美國國會審查代幣化及現實世界資產市場
US Congress Reviews Tokenization and Real-World Asset Market
2026年3月25日，美國眾議院金融服務委員會召開了一場題為「代幣化與證券的未來：現代化我們的資本市場」的聽證會。
On March 25, 2026, the U.S.
這一活動標誌著一項重大轉變，將代幣化從一個利基概念轉變為首要的政策重點。
House Financial Services Committee held a hearing titled "Tokenization and the Future of Securities: Modernizing Our Capital Markets."
隨著現實世界資產（RWA）市場鏈上價值現已超過260億美元，黑岩集團（BlackRock）和摩根大通（JPMorgan）等大型企業正引領這波潮流。
This event marks a significant shift, moving tokenization from a niche concept to a top policy priority.
立法者目前正在探討如何為在公共區塊鏈上全天候（24/7）交易的資產升級法律基礎設施。
With the real-world asset (RWA) market now exceeding $26 billion in on-chain value, major firms like BlackRock and JPMorgan are leading the charge.
會議討論的一個關鍵主題是，代幣化改變了資產結算的方式，但並未改變其基本屬性；代幣化股票仍然屬於受監管的證券。
Lawmakers are currently exploring how to modernize legal infrastructure for assets that trade 24/7 on public blockchains.
此外，這次聽證會引發了關於證人名單組成的爭議，因為有些人認為該名單偏袒傳統金融巨頭，而非規模較小、原生於加密領域的創新者。
While proponents argue that this technology reduces settlement times and costs, critics urge caution regarding potential vulnerabilities.
最終，核心挑戰依然是在資本市場現代化與維持強健的投資者保護之間取得平衡。
Furthermore, the hearing sparked debate over the witness panel's composition, as some argued it favored traditional financial giants over smaller, crypto-native innovators.
