{ "id": 73104, "date": "2026-04-17T09:22:06", "date_gmt": "2026-04-17T02:22:06", "guid": { "rendered": "https:\/\/hbbgroup.net\/crypto-for-advisors-tokenizations-evolution\/" }, "modified": "2026-04-17T09:49:27", "modified_gmt": "2026-04-17T02:49:27", "slug": "crypto-for-advisors-tokenizations-evolution", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/crypto-for-advisors-tokenizations-evolution\/", "title": { "rendered": "Crypto d\u00e0nh cho c\u1ed1 v\u1ea5n: S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a tokenization" }, "content": { "rendered": "
\n

Trong b\u1ea3n tin h\u00f4m nay, Marcin Kazmierczak s\u1ebd d\u1eabn d\u1eaft qu\u00e1 tr\u00ecnh ph\u00e1t tri\u1ec3n c\u1ee7a tokenization khi chuy\u1ec3n t\u1eeb \u201ckh\u00e1i ni\u1ec7m sang ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n.\u201d<\/p>\n

Ti\u1ebfp theo, trong m\u1ee5c \u201cAsk an Expert,\u201d Kieran Mitha tr\u1ea3 l\u1eddi c\u00e1c c\u00e2u h\u1ecfi c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c token h\u00f3a.<\/p>\n

– Sarah Morton<\/a><\/strong><\/p>\n

\n

Tokenization \u0111ang chuy\u1ec3n t\u1eeb giai \u0111o\u1ea1n \u201ckh\u00e1i ni\u1ec7m\u201d sang \u201cph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n\u201d. \u0110i\u1ec1u quan tr\u1ecdng hi\u1ec7n t\u1ea1i l\u00e0 c\u00e1ch c\u00e1c t\u00e0i s\u1ea3n n\u00e0y \u0111\u01b0\u1ee3c t\u00edch h\u1ee3p v\u00e0o danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 gi\u00e1 tr\u1ecb th\u1ef1c t\u1ebf m\u00e0 ch\u00fang mang l\u1ea1i.<\/p>\n

Kh\u00e1ch h\u00e0ng c\u1ee7a b\u1ea1n \u0111\u00e3 b\u1eaft \u0111\u1ea7u nghe v\u00e0 \u0111\u1eb7t c\u00e2u h\u1ecfi v\u1ec1 c\u00e1c t\u00e0i s\u1ea3n tokenized, v\u00e0 xu h\u01b0\u1edbng n\u00e0y s\u1ebd c\u00f2n t\u0103ng t\u1ed1c.<\/p>\n

Trong 18 th\u00e1ng qua, c\u00e1c c\u00f4ng ty nh\u01b0 BlackRock, Franklin Templeton v\u00e0 Fidelity Investments \u0111\u00e3 tri\u1ec3n khai c\u00e1c s\u1ea3n ph\u1ea9m th\u1ef1c t\u1ebf tr\u00ean blockchain, bao g\u1ed3m qu\u1ef9 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 v\u00e0 chi\u1ebfn l\u01b0\u1ee3c t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n. Nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang d\u1ea7n ch\u00fa \u00fd. S\u1ed1 li\u1ec7u t\u0103ng l\u00ean, th\u00f4ng tin d\u1ec5 theo d\u00f5i, v\u00e0 \u00fd t\u01b0\u1edfng c\u1ed1t l\u00f5i kh\u00e1 \u0111\u01a1n gi\u1ea3n: tr\u00e1i phi\u1ebfu, t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n v\u00e0 qu\u1ef9 th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 gi\u1edd \u0111\u00e2y c\u00f3 th\u1ec3 t\u1ed3n t\u1ea1i on-chain, kh\u00f4ng c\u1ea7n trung gian truy\u1ec1n th\u1ed1ng, \u0111\u1ed3ng th\u1eddi t\u1ed1c \u0111\u1ed9 thanh to\u00e1n nhanh h\u01a1n \u0111\u00e1ng k\u1ec3.<\/p>\n

Tuy nhi\u00ean, b\u1ee9c tranh n\u00e0y v\u1eabn ch\u01b0a \u0111\u1ea7y \u0111\u1ee7.<\/p>\n

C\u00f4ng ngh\u1ec7 t\u1ea1o token ch\u01b0a bao gi\u1edd l\u00e0 th\u00e1ch th\u1ee9c ch\u00ednh. Th\u1eed th\u00e1ch th\u1ef1c s\u1ef1 n\u1eb1m \u1edf giai \u0111o\u1ea1n sau: tu\u00e2n th\u1ee7 (compliance), \u0111\u1ecbnh danh (identity), quy t\u1eafc chuy\u1ec3n nh\u01b0\u1ee3ng, l\u1ec7nh tr\u1eebng ph\u1ea1t v\u00e0 qu\u1ea3n l\u00fd v\u00f2ng \u0111\u1eddi t\u00e0i s\u1ea3n. \u0110\u00e2y l\u00e0 nh\u1eefng \u0111i\u1ec3m khi\u1ebfn ph\u1ea7n l\u1edbn d\u1ef1 \u00e1n ch\u1eadm l\u1ea1i, v\u00e0 c\u0169ng l\u00e0 n\u01a1i th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u00e1t tri\u1ec3n m\u1ea1nh hi\u1ec7n nay.<\/p>\n

Th\u00e1ng tr\u01b0\u1edbc, \u0111\u1ed9i ng\u0169 nghi\u00ean c\u1ee9u c\u1ee7a RedStone \u0111\u00e3 c\u00f4ng b\u1ed1 b\u00e1o c\u00e1o Tokenization & RWA Standards Report 2026<\/em>, ph\u00e2n t\u00edch c\u00e1ch c\u00e1c h\u1ec7 th\u1ed1ng n\u00e0y th\u1ef1c s\u1ef1 \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng.<\/p>\n

B\u00e0i to\u00e1n compliance l\u00e0 b\u00e0i to\u00e1n ki\u1ebfn tr\u00fac<\/strong><\/h2>\n

\u0110\u1ed1i v\u1edbi c\u00e1c \u0111\u01a1n v\u1ecb ph\u00e1t h\u00e0nh, quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng nh\u1ea5t kh\u00f4ng ph\u1ea3i l\u00e0 ch\u1ecdn blockchain n\u00e0o, m\u00e0 l\u00e0 \u0111\u1eb7t c\u00e1c quy t\u1eafc tu\u00e2n th\u1ee7 \u1edf \u0111\u00e2u.<\/p>\n

Compliance c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c t\u00edch h\u1ee3p tr\u1ef1c ti\u1ebfp v\u00e0o token v\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c thi b\u1edfi smart contract trong m\u1ed7i l\u1ea7n chuy\u1ec3n. N\u00f3 c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd b\u00ean ngo\u00e0i token th\u00f4ng qua c\u00e1c c\u00f4ng c\u1ee5 nh\u01b0 whitelist. M\u1ed9t ph\u01b0\u01a1ng \u00e1n kh\u00e1c l\u00e0 th\u1ef1c thi \u1edf c\u1ea5p \u0111\u1ed9 m\u1ea1ng l\u01b0\u1edbi, n\u01a1i blockchain t\u1ef1 quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch n\u00e0o \u0111\u01b0\u1ee3c ph\u00e9p.<\/p>\n

M\u1ed7i ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec1u gi\u1ea3i quy\u1ebft m\u1ed9t v\u1ea5n \u0111\u1ec1 nh\u01b0ng \u0111\u1ed3ng th\u1eddi l\u1ea1i t\u1ea1o ra nh\u1eefng th\u00e1ch th\u1ee9c m\u1edbi.<\/p>\n

\"IdentityC\u1ea5u tr\u00fac x\u00e1c minh danh t\u00ednh cho t\u00e0i s\u1ea3n tokenized, ngu\u1ed3n: Tokenization Standards Report<\/a><\/em><\/figure>\n

Vi\u1ec7c \u0111\u01b0a c\u00e1c quy t\u1eafc compliance tr\u1ef1c ti\u1ebfp v\u00e0o token mang l\u1ea1i kh\u1ea3 n\u0103ng ki\u1ec3m so\u00e1t ch\u00ednh x\u00e1c, nh\u01b0ng l\u00e0m gi\u1ea3m t\u00ednh linh ho\u1ea1t c\u1ee7a h\u1ec7 th\u1ed1ng. V\u00ed d\u1ee5, vi\u1ec7c c\u1eadp nh\u1eadt danh s\u00e1ch tr\u1eebng ph\u1ea1t ho\u1eb7c quy \u0111\u1ecbnh c\u00f3 th\u1ec3 y\u00eau c\u1ea7u n\u00e2ng c\u1ea5p smart contract, bi\u1ebfn m\u1ed9t thay \u0111\u1ed5i ch\u00ednh s\u00e1ch \u0111\u01a1n gi\u1ea3n th\u00e0nh m\u1ed9t nhi\u1ec7m v\u1ee5 k\u1ef9 thu\u1eadt. Qu\u1ea3n l\u00fd compliance b\u00ean ngo\u00e0i token gi\u00fap linh ho\u1ea1t h\u01a1n, nh\u01b0ng l\u1ea1i ph\u1ee5 thu\u1ed9c v\u00e0o trung gian v\u00e0 c\u00f3 th\u1ec3 khi\u1ebfn t\u00e0i s\u1ea3n g\u1eb7p r\u1ee7i ro n\u1ebfu r\u1eddi kh\u1ecfi m\u00f4i tr\u01b0\u1eddng ban \u0111\u1ea7u. Th\u1ef1c thi quy t\u1eafc \u1edf c\u1ea5p \u0111\u1ed9 m\u1ea1ng l\u01b0\u1edbi gi\u00fap \u0111\u01a1n gi\u1ea3n h\u00f3a thi\u1ebft k\u1ebf token, nh\u01b0ng h\u1ea1n ch\u1ebf kh\u1ea3 n\u0103ng di chuy\u1ec3n sang c\u00e1c chain v\u00e0 h\u1ec7 th\u1ed1ng kh\u00e1c.<\/p>\n

\u0110\u1ed1i v\u1edbi c\u00e1c c\u1ed1 v\u1ea5n, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 l\u1ef1a ch\u1ecdn mang t\u00ednh l\u00fd thuy\u1ebft. N\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1ch t\u00e0i s\u1ea3n v\u1eadn h\u00e0nh\u2014quy\u1ebft \u0111\u1ecbnh li\u1ec7u t\u00e0i s\u1ea3n c\u00f3 th\u1ec3 di chuy\u1ec3n cross-chain, t\u00edch h\u1ee3p v\u1edbi c\u00e1c giao th\u1ee9c DeFi h\u00e0ng \u0111\u1ea7u nh\u01b0 Morpho ho\u1eb7c Aave, v\u00e0 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng l\u00e0m t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p trong c\u00e1c chi\u1ebfn l\u01b0\u1ee3c lending hay kh\u00f4ng. Hai qu\u1ef9 tokenized c\u00f3 c\u00f9ng t\u00e0i s\u1ea3n c\u01a1 s\u1edf v\u1eabn c\u00f3 th\u1ec3 ho\u1ea1t \u0111\u1ed9ng r\u1ea5t kh\u00e1c nhau ch\u1ec9 v\u00ec quy\u1ebft \u0111\u1ecbnh ki\u1ebfn tr\u00fac n\u00e0y.<\/p>\n

D\u00f2ng v\u1ed1n t\u1ed5 ch\u1ee9c \u0111ang d\u1ecbch chuy\u1ec3n on-chain<\/strong><\/h2>\n

S\u1ef1 chuy\u1ec3n d\u1ecbch t\u1eeb l\u00fd thuy\u1ebft sang th\u1ef1c ti\u1ec5n th\u1ec3 hi\u1ec7n r\u00f5 nh\u1ea5t qua vi\u1ec7c t\u00e0i s\u1ea3n tokenized \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong c\u00e1c th\u1ecb tr\u01b0\u1eddng lending.<\/p>\n

L\u01b0\u1ee3ng t\u00e0i s\u1ea3n th\u1ef1c (RWA) \u0111\u01b0\u1ee3c token h\u00f3a g\u1eedi v\u00e0o c\u00e1c giao th\u1ee9c lending DeFi \u0111\u00e3 v\u01b0\u1ee3t $840 tri\u1ec7u. Ph\u1ea7n l\u1edbn ho\u1ea1t \u0111\u1ed9ng theo m\u00f4 h\u00ecnh quen thu\u1ed9c: nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ebf ch\u1ea5p t\u00e0i s\u1ea3n tokenized, vay v\u1ed1n d\u1ef1a tr\u00ean \u0111\u00f3, r\u1ed3i t\u00e1i ph\u00e2n b\u1ed5 v\u1ed1n vay\u2014th\u01b0\u1eddng quay l\u1ea1i ch\u00ednh t\u00e0i s\u1ea3n ban \u0111\u1ea7u. C\u01a1 ch\u1ebf th\u00ec m\u1edbi, nh\u01b0ng logic kh\u00f4ng \u0111\u1ed5i: m\u1ed9t phi\u00ean b\u1ea3n l\u1eadp tr\u00ecnh h\u00f3a c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u hi\u1ec7u qu\u1ea3 v\u1ed1n trong t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng, gi\u1edd \u0111\u01b0\u1ee3c th\u1ef1c thi m\u00e0 kh\u00f4ng c\u1ea7n prime broker\u2014nhanh h\u01a1n, r\u1ebb h\u01a1n v\u00e0 \u00edt ma s\u00e1t h\u01a1n.<\/p>\n

C\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u00e2n b\u1ed5 c\u00e1c t\u00e0i s\u1ea3n n\u00e0y ng\u00e0y c\u00e0ng ph\u1ea3n \u00e1nh xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

Tr\u00ean m\u1ed9t giao th\u1ee9c l\u1edbn, m\u1ee9c \u0111\u1ed9 ti\u1ebfp x\u00fac v\u1edbi tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 tokenized \u0111\u00e3 gi\u1ea3m m\u1ea1nh, trong khi ph\u00e2n b\u1ed5 v\u00e0o v\u00e0ng tokenized t\u0103ng nhi\u1ec1u l\u1ea7n trong c\u00f9ng giai \u0111o\u1ea1n, ph\u1ea3n \u00e1nh k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c \u0111\u00e1ng ch\u00fa \u00fd. \u0110\u00e2y l\u00e0 minh ch\u1ee9ng r\u00f5 r\u00e0ng cho c\u00e1ch d\u00f2ng v\u1ed1n chuy\u00ean nghi\u1ec7p ph\u1ea3n \u1ee9ng v\u1edbi t\u00edn hi\u1ec7u v\u0129 m\u00f4 th\u00f4ng qua h\u1ea1 t\u1ea7ng on-chain.<\/p>\n

\u0110\u1ed1i v\u1edbi c\u1ed1 v\u1ea5n, \u0111i\u1ec1u n\u00e0y \u0111\u1ecbnh ngh\u0129a l\u1ea1i vai tr\u00f2 c\u1ee7a t\u00e0i s\u1ea3n tokenized. Ch\u00fang kh\u00f4ng ch\u1ec9 l\u00e0 \u201cl\u1edbp b\u1ecdc\u201d cho c\u00e1c s\u1ea3n ph\u1ea9m truy\u1ec1n th\u1ed1ng. Trong c\u1ea5u tr\u00fac ph\u00f9 h\u1ee3p, ch\u00fang tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p sinh l\u1ee3i, c\u00f3 th\u1ec3 t\u1ea1o th\u00eam yield v\u00e0 tham gia v\u00e0o c\u00e1c chi\u1ebfn l\u01b0\u1ee3c r\u1ed9ng h\u01a1n trong khi v\u1eabn n\u1eb1m trong danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/p>\n

R\u1ee7i ro t\u00edn d\u1ee5ng \u0111ang tr\u1edf n\u00ean r\u00f5 r\u00e0ng h\u01a1n<\/strong><\/h2>\n

Khi c\u00e1c t\u00e0i s\u1ea3n n\u00e0y tham gia v\u00e0o lending v\u00e0 c\u00e1c c\u1ea5u tr\u00fac ph\u1ee9c t\u1ea1p, r\u1ee7i ro t\u00edn d\u1ee5ng c\u0169ng ti\u1ebfn h\u00f3a song song v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c DeFi nh\u01b0 looping. C\u00e1c framework \u0111\u00e1nh gi\u00e1 r\u1ee7i ro DeFi m\u1edbi nh\u01b0 Credora mang \u0111\u1ebfn c\u01a1 ch\u1ebf \u0111\u00e1nh gi\u00e1 r\u1ee7i ro li\u00ean t\u1ee5c on-chain, t\u1ea1o ra m\u1ee9c \u0111\u1ed9 minh b\u1ea1ch m\u00e0 th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng hi\u1ebfm khi c\u00f3.<\/p>\n

\u0110\u1ed1i v\u1edbi c\u1ed1 v\u1ea5n, c\u00e2u h\u1ecfi kh\u00f4ng c\u00f2n l\u00e0 t\u00e0i s\u1ea3n \u0111\u1ea1i di\u1ec7n cho \u0111i\u1ec1u g\u00ec, m\u00e0 l\u00e0 n\u00f3 v\u1eadn h\u00e0nh nh\u01b0 th\u1ebf n\u00e0o trong \u0111i\u1ec1u ki\u1ec7n stress v\u00e0 r\u1ee7i ro \u0111i k\u00e8m l\u00e0 g\u00ec. H\u1ec7 th\u1ed1ng x\u1ebfp h\u1ea1ng d\u1ec5 hi\u1ec3u theo thang A+ \u0111\u1ebfn D gi\u00fap x\u00e2y d\u1ef1ng danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111i\u1ec1u ch\u1ec9nh theo r\u1ee7i ro, thu h\u00fat ng\u00e0y c\u00e0ng nhi\u1ec1u s\u1ef1 quan t\u00e2m.<\/p>\n

Nh\u1eefng v\u1ea5n \u0111\u1ec1 ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft<\/strong><\/h2>\n

M\u1ed9t s\u1ed1 kho\u1ea3ng tr\u1ed1ng c\u1ea5u tr\u00fac v\u1eabn t\u1ed3n t\u1ea1i. C\u00e1c corporate actions v\u1eabn ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o quy tr\u00ecnh off-chain, v\u00e0 c\u00e1c t\u00e0i s\u1ea3n k\u00e9m thanh kho\u1ea3n nh\u01b0 t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n hay b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1eabn ch\u01b0a ho\u00e0n to\u00e0n t\u01b0\u01a1ng th\u00edch v\u1edbi ti\u00eau chu\u1ea9n DeFi.<\/p>\n

Cho \u0111\u1ebfn khi nh\u1eefng v\u1ea5n \u0111\u1ec1 n\u00e0y \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft, tokenization s\u1ebd ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u, v\u1edbi c\u00e1c t\u00e0i s\u1ea3n ph\u1ee9c t\u1ea1p t\u1ee5t l\u1ea1i ph\u00eda sau so v\u1edbi nh\u1eefng t\u00e0i s\u1ea3n \u0111\u01a1n gi\u1ea3n h\u01a1n. \u0110i\u1ec3m t\u00edch c\u1ef1c l\u00e0 c\u00e1c nh\u00e0 ph\u00e1t tri\u1ec3n framework tokenization \u0111\u00e3 nh\u1eadn th\u1ee9c r\u00f5 h\u1ea1n ch\u1ebf n\u00e0y, v\u00e0 nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd s\u1edbm c\u00f3 c\u00e1c gi\u1ea3i ph\u00e1p \u0111\u1ec3 thu h\u1eb9p kho\u1ea3ng c\u00e1ch.<\/p>\n

\"Blockchain<\/figure>\n

C\u00e1c ph\u01b0\u01a1ng ph\u00e1p s\u00e0ng l\u1ecdc l\u1ec7nh tr\u1eebng ph\u1ea1t trong t\u00e0i s\u1ea3n tokenized, ngu\u1ed3n: Tokenization Standards Report<\/a><\/em><\/p>\n

– Marcin Kazmierczak, co-founder, Redstone<\/a><\/strong><\/p>\n

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Ask an Expert<\/strong><\/h2>\n

H\u1ecfi:<\/strong> Khi tokenization chuy\u1ec3n t\u1eeb giai \u0111o\u1ea1n th\u1eed nghi\u1ec7m sang h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh th\u1ef1c t\u1ebf, \u0111i\u1ec1u g\u00ec c\u1ea7n x\u1ea3y ra \u0111\u1ec3 n\u00f3 tr\u1edf th\u00e0nh m\u1ed9t l\u1edbp ti\u00eau chu\u1ea9n trong th\u1ecb tr\u01b0\u1eddng v\u1ed1n to\u00e0n c\u1ea7u?<\/p>\n

\u0110\u00e1p:<\/strong> Tokenization s\u1ebd tr\u1edf th\u00e0nh ti\u00eau chu\u1ea9n khi n\u00f3 t\u00edch h\u1ee3p v\u00e0o c\u00e1c h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh hi\u1ec7n t\u1ea1i thay v\u00ec c\u1ea1nh tranh v\u1edbi ch\u00fang. \u01afu ti\u00ean h\u00e0ng \u0111\u1ea7u l\u00e0 kh\u1ea3 n\u0103ng t\u01b0\u01a1ng t\u00e1c gi\u1eefa c\u00e1c blockchain, \u0111\u01a1n v\u1ecb l\u01b0u k\u00fd v\u00e0 h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng, \u0111\u1ec3 t\u00e0i s\u1ea3n c\u00f3 th\u1ec3 di chuy\u1ec3n li\u1ec1n m\u1ea1ch gi\u1eefa c\u00e1c n\u1ec1n t\u1ea3ng.<\/p>\n

S\u1ef1 r\u00f5 r\u00e0ng v\u1ec1 ph\u00e1p l\u00fd c\u0169ng quan tr\u1ecdng kh\u00f4ng k\u00e9m. C\u00e1c t\u1ed5 ch\u1ee9c c\u1ea7n s\u1ef1 ch\u1eafc ch\u1eafn v\u1ec1 quy\u1ec1n s\u1edf h\u1eefu, t\u00ednh cu\u1ed1i c\u00f9ng c\u1ee7a thanh to\u00e1n v\u00e0 khung tu\u00e2n th\u1ee7 tr\u01b0\u1edbc khi ph\u00e2n b\u1ed5 l\u01b0\u1ee3ng v\u1ed1n l\u1edbn. Ch\u00fang ta \u0111\u00e3 th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u ban \u0111\u1ea7u, nh\u01b0ng quy m\u00f4 s\u1ebd ch\u1ec9 \u0111\u1ebfn khi t\u00e0i s\u1ea3n tokenized \u0111\u1ea1t ho\u1eb7c v\u01b0\u1ee3t hi\u1ec7u qu\u1ea3, thanh kho\u1ea3n v\u00e0 \u0111\u1ed9 tin c\u1eady c\u1ee7a ch\u1ee9ng kho\u00e1n truy\u1ec1n th\u1ed1ng. Khi \u0111\u00f3, tokenization s\u1ebd kh\u00f4ng c\u00f2n \u0111\u01b0\u1ee3c xem l\u00e0 \u0111\u1ed5i m\u1edbi, m\u00e0 l\u00e0 h\u1ea1 t\u1ea7ng m\u1eb7c \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u0111\u1ea1i.<\/p>\n

H\u1ecfi:<\/strong> Nh\u1eefng r\u1ee7i ro ho\u1eb7c hi\u1ec3u l\u1ea7m n\u00e0o v\u1ec1 t\u00e0i s\u1ea3n tokenized hi\u1ec7n nay th\u01b0\u1eddng b\u1ecb b\u1ecf qua nh\u1ea5t?<\/p>\n

\u0110\u00e1p:<\/strong> M\u1ed9t trong nh\u1eefng hi\u1ec3u l\u1ea7m l\u1edbn nh\u1ea5t l\u00e0 tokenization t\u1ef1 \u0111\u1ed9ng t\u1ea1o ra thanh kho\u1ea3n. \u0110i\u1ec1u \u0111\u00f3 kh\u00f4ng \u0111\u00fang. N\u00f3 ch\u1ec9 gi\u00fap t\u00e0i s\u1ea3n d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n. V\u00ed d\u1ee5 v\u1edbi b\u1ea5t \u0111\u1ed9ng s\u1ea3n: b\u1ea1n c\u00f3 th\u1ec3 token h\u00f3a m\u1ed9t t\u00e0i s\u1ea3n v\u00e0 chia th\u00e0nh h\u00e0ng ngh\u00ecn ph\u1ea7n, nh\u01b0ng n\u1ebfu kh\u00f4ng c\u00f3 ng\u01b0\u1eddi mua v\u00e0 b\u00e1n \u0430\u043a\u0442\u0438\u0432\u043d\u043e, c\u00e1c ph\u1ea7n \u0111\u00f3 v\u1eabn kh\u00f3 giao d\u1ecbch.<\/p>\n

M\u1ed9t th\u00e1ch th\u1ee9c kh\u00e1c l\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u00f2n \u1edf giai \u0111o\u1ea1n r\u1ea5t s\u1edbm. C\u00e1c n\u1ec1n t\u1ea3ng kh\u00e1c nhau \u0111ang x\u00e2y d\u1ef1ng h\u1ec7 sinh th\u00e1i ri\u00eang, c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn thanh kho\u1ea3n b\u1ecb ph\u00e2n m\u1ea3nh thay v\u00ec m\u1ed9t th\u1ecb tr\u01b0\u1eddng th\u1ed1ng nh\u1ea5t.<\/p>\n

C\u00f4ng ngh\u1ec7 \u0111ang ph\u00e1t tri\u1ec3n nhanh, nh\u01b0ng h\u1ea1 t\u1ea7ng, ph\u00e1p l\u00fd v\u00e0 m\u1ee9c \u0111\u1ed9 tham gia c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn \u0111ang theo sau. Kho\u1ea3ng c\u00e1ch gi\u1eefa kh\u1ea3 n\u0103ng v\u00e0 t\u00ednh th\u1ef1c ti\u1ec5n ch\u00ednh l\u00e0 n\u01a1i t\u1ed3n t\u1ea1i ph\u1ea7n l\u1edbn r\u1ee7i ro hi\u1ec7n nay.<\/p>\n

H\u1ecfi:<\/strong> \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n, tokenization c\u00f3 m\u1edf ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u1edbi kh\u00f4ng, v\u00e0 li\u1ec7u \u0111\u00e2y c\u00f3 th\u1ec3 l\u00e0 y\u1ebfu t\u1ed1 thu h\u00fat th\u1ebf h\u1ec7 tr\u1ebb tham gia th\u1ecb tr\u01b0\u1eddng?<\/p>\n

\u0110\u00e1p:<\/strong> Tokenization \u0111ang n\u1ed5i l\u00ean khi th\u1ebf h\u1ec7 tr\u1ebb b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n thu nh\u1eadp cao h\u01a1n v\u00e0 ch\u1ee7 \u0111\u1ed9ng qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n. L\u1edbn l\u00ean trong m\u00f4i tr\u01b0\u1eddng thay \u0111\u1ed5i c\u00f4ng ngh\u1ec7 nhanh ch\u00f3ng, h\u1ecd k\u1ef3 v\u1ecdng h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh c\u0169ng s\u1ebd ph\u00e1t tri\u1ec3n t\u01b0\u01a1ng t\u1ef1.<\/p>\n

T\u01b0 duy n\u00e0y th\u00fac \u0111\u1ea9y h\u1ecd kh\u00e1m ph\u00e1 c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n ngo\u00e0i c\u1ed5 phi\u1ebfu v\u00e0 tr\u00e1i phi\u1ebfu truy\u1ec1n th\u1ed1ng. Tokenization m\u1edf ra kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn c\u00e1c th\u1ecb tr\u01b0\u1eddng nh\u01b0 private market v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, \u0111\u1ed3ng th\u1eddi mang l\u1ea1i tr\u1ea3i nghi\u1ec7m \u0111\u1ea7u t\u01b0 linh ho\u1ea1t v\u00e0 s\u1ed1 h\u00f3a h\u01a1n.<\/p>\n

Kh\u00f4ng ch\u1ec9 l\u00e0 c\u01a1 h\u1ed9i m\u1edbi, m\u00e0 c\u00f2n l\u00e0 s\u1ef1 \u201c\u0111\u1ed3ng b\u1ed9\u201d. Khi ng\u00e0nh t\u00e0i ch\u00ednh hi\u1ec7n \u0111\u1ea1i h\u00f3a, n\u00f3 ph\u1ea3n \u00e1nh t\u1ed1c \u0111\u1ed9, t\u00ednh minh b\u1ea1ch v\u00e0 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn m\u00e0 th\u1ebf h\u1ec7 tr\u1ebb \u0111\u00e3 quen thu\u1ed9c. S\u1ef1 chuy\u1ec3n d\u1ecbch n\u00e0y nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c thu h\u00fat m\u1ed9t th\u1ebf h\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi.<\/p>\n

– Kieran Mitha, marketing coordinator<\/strong><\/a><\/p>\n

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\u0110\u1ecdc th\u00eam<\/strong><\/h2>\n
    \n
  • CFO c\u1ee7a Morgan Stanley cho bi\u1ebft tokenization l\u00e0 b\u01b0\u1edbc ti\u1ebfn l\u1edbn ti\u1ebfp theo trong m\u1ea3ng qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n khi c\u00f4ng ty \u0111\u1ea9y m\u1ea1nh chi\u1ebfn l\u01b0\u1ee3c t\u00e0i s\u1ea3n s\u1ed1.<\/li>\n
  • Goldman Sachs n\u1ed9p h\u1ed3 s\u01a1 ETF t\u1ea1o thu nh\u1eadp t\u1eeb Bitcoin trong n\u1ed7 l\u1ef1c m\u1edf r\u1ed9ng sang crypto.<\/li>\n
  • Tether ra m\u1eaft v\u00ed crypto nh\u1eb1m \u0111\u01b0a thanh to\u00e1n stablecoin v\u00e0 Bitcoin tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ng\u01b0\u1eddi d\u00f9ng.<\/li>\n<\/ul>\n<\/div>", "protected": false }, "excerpt": { "rendered": "

    Trong b\u1ea3n tin h\u00f4m nay, Marcin Kazmierczak s\u1ebd d\u1eabn d\u1eaft qu\u00e1 tr\u00ecnh ph\u00e1t tri\u1ec3n c\u1ee7a tokenization khi chuy\u1ec3n t\u1eeb \u201ckh\u00e1i […]<\/p>", "protected": false }, "author": 5, "featured_media": 73105, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 220 ], "tags": [], "class_list": [ "post-73104", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-tien-dien-tu" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/73104", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=73104" } ], "version-history": [ { "count": 1, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/73104\/revisions" } ], "predecessor-version": [ { "id": 73193, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/73104\/revisions\/73193" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/73105" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=73104" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=73104" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=73104" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }