# Сопутствующие статьи по теме Tokenization

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

Bitwise: The Institutional Wave Has Arrived, Why Is the Market Still Asleep?

The biggest alpha opportunities in financial markets come from behavioral biases like anchoring, where investors cling to initial impressions. This is why the crypto market is currently mispriced: traditional investors still anchor crypto to its early, counterculture image, while crypto natives suffer from "crying wolf" fatigue after years of promised institutional adoption. Yet, the institutional wave is already here. Wall Street is loudly announcing its move on-chain. SEC Chair Paul Atkins has initiated a commission-wide project to modernize securities regulation for blockchain. BlackRock’s Larry Fink declared we are at the beginning of asset tokenization, evidenced by the firm’s $2+ billion BUIDL tokenized treasury fund on Uniswap and an investment in UNI. Apollo is tokenizing a credit fund on six blockchains and acquiring a stake in Morpho. JPMorgan, Bank of America, Citi, and Wells Fargo are collaborating on a stablecoin. JPMorgan has issued a deposit token on Base, and Fidelity is hiring for a DeFi treasury role. The potential market is enormous: a $30 trillion ETF market, $110 trillion in equities, and $145 trillion in bonds. In contrast, the entire tokenized market is just $20 billion, suggesting potential for exponential growth. The chart of tokenized real-world assets (RWA) value shows a near-vertical growth trajectory, yet this reality is disconnected from market perception. The key challenge is determining how to capture this opportunity, as unanswered questions remain about whether value will accrue to public blockchains, new quasi-private networks, DeFi tokens, or traditional institutions. The certainty is that a massive gap exists between the market’s outdated perception of crypto and its current reality. This divergence represents a significant alpha opportunity—not in picking winners prematurely, but in gaining broad exposure to the entire sector while it remains mispriced. The largest gains occur when consensus is stale and reality has moved on. That time is now for crypto.

marsbit02/25 09:19

Bitwise: The Institutional Wave Has Arrived, Why Is the Market Still Asleep?

marsbit02/25 09:19

February's Major Adjustment: Is the Crypto Market Bottoming Out?

February witnessed a significant crypto market downturn, with Bitcoin briefly falling below $61,000, marking one of the worst starts to a year in over a decade. The sell-off was driven by risk aversion, declining liquidity, and ongoing de-leveraging rather than a fundamental collapse in value. Key indicators, such as the negative Coinbase Premium Index and substantial outflows from Bitcoin ETFs, reflected weakened institutional demand and persistent selling pressure, particularly in the U.S. market. Market liquidity thinning exacerbated volatility, with order book depth significantly reduced. Stablecoin growth also stalled, indicating a pause in new capital inflow rather than a broad exodus. Despite the correction, structural advancements continued, exemplified by Hyperliquid’s expansion into real-world asset (RWA) perpetual contracts—such as commodities and equities—showcasing deeper integration between crypto and traditional finance. Bitcoin’s decline approached its realized price, suggesting the market is entering a potential accumulation phase. While valuation metrics like MVRZ indicate undervaluation, they haven’t reached historical bear-market extremes. The ongoing institutional adoption of DeFi infrastructure and regulatory developments, like CME’s 24/7 crypto futures, highlight continued maturation beneath surface volatility. In summary, February’s downturn was largely a liquidity and risk-sentiment stress test. The market’s foundation remains intact, with catalysts like regulatory clarity and capital flow reversal poised to influence future recovery.

marsbit02/25 07:27

February's Major Adjustment: Is the Crypto Market Bottoming Out?

marsbit02/25 07:27

活动图片