{"id":64369,"date":"2026-03-23T09:44:55","date_gmt":"2026-03-23T02:44:55","guid":{"rendered":"https:\/\/hbbgroup.net\/banks-push-tokenized-deposits-as-onchain-cash-race-intensifies-report\/"},"modified":"2026-03-23T10:04:49","modified_gmt":"2026-03-23T03:04:49","slug":"banks-push-tokenized-deposits-as-onchain-cash-race-intensifies-report","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/banks-push-tokenized-deposits-as-onchain-cash-race-intensifies-report\/","title":{"rendered":"C\u00e1c ng\u00e2n h\u00e0ng t\u0103ng t\u1ed1c tri\u1ec3n khai ti\u1ec1n g\u1eedi \u0111\u01b0\u1ee3c token h\u00f3a trong b\u1ed1i c\u1ea3nh cu\u1ed9c \u0111ua \u0111\u01b0a ti\u1ec1n m\u1eb7t l\u00ean on-chain ng\u00e0y c\u00e0ng gay g\u1eaft"},"content":{"rendered":"
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C\u00e1c ng\u00e2n h\u00e0ng \u0111ang nghi\u00ean c\u1ee9u ti\u1ec1n g\u1eedi \u0111\u01b0\u1ee3c token h\u00f3a (tokenized deposits)<\/strong> khi h\u1ecd th\u1eed nghi\u1ec7m c\u00e1c ph\u01b0\u01a1ng th\u1ee9c \u0111\u01b0a ti\u1ec1n ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i<\/strong> l\u00ean h\u1ea1 t\u1ea7ng thanh to\u00e1n<\/strong> v\u00e0 b\u00f9 tr\u1eeb \u2013 quy\u1ebft to\u00e1n<\/strong> d\u1ef1a tr\u00ean blockchain, theo m\u1ed9t b\u00e1o c\u00e1o m\u1edbi t\u1eeb n\u1ec1n t\u1ea3ng d\u1eef li\u1ec7u t\u00e0i s\u1ea3n th\u1ef1c RWA.io<\/strong>.<\/p>\n

B\u00e1o c\u00e1o n\u00e0y do RWA.io<\/strong> bi\u00ean so\u1ea1n, v\u1edbi s\u1ef1 \u0111\u00f3ng g\u00f3p t\u1eeb nhi\u1ec1u b\u00ean tham gia trong ng\u00e0nh nh\u01b0 UK Finance, Citi, BNY, Kinexys c\u1ee7a JPMorgan, Standard Chartered, ABN Amro<\/strong> v\u00e0 Digital Asset<\/strong>. B\u00e1o c\u00e1o cho r\u1eb1ng ti\u1ec1n g\u1eedi token h\u00f3a<\/strong>\u0111ang n\u1ed5i l\u00ean song song v\u1edbi stablecoin<\/strong> v\u00e0 ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng (CBDC)<\/strong> nh\u01b0 m\u1ed9t ph\u1ea7n c\u1ee7a h\u1ec7 ti\u1ec1n m\u1eb7t on-chain<\/strong> r\u1ed9ng l\u1edbn h\u01a1n.<\/p>\n

Ti\u1ec1n g\u1eedi token h\u00f3a<\/strong> l\u00e0 d\u1ea1ng bi\u1ec3u di\u1ec5n k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng<\/strong> tr\u00ean blockchain ho\u1eb7c c\u00e1c h\u1ea1 t\u1ea7ng s\u1ed5 c\u00e1i ph\u00e2n t\u00e1n (distributed ledger)<\/strong> kh\u00e1c. Kh\u00e1c v\u1edbi nhi\u1ec1u lo\u1ea1i stablecoin, ch\u00fang l\u00e0 ngh\u0129a v\u1ee5 n\u1ee3 tr\u1ef1c ti\u1ebfp c\u1ee7a ng\u00e2n h\u00e0ng ph\u00e1t h\u00e0nh<\/strong> v\u00e0 n\u1eb1m trong c\u00e1c khu\u00f4n kh\u1ed5 ng\u00e2n h\u00e0ng hi\u1ec7n h\u00e0nh, bao g\u1ed3m b\u1ea3o hi\u1ec3m ti\u1ec1n g\u1eedi<\/strong>, y\u00eau c\u1ea7u v\u1ec1 v\u1ed1n<\/strong>, c\u0169ng nh\u01b0 c\u00e1c quy \u0111\u1ecbnh v\u1ec1 ch\u1ed1ng r\u1eeda ti\u1ec1n (AML)<\/strong> v\u00e0 x\u00e1c minh danh t\u00ednh kh\u00e1ch h\u00e0ng (KYC)<\/strong>.<\/p>\n

B\u00e1o c\u00e1o ch\u1ec9 ra r\u1eb1ng ng\u00e0y c\u00e0ng c\u00f3 nhi\u1ec1u ch\u01b0\u01a1ng tr\u00ecnh th\u00ed \u0111i\u1ec3m<\/strong> v\u00e0 tri\u1ec3n khai th\u1ef1c t\u1ebf<\/strong> c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng t\u1ea1i ch\u00e2u \u00c2u. V\u00e0o th\u00e1ng 1, Lloyds Banking Group<\/strong> v\u00e0 Archax<\/strong> cho bi\u1ebft h\u1ecd \u0111\u00e3 ho\u00e0n t\u1ea5t giao d\u1ecbch blockchain c\u00f4ng khai \u0111\u1ea7u ti\u00ean t\u1ea1i Anh<\/strong>s\u1eed d\u1ee5ng ti\u1ec1n g\u1eedi token h\u00f3a<\/strong> tr\u00ean Canton Network<\/strong>. Trong khi \u0111\u00f3, ch\u01b0\u01a1ng tr\u00ecnh th\u00ed \u0111i\u1ec3m Great British Tokenised Deposit<\/strong> c\u1ee7a UK Finance<\/strong> \u0111ang th\u1eed nghi\u1ec7m thanh to\u00e1n marketplace gi\u1eefa c\u00e1 nh\u00e2n v\u1edbi c\u00e1 nh\u00e2n<\/strong>, t\u00e1i th\u1ebf ch\u1ea5p kho\u1ea3n vay mua nh\u00e0 (remortgaging)<\/strong> v\u00e0 quy\u1ebft to\u00e1n t\u00e0i s\u1ea3n s\u1ed1<\/strong> \u0111\u1ebfn gi\u1eefa n\u0103m 2026.<\/p>\n

L\u00e0n s\u00f3ng th\u00fac \u0111\u1ea9y r\u1ed9ng h\u01a1n n\u00e0y ph\u1ea3n \u00e1nh c\u00e1ch c\u00e1c ng\u00e2n h\u00e0ng \u0111ang t\u00ecm c\u00e1ch duy tr\u00ec vai tr\u00f2 c\u1ee7a m\u00ecnh trong thanh to\u00e1n<\/strong>, qu\u1ea3n tr\u1ecb ng\u00e2n qu\u1ef9 (treasury)<\/strong> v\u00e0 huy \u0111\u1ed9ng ti\u1ec1n g\u1eedi<\/strong>, trong b\u1ed1i c\u1ea3nh ng\u00e0y c\u00e0ng c\u00f3 nhi\u1ec1u c\u00f4ng c\u1ee5 ti\u1ec1n m\u1eb7t s\u1ed1<\/strong> xu\u1ea5t hi\u1ec7n.<\/p>\n

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Ki\u1ebfn tr\u00fac h\u1ec7 th\u1ed1ng ti\u1ec1n t\u1ec7 hai t\u1ea7ng. Ngu\u1ed3n: RWA.io<\/em><\/p>\n

Ti\u1ec1n g\u1eedi token h\u00f3a nh\u01b0 m\u1ed9t gi\u1ea3i ph\u00e1p trung gian trong cu\u1ed9c tranh lu\u1eadn gi\u1eefa stablecoin v\u00e0 CBDC<\/strong><\/h3>\n

UK Finance<\/strong> cho bi\u1ebft trong b\u00e1o c\u00e1o r\u1eb1ng ti\u1ec1n g\u1eedi token h\u00f3a<\/strong> s\u1ebd \u0111\u00f3ng vai tr\u00f2 then ch\u1ed1t trong m\u1ed9t th\u1ebf gi\u1edbi \u201c\u0111a ti\u1ec1n t\u1ec7\u201d (multi-money)<\/strong> trong t\u01b0\u01a1ng lai. Nh\u00f3m \u0111\u1ea1i di\u1ec7n ng\u00e0nh n\u00e0y nh\u1eadn \u0111\u1ecbnh ti\u1ec1n g\u1eedi token h\u00f3a s\u1ebd b\u1ed5 tr\u1ee3 cho c\u00e1c h\u00ecnh th\u1ee9c ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 kh\u00e1c, \u201cbao g\u1ed3m c\u1ea3 c\u00e1<\/p>\n

Marko Vidrih<\/strong>, \u0111\u1ed3ng s\u00e1ng l\u1eadp ki\u00eam gi\u00e1m \u0111\u1ed1c v\u1eadn h\u00e0nh c\u1ee7a RWA.io<\/strong>, cho bi\u1ebft r\u1eb1ng trong khi ph\u1ea7n l\u1edbn s\u1ef1 ch\u00fa \u00fd \u0111\u1ed1i v\u1edbi ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 hi\u1ec7n nay \u0111ang t\u1eadp trung v\u00e0o stablecoin<\/strong> ho\u1eb7c ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng (CBDC)<\/strong>, th\u00ec h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u tr\u00ean th\u1ef1c t\u1ebf v\u1eabn \u0111ang v\u1eadn h\u00e0nh d\u1ef1a tr\u00ean ti\u1ec1n ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i<\/strong>.<\/p>\n

\u201cVi\u1ec7c \u0111\u01b0a l\u01b0\u1ee3ng ti\u1ec1n \u0111\u00f3 l\u00ean c\u00e1c h\u1ea1 t\u1ea7ng thanh to\u00e1n s\u1ed1 (digital rails)<\/strong> s\u1ebd l\u00e0 n\u1ec1n t\u1ea3ng cho th\u1ebf h\u1ec7 t\u00e0i ch\u00ednh s\u1ed1 ti\u1ebfp theo,\u201d Vidrih n\u00f3i. \u201cV\u00ec l\u00fd do \u0111\u00f3, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 ph\u1ea3i hi\u1ec3u r\u00f5 ti\u1ec1n g\u1eedi token h\u00f3a s\u1ebd n\u1eb1m \u1edf \u0111\u00e2u trong h\u1ec7 sinh th\u00e1i ti\u1ec1n s\u1ed1 r\u1ed9ng l\u1edbn h\u01a1n, b\u00ean c\u1ea1nh stablecoin v\u00e0 CBDC.\u201d<\/p>\n

ECB th\u00fac \u0111\u1ea9y d\u1ef1 \u00e1n euro k\u1ef9 thu\u1eadt s\u1ed1, \u0111\u1ed3ng th\u1eddi x\u00e2y d\u1ef1ng h\u1ea1 t\u1ea7ng ti\u1ec1n token h\u00f3a<\/strong><\/h3>\n

B\u1ed1i c\u1ea3nh ch\u00ednh s\u00e1ch t\u1ea1i ch\u00e2u \u00c2u c\u0169ng \u0111ang d\u1ecbch chuy\u1ec3n song song theo h\u01b0\u1edbng n\u00e0y. Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng ch\u00e2u \u00c2u (ECB)<\/strong> \u0111ang th\u00fac \u0111\u1ea9y c\u00f4ng vi\u1ec7c ph\u00e1t tri\u1ec3n euro k\u1ef9 thu\u1eadt s\u1ed1<\/strong>, trong khi c\u00e1c stablecoin neo theo USD<\/strong> ti\u1ebfp t\u1ee5c chi\u1ebfm \u01b0u th\u1ebf tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n s\u1ed1 v\u00e0 trong c\u00e1c giao d\u1ecbch xuy\u00ean bi\u00ean gi\u1edbi.<\/p>\n

ECB g\u1ea7n \u0111\u00e2y \u0111\u00e3 m\u1edf \u0111\u0103ng k\u00fd cho c\u00e1c chuy\u00ean gia tham gia v\u00e0o c\u00e1c nh\u00f3m c\u00f4ng t\u00e1c t\u1eadp trung v\u00e0o c\u00e1ch euro k\u1ef9 thu\u1eadt s\u1ed1<\/strong> s\u1ebd v\u1eadn h\u00e0nh tr\u00ean c\u00e1c m\u00e1y ATM<\/strong>, thi\u1ebft b\u1ecb thanh to\u00e1n<\/strong> v\u00e0 h\u1ea1 t\u1ea7ng ch\u1ea5p nh\u1eadn thanh to\u00e1n<\/strong>. ECB c\u0169ng cho bi\u1ebft h\u1ecd \u0111\u1eb7t m\u1ee5c ti\u00eau b\u1eaft \u0111\u1ea7u m\u1ed9t ch\u01b0\u01a1ng tr\u00ecnh th\u00ed \u0111i\u1ec3m k\u00e9o d\u00e0i 12 th\u00e1ng<\/strong> cho \u0111\u1ed3ng euro k\u1ef9 thu\u1eadt s\u1ed1 v\u00e0o n\u1eeda cu\u1ed1i n\u0103m 2027<\/strong>.<\/p>\n

V\u00e0o th\u00e1ng 3, ECB \u0111\u00e3 c\u00f4ng b\u1ed1 Appia<\/strong>, k\u1ebf ho\u1ea1ch d\u00e0i h\u1ea1n c\u1ee7a c\u01a1 quan n\u00e0y v\u1ec1 c\u00e1ch c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh token h\u00f3a t\u1ea1i ch\u00e2u \u00c2u c\u00f3 th\u1ec3 v\u1eadn h\u00e0nh b\u1eb1ng ti\u1ec1n c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng<\/strong>. M\u1ed9t ph\u1ea7n tr\u1ecdng y\u1ebfu trong k\u1ebf ho\u1ea1ch \u0111\u00f3 l\u00e0 Pontes<\/strong>, m\u1ed9t c\u01a1 ch\u1ebf quy\u1ebft to\u00e1n m\u1edbi \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf nh\u1eb1m cho ph\u00e9p c\u00e1c n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh d\u1ef1a tr\u00ean blockchain k\u1ebft n\u1ed1i v\u1edbi h\u1ea1 t\u1ea7ng thanh to\u00e1n hi\u1ec7n c\u00f3 c\u1ee7a Eurosystem<\/strong>.<\/p>\n

H\u1ea1 t\u1ea7ng hi\u1ec7n t\u1ea1i n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 TARGET Services<\/strong>, v\u1ed1n \u0111\u00e3 x\u1eed l\u00fd c\u00e1c giao d\u1ecbch thanh to\u00e1n euro gi\u00e1 tr\u1ecb l\u1edbn<\/strong>, quy\u1ebft to\u00e1n ch\u1ee9ng kho\u00e1n<\/strong> v\u00e0 thanh to\u00e1n t\u1ee9c th\u1eddi<\/strong> tr\u00ean to\u00e0n ch\u00e2u \u00c2u. ECB cho bi\u1ebft Pontes<\/strong> d\u1ef1 ki\u1ebfn s\u1ebd \u0111\u01b0\u1ee3c tri\u1ec3n khai v\u00e0o qu\u00fd 3 n\u0103m 2026<\/strong>, trong khi c\u00e1c \u00fd ki\u1ebfn \u0111\u00f3ng g\u00f3p thu th\u1eadp \u0111\u01b0\u1ee3c th\u00f4ng qua qu\u00e1 tr\u00ecnh tham v\u1ea5n c\u1ee7a Appia<\/strong> s\u1ebd gi\u00fap \u0111\u1ecbnh h\u00ecnh khu\u00f4n kh\u1ed5 r\u1ed9ng h\u01a1n cho h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh token h\u00f3a c\u1ee7a ch\u00e2u \u00c2u.<\/p>\n<\/figcaption><\/figure>\n

T\u1ea1p ch\u00ed: <\/strong><\/em>Are DeFi devs liable for the illegal activity of others on their platforms?<\/strong><\/em><\/a><\/p>\n

Cointelegraph<\/strong> cam k\u1ebft theo \u0111u\u1ed5i n\u1ec1n b\u00e1o ch\u00ed \u0111\u1ed9c l\u1eadp v\u00e0 minh b\u1ea1ch. B\u00e0i vi\u1ebft n\u00e0y \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo <\/span>Ch\u00ednh s\u00e1ch Bi\u00ean t\u1eadp<\/strong> c\u1ee7a Cointelegraph v\u00e0 nh\u1eb1m cung c\u1ea5p th\u00f4ng tin ch\u00ednh x\u00e1c, k\u1ecbp th\u1eddi. \u0110\u1ed9c gi\u1ea3 \u0111\u01b0\u1ee3c khuy\u1ebfn ngh\u1ecb t\u1ef1 ki\u1ec3m ch\u1ee9ng th\u00f4ng tin m\u1ed9t c\u00e1ch \u0111\u1ed9c l\u1eadp. Vui l\u00f2ng tham kh\u1ea3o <\/span>Ch\u00ednh s\u00e1ch Bi\u00ean t\u1eadp<\/strong> c\u1ee7a Cointelegraph. <\/span>https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

C\u00e1c ng\u00e2n h\u00e0ng \u0111ang nghi\u00ean c\u1ee9u ti\u1ec1n g\u1eedi \u0111\u01b0\u1ee3c token h\u00f3a (tokenized deposits) khi h\u1ecd th\u1eed nghi\u1ec7m c\u00e1c ph\u01b0\u01a1ng th\u1ee9c […]<\/p>","protected":false},"author":5,"featured_media":64370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-64369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/64369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=64369"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/64369\/revisions"}],"predecessor-version":[{"id":64452,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/64369\/revisions\/64452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/64370"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=64369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=64369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=64369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}