# On-Chain Finance的所有文章

在 HTX 新闻中心浏览与「On-Chain Finance」相关的最新资讯与深度分析。潘盖市场趋势、项目动态、技术进展及监管政策，提供权威的加密行业洞察。

Reserve transparency built through continuous operation: Matrixdock marks two years of independent verification

Matrixdock has completed its fourth consecutive semi-annual independent reserve audit with Bureau Veritas, marking two years of continuous verification. For the first time, the audit expanded beyond its tokenized gold product (XAUm) to include its new tokenized silver product (XAGm). Bureau Veritas physically verified 508 gold bars and 66 silver bars across three vaults, confirming the reserves match the circulating token supplies with no discrepancies. The audit reinforces Matrixdock's commitment to building a "Reserve Transparency Stack" through layers of ongoing verification, including monthly statements and on-chain tools, to establish long-term trust for its tokenized precious metals as foundational reserve assets in on-chain finance.

cointelegraph前天 09:11

Reserve Transparency Built Through Continuous Operation: Matrixdock Marks Two Years of Independent Verification

Matrixdock, a provider of tokenized reserve assets, has completed its fourth consecutive semi-annual independent reserve audit with Bureau Veritas, marking two years of continuous verification. For the first time, the audit covered both its tokenized gold (XAUm) and new silver (XAGm) products, physically inspecting 574 bars across three vaults. The audit confirmed full reserve backing: 16,331.184 troy ounces of gold (approx. $66.09M) backing XAUm tokens and 65,934 troy ounces of silver (approx. $4.04M) backing XAGm tokens, with no discrepancies found. This milestone reinforces Matrixdock's "Reserve Transparency Stack," which combines regular audits with ongoing tools like monthly statements and on-chain proof-of-reserves. The company emphasizes that continuous, verifiable transparency is essential for tokenized assets to serve as trusted collateral and infrastructure in on-chain finance, a commitment it defines as building the "Reserve Layer."

TheNewsCrypto07/21 08:02

Base Founder Jesse Rarely Admits Strategic Mistake, Social Dream Shattered

Base founder Jesse Pollak publicly acknowledged a strategic misjudgment, stepping back from leading the Base App to focus entirely on the Base blockchain with the goal of building a "global financial blockchain." He admitted that while Base's bet on builders was correct, its parallel bet on social applications (like Farcaster, Zora, creator coins, and miniapps) as the driver for mainstream crypto adoption was wrong. Pollak stated that the entire social-focused market segment "completely collapsed," as users primarily come on-chain for trading, payments, yield, and speculation—not for social interactions themselves. The pivot comes amid rising competitive pressure, notably from the rapid growth of Robinhood Chain, which leverages Robinhood's user base and tokenized stock offerings. Base's new direction centers on three core pillars: winning in trading (including tokenized assets), enabling global stablecoin payments, and supporting AI agents as new economic participants. Pollak emphasized that Base's strengths lie in its Coinbase-backed compliance, developer ecosystem, and financial infrastructure, positioning it to compete as a leading settlement layer for the next generation of on-chain finance.

链捕手07/16 05:45

Base Founder Jesse Rarely Admits Strategic Mistake, Social Dream Shattered

链捕手07/16 05:45

The Invisible Crypto Empire of Japan's Financial Giant SBI

In a series of concentrated moves, Japanese financial conglomerate SBI Holdings is aggressively expanding its digital asset footprint. Over three weeks, it executed three major strategic investments: a 46.7 billion yen ($289 million) full acquisition of Japanese licensed exchange Bitbank, a $76 million lead investment in the institutional crypto platform EDX Markets' Series C round, and an exclusive $125 million investment in DeFi risk analytics firm Gauntlet. This was followed by a strategic partnership announced on July 13 with the Solana Foundation to build Japan's on-chain financial markets. SBI, a long-time crypto industry participant through joint ventures and minority stakes, has recently shifted to a lead investor role, signaling a more assertive strategy. These investments target three distinct segments: the retail market in Japan (via Bitbank), U.S. institutional infrastructure (via EDX), and on-chain asset management and risk control (via Gauntlet). Concurrently, SBI is solidifying its position in the stablecoin and settlement layer space. It launched Japan's first trust-structured yen stablecoin, JPYSC, and secured the exclusive distribution for Ripple's RLUSD stablecoin on its SBI VC Trade platform. The partnership with Solana aims to leverage the blockchain's scalability for tokenizing real-world assets (RWA) and building cross-border payment networks. Analysts interpret SBI's moves as building the essential "pipes" for a next-generation, end-to-end digital asset financial system, spanning issuance, settlement, infrastructure, and distribution. Some view the timing—during a market downturn—as a strategic long-term play to acquire assets at lower valuations ahead of anticipated regulatory shifts in Japan. SBI's stated goal is a comprehensive on-chain transformation, providing a full suite of services from exchange to tokenization. By leading investments rather than fully acquiring companies like EDX and Gauntlet, SBI aims to secure a pivotal strategic position while preserving their neutrality to collaborate with other global financial giants.

链捕手07/15 14:25

The Invisible Crypto Empire of Japan's Financial Giant SBI

链捕手07/15 14:25

History favors another weak Bitcoin H2 – Can liquidity rewrite BTC’s 2026 cycle?

Bitcoin’s post-halving cycles historically see major price expansions 12-18 months after the event, followed by a weaker second half (H2) as a "cooldown phase." H2 2018 and H2 2022 both saw significant declines amid tight macro liquidity. In 2026, Bitcoin is again entering H2 down over 30% in H1, mirroring those past cycles. However, a key divergence exists: while the macro backdrop remains challenging with high interest rates, the crypto market now has new sources of liquidity from growing sectors like RWA tokenization and stablecoins. The critical question is whether capital inflows into these areas are sufficient to offset broader macro pressures and break the historical pattern of a weak H2. If not, Bitcoin could face further downside, potentially leading the crypto market to its first double-digit annual decline since 2022.

ambcrypto07/01 22:05

History favors another weak Bitcoin H2 – Can liquidity rewrite BTC’s 2026 cycle?

ambcrypto07/01 22:05

BNB Chain Claims Lead Over Solana In Tokenized Stock Trading Volume

BNB Chain has reportedly overtaken Solana in the specific niche of tokenized stock trading, with a cumulative volume reaching $5.2 billion. This milestone highlights its growing role in the real-world asset (RWA) sector, which bridges crypto with traditional finance. Key drivers include protocols like Ondo, xStocks, and bStocks using the network for trading and settlement. While this gives BNB Chain a stronger institutional narrative, the report cautions against viewing it as a simple chain-vs-chain victory. Solana remains strong in other areas like DeFi speed and retail activity. The key for BNB Chain will be sustaining this growth beyond a one-time volume spike through repeat usage, issuer growth, and deeper liquidity. The development signals that competition for tokenized finance among major blockchains is intensifying in practice.

bitcoinist06/30 20:21

BNB Chain Claims Lead Over Solana In Tokenized Stock Trading Volume

bitcoinist06/30 20:21

Bitwise: This Weekend's Surge Accelerates the On-Chain Migration of the Financial World

Financial migration to the blockchain is inevitable, and recent geopolitical events have dramatically accelerated this shift. Traditional markets operate with delays, high costs, and limited hours, but blockchain enables 24/7 global trading, instant settlement, and lower costs. While many assumed this transition would take 5–10 years, a weekend military strike against Iran—occurring when almost all traditional markets were closed—proved a turning point. On February 28, during widespread market closures, decentralized platforms like Hyperliquid saw explosive activity. Hyperliquid’s oil perpetual contracts became a key price reference, even cited by Bloomberg. Tether’s gold token XAUT reached over $300 million in trading volume, and prediction markets like Polymarket hit record highs. For the first time, crypto markets functioned as the primary real-time financial system during a major event. This event underscores that investors, funds, and institutions can no longer ignore on-chain finance. The barrier to entry—learning wallets, stablecoins, and DeFi platforms—is diminishing as necessity drives adoption. Once engaged, users gain access to a faster, more open financial system. Critics may argue extended traditional hours could suffice, but history shows that disruptive technology, like blockchain, often outperforms incremental improvements. The move to on-chain finance is happening faster than anyone expected.

marsbit03/05 07:20

Bitwise: This Weekend's Surge Accelerates the On-Chain Migration of the Financial World

marsbit03/05 07:20

Bitwise CIO: On-chain finance is ‘arriving sooner than expected’

Bitwise CIO Matt Hougan declared that on-chain finance has crossed a historic threshold, arriving "sooner than expected" due to its critical role during the Middle East crisis. When Iran-related escalations intensified over the weekend and traditional markets were closed, platforms like Hyperliquid became essential real-time hedging tools, providing live oil price data and seeing its token HYPE surge 30%. Tether Gold also experienced a massive volume spike, reaching $300 million in daily trades as investors sought safe-haven assets. Prediction markets like Polymarket recorded all-time high activity. Hougan argues that crypto’s performance during this period will accelerate institutional adoption, comparing the shift to disruptive technologies like Netflix and the iPhone. Despite some criticism about added friction and risks, the weekend demonstrated that on-chain finance is becoming an unavoidable part of the global financial system.

ambcrypto03/04 22:02

Bitwise CIO: On-chain finance is ‘arriving sooner than expected’

ambcrypto03/04 22:02

European Banking Giants Unite: Can the Euro Stablecoin Reshape the Global Crypto Landscape?

A consortium of 12 major European banks, including BNP Paribas, ING, and UniCredit, has announced the launch of a euro-pegged stablecoin, Qivalis, in late 2026. This initiative aims to provide a regulated European alternative to dominant dollar-based stablecoins like USDT and USDC, which currently serve as the de facto monetary standard in the crypto ecosystem. The Qivalis stablecoin will be fully backed by a reserve comprising at least 40% in bank deposits and the remainder in high-rated short-term eurozone government bonds, ensuring high liquidity and reduced risk. The move represents a strategic effort by European institutions to secure a role in the emerging on-chain financial infrastructure, where stablecoins are increasingly functioning as settlement units, payment networks, and sovereign currency representations. Rather than directly challenging dollar stablecoins' liquidity dominance, the project seeks to ensure the euro’s presence in the digital financial landscape, preventing a single-currency monopoly in future on-chain trade and capital flows. This development signals a broader shift: traditional finance is actively entering the digital asset space to redefine its role in an increasingly tokenized economy.

marsbit03/04 13:38

European Banking Giants Unite: Can the Euro Stablecoin Reshape the Global Crypto Landscape?

marsbit03/04 13:38

Bitwise: A Weekend Attack Accelerates the On-Chain Migration of the Entire Financial World

The author, Bitwise CIO Matt Hougan, argues that a weekend geopolitical event—an announcement of a U.S. strike against Iran—accelerated the inevitable migration of global finance onto blockchain infrastructure. While traditional markets (stocks, futures, forex) were closed, decentralized platforms like Hyperliquid, which offers perpetual contracts for crypto and real-world assets like oil, saw massive trading volume spikes. Hyperliquid’s oil contract prices were even cited by Bloomberg as a key market reference. Additionally, Tether’s gold token XAUT and prediction markets like Kalshi and Polymarket hit record volumes. This event demonstrated that crypto markets now function as a true, 24/7 global market during off-hours when traditional finance is inactive. The author concludes that this shift is now unavoidable and will happen faster than anticipated, forcing traditional investors, banks, and funds to adopt crypto wallets, stablecoins, and DeFi platforms to remain competitive.

比推03/04 03:45

Bitwise: A Weekend Attack Accelerates the On-Chain Migration of the Entire Financial World