✨ Isishwankathelo se-AI
- Uphuhliso lweDeFi lweZiko lujongene notshintsho olukhulu, apho amaziko amakhulu edala iimveliso eziqhuba ixabiso lokwenyani endaweni yokuchukumisa i-web3 kunye ne-blockchain ukuze zihlale zibalulekile.
- Iintshukumo ezibalulekileyo ziquka ukuqaliswa kwe-JPMorgan kwesikhwama semali semarike yemali esine-tokenized se-$100M, isikhwama sokuqala se-tokenized dollar seFidelity International, kunye noluhlu lwe-BlackRock lwesikhwama sayo se-BUIDL se-$2.3B kwi-Uniswap.
- Ixabiso lemarike le-RWA ekwi-chain liphantse laphindeka kathathu kunyaka, nto leyo egxininisa ithuba elikhulu elikwiziseko zophuhliso zeDeFi ezihambelanayo nezisemthethweni.
- Nangona kunjalo, ukwakha iDeFi yamaziko yinkqubo enzima, enemingeni efana neKYC kumanqanaba esivumelwano, ukutya kwamaxabiso ngexesha langempela, iindawo zokugcina izinto ezihambelanayo, ukuthunyelwa kwee-multi-chain, kunye nengxelo yolawulo.
- Amaziko aceba ukwakha iziseko zophuhliso zeDeFi kufuneka ajolise ekukhutshweni kwezixhobo ezihambelanayo nezinobume obuphezulu.
Iinyanga ezintlanu zokuqala zika-2026 zenze kwacaca ukuba iTradFi isonga iiasethi ukuze izifake kwikhonkco, ayisekho kuphela indlela yokulawula ibali lophuhliso lweDeFi . Amaziko ngoku ahamba ngeereyile zeDeFi, edala iimveliso ezingachukumisi nje i-web3 kunye ne-blockchain ukuze zihlale zibalulekile kodwa ziqhuba ixabiso lokwenyani.
Ngubani Owakhayo Ngokwenene: Utshintsho Oluphawulekayo LweDeFi Lweziko ngo-2026
- I-JPMorgan iqalise i-JLTXX ethobela i-GENIUS, isikhwama semali semarike yemali esine-tokenized se-$100M kwi-Ethereum nge-13 kaMeyi 2026. (Umthombo: Isaziso seendaba seJPMorgan)
- I-Fidelity International iqalise i-FILQ, i-tokenized dollar fund yayo yokuqala kwi-Ethereum ngoMeyi 26, 2026, iChainlink ipapasha i-NAV kwi-chain ngexesha langempela kwaye iSygnum Bank iphatha i-KYC/AML. (Umthombo: I-BanklessTimes)
- I-Amundi (€2.4T AUM) iqalise i-SAFO, isikhwama semali esithokheniweyo esihambelana ne-UCITS kwiSolana nge-22 kaMeyi, 2026, esilawulwa yi-AMF yaseFransi. (Umthombo: Iindaba zeCqt)
- I-Apollo Global, nge-13 kaFebruwari 2026, yavuma ukufumana ukuya kuthi ga kwi-9% yolawulo lukaMorpho kwiminyaka emine ezayo, nto leyo enika isihlalo se-AUM se-$940 yezigidigidi kwitafile yeprotokholi yokubolekisa yeDeFi. (Umthombo: Lubhelu)
- IBlackRock ibhalise ingxowa-mali yayo ye-BUIDL ye-$2.3B kwi-Uniswap nge-11 kaFebruwari 2026, ivumela ukutshintshana kwamaziko iiyure ezingama-24 ngeentsuku ezisixhenxe nge-UniswapX, kwaye yathenga isixa esingachazwanga seethokheni zolawulo lwe-UNI. (Umthombo: CoinDesk)
- IBlackRock ifake isicelo kwi-SEC ngomhla wesi-8 kuCanzibe, ngo-2026 ukuze iqalise i-BSTBL, udidi lwezabelo zedijithali oluyi-tokenized lwe- $6.1B treasury fund yayo kwi-Ethereum kunye ne-BRSRV, i-multi-chain fund entsha ejolise kubanini be-stablecoin abafuna isivuno esilawulwayo. (Umthombo: I-AdvisorHub)
- I-Ripple Prime idibanise i-Hyperliquid nge-4 kaFebruwari 2026, ivumela abathengi beziko ukuba bafikelele kwi-on-chain derivatives ngelixa bejongana nezikhundla ze-DeFi ngokuchasene ne-FX, ingeniso esisigxina, utshintsho lwe-OTC, kunye ne-cleared derivatives phantsi kwe-counterparty enye. (Umthombo: Isaziso seendaba seRipple)
| Iziko | Ingxowa-mali / Iphulo | I-Blockchain / iProtokholi | Umhla (2026) | Into ephambili omawuyenze/iqabane | imvelaphi |
|---|---|---|---|---|---|
| Ripple Prime | Ukuhlanganiswa kweeMveliso ezisetyenzisiweyo | I-Hyperliquid | Feb 4 | I-DeFi enqamlezayo ngokuchasene nempahla yeTradFi | Isaziso seendaba seRipple |
| BlackRock | Uluhlu lweNgxowa-mali yeBUIDL | Uniswap / UniswapX | Feb 11 | Ukuvumela ukutshintshana iiyure ezingama-24/7; ndithenge ii-UNI token | CoinDesk |
| Apollo Global | Ukufunyanwa koLawulo | imorpho | Feb 13 | Ukufumana ulawulo olufikelela kwi-9% kwiminyaka emi-4 | Lubhelu |
| BlackRock | Iimali ze-BSTBL kunye ne-BRSRV | I-Ethereum / Iikhonkco ezininzi | Ngamana 8 | I-SEC ifaka izicelo zezabelo zedijithali ze-treasury fund | I-AdvisorHub |
| JPMorgan | Ingxowa-mali ye-JLTXX ($100M) | Ethereum | Ngamana 13 | Imarike yemali ethokheniweyo ethobela imithetho yobukrelekrele | Isaziso seendaba seJPMorgan |
| Amnandi | Ingxowa-mali yeSAFO (€2.4T AUM) | Solana | Ngamana 22 | Iyathotyelwa yi-UCITS; ijongwe yi-AMF yaseFransi | Iindaba zeCqt |
| Ukunyaniseka kwi-Int. | Ingxowa-mali yeFILQ Dollar | Ethereum | Ngamana 26 | Isebenzisana neChainlink (NAV) kunye neSygnum (KYC) | I-BanklessTimes |
Ukuba ucinga ukuba ngabaqhubi beenqwelo-moya abangacwangciswanga, uyaphazama. Amaziko aqhuba imali, ikhredithi, kunye nokusebenza ngokusebenzisa iireyile zeDeFi protocols ezingezizo ezabo. Le yindlela yokutshintsha kweziseko, efana nokwenzeka xa abathengisi abaphambili banxibelelana neBATS, kunye ne-EDGX ekuqaleni kweminyaka yoo-2000 endaweni yokuyiphinda.
Ukuba ungu-CTO ebhankini, kwi-neobank, kwiqonga le-RWA okanye kwi-digital asset exchange, umbuzo obalulekileyo phambi kwakho ngulo: Ngaba wenza uphuhliso lweqonga le-DeFi kwiziko ngaphambi kwabakhuphisana nawe?
Yintoni iDefi yeZiko?
Uphuhliso lweDeFi lweziko lubonisa ukuhlanganiswa kwe-tradFi kunye neDeFi. Amaziko alawulwayo afana neebhanki, abaphathi beeasethi, ii-hedge funds, ii-exchanges, njl.njl. asebenzisa iiprotokholi ezisasazwayo njengeziseko zemali ezabelwana ngazo. Ngokungafaniyo neDeFi yokuthengisa, isebenza ngaphakathi kwemilinganiselo yokuthobela imithetho neKYC kumaleko wekhontrakthi, amachibi okuthengisa avumelekileyo, kunye nengxelo yolawulo eyakhelwe kwiziseko zeprotokholi. Yahlukile kwi-tokenization ye-RWA ngokwemigaqo yokuba ayizisi nje kuphela iiasethi kwikhonkco kodwa ikwazenza:
- Ingasetyenziswa njengesibambiso
- Ingasetyenziswa kwiimarike zemali mboleko
- Ingadityaniswa kwiiprotokholi ezahlukeneyo
- Ingahlawulelwa imini nobusuku ngaphandle komlamli wendabuko.
Ithuba leMarike elingavumelekanga ukuba lijongwe yiWall Street
Ithuba leMarike elingavumelekanga ukuba lijongwe yiWall Street
Umthombo: RWA.xyz
Ixabiso le-RWA elikwi-chain liphantse laphindeka kathathu ngonyaka, lidlula ixabiso lemarike le-$32 yeebhiliyoni ngoMeyi 2026 ukusuka kwi-$11B kuphela ngo-Epreli 2025. Le ayilolunye uhlobo lomjikelo we-crypto njengoko iiasethi ezivelisa yona zizibambiso zikarhulumente ezithwala isivuno, ikhredithi yabucala, kunye nezabelo zengxowa-mali ezilawulwayo.
Iiprotokholi ze-Aave, Morpho, Uniswap, kunye neHyperliquid ngoku zisebenza njengeendlela zokuhlawula ezabelwana ngazo amaziko e-tradFi, indima efanayo edlalwe yi-ECN kwiimarike zezabelo zase-US. Amaziko akhe phezu kwe-ECN abambe ukuhamba kwaye alinde kwaye akhe iziseko zokuthobela imithetho kwiimarike azisakhokeli.
Ubusazi?
Yipesenti encinci kuphela yee-RWA ezifakwe ithokheni ezisebenzayo kwiDeFi. Iqela elikhulu elihlala kwindawo evunyelweyo liza kufuna ii-DeFi wrappers ezithobelayo ukuze zibe yimali ebambisayo. Eli thuba limele ithuba elikhulu kuye nabani na owakha okanye onyusa iziseko zeDeFi ezithobelayo nezisemthethweni.
Kutheni iziseko zophuhliso zeDeFi zahlukile kwaye zithini izinto ezibalulekileyo kuzo?
Uphuhliso lweprotocol yeDeFi esemgangathweni alulungelanga amaziko. Iimfuno zokuthobela imithetho ezibekwe yiVARA MiCA, uMthetho weGENIUS, kunye nesakhelo esifanayo zenza imida ethile yobunjineli evulekileyo engazange yenzelwe iDeFi. Ukuba wakhela iDeFi amaziko, nantsi imingeni ekufuneka iprotocol yakho yeDeFi yesikhungo ijongane nayo:
| Uluhlu Lweziseko | Iingxaki zeDeFi ezivulekileyo | Oko Kufuneka Kwenziwe yiDeFi yeZiko | Isalathiso seHlabathi lokwenyani |
|---|---|---|---|
| 1. Iikhontrakthi eziSebenzayo eziVumelekileyo | Iikhontrakthi zeDeFi ezivulekileyo zivumela nayiphi na i-wallet. Akukho maleko wobunikazi. |
| Uluhlu lwabavunyelweyo be-BUIDL's Securitize; i-FILQ's Sygnum Desygnate ERC-20 |
| 2. I-On-Chain NAV kunye ne-Oracle Layer | I-NAV ihlala ngaphandle kwenethiwekhi kunye nearhente yokudlulisela imali. Akukho ndlela ithembekileyo yokufikelela kwinethiwekhi. |
| I-Chainlink ye-FILQ (uJP Morgan ubonelela nge-NAV yemihla ngemihla → usasazo lwe-Chainlink kwi-chain) |
| 3. I-Vault ehambelanayo / Umaleko woLwabiwo | Iithokheni ezivalelwe kuluhlu lwemvume azinakufakwa ngqo kwi-Aave okanye kwi-Uniswap. |
| iSociété Générale kwiivaults zaseMorpho; Coinbase $1.2B USDC mboleko nge Morpho. |
| 4. Ukusasazwa kweeNtengiselwano ezininzi | Iphondo le-KYC/AML alihambi ngeendlela ezahlukeneyo. Kukho ukuqhekeka kobuwena kuzo zonke iibhulorho. |
| I-BENJI kwiityathanga ezi-8; Isivumelwano se-Ondo/JPMorgan/Ripple/Mastercard OUSG kwi-XRPL (nge-6 kaMeyi, 2026) |
| 5. Ukugcinwa kunye nokuHlaliswa | Abagcini bezikhungo abazihlanganisi ngokwendalo neeprotokholi zeDeFi. |
| I-Anchorage Digital kwi-JLTXX; i-Sygnum kwi-FILQ; intlawulo ye-stablecoin evumela iimarike ezivulekileyo rhoqo |
| 6. Ukuthobela imithetho kunye nengxelo | Iiprotokholi zeDeFi azivelisi mizila yokuhlolwa kweencwadi, idatha yemithetho yokuhamba, okanye iiflegi ze-AML |
| Ukunyanzeliswa kweVARA kweDeFi; Iimfuno zogunyaziso lwe-MiCA CASP |
Indlela yokusilela okubalulekileyo esonjululwa ziiprojekthi ezininzi zophuhliso lweDeFi kukuthobela imithetho okanye ukuhambelana, imodeli ye-BUDL yoluhlu lwamalungelo ithobela imithetho ngokupheleleyo kodwa i-8% kuphela esebenzayo kwiDeFi. Abo baceba umda wokukhuphisana ozinzileyo kufuneka bajolise ekukhutshweni kwemithetho ngokuhambelana nokuhambelana okuphezulu. Oku kushwankathela indlela yeDeRWA okanye yeCentrifuge ejongana nokuhambelana kokuthobela imithetho kunye nokuhambelana ngokuvumela ukukhutshwa kwemithetho ngokudluliselwa kwemithetho okuphezulu, okukhululekileyo kwesibini. Le ndlela ifaka ingqiqo yobunikazi beKYC/AML ngqo kumaleko wekhontrakthi ehlakaniphileyo yeprotocol, ivumela iiasethi ezilawulwa kakhulu, ezinethokheni ukuba zihambe ngokulula kwaye zisebenzisane ngokukhuselekileyo njengesiqinisekiso esivelisayo kuzo zonke iireyile zikawonkewonke zeDeFi.
Imephu yokuThotyelwa kweMithetho yoBulumko yoPhuhliso lwePlatform yeDeFi yeZiko
| Ummandla | Isakhelo esiPhambili | Umhla obalulekileyo | Ithetha ukuthini iDeFi |
|---|---|---|---|
| eunited States | UMthetho we-GENIUS + uMthetho oHlangeneyo we-SEC-CFTC (Matshi 2026) + iProjekthi yeCrypto | Inqaku le-UCC 12: Juni 3, 2026 | Iiklasi ezi-4 zeeasethi ezingezizo ezokhuseleko zichaziwe; ii-MMF ezithokeniweyo zinokuxhasa ugcino lwe-stablecoin; imeko yezomthetho ye-bond yeasethi zedijithali |
| iunited Kingdom | Imigaqo ye-FCA FSMA Cryptoassets ka-2026 | Ulawulo olupheleleyo ngo-Okthobha 2027 | Ilawulwa njengezonyuso zemali ngoku; Kufuneka imvume ye-CASP |
| I-UAE / iDubai | Incwadi yemithetho yokukhutshwa kweeAsethi ze-VARA eziSebenzayo (Matshi 2026) | esebenzayo | Ii-front-ends zeDeFi kufuneka zibhalise; incwadi yemithetho yeenkonzo zokutshintshiselana; i-AML/CFT eyimfuneko |
| Ostreliya | I-AUSTRAC + ASIC | Umthetho wohambo uyasebenza | Ilayisenisi yokutshintshiselana; Ubhaliso lwe-AML; Ukuthotyelwa kweMithetho yokuHamba |
| udibano lwaseyurophu | Inqaku le-MiCA 143(3) | Ngomhla woku-1 kweyeKhala ngo-2026 iliwa | Kufuneka imvume ye-CASP; ii-EU rails ezisebenzela ukufikelela kwi-tokenized fund kufuneka zigunyaziswe |
| Singapho | Isakhelo seTokeni yeNtlawulo yeDijithali yeMAS | esebenzayo | Ilayisenisi ye-MAS yeenkonzo ze-DPT; i-DeFi yesikhungo iyahlolwa |
Ngubani Ofanele Akhe iDeFi yeZiko kwaye Yintoni Abanokuyifuna?
Uphuhliso lweDeFi lweziko alubandakanyi ukwakha imveliso enye. Enyanisweni ludibanisa izinto ezahlukeneyo zezimali zemveli kunye nemali esasazwayo, lwakha inkqubo yokusebenza ngokubambisana enika ukusebenza kakuhle ngaphandle kokuyekelela. Ukuba uceba ukwakha iziseko zophuhliso zeDeFi zeziko ngo-2026, nantsi indlela ecacileyo kuwe:
| Ungubani | Oko Uyakhayo | Isidingo Sakho Esibalulekileyo Seziseko Zophuhliso |
|---|---|---|
| I-CTO kwi-neobank / ibhanki ye-challenger | Imali mboleko ye-MMF okanye ye-DeFi ekwi-chain yabathengi | Izivumelwano ezikrelekrele ezivunyelweyo + ingxelo yokugcina + ukuthobela imithetho |
| INtloko yeeAsethi zeDijithali kwibhanki yengingqi | Imveliso ethokheniweyo ehambelana ne-VARA / MiCA | Ukusasazwa kwee-multi-chain + i-DeFi ebhalisiweyo yi-VARA + i-KYC kumaleko wesivumelwano |
| Umsunguli/i-CEO yeqonga le-RWA | IiTreasury eziTyikityisiweyo okanye ikhredithi yabucala kwi-chain | Ukuhlanganiswa kwe-Oracle + uyilo lwe-vault oluhambelanayo + ii-wrappers ze-protocol ze-Aave/Morpho |
| I-CIO kwi-ofisi yosapho/ingxowa-mali | Ii-vaults zeDeFi ezivunyiweyo; ukuvezwa kwekhredithi okuvumelanayo | Ii-vaults ezikhethwe ngendlela ye-morpho + uluhlu lwabavunyelweyo ngabatyali-mali + ideshibhodi yokunika ingxelo |
| Umsunguli we-crypto exchange (CEX/DEX) | Idesika yokubolekisa ngemali yesikhungo + ukwamkelwa kwesivumelwano esibalulekileyo | Inkqubo yolawulo lwebango + ii-NAV feeds ezikwi-chain + ukuhlanganiswa kokugcinwa |
| I-CEO yePlatform yokuBoleka imali yeP2P / Marketplace | Ukuqalwa kwetyala eliqhekeziweyo kwi-chain (enye indlela yokuxhasa ngezimali iiasethi) | Isazisi sobhaliso olusasazwe kwiindawo ezahlukeneyo (i-DID) + ukusasazwa kwemali ezenzekelayo + amachibi emarike evunyiweyo |
| INtloko yeMveliso kwiMphathi weeAsethi zeMveli | Iimali ezidityanisiweyo / izakhiwo ze-UCITS | Imisebenzi yokuqandisa/yokunyibilikisa yesivumelwano esikrelekrele ehambelana nemithetho + inethiwekhi yokusasazwa kwee-cross-chain + ii-feed ze-Chainlink NAV zexesha langempela |
| UMlawuli oLawulayo kwiDigital Prime Brokerage | Inethiwekhi yokungena kunye nokucoca amaziko | Iinjini zokucoca ezisebenzisa iprotocol enye + ii-margin wrappers ze-single-counterparty + injini yomngcipheko we-multi-chain yexesha langempela |
| Inkokeli yoLawulo lwezeMali kwiWeb3 Foundation | Ii-stablecoin reserves ezithwala isivuno okanye ukwahlukahlukana kweethokheni zemveli kwi-RWAs | Amasango okugcinwa kwezikhungo aneempawu ezininzi + abaqokeleli be-RWA abacwangciswe ngomngcipheko + iindlela zokwenza ingxelo yerhafu/ye-accounting ezenzekelayo |
U-Antier Wakha Njani Iziseko Zophuhliso ZeDeFi Zeziko?
Ukusombulula zonke iileya ezintandathu zeziseko zophuhliso kuquka ukuthobela imithetho, i-oracle, ukugcinwa, ii-multi-chain, ii-vaults, iingxelo, njl. ngaxeshanye kulapho uninzi lwezakhiwo zeDeFi ezikwiziko zisilela khona. Iqela langaphakathi elithembekileyo kule nkalo lixabisa i-$1.8 ukuya kwi-$2.5 yezigidi ngonyaka kwimivuzo kunye neminyaka engaphezu kwemi-2 yemveliso.
Nangona kunjalo, abaphuhlisi be-blockchain abaphambili abanjengo-Antier, sele bakhe i-DeFi kwiibhanki kunye namaziko alawulwayo. Amaziko anokusebenzisa ubuchule bawo obuvunyelweyo bophuhliso lwe-DeFi ukuze anyuse ileli kwiinyanga ezi-3-6, kwaye ahlawule isiqingatha seendleko.
I-Antier ibonelela ngeziseko zophuhliso zeDeFi ezisuka ekupheleni ukuya ekupheleni nge:
- Iikhontrakthi ezihlakaniphileyo ezivunyelweyo + ukuhlanganiswa kwe-oracle
- I-vault ehambelanayo kunye nee-protocol wrappers
- Ukusasazwa kwee-multi-chain kunye nokugcinwa kwe-AML/KYC
- Ukugcinwa + ukuhlawulwa kwetyala
- Ukuthotyelwa kunye nokunika ingxelo
Sihambise i-tokenization, i-exchange, kunye ne-DeFi infrastructures kubathengi beziko kulo lonke elase-UAE, e-US, e-UK, eSingapore, naseMzantsi-mpuma Asia. Qhagamshelana namhlanje ukuze wabelane ngeemfuno zakho zeprojekthi.
Imibuzo ebuzwa qho
01. Yintoni iDeFi yesikhungo?
Ngowama-2026, amaziko amakhulu afana neJPMorgan, iFidelity International, iAmundi, iApollo Global, kunye neBlackRock aqalise iimali ezahlukeneyo kunye namanyathelo kwi-bloc. I-Institutional DeFi ibhekisa kumaziko emali alawulwayo afana neebhanki, abaphathi beeasethi, ukutshintshiselana, ii-hedge funds, besebenzisa iiprotokholi zemali ezisasazwayo (i-Aave, iMorpho, i-Uniswap, iHyperliquid) njengeziseko zokwenziwa kunye nokulungiswa kwesivumelwano, ngelixa begcina i-KYC yabo, ukuthobela imithetho, kunye nemida yokugcina.
02. Ngaba iDeFi ivumelekile ngokusemthethweni kwizikhungo ezilawulwayo?
Ewe, phantsi kwezikhokelo ezithile. Umthetho oHlangeneyo we-SEC-CFTC (Matshi 2026) uchaza iindidi ezine zeeasethi zedijithali ezingezizo zokhuseleko. UMthetho we-GENIUS udala isakhelo esicacileyo sokugcina imali esizinzileyo esiquka ii-MMF ezithokeni. I-VARA e-UAE ilawula ngokucacileyo abaqhubi beDeFi front-end
03. Yeyiphi i-blockchain ekufuneka isetyenziselwe yinkampani kwiDeFi ngo-2026?
I-Ethereum ibamba i-65% yexabiso le-RWA elinophawu kwaye kulapho iBlackRock BUIDL, iJPMorgan JLTXX, kunye neFidelity FILQ zonke zisebenza khona. Lulo luhlu olumiselweyo lokuhambelana okuphezulu kweDeFi kunye nokuthembeka kwesikhungo. I-Solana lukhetho lwe-Amundi kwiimveliso ezihambelana ne-UCITS kwaye inikezela ngokugqitywa kwe-150ms ngokuphuculwa kwe-Alpenglow. Ii-subnets ze-Avalanche kunye neCanton Network zikhonza iindawo zophuhliso zeDeFi ezivunyelweyo.
