# Сопутствующие статьи по теме Blockchain

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Blockchain", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Understanding Tokenization: Distinguishing the DTCC Model from the Direct Ownership Model

The article clarifies the key differences between two distinct tokenization models in the securities market: the DTCC model and the direct ownership model. The DTCC model, recently approved by the SEC, involves tokenizing "security entitlements" within the existing, multi-layered intermediary system. It creates a digital twin of these rights on a blockchain to improve operational efficiency, enable 24/7 transfers between institutions, and reduce costs, all while preserving the core benefits of the current system, such as netting and centralized liquidity. Crucially, it does not tokenize the underlying shares themselves, and ownership remains indirect. In contrast, the direct ownership model tokenizes the shares themselves, recording ownership directly on the issuer's share registry. This approach enables self-custody, peer-to-peer transfers, and full composability with on-chain DeFi applications. While this model sacrifices the efficiency of netting and leads to fragmented liquidity, it offers unprecedented functionality and disintermediation. The article concludes that these are not competing visions but complementary paths serving different needs. The DTCC model modernizes the core of the public markets for institutional scale and stability, while the direct ownership model fosters innovation at the edge. The ultimate winner is investor choice, as both paths will coexist, offering a broader market interface with more options for all participants.

marsbit12/22 12:36

Understanding Tokenization: Distinguishing the DTCC Model from the Direct Ownership Model

marsbit12/22 12:36

Identity, Recourse, Attribution: Decoding the Three Breakthrough Points of the Next-Generation AI Agent Economy

Identity, Recourse, Attribution: Decoding the Three Breakthrough Points of the Next-Generation AI Agent Economy As AI agents begin to handle transactions, new standards like OpenAI's ACP and Google's AP2 are emerging to facilitate payments, while protocols like x402 enable machine-to-machine micropayments. However, these systems lack the trust infrastructure—identity verification, fraud detection, and dispute resolution—that underpins traditional commerce. This creates a critical gap: while blockchain enables fast, irreversible settlements, agents operate without mechanisms for recourse when errors occur. The solution requires building new layers for the agent economy: a "Know Your Agent" (KYA) identity system to establish persistent, verifiable credentials; a recourse mechanism to handle disputes and provide insurance-like protection; and an attribution layer to track influence on purchasing decisions. Established players like card networks and AI labs are unlikely to lead this effort due to misaligned incentives, creating opportunities for startups. The development of agent commerce will unfold in three stages: as an interface (current stage), executing under human supervision (where trust layers become critical), and fully autonomous transactions. Startups that build identity, recourse, and attribution infrastructure will enable the transition to an economy where agents transact freely and securely at scale.

深潮12/22 10:00

Identity, Recourse, Attribution: Decoding the Three Breakthrough Points of the Next-Generation AI Agent Economy

深潮12/22 10:00

Finance Goes 'Invisible': How Stablecoins Are Becoming the New Arteries of the Digital Economy

This article explores the transformative role of stablecoins as the "new arteries" of the digital economy, moving finance into an "invisible" infrastructure layer. Key developments include Coinbase's major product upgrades, positioning it as an "Everything Exchange" that integrates trading, derivatives, stablecoins, and AI-driven services. Stablecoin adoption is accelerating, with Visa now allowing USDC settlements within the U.S. banking system, marking a structural shift in settlement layers. Regulatory progress is evident as U.S. authorities conditionally approve federal trust bank charters for firms like Ripple and Circle, while the FDIC advances stablecoin rules. New stablecoin products and payments integrations are emerging, such as PayPal's PYUSD for YouTube creator payouts and ADNOC's adoption of a national stablecoin at gas stations. Major financial institutions, including JPMorgan, are actively exploring tokenized deposits and assets on public blockchains. The growth of gold-backed stablecoins and national strategies like the UAE's push for asset tokenization further highlight the expansion of stablecoins beyond pure currency use cases into broader economic infrastructure. However, JPMorgan analysis suggests stablecoin growth may be limited by competition from bank-issued tokenized deposits and CBDCs, projecting a market cap of $500-600 billion by 2028.

比推12/22 06:12

Finance Goes 'Invisible': How Stablecoins Are Becoming the New Arteries of the Digital Economy

比推12/22 06:12

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