e0 n\u1ec1n t\u1ea3ng RWA ra m\u1eaft v\u00e0o n\u0103m 2021, \u0111\u01b0\u1ee3c th\u00e0nh l\u1eadp b\u1edfi c\u00e1c c\u1ef1u chuy\u00ean gia Ph\u1ed1 Wall, v\u1edbi m\u1ee5c ti\u00eau x\u00e2y d\u1ef1ng m\u1ed9t n\u1ec1n t\u1ea3ng c\u1ea5p t\u1ed5 ch\u1ee9c nh\u1eb1m \u0111\u01b0a c\u00e1c t\u00e0i s\u1ea3n tr\u00ean th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng l\u00ean blockchain. Ondo t\u1eadp trung v\u00e0o vi\u1ec7c token h\u00f3a c\u00e1c t\u00e0i s\u1ea3n c\u00f3 x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng cao v\u00e0 t\u00ednh thanh kho\u1ea3n m\u1ea1nh. Hi\u1ec7n t\u1ea1i, n\u1ec1n t\u1ea3ng n\u00e0y n\u1ed5i ti\u1ebfng nh\u1ea5t v\u1edbi vi\u1ec7c \u0111\u01b0a tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 (Treasury) v\u00e0 qu\u1ef9 th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 l\u00ean blockchain: v\u00ed d\u1ee5 nh\u01b0 USDY l\u00e0 ch\u1ee9ng kho\u00e1n thu nh\u1eadp \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 ng\u1eafn h\u1ea1n v\u00e0 ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng, c\u00f2n OUSG (Ondo Short-Term US Government Bond Fund) th\u00ec k\u1ebft n\u1ed1i v\u1edbi m\u1ed9t qu\u1ef9 tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 ng\u1eafn h\u1ea1n. N\u00f3i t\u00f3m l\u1ea1i, Ondo gi\u00fap c\u00e1c t\u00e0i s\u1ea3n truy\u1ec1n th\u1ed1ng \u1ed5n \u0111\u1ecbnh kho\u00e1c l\u00ean m\u00ecnh l\u1edbp \u00e1o k\u1ef9 thu\u1eadt s\u1ed1, cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean chu\u1ed7i m\u1ed9t con \u0111\u01b0\u1eddng t\u1eaft \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u00e3i su\u1ea5t \"kh\u00f4ng r\u1ee7i ro\" h\u00e0ng n\u0103m t\u1eeb 4-5,1% (so v\u1edbi m\u00f9a \u0111\u00f4ng l\u00e3i su\u1ea5t DeFi l\u00fac b\u1ea5y gi\u1edd, m\u1ee9c l\u1ee3i nhu\u1eadn n\u00e0y kh\u00e1 h\u1ea5p d\u1eabn).<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Ondo r\u1ea5t ch\u00fa tr\u1ecdng \u0111\u1ebfn vi\u1ec7c tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh. N\u1ec1n t\u1ea3ng n\u00e0y h\u1ee3p t\u00e1c v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c t\u00edn th\u00e1c \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd, ch\u1eb3ng h\u1ea1n nh\u01b0 Ankura Trust \u2013 \u0111\u01a1n v\u1ecb ch\u1ecbu tr\u00e1ch nhi\u1ec7m l\u01b0u k\u00fd t\u00e0i s\u1ea3n v\u00e0 th\u1ef1c hi\u1ec7n b\u00e1o c\u00e1o ki\u1ec3m to\u00e1n h\u00e0ng ng\u00e0y, nh\u1eb1m \u0111\u1ea3m b\u1ea3o c\u00e1c token \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u00e0i s\u1ea3n th\u1ef1c t\u1ebf. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng ph\u1ea3i ho\u00e0n t\u1ea5t quy tr\u00ecnh KYC (Nh\u1eadn di\u1ec7n kh\u00e1ch h\u00e0ng)\/AML tr\u01b0\u1edbc khi c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn c\u00e1c token b\u1ecb h\u1ea1n ch\u1ebf n\u00e0y, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi vi\u1ec7c b\u1ed5 sung m\u1ed9t l\u1edbp b\u1ea3o v\u1ec7 tu\u00e2n th\u1ee7 theo ti\u00eau chu\u1ea9n t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng v\u00e0o h\u1ec7 sinh th\u00e1i DeFi. Ngo\u00e0i ra, Ondo c\u00f2n ph\u00e1t tri\u1ec3n giao th\u1ee9c cho vay ri\u00eang c\u1ee7a m\u00ecnh l\u00e0 Flux Finance, cho ph\u00e9p ng\u01b0\u1eddi d\u00f9ng th\u1ebf ch\u1ea5p c\u00e1c token RWA nh\u01b0 OUSG \u0111\u1ec3 vay v\u1ed1n, nh\u01b0ng \u00e1p d\u1ee5ng ch\u1ebf \u0111\u1ed9 danh s\u00e1ch tr\u1eafng \u0111\u1ed1i v\u1edbi lo\u1ea1i t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p n\u00e0y, nh\u1eb1m \u0111\u1ea3m b\u1ea3o ch\u1ec9 nh\u1eefng ng\u01b0\u1eddi \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n m\u1edbi c\u00f3 th\u1ec3 tham gia, tr\u00e1nh vi\u1ec7c ph\u00e1t h\u00e0nh ch\u1ee9ng kho\u00e1n tr\u00e1i ph\u00e9p.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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V\u1ec1 m\u1eb7t c\u01a1 ch\u1ebf k\u1ef9 thu\u1eadt, \u0111i\u1ec3m th\u00fa v\u1ecb c\u1ee7a Ondo l\u00e0 cung c\u1ea5p c\u00e1c s\u1ea3n ph\u1ea9m c\u00f3 m\u1ee9c l\u1ee3i nhu\u1eadn ph\u00e2n t\u1ea7ng. V\u00ed d\u1ee5, trong m\u1ed9t s\u1ed1 s\u1ea3n ph\u1ea9m c\u1ea5u tr\u00fac, Ondo \u00e1p d\u1ee5ng thi\u1ebft k\u1ebf ph\u00e2n t\u1ea7ng Tranche t\u01b0\u01a1ng t\u1ef1 nh\u01b0 trong t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng: nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 l\u1ef1a ch\u1ecdn ph\u1ea7n c\u00f3 l\u1ee3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh v\u1edbi r\u1ee7i ro th\u1ea5p ho\u1eb7c ph\u1ea7n c\u00f3 l\u1ee3i su\u1ea5t th\u1ea3 n\u1ed5i v\u1edbi r\u1ee7i ro cao, ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro kh\u00e1c nhau. \u0110i\u1ec1u n\u00e0y cho ph\u00e9p c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1eadn tr\u1ecdng v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m \u0111\u1ec1u c\u00f3 th\u1ec3 t\u00ecm th\u1ea5y l\u1ef1a ch\u1ecdn ph\u00f9 h\u1ee3p trong c\u00f9ng m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u01a1 ch\u1ebf ph\u00e2n t\u1ea7ng Tranche \u01b0u ti\u00ean\/th\u1ee9 c\u1ea5p trong c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng.<\/span><\/span><\/p>

N\u1ec1n t\u1ea3ng Ondo c\u00f3 token qu\u1ea3n tr\u1ecb ri\u00eang l\u00e0 $ONDO. Ch\u1ee7 s\u1edf h\u1eefu $ONDO c\u00f3 th\u1ec3 b\u1ecf phi\u1ebfu v\u1ec1 vi\u1ec7c n\u00e2ng c\u1ea5p giao th\u1ee9c v\u00e0 \u0111i\u1ec1u ch\u1ec9nh c\u00e1c th\u00f4ng s\u1ed1, tuy nhi\u00ean, b\u1ea3n th\u00e2n $ONDO kh\u00f4ng tr\u1ef1c ti\u1ebfp mang l\u1ea1i l\u00e3i su\u1ea5t ho\u1eb7c l\u1ee3i nhu\u1eadn \u0111\u1ea3m b\u1ea3o cho ch\u1ee7 s\u1edf h\u1eefu, n\u00f3 gi\u1ed1ng nh\u01b0 m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o s\u1ef1 ph\u00e1t tri\u1ec3n t\u01b0\u01a1ng lai c\u1ee7a n\u1ec1n t\u1ea3ng h\u01a1n. Hi\u1ec7n t\u1ea1i, ngu\u1ed3n thu nh\u1eadp ch\u00ednh c\u1ee7a Ondo \u0111\u1ebfn t\u1eeb c\u00e1c kho\u1ea3n ph\u00ed t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng nh\u01b0 ph\u00ed qu\u1ea3n l\u00fd s\u1ea3n ph\u1ea9m. \u0110\u1ec3 $ONDO c\u00f3 gi\u00e1 tr\u1ecb l\u00e2u d\u00e0i, \u0111i\u1ec1u n\u00e0y ph\u1ee5 thu\u1ed9c v\u00e0o kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng quy m\u00f4 l\u1edbn v\u00e0 t\u1ea1o ra d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh c\u1ee7a n\u1ec1n t\u1ea3ng Ondo. V\u1ec1 m\u1eb7t r\u1ee7i ro, s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 quy \u0111\u1ecbnh l\u00e0 th\u00e1ch th\u1ee9c l\u1edbn m\u00e0 Ondo ph\u1ea3i \u0111\u1ed1i m\u1eb7t: n\u1ebfu c\u01a1 quan qu\u1ea3n l\u00fd \"b\u1eadt \u0111\u00e8n \u0111\u1ecf\" \u0111\u1ed1i v\u1edbi \"tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 tr\u00ean chu\u1ed7i\", ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a Ondo s\u1ebd b\u1ecb \u1ea3nh h\u01b0\u1edfng n\u1eb7ng n\u1ec1. Ngo\u00e0i ra, ngay c\u1ea3 khi t\u00e0i s\u1ea3n c\u00f3 \u1ed5n \u0111\u1ecbnh \u0111\u1ebfn \u0111\u00e2u, gi\u00e1 c\u1ee7a $ONDO v\u1eabn c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh theo t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng \u2014 d\u00f9 sao th\u00ec n\u00f3 c\u0169ng ch\u1ec9 l\u00e0 token c\u1ee7a d\u1ef1 \u00e1n, ch\u1ee9 kh\u00f4ng ph\u1ea3i tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 th\u1ef1c s\u1ef1.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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T\u00f3m t\u1eaft nhanh: Ondo Finance l\u00e0 m\u1ed9t n\u1ec1n t\u1ea3ng chuy\u00ean v\u1ec1 vi\u1ec7c token h\u00f3a c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng c\u00f3 \u0111\u1ed9 t\u00edn nhi\u1ec7m cao (nh\u01b0 tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9), v\u1edbi \u0111i\u1ec3m nh\u1ea5n l\u00e0 l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh v\u00e0 quy tr\u00ecnh tu\u00e2n th\u1ee7 nghi\u00eam ng\u1eb7t. N\u1ec1n t\u1ea3ng n\u00e0y qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n th\u00f4ng qua c\u00e1c t\u1ed5 ch\u1ee9c l\u01b0u k\u00fd \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p v\u00e0 cung c\u1ea5p c\u01a1 c\u1ea5u l\u1ee3i nhu\u1eadn theo c\u1ea5p \u0111\u1ed9, nh\u1eb1m \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro kh\u00e1c nhau. Tuy nhi\u00ean, c\u1ea7n l\u01b0u \u00fd \u0111\u1ebfn nh\u1eefng r\u1ee7i ro kinh doanh c\u00f3 th\u1ec3 ph\u00e1t sinh do s\u1ef1 thay \u0111\u1ed5i c\u1ee7a m\u00f4i tr\u01b0\u1eddng ph\u00e1p l\u00fd.<\/b><\/u><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Maple Finance: C\u1ea7u n\u1ed1i cho vay t\u1ed5 ch\u1ee9c \u2013 Con dao hai l\u01b0\u1ee1i c\u1ee7a t\u00edn d\u1ee5ng DeFi<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Maple Finance l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u01a1n v\u1ecb ti\u00ean phong trong m\u00f4 h\u00ecnh \u201ctruy\u1ec1n th\u1ed1ng + blockchain\u201d c\u1ee7a ng\u00e0nh DeFi. N\u1ec1n t\u1ea3ng n\u00e0y \u0111\u1ecbnh v\u1ecb m\u00ecnh l\u00e0 th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng t\u1ed5 ch\u1ee9c tr\u00ean chu\u1ed7i, \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf ri\u00eang cho c\u00e1c giao d\u1ecbch cho vay c\u1ea5p t\u1ed5 ch\u1ee9c. N\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, Maple kh\u00f4ng y\u00eau c\u1ea7u th\u1ebf ch\u1ea5p v\u01b0\u1ee3t m\u1ee9c nh\u01b0 Aave, m\u00e0 cho ph\u00e9p c\u00e1c b\u00ean vay \u0111\u00e1ng tin c\u1eady ti\u1ebfp c\u1eadn v\u1ed1n v\u1edbi m\u1ee9c th\u1ebf ch\u1ea5p th\u1ea5p h\u01a1n ho\u1eb7c th\u1eadm ch\u00ed kh\u00f4ng c\u1ea7n th\u1ebf ch\u1ea5p \u2014 t\u01b0\u01a1ng t\u1ef1 nh\u01b0 m\u00f4 h\u00ecnh cho vay ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng, ch\u1ec9 l\u00e0 \u0111\u01b0\u1ee3c chuy\u1ec3n sang m\u00f4i tr\u01b0\u1eddng blockchain. Nh\u1eefng ng\u01b0\u1eddi tham gia c\u1ed1t l\u00f5i c\u1ee7a n\u00f3 l\u00e0 m\u1ed9t nh\u00f3m c\u00e1c t\u1ed5 ch\u1ee9c \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 Pool Delegate (ng\u01b0\u1eddi qu\u1ea3n l\u00fd nh\u00f3m cho vay), h\u1ecd th\u00e0nh l\u1eadp c\u00e1c nh\u00f3m v\u1ed1n, s\u00e0ng l\u1ecdc ng\u01b0\u1eddi vay v\u00e0 thi\u1ebft l\u1eadp c\u00e1c \u0111i\u1ec1u kho\u1ea3n cho vay. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 g\u1eedi c\u00e1c \u0111\u1ed3ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh nh\u01b0 USDC v\u00e0o c\u00e1c nh\u00f3m n\u00e0y \u0111\u1ec3 nh\u1eadn l\u00e3i su\u1ea5t, v\u00e0 Pool Delegate s\u1ebd gi\u00fap b\u1ea1n cho c\u00e1c t\u1ed5 ch\u1ee9c c\u1ea7n v\u1ed1n vay ti\u1ec1n.<\/span><\/span><\/p>

Ban \u0111\u1ea7u, Maple ch\u1ee7 y\u1ebfu ph\u1ee5c v\u1ee5 c\u00e1c c\u00f4ng ty trong ng\u00e0nh ti\u1ec1n \u0111i\u1ec7n t\u1eed (nh\u01b0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng, c\u00f4ng ty giao d\u1ecbch) b\u1eb1ng c\u00e1ch cung c\u1ea5p c\u00e1c kho\u1ea3n vay v\u1ed1n l\u01b0u \u0111\u1ed9ng; g\u1ea7n \u0111\u00e2y, c\u00f4ng ty c\u0169ng b\u1eaft \u0111\u1ea7u m\u1edf r\u1ed9ng sang l\u0129nh v\u1ef1c t\u00e0i s\u1ea3n th\u1ebf gi\u1edbi th\u1ef1c (RWA), ch\u1eb3ng h\u1ea1n nh\u01b0 ra m\u1eaft qu\u1ef9 qu\u1ea3n l\u00fd ti\u1ec1n m\u1eb7t \u0111\u1ea7u t\u01b0 v\u00e0o tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9, gi\u00fap c\u00e1c DAO v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng mua tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9. V\u1ec1 m\u1eb7t tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh, Maple \u0111\u00e3 \u00e1p d\u1ee5ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n. N\u0103m 2023, c\u00f4ng ty \u0111\u00e3 n\u1ed9p \u0111\u01a1n xin mi\u1ec5n tr\u1eeb theo quy \u0111\u1ecbnh SEC Reg D 506(c) c\u1ee7a Hoa K\u1ef3 cho qu\u1ef9 \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu kho b\u1ea1c, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n t\u1ea1i Hoa K\u1ef3 c\u0169ng c\u00f3 th\u1ec3 tham gia v\u00e0o c\u00e1c s\u1ea3n ph\u1ea9m tr\u00e1i phi\u1ebfu kho b\u1ea1c c\u1ee7a m\u00ecnh (tr\u01b0\u1edbc \u0111\u00e2y, ng\u01b0\u1eddi M\u1ef9 kh\u00f4ng th\u1ec3 mua do c\u00e1c h\u1ea1n ch\u1ebf c\u1ee7a lu\u1eadt ch\u1ee9ng kho\u00e1n). N\u00f3i c\u00e1ch kh\u00e1c, Maple \u0111ang c\u1ed1 g\u1eafng cung c\u1ea5p \u0111\u1ea7u t\u01b0 v\u00e0o token ch\u1ee9ng kho\u00e1n m\u1ed9t c\u00e1ch h\u1ee3p ph\u00e1p trong khu\u00f4n kh\u1ed5 mi\u1ec5n tr\u1eeb ph\u00e1t h\u00e0nh ri\u00eang l\u1ebb.<\/span><\/span><\/p>

T\u1ea5t nhi\u00ean, ph\u1ea7n l\u1edbn c\u00e1c ho\u1ea1t \u0111\u1ed9ng cho vay tr\u00ean chu\u1ed7i v\u1eabn thu\u1ed9c ph\u1ea1m vi phi t\u1eadp trung; ng\u01b0\u1eddi vay v\u00e0 ng\u01b0\u1eddi cho vay th\u01b0\u1eddng ph\u1ea3i tr\u1ea3i qua qu\u00e1 tr\u00ecnh x\u00e1c minh KYC, nh\u01b0ng c\u00e1c s\u1ea3n ph\u1ea9m n\u00e0y kh\u00f4ng \u0111\u01b0\u1ee3c ch\u00e0o b\u00e1n c\u00f4ng khai cho nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n. \u0110\u1ed9i ng\u0169 Maple c\u0169ng nh\u1eadn th\u1ee9c r\u00f5 t\u1ea7m quan tr\u1ecdng c\u1ee7a ni\u1ec1m tin, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh quy tr\u00ecnh cho vay minh b\u1ea1ch v\u00e0 c\u00f3 c\u01a1 ch\u1ebf ki\u1ec3m so\u00e1t r\u1ee7i ro, ch\u1eb3ng h\u1ea1n nh\u01b0 y\u00eau c\u1ea7u doanh nghi\u1ec7p vay cung c\u1ea5p b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, hay vai tr\u00f2 th\u1ea9m \u0111\u1ecbnh c\u1ee7a Pool Delegate, nh\u1eb1m gi\u1ea3m thi\u1ec3u r\u1ee7i ro.<\/span><\/span><\/p>

V\u1ec1 m\u1eb7t c\u00f4ng ngh\u1ec7 v\u00e0 c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng, \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ee7a Maple so v\u1edbi c\u00e1c giao th\u1ee9c DeFi th\u00f4ng th\u01b0\u1eddng l\u00e0 c\u00e1c kho\u1ea3n vay c\u1ee7a n\u00f3 kh\u00f4ng \u0111\u01b0\u1ee3c gh\u00e9p \u0111\u00f4i t\u1ef1 \u0111\u1ed9ng, m\u00e0 ph\u1ea3i qua qu\u00e1 tr\u00ecnh ki\u1ec3m tra v\u00e0 \u0111\u00e1nh gi\u00e1 r\u1ee7i ro do con ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n. M\u00f4 h\u00ecnh \u201cPool Delegate\u201d th\u1ef1c ch\u1ea5t gi\u1ed1ng nh\u01b0 vi\u1ec7c \u0111\u01b0a nh\u00e2n vi\u00ean t\u00edn d\u1ee5ng truy\u1ec1n th\u1ed1ng l\u00ean chu\u1ed7i kh\u1ed1i. Nh\u1eefng ng\u01b0\u1eddi qu\u1ea3n l\u00fd n\u00e0y c\u00f3 th\u1ec3 l\u00e0 c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p, h\u1ecd c\u1ea7n th\u1ebf ch\u1ea5p m\u1ed9t l\u01b0\u1ee3ng nh\u1ea5t \u0111\u1ecbnh token g\u1ed1c c\u1ee7a Maple (MPL) l\u00e0m b\u1ea3o \u0111\u1ea3m r\u1ee7i ro, sau \u0111\u00f3 ch\u1ecbu tr\u00e1ch nhi\u1ec7m xem x\u00e9t c\u00e1c \u0111\u01a1n xin vay, thi\u1ebft l\u1eadp l\u00e3i su\u1ea5t v\u00e0 y\u00eau c\u1ea7u v\u1ec1 t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p cho qu\u1ef9.<\/span><\/span><\/p>

N\u1ebfu ng\u01b0\u1eddi vay kh\u00f4ng th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5, danh ti\u1ebfng v\u00e0 s\u1ed1 token th\u1ebf ch\u1ea5p c\u1ee7a Pool Delegate \u0111\u1ec1u s\u1ebd b\u1ecb \u1ea3nh h\u01b0\u1edfng, t\u1eeb \u0111\u00f3 t\u1ea1o ra m\u1ed9t c\u01a1 ch\u1ebf khuy\u1ebfn kh\u00edch v\u00e0 r\u00e0ng bu\u1ed9c. V\u1ec1 vi\u1ec7c thi\u1ebft l\u1eadp l\u00e3i su\u1ea5t, Maple cung c\u1ea5p m\u1ee9c l\u00e3i su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i c\u1ed1 \u0111\u1ecbnh v\u00e0 \u1ed5n \u0111\u1ecbnh, b\u1edfi c\u00e1c kho\u1ea3n vay ch\u1ee7 y\u1ebfu l\u00e0 trung v\u00e0 d\u00e0i h\u1ea1n v\u1edbi l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn trong h\u1ee3p \u0111\u1ed3ng, kh\u00f4ng dao \u0111\u1ed9ng theo cung c\u1ea7u th\u1ecb tr\u01b0\u1eddng nh\u01b0 Aave. \u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Maple \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed, do \u0111\u00f3 r\u1ea5t \u0111\u01b0\u1ee3c \u01b0a chu\u1ed9ng b\u1edfi nh\u1eefng ng\u01b0\u1eddi t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh.<\/span><\/span><\/p>

Token g\u1ed1c c\u1ee7a Maple l\u00e0 $MPL. MPL ch\u1ee7 y\u1ebfu \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng cho m\u1ee5c \u0111\u00edch qu\u1ea3n tr\u1ecb v\u00e0 chia s\u1ebb l\u1ee3i nhu\u1eadn: ch\u1ee7 s\u1edf h\u1eefu token c\u00f3 th\u1ec3 b\u1ecf phi\u1ebfu v\u1ec1 vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh c\u00e1c th\u00f4ng s\u1ed1 c\u1ee7a giao th\u1ee9c v\u00e0 c\u00f3 th\u1ec3 ch\u1ecdn staking MPL \u0111\u1ec3 nh\u1eadn ph\u1ea7n chia s\u1ebb doanh thu t\u1eeb n\u1ec1n t\u1ea3ng. Theo thi\u1ebft k\u1ebf ch\u00ednh th\u1ee9c, Maple s\u1ebd s\u1eed d\u1ee5ng m\u1ed9t ph\u1ea7n l\u00e3i su\u1ea5t cho vay v\u00e0 ph\u00ed giao d\u1ecbch \u0111\u1ec3 mua l\u1ea1i MPL nh\u1eb1m th\u01b0\u1edfng cho nh\u1eefng ng\u01b0\u1eddi staking, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi vi\u1ec7c ch\u1ee7 s\u1edf h\u1eefu MPL \u0111\u01b0\u1ee3c chia s\u1ebb doanh thu c\u1ee7a n\u1ec1n t\u1ea3ng. Tuy nhi\u00ean, MPL c\u0169ng t\u1eebng g\u00e2y tranh c\u00e3i trong c\u1ed9ng \u0111\u1ed3ng v\u00ec v\u00e0o n\u0103m 2023, c\u1ed9ng \u0111\u1ed3ng \u0111\u00e3 th\u00f4ng qua \u0111\u1ec1 xu\u1ea5t ph\u00e1t h\u00e0nh th\u00eam token: gi\u1edbi h\u1ea1n ban \u0111\u1ea7u l\u00e0 10 tri\u1ec7u MPL \u0111\u01b0\u1ee3c quy\u1ebft \u0111\u1ecbnh t\u0103ng th\u00eam 10% (kho\u1ea3ng 1 tri\u1ec7u token) trong v\u00f2ng ba n\u0103m, v\u00e0 m\u1ed7i n\u0103m s\u1ebd ph\u00e2n b\u1ed5 th\u00eam 5% v\u00e0o kho b\u1ea1c. M\u1eb7c d\u00f9 \u0111i\u1ec1u n\u00e0y nh\u1eb1m m\u1ee5c \u0111\u00edch b\u1ed5 sung v\u1ed1n v\u00e0 k\u00edch th\u00edch t\u0103ng tr\u01b0\u1edfng, nh\u01b0ng ngu\u1ed3n cung b\u1ed5 sung c\u00f3 th\u1ec3 l\u00e0m lo\u00e3ng gi\u00e1 tr\u1ecb c\u1ee7a nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef token, d\u1eabn \u0111\u1ebfn lo ng\u1ea1i v\u1ec1 \u201cl\u1ea1m ph\u00e1t do pha lo\u00e3ng\u201d.<\/span><\/span><\/p>

V\u1ec1 m\u1eb7t r\u1ee7i ro ti\u1ec1m \u1ea9n, Maple t\u1ea1o \u1ea5n t\u01b0\u1ee3ng l\u00e0 m\u1ed9t \u201cn\u1ec1n t\u1ea3ng cho vay \u1ed5n \u0111\u1ecbnh\u201d, nh\u01b0ng \u0111\u1eebng bao gi\u1edd ngh\u0129 r\u1eb1ng vi\u1ec7c c\u00f3 c\u00e1c doanh nghi\u1ec7p vay v\u1ed1n th\u1ef1c s\u1ef1 tham gia \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c kh\u00f4ng c\u00f3 r\u1ee7i ro. Tr\u00ean th\u1ef1c t\u1ebf, v\u00e0o cu\u1ed1i n\u0103m 2022, do \u1ea3nh h\u01b0\u1edfng t\u1eeb v\u1ee5 s\u1ee5p \u0111\u1ed5 c\u1ee7a FTX, Maple \u0111\u00e3 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u tr\u01b0\u1eddng h\u1ee3p ng\u01b0\u1eddi vay v\u1ee1 n\u1ee3: \u0110\u1ea7u ti\u00ean l\u00e0 Babel Finance kh\u00f4ng th\u1ec3 tr\u1ea3 n\u1ee3 kho\u1ea3n vay 10 tri\u1ec7u USDC, ti\u1ebfp theo l\u00e0 kh\u00e1ch h\u00e0ng vay l\u1edbn Orthogonal Trading c\u0169ng v\u1ee1 n\u1ee3 do kh\u00f3 kh\u0103n v\u1ec1 t\u00e0i ch\u00ednh, d\u1eabn \u0111\u1ebfn vi\u1ec7c c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a Maple ph\u1ea3i ch\u1ecbu thi\u1ec7t h\u1ea1i. Nh\u1eefng s\u1ef1 ki\u1ec7n n\u00e0y \u0111\u00e3 l\u00e0m n\u1ed5i b\u1eadt r\u1ee7i ro c\u1ee7a m\u00f4 h\u00ecnh cho vay kh\u00f4ng c\u00f3 t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p: khi b\u00ean vay ph\u00e1 s\u1ea3n, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 cho vay ch\u1ec9 c\u00f3 th\u1ec3 d\u1ef1a v\u00e0o ph\u00e1p lu\u1eadt \u0111\u1ec3 \u0111\u00f2i b\u1ed3i th\u01b0\u1eddng, m\u00e0 kh\u00f4ng c\u00f3 b\u1ea5t k\u1ef3 t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p n\u00e0o \u0111\u1ec3 thanh l\u00fd ngay l\u1eadp t\u1ee9c. Do \u0111\u00f3, m\u1eb7c d\u00f9 Maple \u0111\u00e3 \u0111\u01b0a ho\u1ea1t \u0111\u1ed9ng cho vay t\u00edn d\u1ee5ng truy\u1ec1n th\u1ed1ng l\u00ean chu\u1ed7i kh\u1ed1i, nh\u01b0ng v\u1ea5n \u0111\u1ec1 c\u0169 v\u1ec1 r\u1ee7i ro t\u00edn d\u1ee5ng v\u1eabn ch\u01b0a bi\u1ebfn m\u1ea5t.<\/span><\/span><\/p>

B\u00ean c\u1ea1nh \u0111\u00f3, m\u1eb7c d\u00f9 chi\u1ebfn l\u01b0\u1ee3c t\u1eadp trung v\u00e0o th\u1ecb tr\u01b0\u1eddng t\u1ed5 ch\u1ee9c c\u1ee7a Maple l\u00e0 kh\u00e1 v\u1eefng ch\u1eafc, nh\u01b0ng n\u00f3 c\u0169ng c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn t\u00ecnh tr\u1ea1ng thi\u1ebfu thanh kho\u1ea3n v\u00e0 r\u00e0o c\u1ea3n gia nh\u1eadp cao (nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n c\u00f3 v\u1ed1n nh\u1ecf kh\u00f3 c\u00f3 th\u1ec3 tham gia tr\u1ef1c ti\u1ebfp). \u0110\u1ed1i v\u1edbi \u0111\u1ed3ng MPL, th\u00e1ch th\u1ee9c l\u1edbn nh\u1ea5t ch\u00ednh l\u00e0 li\u1ec7u n\u1ec1n t\u1ea3ng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng quy m\u00f4 cho vay v\u00e0 t\u1ea1o ra l\u1ee3i nhu\u1eadn \u0111\u1ec3 duy tr\u00ec gi\u00e1 tr\u1ecb c\u1ee7a \u0111\u1ed3ng ti\u1ec1n n\u00e0y hay kh\u00f4ng; n\u1ebfu kh\u00f4ng, d\u00f9 c\u01a1 ch\u1ebf chia s\u1ebb l\u1ee3i nhu\u1eadn c\u00f3 t\u1ed1t \u0111\u1ebfn \u0111\u00e2u, n\u1ebfu kh\u00f4ng c\u00f3 ngu\u1ed3n thu nh\u1eadp th\u00ec c\u0169ng s\u1ebd tr\u1edf n\u00ean v\u00f4 ngh\u0129a.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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T\u00f3m t\u1eaft nhanh: Maple Finance \u0111\u01b0a m\u00f4 h\u00ecnh cho vay t\u00edn d\u1ee5ng t\u1ed5 ch\u1ee9c truy\u1ec1n th\u1ed1ng l\u00ean n\u1ec1n t\u1ea3ng blockchain, cho ph\u00e9p c\u00e1c doanh nghi\u1ec7p \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n vay v\u1ed1n v\u1edbi m\u1ee9c th\u1ebf ch\u1ea5p th\u1ea5p ho\u1eb7c th\u1eadm ch\u00ed kh\u00f4ng c\u1ea7n th\u1ebf ch\u1ea5p, \u0111\u1ed3ng th\u1eddi ki\u1ec3m so\u00e1t r\u1ee7i ro th\u00f4ng qua c\u00e1c t\u1ed5 ch\u1ee9c chuy\u00ean nghi\u1ec7p. M\u1eb7c d\u00f9 m\u00f4 h\u00ecnh n\u00e0y mang l\u1ea1i l\u1ee3i nhu\u1eadn t\u1eeb l\u00e3i su\u1ea5t \u1ed5n \u0111\u1ecbnh, nh\u01b0ng n\u00f3 c\u0169ng khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t tr\u1ef1c ti\u1ebfp v\u1edbi r\u1ee7i ro v\u1ee1 n\u1ee3, nh\u01b0 nh\u1eefng t\u1ed5n th\u1ea5t do v\u1ee5 vi\u1ec7c FTX n\u0103m 2022 g\u00e2y ra.<\/u><\/b><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Centrifuge: Con \u0111\u01b0\u1eddng huy \u0111\u1ed9ng v\u1ed1n qua blockchain d\u00e0nh cho c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Centrifuge l\u00e0 m\u1ed9t t\u00ean tu\u1ed5i l\u00e2u n\u0103m trong l\u0129nh v\u1ef1c RWA, \u0111\u01b0\u1ee3c coi l\u00e0 n\u1ec1n t\u1ea3ng h\u1ea1 t\u1ea7ng c\u00f3 kh\u1ea3 n\u0103ng \u0111\u01b0a b\u1ea5t k\u1ef3 lo\u1ea1i t\u00e0i s\u1ea3n n\u00e0o l\u00ean chu\u1ed7i kh\u1ed1i. T\u1ea7m nh\u00ecn c\u1ee7a Centrifuge r\u1ea5t r\u1ed9ng l\u1edbn: kh\u00f4ng ch\u1ec9 gi\u1edbi h\u1ea1n \u1edf m\u1ed9t ho\u1eb7c hai lo\u1ea1i t\u00e0i s\u1ea3n c\u1ee5 th\u1ec3, m\u00e0 c\u00f2n h\u01b0\u1edbng t\u1edbi vi\u1ec7c x\u00e2y d\u1ef1ng m\u1ed9t th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh t\u00e0i s\u1ea3n tr\u00ean chu\u1ed7i kh\u1ed1i mang t\u00ednh ph\u1ed5 qu\u00e1t. S\u1ea3n ph\u1ea9m then ch\u1ed1t \u0111\u1ec3 hi\u1ec7n th\u1ef1c h\u00f3a t\u1ea7m nh\u00ecn n\u00e0y l\u00e0 Tinlake<\/b>, m\u1ed9t \u1ee9ng d\u1ee5ng phi t\u1eadp trung (dApp) th\u1ecb tr\u01b0\u1eddng m\u1edf \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng tr\u00ean blockchain Centrifuge.<\/span><\/span><\/p>

M\u00f4 h\u00ecnh ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Tinlake c\u00f3 ph\u1ea7n t\u01b0\u01a1ng t\u1ef1 nh\u01b0 qu\u00e1 tr\u00ecnh ch\u1ee9ng kho\u00e1n h\u00f3a t\u00e0i s\u1ea3n trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng: ch\u1ee7 s\u1edf h\u1eefu t\u00e0i s\u1ea3n (v\u00ed d\u1ee5 nh\u01b0 m\u1ed9t doanh nghi\u1ec7p nh\u1ecf) c\u00f3 th\u1ec3 chuy\u1ec3n \u0111\u1ed5i t\u00e0i s\u1ea3n th\u1ef1c t\u1ebf th\u00e0nh NFT (ch\u1ee9ng ch\u1ec9 token k\u00e8m theo c\u00e1c t\u00e0i li\u1ec7u ph\u00e1p l\u00fd li\u00ean quan), sau \u0111\u00f3 s\u1eed d\u1ee5ng c\u00e1c NFT n\u00e0y l\u00e0m t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p \u0111\u1ec3 thi\u1ebft l\u1eadp m\u1ed9t nh\u00f3m t\u00e0i s\u1ea3n tr\u00ean Tinlake. Ti\u1ebfp theo, nh\u00f3m t\u00e0i s\u1ea3n n\u00e0y s\u1ebd ph\u00e1t h\u00e0nh hai lo\u1ea1i token \u2014 DROP v\u00e0 TIN \u2014 t\u01b0\u01a1ng \u1ee9ng v\u1edbi c\u00e1c v\u1ecb th\u1ebf \u01b0u ti\u00ean v\u00e0 th\u1ee9 c\u1ea5p.<\/span><\/span><\/p>

Trong c\u1ea5u tr\u00fac hai t\u1ea7ng n\u00e0y, ch\u1ee7 s\u1edf h\u1eefu token DROP gi\u1ed1ng nh\u01b0 c\u00e1c ch\u1ee7 n\u1ee3 \u01b0u ti\u00ean trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng: h\u1ecd \u0111\u01b0\u1ee3c h\u01b0\u1edfng m\u1ee9c l\u1ee3i nhu\u1eadn c\u1ed1 \u0111\u1ecbnh, \u0111\u01b0\u1ee3c \u01b0u ti\u00ean ph\u00e2n chia l\u1ee3i nhu\u1eadn t\u1eeb qu\u1ef9 v\u00e0 ch\u1ecbu r\u1ee7i ro th\u1ea5p h\u01a1n. Trong khi \u0111\u00f3, ch\u1ee7 s\u1edf h\u1eefu token TIN l\u00e0 nh\u1eefng ng\u01b0\u1eddi ch\u1ecbu r\u1ee7i ro th\u1ee9 c\u1ea5p: ch\u1ec9 sau khi tr\u1eeb \u0111i ph\u1ea7n l\u1ee3i nhu\u1eadn \u01b0u ti\u00ean, ph\u1ea7n l\u1ee3i nhu\u1eadn c\u00f2n l\u1ea1i m\u1edbi thu\u1ed9c v\u1ec1 ch\u1ee7 s\u1edf h\u1eefu TIN, nh\u01b0ng t\u01b0\u01a1ng \u1ee9ng v\u1edbi \u0111i\u1ec1u \u0111\u00f3, n\u1ebfu c\u00f3 l\u1ed7 th\u00ec h\u1ecd c\u0169ng l\u00e0 nh\u1eefng ng\u01b0\u1eddi ch\u1ecbu tr\u00e1ch nhi\u1ec7m tr\u01b0\u1edbc ti\u00ean. Nh\u1edd v\u1eady, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro kh\u00e1c nhau c\u00f3 th\u1ec3 t\u1ef1 do l\u1ef1a ch\u1ecdn tr\u1edf th\u00e0nh nh\u1eefng ng\u01b0\u1eddi \"theo \u0111u\u1ed5i l\u1ee3i nhu\u1eadn DROP\" an to\u00e0n hay nh\u1eefng \"nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0a m\u1ea1o hi\u1ec3m TIN\".<\/span><\/span><\/p>

V\u00ed d\u1ee5, \u0111\u1ed1i v\u1edbi m\u1ed9t danh m\u1ee5c t\u00e0i s\u1ea3n bao g\u1ed3m c\u00e1c kho\u1ea3n ph\u1ea3i thu c\u1ee7a c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf, nh\u00e0 \u0111\u1ea7u t\u01b0 DROP c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c m\u1ee9c l\u1ee3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh h\u00e0ng n\u0103m l\u00e0 5%, trong khi nh\u00e0 \u0111\u1ea7u t\u01b0 TIN c\u00f3 c\u01a1 h\u1ed9i nh\u1eadn \u0111\u01b0\u1ee3c 8-10%; tuy nhi\u00ean, n\u1ebfu doanh nghi\u1ec7p v\u1ee1 n\u1ee3, ph\u1ea7n TIN s\u1ebd ph\u1ea3i ch\u1ecbu l\u1ed7 tr\u01b0\u1edbc. Thi\u1ebft k\u1ebf n\u00e0y gi\u00fap mang l\u1ea1i s\u1ef1 linh ho\u1ea1t trong vi\u1ec7c t\u00e0i tr\u1ee3 t\u00e0i s\u1ea3n, \u0111\u1ed3ng th\u1eddi \u00e1p d\u1ee5ng c\u01a1 ch\u1ebf th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 chia s\u1ebb r\u1ee7i ro.<\/span><\/span><\/p>

M\u00e1y ly t\u00e2m \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3pKho\u1ea3n vay d\u00e0nh cho doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf<\/b>\u3001T\u00e0i tr\u1ee3 d\u1ef1a tr\u00ean c\u00e1c kho\u1ea3n ph\u1ea3i thu<\/b>\u3001Kho\u1ea3n vay th\u1ebf ch\u1ea5p b\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/b>\u3001Thu nh\u1eadp t\u1eeb ti\u1ec1n b\u1ea3n quy\u1ec1n<\/b>v\u00e0 c\u00e1c t\u00e0i s\u1ea3n truy\u1ec1n th\u1ed1ng v\u1ed1n thi\u1ebfu t\u00ednh thanh kho\u1ea3n. N\u1ec1n t\u1ea3ng n\u00e0y nh\u1eb1m gi\u00fap c\u00e1c ch\u1ee7 s\u1edf h\u1eefu t\u00e0i s\u1ea3n n\u00e0y huy \u0111\u1ed9ng v\u1ed1n v\u1edbi chi ph\u00ed th\u1ea5p h\u01a1n, b\u1edfi tr\u00ean Tinlake, h\u1ecd c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn tr\u1ef1c ti\u1ebfp v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u m\u00e0 kh\u00f4ng c\u1ea7n th\u00f4ng qua c\u00e1c b\u00ean trung gian nh\u01b0 ng\u00e2n h\u00e0ng. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 DeFi, \u0111\u00e2y l\u00e0 m\u1ed9t k\u00eanh \u0111\u1ea7u t\u01b0 m\u1edbi g\u1eafn li\u1ec1n v\u1edbi l\u1ee3i nhu\u1eadn t\u1eeb n\u1ec1n kinh t\u1ebf th\u1ef1c, h\u1ee9a h\u1eb9n mang l\u1ea1i thu nh\u1eadp t\u1eeb l\u00e3i su\u1ea5t \u1ed5n \u0111\u1ecbnh v\u00e0 kh\u00f4ng b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/span><\/span><\/p>

Do Centrifuge li\u00ean quan \u0111\u1ebfn c\u00e1c kho\u1ea3n vay \u0111\u01b0\u1ee3c ch\u1ee9ng kho\u00e1n h\u00f3a, m\u1ed7i nh\u00f3m t\u00e0i s\u1ea3n c\u1ee7a n\u00f3 th\u01b0\u1eddng \u0111\u01b0\u1ee3c th\u00e0nh l\u1eadp d\u01b0\u1edbi d\u1ea1ng m\u1ed9t th\u1ef1c th\u1ec3 ph\u00e1p l\u00fd (SPV \u2013 T\u1ed5 ch\u1ee9c M\u1ee5c \u0111\u00edch \u0110\u1eb7c bi\u1ec7t) \u0111\u1ec3 n\u1eafm gi\u1eef t\u00e0i s\u1ea3n v\u00e0 k\u00fd k\u1ebft c\u00e1c h\u1ee3p \u0111\u1ed3ng ph\u00e1p l\u00fd nh\u1eb1m b\u1ea3o v\u1ec7 quy\u1ec1n l\u1ee3i c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. V\u00ed d\u1ee5, m\u1ed9t nh\u00f3m t\u00e0i s\u1ea3n l\u00e0 c\u00e1c kho\u1ea3n ph\u1ea3i thu c\u00f3 th\u1ec3 \u0111\u0103ng k\u00fd m\u1ed9t c\u00f4ng ty t\u1ea1i bang Delaware, Hoa K\u1ef3, chuy\u00ean ch\u1ecbu tr\u00e1ch nhi\u1ec7m qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n c\u1ee7a nh\u00f3m \u0111\u00f3, nh\u1eb1m \u0111\u1ea3m b\u1ea3o c\u00f3 c\u01a1 s\u1edf ph\u00e1p l\u00fd \u0111\u1ec3 \u0111\u00f2i b\u1ed3i th\u01b0\u1eddng khi ng\u01b0\u1eddi vay vi ph\u1ea1m h\u1ee3p \u0111\u1ed3ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng ph\u1ea3i tr\u1ea3i qua quy tr\u00ecnh x\u00e1c minh danh t\u00ednh (KYC) ho\u1eb7c \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n m\u1edbi c\u00f3 th\u1ec3 mua token DROP ho\u1eb7c TIN, v\u00ec v\u1ec1 m\u1eb7t ph\u00e1p l\u00fd, c\u00e1c token n\u00e0y r\u1ea5t c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 ch\u1ee9ng kho\u00e1n ho\u1eb7c ch\u1ee9ng t\u1eeb.<\/span><\/span><\/p>

Centrifuge c\u0169ng ho\u1ea1t \u0111\u1ed9ng tr\u00ean m\u1ed9t chu\u1ed7i song song trong h\u1ec7 sinh th\u00e1i Polkadot (h\u1ec7 th\u1ed1ng n\u00e0y \u0111ang chuy\u1ec3n t\u1eeb chu\u1ed7i \u0111\u1ed9c l\u1eadp sang chu\u1ed7i song song c\u1ee7a Polkadot \u0111\u1ec3 t\u1eadn d\u1ee5ng t\u00ednh b\u1ea3o m\u1eadt v\u00e0 kh\u1ea3 n\u0103ng k\u1ebft n\u1ed1i chu\u1ed7i ch\u00e9o c\u1ee7a Polkadot). Nh\u1edd s\u1eed d\u1ee5ng m\u1ed9t chu\u1ed7i kh\u1ed1i \u0111\u1ed9c l\u1eadp, Centrifuge c\u00f3 th\u1ec3 t\u00edch h\u1ee3p c\u00e1c m\u00f4-\u0111un qu\u1ea3n l\u00fd tu\u00e2n th\u1ee7 v\u00e0o thi\u1ebft k\u1ebf \u1edf c\u1ea5p \u0111\u1ed9 giao th\u1ee9c, ch\u1eb3ng h\u1ea1n nh\u01b0 gi\u1edbi h\u1ea1n c\u00e1c \u0111\u1ecba ch\u1ec9 \u0111\u01b0\u1ee3c ph\u00e9p tham gia giao d\u1ecbch trong c\u00e1c b\u1ec3 thanh kho\u1ea3n c\u1ee5 th\u1ec3.<\/span><\/span><\/p>

Token g\u1ed1c c\u1ee7a Centrifuge, $CFG, l\u00e0 ngu\u1ed3n nhi\u00ean li\u1ec7u v\u00e0 c\u00f4ng c\u1ee5 qu\u1ea3n tr\u1ecb cho to\u00e0n b\u1ed9 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a blockchain. C\u00e1c \u1ee9ng d\u1ee5ng c\u1ee7a $CFG bao g\u1ed3m: thanh to\u00e1n ph\u00ed giao d\u1ecbch, th\u1ebf ch\u1ea5p \u0111\u1ec3 tham gia v\u00e0o qu\u00e1 tr\u00ecnh \u0111\u1ed3ng thu\u1eadn c\u1ee7a c\u00e1c n\u00fat (t\u01b0\u01a1ng t\u1ef1 nh\u01b0 khai th\u00e1c b\u1eb1ng c\u00e1ch th\u1ebf ch\u1ea5p trong blockchain PoS), c\u0169ng nh\u01b0 b\u1ecf phi\u1ebfu qu\u1ea3n tr\u1ecb c\u1ed9ng \u0111\u1ed3ng. Khi t\u00e0i s\u1ea3n v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng t\u0103ng l\u00ean, v\u1ec1 m\u1eb7t l\u00fd thuy\u1ebft, nhu c\u1ea7u \u0111\u1ed1i v\u1edbi $CFG c\u0169ng s\u1ebd t\u0103ng theo (\u0111\u1ec3 thanh to\u00e1n nhi\u1ec1u ph\u00ed giao d\u1ecbch h\u01a1n, th\u1ebf ch\u1ea5p \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o an ninh m\u1ea1ng, v.v.). Tuy nhi\u00ean, c\u1ea7n l\u01b0u \u00fd r\u1eb1ng $CFG b\u1ea3n th\u00e2n n\u00f3 kh\u00f4ng li\u00ean k\u1ebft tr\u1ef1c ti\u1ebfp v\u1edbi hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c nh\u00f3m t\u00e0i s\u1ea3n: v\u00ed d\u1ee5, n\u1ebfu m\u1ed9t nh\u00f3m t\u00e0i s\u1ea3n Tinlake n\u00e0o \u0111\u00f3 sinh l\u1eddi cao, \u0111i\u1ec1u \u0111\u00f3 kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 c\u00e1c ch\u1ee7 s\u1edf h\u1eefu $CFG s\u1ebd t\u1ef1 \u0111\u1ed9ng nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c. Gi\u00e1 tr\u1ecb c\u1ee7a $CFG ph\u1ee5 thu\u1ed9c nhi\u1ec1u h\u01a1n v\u00e0o s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a h\u1ec7 sinh th\u00e1i blockchain Centrifuge, c\u0169ng nh\u01b0 ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o vi\u1ec7c n\u00f3 s\u1ebd tr\u1edf th\u00e0nh c\u00f4ng ty h\u00e0ng \u0111\u1ea7u v\u1ec1 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng RWA. N\u1ebfu c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh n\u1ed5i l\u00ean ho\u1eb7c th\u1ecb tr\u01b0\u1eddng cho vay b\u1ecb \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c, nhu c\u1ea7u \u0111\u1ed1i v\u1edbi $CFG c\u00f3 th\u1ec3 b\u1ecb \u1ea3nh h\u01b0\u1edfng.<\/span><\/span><\/p>

Centrifuge mang \u0111\u1ebfn m\u1ed9t vi\u1ec5n c\u1ea3nh t\u01b0\u01a1i s\u00e1ng, nh\u01b0ng nh\u1eefng r\u1ee7i ro c\u0169ng kh\u00f4ng th\u1ec3 b\u1ecf qua. Tr\u01b0\u1edbc h\u1ebft l\u00e0 r\u1ee7i ro t\u00edn d\u1ee5ng: t\u1ef7 l\u1ec7 v\u1ee1 n\u1ee3 c\u1ee7a c\u00e1c kho\u1ea3n vay d\u00e0nh cho doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf kh\u00f4ng h\u1ec1 th\u1ea5p. N\u1ebfu m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng l\u1edbn ng\u01b0\u1eddi vay kh\u00f4ng th\u1ec3 tr\u1ea3 n\u1ee3, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o danh m\u1ee5c t\u00e0i s\u1ea3n c\u1ee7a Tinlake v\u1eabn s\u1ebd ch\u1ecbu thi\u1ec7t h\u1ea1i. M\u1eb7c d\u00f9 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u01b0u ti\u00ean (DROP) \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7, nh\u01b0ng \u0111i\u1ec1u n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 gi\u1ea3i ph\u00e1p to\u00e0n di\u1ec7n; trong nh\u1eefng tr\u01b0\u1eddng h\u1ee3p c\u1ef1c \u0111oan, c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u01b0u ti\u00ean c\u0169ng c\u00f3 th\u1ec3 b\u1ecb l\u1ed7 v\u00e0 m\u1ea5t v\u1ed1n g\u1ed1c.<\/span><\/span><\/p>

Ti\u1ebfp theo l\u00e0 r\u1ee7i ro v\u1ec1 vi\u1ec7c thi h\u00e0nh ph\u00e1p lu\u1eadt: L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 ch\u1ee7 s\u1edf h\u1eefu token blockchain \u0111\u1ea3m b\u1ea3o \u0111\u01b0\u1ee3c c\u00e1c quy\u1ec1n l\u1ee3i h\u1ee3p \u0111\u1ed3ng ph\u00e1p l\u00fd c\u1ee7a m\u00ecnh? \u0110i\u1ec1u n\u00e0y ph\u1ee5 thu\u1ed9c v\u00e0o h\u1ec7 th\u1ed1ng ph\u00e1p lu\u1eadt truy\u1ec1n th\u1ed1ng; m\u1ed9t khi li\u00ean quan \u0111\u1ebfn giao d\u1ecbch xuy\u00ean bi\u00ean gi\u1edbi ho\u1eb7c r\u01a1i v\u00e0o v\u00f9ng x\u00e1m ph\u00e1p l\u00fd, vi\u1ec7c thu h\u1ed3i n\u1ee3 c\u00f3 th\u1ec3 b\u1ecb tr\u00ec ho\u00e3n ho\u1eb7c th\u1eadm ch\u00ed th\u1ea5t b\u1ea1i. T\u00ednh thanh kho\u1ea3n c\u0169ng l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1. C\u00e1c token c\u1ee7a Tinlake th\u01b0\u1eddng c\u00f3 t\u00ednh thanh kho\u1ea3n h\u1ea1n ch\u1ebf, b\u1edfi \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 th\u1ecb tr\u01b0\u1eddng meme coin d\u00e0nh cho \u0111\u1ea7u c\u01a1 \u0111\u1ea1i ch\u00fang. Khi mu\u1ed1n b\u00e1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ph\u00e1t hi\u1ec7n ra r\u1eb1ng ng\u01b0\u1eddi mua r\u1ea5t \u00edt, d\u1eabn \u0111\u1ebfn vi\u1ec7c ph\u1ea3i b\u00e1n v\u1edbi gi\u00e1 th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb th\u1ef1c. Do \u0111\u00f3, m\u1eb7c d\u00f9 Centrifuge cung c\u1ea5p m\u1ed9t con \u0111\u01b0\u1eddng s\u00e1ng t\u1ea1o \u0111\u1ec3 \u0111\u01b0a t\u00e0i s\u1ea3n th\u1ef1c v\u00e0o DeFi, nh\u01b0ng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng c\u1ea7n c\u00f3 s\u1ef1 chu\u1ea9n b\u1ecb t\u00e2m l\u00fd \u0111\u1ec3 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0 ch\u1ea5p nh\u1eadn t\u00ednh thanh kho\u1ea3n th\u1ea5p.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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T\u00f3m t\u1eaft nhanh: Centrifuge h\u1ed7 tr\u1ee3 c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf (SME) chuy\u1ec3n \u0111\u1ed5i c\u00e1c t\u00e0i s\u1ea3n th\u1ef1c c\u00f3 t\u00ednh thanh kho\u1ea3n th\u1ea5p (nh\u01b0 c\u00e1c kho\u1ea3n ph\u1ea3i thu) th\u00e0nh token th\u00f4ng qua h\u00ecnh th\u1ee9c ch\u1ee9ng kho\u00e1n h\u00f3a t\u00e0i s\u1ea3n, t\u1eeb \u0111\u00f3 gi\u00fap h\u1ecd huy \u0111\u1ed9ng v\u1ed1n. N\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p c\u00e1c lo\u1ea1i token r\u1ee7i ro ph\u00e2n t\u1ea7ng (DROP v\u00e0 TIN) nh\u1eb1m \u0111\u00e1p \u1ee9ng nhu c\u1ea7u v\u1ec1 l\u1ee3i nhu\u1eadn v\u00e0 m\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau. Tuy nhi\u00ean, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd \u0111\u1ebfn r\u1ee7i ro t\u00edn d\u1ee5ng c\u1ee7a c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf c\u0169ng nh\u01b0 v\u1ea5n \u0111\u1ec1 v\u1ec1 t\u00ednh thanh kho\u1ea3n c\u1ee7a t\u00e0i s\u1ea3n.<\/b><\/u><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\u52a0\u5165\u6211\u5011\u7684\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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C\u00e1c s\u00e0n giao d\u1ecbch ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c khuy\u1ebfn ngh\u1ecb
<\/span>L\u1ef1a ch\u1ecdn h\u00e0ng \u0111\u1ea7u c\u1ee7a ng\u01b0\u1eddi d\u00e2n H\u1ed3ng K\u00f4ng khi mua b\u00e1n Bitcoin v\u00e0 Ethereum \u300b OSL l\u00e0 s\u00e0n giao d\u1ecbch \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p \u0111\u1ea7u ti\u00ean t\u1ea1i H\u1ed3ng K\u00f4ng, m\u1edf t\u00e0i kho\u1ea3n ngay \u0111\u1ec3 nh\u1eadn ph\u1ea7n th\u01b0\u1edfng l\u00ean \u0111\u1ebfn 10.088 HKD<\/a>
<\/u><\/span><\/b><\/span>Ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng t\u1ea1i H\u1ed3ng K\u00f4ng mu\u1ed1n v\u1eeba \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu v\u1eeba giao d\u1ecbch ti\u1ec1n \u0111i\u1ec7n t\u1eed \u300b <\/b><\/span>Victory Securities: M\u1edf t\u00e0i kho\u1ea3n \u0111\u1ec3 c\u00f3 c\u01a1 h\u1ed9i tr\u00fang v\u00e9 m\u00e1y bay Tokyo \u2013 \u0110\u00e0i B\u1eafc v\u00e0 v\u00e9 xem concert<\/a>
<\/u><\/span><\/b>C\u00f3 nhi\u1ec1u l\u1ef1a ch\u1ecdn lo\u1ea1i ti\u1ec1n t\u1ec7 h\u01a1n, ph\u00f9 h\u1ee3p \u0111\u1ec3 mua ti\u1ec1n \u0111i\u1ec7n t\u1eed phi Bitcoin theo h\u00ecnh th\u1ee9c giao d\u1ecbch giao ngay \u300b\u00a0Giao d\u1ecbch tr\u00ean MEXC \u0111\u1ec3 t\u1eadn h\u01b0\u1edfng nhi\u1ec1u \u01b0u \u0111\u00e3i h\u1ea5p d\u1eabn, bao g\u1ed3m \u0111\u00f2n b\u1ea9y l\u00ean \u0111\u1ebfn 400 l\u1ea7n<\/a><\/u><\/b><\/span>
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S\u1ef1 th\u1eadt v\u1ec1 th\u1ecb tr\u01b0\u1eddng RWA: C\u01a1 h\u1ed9i v\u00e0 c\u1ea1m b\u1eaby song h\u00e0nh<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Sau khi xem qua m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n ti\u00eau bi\u1ec3u tr\u00ean, li\u1ec7u b\u1ea1n \u0111\u00e3 c\u00f3 c\u00e1i nh\u00ecn s\u01a1 b\u1ed9 v\u1ec1 RWA ch\u01b0a? Nh\u00ecn chung, l\u0129nh v\u1ef1c RWA th\u1ef1c s\u1ef1 \u0111\u00e3 mang \u0111\u1ebfn m\u1ed9t l\u00e0n gi\u00f3 m\u1edbi cho th\u1ebf gi\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed: n\u00f3 gi\u00fap DeFi kh\u00f4ng c\u00f2n l\u00e0 m\u1ed9t n\u1ec1n kinh t\u1ebf \u1ea3o ch\u1ec9 t\u1ef1 n\u00f3i v\u1edbi ch\u00ednh m\u00ecnh, m\u00e0 b\u1eaft \u0111\u1ea7u k\u1ebft n\u1ed1i v\u1edbi nh\u1eefng gi\u00e1 tr\u1ecb th\u1ef1c t\u1ebf nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tr\u00e1i phi\u1ebfu, kho\u1ea3n vay doanh nghi\u1ec7p v\u00e0 c\u1ed5 phi\u1ebfu. \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111i\u1ec1u n\u00e0y \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c c\u00f3 th\u00eam nhi\u1ec1u l\u1ef1a ch\u1ecdn \u0111a d\u1ea1ng h\u01a1n trong vi\u1ec7c ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n c\u0169ng nh\u01b0 ngu\u1ed3n thu nh\u1eadp \u1ed5n \u0111\u1ecbnh h\u01a1n (v\u00ed d\u1ee5 nh\u01b0 l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7, thu nh\u1eadp t\u1eeb ti\u1ec1n thu\u00ea nh\u00e0, v.v.). Kh\u00f4ng c\u00f3 g\u00ec ng\u1ea1c nhi\u00ean khi k\u1ec3 t\u1eeb n\u0103m 2023, th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 \u0111\u01b0\u1ee3c token h\u00f3a tr\u00ean chu\u1ed7i \u0111\u00e3 b\u00f9ng n\u1ed5, quy m\u00f4 t\u0103ng g\u1ea5p s\u00e1u l\u1ea7n ch\u1ec9 trong v\u00f2ng m\u1ed9t n\u0103m, \u0111\u1ea1t g\u1ea7n 700 tri\u1ec7u USD. Theo Defillama, hi\u1ec7n t\u1ea1i TVL c\u1ee7a l\u0129nh v\u1ef1c RWA \u0111\u00e3 \u0111\u1ea1t 11 t\u1ef7 USD (6). Ngay c\u1ea3 c\u00e1c \u00f4ng l\u1edbn trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng c\u0169ng b\u1eaft \u0111\u1ea7u tham gia: Larry Fink cho r\u1eb1ng token h\u00f3a l\u00e0 t\u01b0\u01a1ng lai, trong khi JPMorgan, Goldman Sachs v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c kh\u00e1c c\u0169ng l\u1ea7n l\u01b0\u1ee3t \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c n\u00e0y. Nh\u00ecn b\u1ec1 ngo\u00e0i, RWA c\u00f3 ti\u1ec1m n\u0103ng tr\u1edf th\u00e0nh \u0111\u00f2n b\u1ea9y cho \u0111\u1ee3t t\u0103ng gi\u00e1 l\u1edbn ti\u1ebfp theo c\u1ee7a th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/span><\/span><\/p>

Tuy nhi\u00ean, khi b\u00ecnh t\u0129nh l\u1ea1i, ch\u00fang ta c\u0169ng c\u1ea7n nh\u1eadn ra nh\u1eefng c\u1ea1m b\u1eaby ti\u1ec1m \u1ea9n. Tr\u01b0\u1edbc h\u1ebft, chi ph\u00ed tu\u00e2n th\u1ee7 v\u00e0 c\u00e1c h\u1ea1n ch\u1ebf lu\u00f4n t\u1ed3n t\u1ea1i. \u0110\u1ec3 \u0111\u1ea3m b\u1ea3o tu\u00e2n th\u1ee7 ph\u00e1p lu\u1eadt, c\u00e1c d\u1ef1 \u00e1n RWA th\u01b0\u1eddng y\u00eau c\u1ea7u nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i l\u00e0 t\u1ed5 ch\u1ee9c \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n v\u00e0 th\u1ef1c hi\u1ec7n x\u00e1c minh danh t\u00ednh (KYC), \u0111i\u1ec1u n\u00e0y m\u00e2u thu\u1eabn v\u1edbi m\u1ee5c ti\u00eau ban \u0111\u1ea7u v\u1ec1 t\u00e0i ch\u00ednh m\u1edf v\u00e0 ph\u1ed5 c\u1eadp m\u00e0 DeFi \u0111\u1ec1 cao. Qu\u00e1 nhi\u1ec1u h\u1ea1n ch\u1ebf c\u00f3 th\u1ec3 khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n th\u00f4ng th\u01b0\u1eddng e ng\u1ea1i, do \u0111\u00f3, t\u00e0i s\u1ea3n RWA hi\u1ec7n t\u1ea1i v\u1eabn kh\u00f3 c\u00f3 th\u1ec3 th\u1ef1c s\u1ef1 \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 tham gia c\u1ee7a m\u1ecdi ng\u01b0\u1eddi m\u00e0 kh\u00f4ng c\u00f3 r\u00e0o c\u1ea3n n\u00e0o. Th\u1ee9 hai, v\u1ea5n \u0111\u1ec1 ni\u1ec1m tin t\u1eadp trung v\u1eabn n\u1ed5i b\u1eadt trong RWA \u2014 b\u1ea1n ph\u1ea3i tin r\u1eb1ng c\u00e1c c\u00f4ng ty ph\u00e1t h\u00e0nh token th\u1ef1c s\u1ef1 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n m\u1ed9t c\u00e1ch th\u00edch h\u1ee3p v\u00e0 ng\u01b0\u1eddi vay s\u1ebd tu\u00e2n th\u1ee7 h\u1ee3p \u0111\u1ed3ng \u0111\u1ec3 tr\u1ea3 n\u1ee3. N\u1ebfu c\u00e1c trung gian n\u00e0y g\u1eb7p s\u1ef1 c\u1ed1, token RWA c\u0169ng s\u1ebd s\u1ee5p \u0111\u1ed5. V\u00e0 nh\u01b0 ch\u00fang ta \u0111\u00e3 ph\u00e2n t\u00edch tr\u01b0\u1edbc \u0111\u00f3, m\u1ed7i d\u1ef1 \u00e1n \u0111\u1ec1u c\u00f3 nh\u1eefng r\u1ee7i ro ri\u00eang v\u1ec1 m\u00f4 h\u00ecnh kinh doanh: r\u1ee7i ro v\u1ee1 n\u1ee3 trong t\u00edn d\u1ee5ng, s\u1ea3n ph\u1ea9m ch\u1ee9ng kho\u00e1n h\u00f3a ch\u1ecbu \u1ea3nh h\u01b0\u1edfng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng, s\u1ef1 ch\u00eanh l\u1ec7ch l\u1edbn trong vi\u1ec7c thi h\u00e0nh ph\u00e1p lu\u1eadt, v.v. \u2014 t\u1ea5t c\u1ea3 nh\u1eefng \u0111i\u1ec1u n\u00e0y kh\u00f4ng th\u1ec3 \u0111\u01b0\u1ee3c c\u00f4ng ngh\u1ec7 blockchain x\u00f3a b\u1ecf m\u1ed9t c\u00e1ch k\u1ef3 di\u1ec7u.<\/span><\/span><\/p>

H\u01a1n n\u1eefa, l\u1ee3i nhu\u1eadn t\u1eeb c\u00e1c d\u1ef1 \u00e1n RWA ch\u01b0a h\u1eb3n \u0111\u00e3 \u0111\u1ee7 h\u1ea5p d\u1eabn. N\u00f3i th\u1eb3ng ra, khi \u0111\u01b0a tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 l\u00ean blockchain, b\u1ea1n ch\u1ec9 nh\u1eadn \u0111\u01b0\u1ee3c m\u1ee9c l\u00e3i su\u1ea5t h\u00e0ng n\u0103m kho\u1ea3ng 4-5%; \u0111\u1ed1i v\u1edbi c\u00e1c kho\u1ea3n vay doanh nghi\u1ec7p, con s\u1ed1 n\u00e0y c\u00f3 th\u1ec3 cao h\u01a1n nh\u01b0ng c\u0169ng ch\u1ec9 dao \u0111\u1ed9ng t\u1eeb m\u1ed9t con s\u1ed1 \u0111\u1ebfn h\u01a1n m\u01b0\u1eddi ph\u1ea7n tr\u0103m, k\u00e8m theo nh\u1eefng r\u1ee7i ro t\u01b0\u01a1ng \u1ee9ng. \u0110\u1ed1i v\u1edbi nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 quen v\u1edbi m\u1ee9c \"l\u1ee3i nhu\u1eadn cao\" c\u1ee7a DeFi, l\u1ee3i nhu\u1eadn t\u1eeb RWA c\u00f3 th\u1ec3 tr\u00f4ng kh\u00e1 nh\u00e0m ch\u00e1n. N\u1ebfu kh\u00f4ng c\u00f3 ngu\u1ed3n v\u1ed1n l\u1edbn ho\u1eb7c k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb th\u00e0 m\u1ea1o hi\u1ec3m v\u1edbi c\u00e1c \u0111\u1ed3ng meme coin c\u00f2n h\u01a1n l\u00e0 kh\u00f3a ti\u1ec1n \u0111\u1ec3 nh\u1eadn v\u00e0i ph\u1ea7n tr\u0103m l\u00e3i su\u1ea5t. Do \u0111\u00f3, t\u00ednh thanh kho\u1ea3n tr\u1edf th\u00e0nh v\u1ea5n \u0111\u1ec1: c\u00e1c token RWA c\u00f3 th\u1ec3 \u00edt \u0111\u01b0\u1ee3c giao d\u1ecbch, vi\u1ec7c mua b\u00e1n kh\u00f4ng \u0111\u01b0\u1ee3c su\u00f4n s\u1ebb nh\u01b0 c\u00e1c \u0111\u1ed3ng ti\u1ec1n \u0111i\u1ec7n t\u1eed ch\u00ednh th\u1ed1ng.<\/span><\/span><\/p>

V\u1eady RWA c\u00f3 th\u1ef1c s\u1ef1 l\u00e0 t\u01b0\u01a1ng lai hay kh\u00f4ng? Theo quan \u0111i\u1ec3m c\u1ee7a t\u00e1c gi\u1ea3, \u0111\u00e2y ch\u1eafc ch\u1eafn l\u00e0 m\u1ed9t tr\u1ee5 c\u1ed9t kh\u00f4ng th\u1ec3 b\u1ecf qua trong th\u1ebf gi\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed. Khi khung ph\u00e1p l\u00fd d\u1ea7n \u0111\u01b0\u1ee3c l\u00e0m r\u00f5, RWA h\u1ee9a h\u1eb9n s\u1ebd thu h\u00fat h\u00e0ng tr\u0103m t\u1ef7 USD v\u1ed1n truy\u1ec1n th\u1ed1ng \u0111\u1ed5 v\u00e0o th\u1ecb tr\u01b0\u1eddng, b\u1edfi so v\u1edbi c\u00e1c t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed thu\u1ea7n t\u00fay, c\u00e1c t\u1ed5 ch\u1ee9c s\u1eb5n s\u00e0ng \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c s\u1ea3n ph\u1ea9m token c\u00f3 c\u01a1 s\u1edf v\u1eadt ch\u1ea5t h\u01a1n. Tuy nhi\u00ean, tr\u01b0\u1edbc khi \u0111i\u1ec1u \u0111\u00f3 x\u1ea3y ra, nhi\u1ec1u d\u1ef1 \u00e1n v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn \u0111ang trong giai \u0111o\u1ea1n th\u0103m d\u00f2, t\u1eebng b\u01b0\u1edbc th\u1eed nghi\u1ec7m.<\/span><\/span><\/p>

\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u01b0\u1eddng, c\u01a1 h\u1ed9i t\u1ea5t nhi\u00ean l\u00e0 c\u00f3: n\u1ebfu n\u1eafm b\u1eaft s\u1edbm c\u00e1c d\u1ef1 \u00e1n RWA ch\u1ea5t l\u01b0\u1ee3ng, h\u1ecd c\u00f3 th\u1ec3 b\u1eaft k\u1ecbp nh\u1ecbp \u0111i\u1ec7u c\u1ee7a l\u00e0n s\u00f3ng xu h\u01b0\u1edbng ti\u1ebfp theo. Tuy nhi\u00ean, c\u1ea7n c\u1ea3nh gi\u00e1c v\u1edbi s\u1ef1 th\u1ed5i ph\u1ed3ng qu\u00e1 m\u1ee9c: \u0111\u1eebng qu\u00ean b\u00e0i h\u1ecdc t\u1eeb \u0111\u1ed3ng OM, d\u00f9 \u0111\u01b0\u1ee3c g\u1eafn m\u00e1c \u201ct\u00e0i s\u1ea3n th\u1ebf gi\u1edbi th\u1ef1c\u201d, gi\u00e1 \u0111\u1ed3ng ti\u1ec1n n\u00e0y v\u1eabn s\u1ee5p \u0111\u1ed5 khi \u0111\u1ebfn l\u00fac. \u0110\u1ea7u t\u01b0 cu\u1ed1i c\u00f9ng v\u1eabn ph\u1ea3i quay v\u1ec1 b\u1ea3n ch\u1ea5t c\u1ee7a t\u00e0i s\u1ea3n v\u00e0 t\u1ef7 l\u1ec7 r\u1ee7i ro-l\u1ee3i nhu\u1eadn, \u0111\u1eebng \u0111\u1ec3 b\u1ecb m\u00ea ho\u1eb7c b\u1edfi nh\u1eefng t\u1eeb ng\u1eef hoa m\u1ef9, k\u1ebbo ph\u1ea3i \u0111i l\u00e0m th\u00eam \u1edf McDonald\u2019s.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Nh\u00e2n ti\u1ec7n, m\u00ecnh mu\u1ed1n chia s\u1ebb v\u1edbi m\u1ecdi ng\u01b0\u1eddi m\u1ed9t c\u00e2u chuy\u1ec7n c\u01b0\u1eddi m\u1edbi nh\u1ea5t trong gi\u1edbi ti\u1ec1n \u0111i\u1ec7n t\u1eed: D\u00f9 $OM \u0111\u00e3 lao d\u1ed1c 90%, nh\u01b0ng th\u00e0nh t\u00edch c\u1ee7a n\u00f3 trong n\u0103m nay v\u1eabn t\u1ed1t h\u01a1n $ETH \u0111\u1ea5y! \ud83d\ude02<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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C\u00e1c s\u00e0n giao d\u1ecbch ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c khuy\u1ebfn ngh\u1ecb
<\/span>L\u1ef1a ch\u1ecdn h\u00e0ng \u0111\u1ea7u c\u1ee7a ng\u01b0\u1eddi d\u00e2n H\u1ed3ng K\u00f4ng khi mua b\u00e1n Bitcoin v\u00e0 Ethereum \u300b OSL l\u00e0 s\u00e0n giao d\u1ecbch \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p \u0111\u1ea7u ti\u00ean t\u1ea1i H\u1ed3ng K\u00f4ng, m\u1edf t\u00e0i kho\u1ea3n ngay \u0111\u1ec3 nh\u1eadn ph\u1ea7n th\u01b0\u1edfng l\u00ean \u0111\u1ebfn 10.088 HKD<\/a>
<\/u><\/span><\/b><\/span>Ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng t\u1ea1i H\u1ed3ng K\u00f4ng mu\u1ed1n v\u1eeba \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu v\u1eeba giao d\u1ecbch ti\u1ec1n \u0111i\u1ec7n t\u1eed \u300b <\/b><\/span>Victory Securities: M\u1edf t\u00e0i kho\u1ea3n \u0111\u1ec3 c\u00f3 c\u01a1 h\u1ed9i tr\u00fang v\u00e9 m\u00e1y bay Tokyo \u2013 \u0110\u00e0i B\u1eafc v\u00e0 v\u00e9 xem concert<\/a>
<\/u><\/span><\/b>C\u00f3 nhi\u1ec1u l\u1ef1a ch\u1ecdn lo\u1ea1i ti\u1ec1n t\u1ec7 h\u01a1n, ph\u00f9 h\u1ee3p \u0111\u1ec3 mua ti\u1ec1n \u0111i\u1ec7n t\u1eed phi Bitcoin theo h\u00ecnh th\u1ee9c giao d\u1ecbch giao ngay \u300b\u00a0Giao d\u1ecbch tr\u00ean MEXC \u0111\u1ec3 t\u1eadn h\u01b0\u1edfng nhi\u1ec1u \u01b0u \u0111\u00e3i h\u1ea5p d\u1eabn, bao g\u1ed3m \u0111\u00f2n b\u1ea9y l\u00ean \u0111\u1ebfn 400 l\u1ea7n<\/a><\/u><\/b><\/span>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\u52a0\u5165\u6211\u5011\u7684\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Th\u00f4ng b\u00e1o tr\u00ean trang web<\/b><\/span><\/font><\/p>\n

N\u1ed9i dung b\u00e0i vi\u1ebft n\u00e0y ch\u1ec9 mang t\u00ednh ch\u1ea5t tham kh\u1ea3o. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1ef1 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh, \u0111\u1ea7u t\u01b0 m\u1ed9t c\u00e1ch th\u1eadn tr\u1ecdng v\u00e0 t\u1ef1 ch\u1ecbu r\u1ee7i ro. B\u00e0i vi\u1ebft n\u00e0y kh\u00f4ng cung c\u1ea5p c\u0169ng nh\u01b0 kh\u00f4ng nh\u1eb1m m\u1ee5c \u0111\u00edch thuy\u1ebft ph\u1ee5c \u0111\u1ed9c gi\u1ea3 th\u1ef1c hi\u1ec7n giao d\u1ecbch hay \u0111\u1ea7u t\u01b0; n\u1ed9i dung ch\u1ec9 \u0111\u01b0\u1ee3c chia s\u1ebb v\u1edbi m\u1ee5c \u0111\u00edch tham kh\u1ea3o v\u00e0 kh\u00f4ng n\u00ean \u0111\u01b0\u1ee3c coi l\u00e0 l\u1eddi khuy\u00ean \u0111\u1ea7u t\u01b0,<\/span><\/font>c\u0169ng kh\u00f4ng ph\u1ea3n \u00e1nh quan \u0111i\u1ec3m v\u00e0 l\u1eadp tr\u01b0\u1eddng c\u1ee7a Monsterblockhk,<\/span>T\u1ea5t c\u1ea3 th\u00f4ng tin v\u00e0 quan \u0111i\u1ec3m \u0111\u1ec1u mang t\u00ednh th\u1eddi \u0111i\u1ec3m v\u00e0 ch\u1ec9 ph\u1ea3n \u00e1nh \u0111\u00e1nh gi\u00e1 t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3. Ngo\u00e0i ra, n\u1ebfu<\/span><\/font>Tr\u00ean trang web n\u00e0y<\/span>M\u1ecdi n\u1ed9i dung li\u00ean quan \u0111\u1ebfn c\u00e1c s\u00e0n giao d\u1ecbch t\u00e0i s\u1ea3n \u1ea3o ch\u01b0a \u0111\u01b0\u1ee3c c\u1ea5p gi\u1ea5y ph\u00e9p ho\u1ea1t \u0111\u1ed9ng t\u1ea1i H\u1ed3ng K\u00f4ng, bao g\u1ed3m nh\u01b0ng kh\u00f4ng gi\u1edbi h\u1ea1n \u1edf c\u00e1c b\u00e0i gi\u1edbi thi\u1ec7u b\u1eb1ng v\u0103n b\u1ea3n, h\u00ecnh \u1ea3nh, \u01b0u \u0111\u00e3i, s\u1ef1 ki\u1ec7n, v.v., ch\u1ec9 \u0111\u01b0\u1ee3c cung c\u1ea5p cho ng\u01b0\u1eddi d\u00f9ng \u1edf c\u00e1c khu v\u1ef1c ngo\u00e0i \u0110\u1eb7c khu H\u00e0nh ch\u00ednh H\u1ed3ng K\u00f4ng.<\/span><\/p>\n

Theo \u201c\u0110\u1ea1o lu\u1eadt Ch\u1ed1ng r\u1eeda ti\u1ec1n v\u00e0 Ch\u1ed1ng t\u00e0i tr\u1ee3 kh\u1ee7ng b\u1ed1 (S\u1eeda \u0111\u1ed5i) n\u0103m 2022\u201d c\u1ee7a H\u1ed3ng K\u00f4ng, k\u1ec3 t\u1eeb ng\u00e0y 1 th\u00e1ng 6 n\u0103m 2023, t\u1ea5t c\u1ea3 c\u00e1c s\u00e0n giao d\u1ecbch t\u00e0i s\u1ea3n \u1ea3o t\u1eadp trung ho\u1ea1t \u0111\u1ed9ng t\u1ea1i H\u1ed3ng K\u00f4ng ho\u1eb7c t\u00edch c\u1ef1c qu\u1ea3ng b\u00e1 d\u1ecbch v\u1ee5 c\u1ee7a m\u00ecnh t\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 H\u1ed3ng K\u00f4ng s\u1ebd ph\u1ea3i \u0111\u01b0\u1ee3c \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 H\u1ee3p \u0111\u1ed3ng T\u01b0\u01a1ng lai H\u1ed3ng K\u00f4ng (SFC) c\u1ea5p ph\u00e9p v\u00e0 ch\u1ecbu s\u1ef1 gi\u00e1m s\u00e1t c\u1ee7a c\u01a1 quan n\u00e0y; m\u1ecdi ho\u1ea1t \u0111\u1ed9ng li\u00ean quan m\u00e0 kh\u00f4ng c\u00f3 gi\u1ea5y ph\u00e9p \u0111\u1ec1u b\u1ecb coi l\u00e0 h\u00e0nh vi ph\u1ea1m t\u1ed9i h\u00ecnh s\u1ef1. N\u1ebfu ng\u01b0\u1eddi d\u00f9ng mu\u1ed1n t\u00ecm hi\u1ec3u chi ti\u1ebft v\u00e0 n\u1ed9i dung c\u1ee5 th\u1ec3 c\u1ee7a lu\u1eadt n\u00e0y, vui l\u00f2ng truy c\u1eadp trang web c\u1ee7a SFC.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\u52a0\u5165\u6211\u5011\u7684\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

MANTRA \u662f\u500b\u6a19\u699c\u300cRWA\uff08Real World Assets\uff09\u300d\u7684\u65b0\u8cb4\u2014\u2014\u7c21\u55ae\u4f86\u8aaa\uff0c\u5c31\u662f\u300c\u628a\u73fe\u5be6\u4e16\u754c\u7684\u8cc7 […]<\/p>\n","protected":false},"author":3,"featured_media":18083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[59,32],"tags":[],"class_list":["post-18080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-new-articles","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t