{"id":3673,"date":"2026-09-27T10:40:16","date_gmt":"2026-09-27T02:40:16","guid":{"rendered":"https:\/\/www.shoppingguid.com\/?p=3673"},"modified":"2026-09-27T10:40:16","modified_gmt":"2026-09-27T02:40:16","slug":"rwa%e8%b7%a8%e9%93%be%e6%b8%85%e7%ae%97%e7%9c%9f%e7%9b%b8%ef%bc%9a%e8%b0%81%e5%9c%a8%e6%9e%84%e5%bb%ba%e6%9c%ba%e6%9e%84%e7%ba%a7%e7%bb%93%e7%ae%97%e5%ba%95%e5%ba%a7","status":"publish","type":"post","link":"https:\/\/www.jiankangguanli1.com\/?p=3673","title":{"rendered":"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7"},"content":{"rendered":"<div>\n<h3 align=\"center\">\u6458\u8981<\/h3>\n<p>\u968f\u7740\u91d1\u878d\u673a\u6784\u5bf9\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff08RWA\uff09\u6570\u5b57\u5316\u548c\u8de8\u94fe\u6d41\u901a\u9700\u6c42\u7684\u63d0\u5347\uff0c\u5982\u4f55\u5b9e\u73b0\u5b89\u5168\u3001\u9ad8\u6548\u7684\u8de8\u94fe\u6e05\u7b97\u6210\u4e3a\u6838\u5fc3\u8bfe\u9898\u3002\u672c\u6587\u7cfb\u7edf\u5206\u6790\u4e86 LayerZero\u3001Axelar \u4e0e Wormhole \u4e09\u5927\u4e3b\u6d41\u8de8\u94fe\u534f\u8bae\u7684\u67b6\u6784\u53ca\u5b89\u5168\u6a21\u578b\uff0c\u8bc4\u4f30\u5176\u5728 RWA \u6e05\u7b97\u3001\u64ae\u5408\u53ca\u6d41\u52a8\u6027\u652f\u6301\u65b9\u9762\u7684\u5339\u914d\u5ea6\uff0c\u8fdb\u4e00\u6b65\u62c6\u89e3\u4e86\u94fe\u4e0a\u4e0e\u94fe\u4e0b\u6e05\u7b97\u903b\u8f91\uff0c\u63d0\u51fa\u4e09\u7c7b\u53ef\u843d\u5730\u7684\u8de8\u94fe\u6e05\u7b97\u7ed3\u6784\uff0c\u5305\u62ec\u539f\u751f\u8de8\u94fe\u6d88\u606f\u6e05\u7b97\u3001\u53cc SPV+\u6258\u7ba1\u53c2\u4e0e\u6a21\u5f0f\u53ca\u539f\u5b50\u4ea4\u6362\u5f0f\u8de8\u94fe\uff0c\u7ed3\u5408\u5b9e\u9645\u6848\u4f8b\u5c55\u793a\u4e86\u623f\u5730\u4ea7\u6536\u76ca\u6743\u3001\u7968\u636e\u4e0e\u5e94\u6536\u8d26\u6b3e\u7c7b\u8d44\u4ea7\u7684\u8de8\u94fe\u64cd\u4f5c\u6d41\u7a0b\u53ca\u98ce\u9669\u63a7\u5236\u673a\u5236\u3002\u6700\u540e\uff0c\u7cfb\u7edf\u68b3\u7406\u4e86\u673a\u6784\u7ea7 RWA \u5728\u8de8\u94fe\u64cd\u4f5c\u4e2d\u7684\u89d2\u8272\u4e0e\u804c\u8d23\u5206\u5de5\uff0c\u4e3a\u6295\u8d44\u65b9\u3001\u4ea4\u6613\u6240\u53ca\u6258\u7ba1\u673a\u6784\u63d0\u4f9b\u53ef\u64cd\u4f5c\u6027\u53c2\u8003\u3002<\/p>\n<p><strong>\u5173\u952e\u8bcd\uff1a\u8de8\u94fe\u6e05\u7b97\u3001RWA \u8d44\u4ea7\u3001LayerZero\u3001Axelar\u3001Wormhole<\/strong><\/p>\n<h3 align=\"center\">01\u8de8\u94fe RWA \u7684\u73b0\u5b9e\u9700\u6c42\u4e0e\u4e09\u5927\u534f\u8bae\u6bd4\u8f83\u6846\u67b6<\/h3>\n<h4 align=\"center\">1.1 RWA \u4e0a\u94fe\u540e\u7684\u6838\u5fc3\u8de8\u94fe\u75db\u70b9\u4e0e\u73b0\u5b9e\u5236\u7ea6<\/h4>\n<p>\u5728\u771f\u5b9e\u9879\u76ee\u843d\u5730\u8fc7\u7a0b\u4e2d\u53ef\u4ee5\u770b\u5230\uff0c\u5927\u591a\u6570 RWA \u5728\u6700\u521d\u8bbe\u8ba1\u65f6\u4ecd\u7136\u6cbf\u7528\u201c\u5355\u94fe\u53d1\u884c\u201d\u7684\u903b\u8f91\uff1a\u8d44\u4ea7\u786e\u6743\u5b8c\u6210\u540e\uff0c\u5c06\u503a\u6743\u3001\u7968\u636e\u3001\u623f\u5730\u4ea7\u6536\u76ca\u6743\u6216\u5e94\u6536\u8d26\u6b3e\u6620\u5c04\u4e3a Token\uff0c\u90e8\u7f72\u5728\u4ee5\u592a\u574a\u6216\u5176\u4ed6 EVM \u94fe\u4e0a\u5b8c\u6210\u53d1\u884c\u4e0e\u521d\u7ea7\u6d41\u901a\u3002\u8fd9\u79cd\u7ed3\u6784\u5728\u65e9\u671f\u9a8c\u8bc1\u9636\u6bb5\u662f\u53ef\u884c\u7684\uff0c\u4f46\u4e00\u65e6\u8fdb\u5165\u673a\u6784\u5316\u8fd0\u4f5c\u4e0e\u4e8c\u7ea7\u6d41\u901a\u9636\u6bb5\uff0c\u5176\u5c40\u9650\u6027\u4f1a\u8fc5\u901f\u653e\u5927\u3002\u9996\u5148\u662f\u6d41\u901a\u6210\u672c\u95ee\u9898\uff0c\u5355\u94fe\u610f\u5473\u7740\u6d41\u52a8\u6027\u88ab\u9501\u5b9a\u5728\u67d0\u4e00\u4e2a\u751f\u6001\u5185\u90e8\uff0c\u4e0d\u540c\u673a\u6784\u3001\u4e0d\u540c\u4ea4\u6613\u5e73\u53f0\u3001\u4e0d\u540c\u6258\u7ba1\u4f53\u7cfb\u4e4b\u95f4\u7684\u8d44\u4ea7\u8c03\u914d\u53ea\u80fd\u4f9d\u8d56\u8de8\u94fe\u6865\u3001\u5305\u88c5\u8d44\u4ea7\u6216\u8d4e\u56de\u518d\u53d1\u884c\uff0c\u8fd9\u4e0d\u4ec5\u53e0\u52a0\u4e86 Gas \u6210\u672c\u3001\u8de8\u94fe\u624b\u7eed\u8d39\u548c\u6d41\u52a8\u6027\u5360\u7528\u6210\u672c\uff0c\u4e5f\u540c\u6b65\u5f15\u5165\u4e86\u65b0\u7684\u5408\u89c4\u4e0e\u5ba1\u8ba1\u590d\u6742\u5ea6\u3002\u5bf9\u4e8e\u5355\u7b14\u89c4\u6a21\u5728\u5343\u4e07\u751a\u81f3\u4e0a\u4ebf\u7f8e\u5143\u91cf\u7ea7\u7684 RWA \u9879\u76ee\u800c\u8a00\uff0c\u8fd9\u7c7b\u7ed3\u6784\u6027\u6469\u64e6\u6210\u672c\u5e76\u975e\u8fb9\u9645\u95ee\u9898\uff0c\u800c\u662f\u76f4\u63a5\u5f71\u54cd\u8d44\u4ea7\u5468\u8f6c\u6548\u7387\u548c\u6574\u4f53\u6536\u76ca\u6a21\u578b\u7684\u6838\u5fc3\u53d8\u91cf\u3002\u5176\u6b21\u662f\u6e05\u7b97\u6548\u7387\u95ee\u9898\uff0c\u8bb8\u591a\u9879\u76ee\u5728\u8de8\u94fe\u73af\u8282\u4ecd\u4f9d\u8d56\u201c\u94fe\u4e0a\u89e6\u53d1 + \u94fe\u4e0b\u786e\u8ba4 + \u518d\u4e0a\u94fe\u540c\u6b65\u201d\u7684\u534a\u4eba\u5de5\u6d41\u7a0b\uff0c\u6e05\u7b97\u5468\u671f\u5f80\u5f80\u4ee5\u5929\u8ba1\uff0c\u8fd9\u5bf9\u7968\u636e\u7c7b\u3001\u6536\u76ca\u6743\u7c7b\u3001\u5e94\u6536\u8d26\u6b3e\u7c7b RWA \u5c24\u5176\u4e0d\u5229\uff0c\u56e0\u4e3a\u73b0\u91d1\u6d41\u5206\u914d\u4e0e\u672c\u91d1\u56de\u6536\u7684\u65f6\u95f4\u6210\u672c\u4f1a\u88ab\u76f4\u63a5\u8f6c\u5316\u4e3a\u4fe1\u7528\u6210\u672c\u548c\u8d44\u91d1\u5360\u7528\u6210\u672c\u3002\u7b2c\u4e09\u662f\u673a\u6784\u534f\u4f5c\u5c42\u9762\u7684\u5272\u88c2\u95ee\u9898\uff0c\u5f53\u53d1\u884c\u65b9\u3001\u6258\u7ba1\u65b9\u3001\u6e05\u7b97\u65b9\u3001\u4ea4\u6613\u5e73\u53f0\u5206\u522b\u90e8\u7f72\u5728\u4e0d\u540c\u94fe\u548c\u4e0d\u540c\u6280\u672f\u4f53\u7cfb\u4e2d\u65f6\uff0c\u8d44\u4ea7\u6743\u5c5e\u3001\u72b6\u6001\u8bc1\u660e\u548c\u6e05\u7b97\u8d23\u4efb\u88ab\u5206\u6563\u5728\u591a\u4e2a\u7cfb\u7edf\u4e4b\u4e2d\uff0c\u5ba1\u8ba1\u8def\u5f84\u88ab\u4eba\u4e3a\u5207\u5272\uff0c\u6d41\u52a8\u6027\u4e5f\u968f\u4e4b\u88ab\u62c6\u5206\uff0c\u8fd9\u4f7f\u5f97 RWA \u5728\u5236\u5ea6\u8bbe\u8ba1\u4e0a\u672c\u5e94\u5177\u5907\u7684\u201c\u53ef\u6574\u5408\u6027\u201d\u548c\u201c\u53ef\u89c4\u6a21\u5316\u6d41\u901a\u80fd\u529b\u201d\u88ab\u4e25\u91cd\u524a\u5f31\u3002\u6b63\u662f\u5728\u8fd9\u79cd\u80cc\u666f\u4e0b\uff0c\u8de8\u94fe\u5e76\u4e0d\u662f\u4e00\u79cd\u6280\u672f\u4e0a\u7684\u9526\u4e0a\u6dfb\u82b1\uff0c\u800c\u662f\u673a\u6784\u7ea7 RWA \u80fd\u5426\u771f\u6b63\u8fdb\u5165\u591a\u5e02\u573a\u6d41\u901a\u548c\u591a\u673a\u6784\u534f\u4f5c\u7684\u5fc5\u8981\u6761\u4ef6\uff0c\u4f46\u4e0e\u6b64\u540c\u65f6\uff0c\u8de8\u94fe\u6240\u5f15\u5165\u7684\u98ce\u9669\u4e5f\u4f7f\u6e05\u7b97\u4f53\u7cfb\u7684\u6807\u51c6\u88ab\u6574\u4f53\u62ac\u9ad8\u3002<\/p>\n<p>\u5bf9\u4e8e RWA \u800c\u8a00\uff0c\u8de8\u94fe\u6e05\u7b97\u4e0d\u518d\u53ea\u662f\u6d88\u606f\u80fd\u5426\u6210\u529f\u9001\u8fbe\u7684\u95ee\u9898\uff0c\u800c\u662f\u5fc5\u987b\u540c\u65f6\u6ee1\u8db3\u56db\u4e2a\u66f4\u504f\u5411\u91d1\u878d\u4e0e\u6cd5\u5f8b\u5c5e\u6027\u7684\u786c\u6027\u8981\u6c42\uff1a\u5176\u4e00\u662f\u6700\u7ec8\u6027\uff0c\u5373\u6e05\u7b97\u7ed3\u679c\u5728\u76ee\u6807\u94fe\u4e0a\u5fc5\u987b\u6784\u6210\u4e0d\u53ef\u9006\u6216\u5177\u5907\u6cd5\u5f8b\u610f\u4e49\u4e0a\u7684\u786e\u5b9a\u72b6\u6001\uff0c\u800c\u4e0d\u662f\u4f9d\u8d56\u533a\u5757\u786e\u8ba4\u6b21\u6570\u9010\u6b65\u201c\u6982\u7387\u6536\u655b\u201d\uff1b\u5176\u4e8c\u662f\u53ef\u9a8c\u8bc1\u6027\uff0c\u4efb\u4f55\u7b2c\u4e09\u65b9\uff0c\u5305\u62ec\u6258\u7ba1\u4eba\u3001\u5ba1\u8ba1\u673a\u6784\u4e0e\u76d1\u7ba1\u90e8\u95e8\uff0c\u90fd\u5e94\u80fd\u591f\u72ec\u7acb\u590d\u6838\u8de8\u94fe\u6d88\u606f\u3001\u8d44\u4ea7\u94f8\u9020\u4e0e\u9500\u6bc1\u3001\u8d4e\u56de\u4e0e\u6e05\u7b97\u7684\u5b8c\u6574\u94fe\u8def\uff1b\u5176\u4e09\u662f\u76d1\u7ba1\u53ef\u5ba1\u8ba1\u6027\uff0c\u8de8\u94fe\u7ed3\u6784\u5fc5\u987b\u5929\u7136\u652f\u6301\u94fe\u4e0a\u4e0e\u94fe\u4e0b\u53cc\u8f68\u5ba1\u8ba1\uff0c\u4f7f\u6e05\u7b97\u884c\u4e3a\u80fd\u591f\u4e0e\u6cd5\u5f8b\u5408\u540c\u3001\u6258\u7ba1\u534f\u8bae\u53ca\u4f1a\u8ba1\u5904\u7406\u5f62\u6210\u4e00\u4e00\u5bf9\u5e94\u5173\u7cfb\uff1b\u5176\u56db\u662f\u8d44\u4ea7\u53ef\u8ffd\u8e2a\u6027\uff0cRWA \u6240\u5bf9\u5e94\u7684 Token \u53ca\u5176\u8de8\u94fe\u5f62\u6001\u5fc5\u987b\u59cb\u7ec8\u53ef\u4ee5\u56de\u6eaf\u5230\u5355\u4e00\u771f\u5b9e\u8d44\u4ea7\u6765\u6e90\u548c\u660e\u786e\u6258\u7ba1\u4e3b\u4f53\uff0c\u907f\u514d\u51fa\u73b0\u591a\u6b21\u5305\u88c5\u3001\u6865\u4e0a\u5f71\u5b50\u8d44\u4ea7\u6216\u6743\u5c5e\u91cd\u53e0\u7b49\u7ed3\u6784\u6027\u98ce\u9669\u3002\u4ece\u673a\u6784\u89c6\u89d2\u770b\uff0c\u8fd9\u4e9b\u8981\u6c42\u4e0e DeFi \u8bed\u5883\u4e0b\u201c\u4ea4\u6613\u662f\u5426\u987a\u7545\u3001\u6210\u672c\u662f\u5426\u4f4e\u5ec9\u201d\u5e76\u4e0d\u5728\u540c\u4e00\u4e2a\u5c42\u7ea7\uff0c\u771f\u6b63\u88ab\u5173\u6ce8\u7684\u662f\u6e05\u7b97\u662f\u5426\u5177\u5907\u6cd5\u5f8b\u786e\u5b9a\u6027\u3001\u8d23\u4efb\u4e3b\u4f53\u662f\u5426\u6e05\u6670\u3001\u5ba1\u8ba1\u662f\u5426\u53ef\u590d\u73b0\u4ee5\u53ca\u8d44\u4ea7\u662f\u5426\u59cb\u7ec8\u5177\u5907\u6700\u7ec8\u53ef\u8d4e\u56de\u80fd\u529b\uff0c\u8fd9\u4e5f\u51b3\u5b9a\u4e86\u8de8\u94fe\u57fa\u7840\u8bbe\u65bd\u5982\u679c\u8981\u627f\u8f7d RWA\uff0c\u5c31\u5fc5\u987b\u4ece\u4e00\u5f00\u59cb\u5c31\u4ee5\u201c\u673a\u6784\u7ea7\u5b89\u5168\u4e0e\u5408\u89c4\u201d\u4e3a\u8bbe\u8ba1\u524d\u63d0\uff0c\u800c\u975e\u4ee5\u901a\u7528\u578b DeFi \u53ef\u7528\u6027\u4f5c\u4e3a\u6838\u5fc3\u76ee\u6807\u3002<\/p>\n<h4 align=\"center\">1.2 \u8bc4\u4f30\u6846\u67b6\uff1a\u4e3a\u4ec0\u4e48\u9009\u62e9 LayerZero \u3001Axelar\u3001Wormhole<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/e6250a72-9ce5-48d4-8341-fa53aead6730\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe\" \/><\/p>\n<h4 align=\"center\">1.3 \u4e09\u5927\u534f\u8bae\u5e95\u5c42\u67b6\u6784\u4e0e\u5b89\u5168\u6a21\u578b<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/00af1d4d-a69e-4c77-bf5f-48ba44480e85\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe1\" \/><\/p>\n<p>\u56e0\u6b64\uff0cLayerZero \u7684\u8bbe\u8ba1\u54f2\u5b66\u662f\u6a21\u5757\u5316\u3001 \u53ef\u914d\u7f6e \u3001\u53ef\u6269\u5c55\u3001\u6700\u5c0f\u4fe1\u4efb\u5047\u8bbe\uff0c\u975e\u5e38\u7b26\u5408\u5bf9\u9ad8\u5b89\u5168\u6027\u3001\u53ef\u5ba1\u8ba1\u6027\u548c\u8de8\u94fe\u7075\u6d3b\u6027\u7684\u9700\u6c42\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/5311a2ec-4ee1-4006-b0bb-cd410a600589\" width=\"1080\" height=\"509\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe2\" \/><\/p>\n<p>\u5178\u578b\u6848\u4f8b (Hypothetical \u5b9e\u8df5\u53c2\u8003)<\/p>\n<p>\u4f8b\u5982\uff0c\u4e00\u4e2a\u4ee5\u7f8e\u56fd\u56fd\u503a (U. S. Treasury Bond) \u6216\u9ad8\u8bc4\u7ea7\u503a\u5238\u4e3a\u5e95\u5c42\u8d44\u4ea7\u7684 RWA \u9879\u76ee\uff0c\u5e0c\u671b\u5728\u4ee5\u592a\u574a\u53d1\u884c\u2192 BNB Chain \u4e4b\u95f4\u8fdb\u884c\u8de8\u94fe\u901a\u77e5\u3002\u901a\u8fc7 LayerZero\uff0c\u9879\u76ee\u65b9\u53ef\u4ee5\u5728\u4ee5\u592a\u574a\u7aef\u53d1\u51fa \u201c\u8d4e\u56de\u8bf7\u6c42\u4e0e\u8d44\u4ea7\u9500\u6bc1\u201d\uff0c\u7136\u540e\u901a\u8fc7\u9884\u8a00\u673a\u4e0e\u4e2d\u7ee7\u8005\u5c06\u6d88\u606f\u4f20\u5230 BNB Chain\uff0c\u518d\u7531 BNB Chain \u7684 Endpoint \u5408\u7ea6\u6267\u884c\u6e05\u7b97\u3001\u8f6c\u8d26\u3001\u5206\u914d\u3002\u56e0\u4e3a\u9a8c\u8bc1\u673a\u5236\u6a21\u5757\u5316\u3001\u53ef\u914d\u7f6e\uff0c\u5e76\u4e14 Endpoint \u5408\u7ea6\u662f\u516c\u5f00\u5ba1\u8ba1\u5408\u7ea6\uff0c\u6574\u4e2a\u6d41\u7a0b\u5177\u6709\u6700\u7ec8\u6027\u3001\u53ef\u9a8c\u8bc1\u6027\u3001\u53ef\u5ba1\u8ba1\u6027\uff0c\u9002\u5408\u673a\u6784\u7ea7 RWA \u6e05\u7b97\u9700\u6c42\u3002<\/p>\n<p>\u9274\u4e8e LayerZero \u8c03\u7528\u8005 \u53ef\u6307\u5b9a\u9a8c\u8bc1\u8005\u7ec4\u5408\uff0c\u5b89\u5168\u6a21\u578b\u53ef\u6839\u636e\u8d44\u4ea7\u89c4\u6a21\u7075\u6d3b\u8c03\u6574\uff0c\u975e\u5e38\u9002\u5408\u9ad8\u4ef7\u503c\u3001\u5bf9\u5b89\u5168\u5ba1\u8ba1\u8981\u6c42\u9ad8\u7684 RWA\u3002<\/p>\n<p><strong>1.3.2 Axelar\uff1aPoS \u9a8c\u8bc1\u5668\u7f51\u7edc + \u5ba1\u8ba1\u53cb\u597d\u578b\u6d88\u606f\u8def\u7531<\/strong><\/p>\n<p>\u534f\u8bae\u67b6\u6784\u4e0e\u673a\u5236<\/p>\n<p>\u5728\u8fc7\u53bb\u4e24\u5e74\u5185\uff0cAxelar \u9010\u6e10\u6210\u4e3a\u8de8\u94fe\u57fa\u7840\u8bbe\u65bd\u4e2d\u673a\u6784\u91c7\u7528\u7387\u63d0\u5347\u6700\u5feb\u7684\u7cfb\u7edf\u4e4b\u4e00\uff0c\u771f\u6b63\u539f\u56e0\u5e76\u4e0d\u5728\u53ef\u8de8\u94fe\u672c\u8eab\uff0c\u800c\u5728\u4e8e\u5b83\u63d0\u4f9b\u4e86\u4e00\u6761\u53ef\u4ee5\u88ab\u5ba1\u8ba1\u3001\u88ab\u590d\u73b0\u3001\u88ab\u76d1\u7ba1\u65b9\u89e3\u91ca\u6e05\u695a\u7684\u8d23\u4efb\u94fe\u8def\u3002\u4e0e\u4f20\u7edf\u610f\u4e49\u4e0a\u7684\u6865\u4e0d\u540c\uff0cAxelar \u5e76\u4e0d\u662f\u4e00\u4e2a\u4f9d\u8d56\u4e2d\u7ee7\u6216\u5355\u70b9\u8bc1\u660e\u7684\u901a\u9053\uff0c\u800c\u662f\u4e00\u5957\u4ee5\u6cbb\u7406\u9009\u4e3e\u4ea7\u751f\u7684\u9a8c\u8bc1\u8005\u7f51\u7edc\u6267\u884c\u8de8\u94fe\u786e\u8ba4\u7684\u673a\u5236\uff0c\u56e0\u6b64\u8de8\u94fe\u6267\u884c\u4e0d\u518d\u662f\u4e00\u6761\u9ed1\u7bb1\u5f0f\u8def\u5f84\uff0c\u800c\u66f4\u50cf\u4e00\u7b14\u8d26\u52a1\u8c03\u6574\u5728\u8d26\u672c\u4e0a\u7684\u843d\u5730\u8fc7\u7a0b\uff0c\u6709\u8bf7\u6c42\u3001\u6709\u9a8c\u8bc1\u3001\u6709\u6267\u884c\u3001\u6709\u56de\u6267\uff0c\u5e76\u4e14\u5747\u53ef\u88ab\u67e5\u8bc1\u3002<\/p>\n<p>\u5728\u771f\u5b9e\u9879\u76ee\u4e2d\uff0c\u8fd9\u79cd\u7ed3\u6784\u7684\u91cd\u8981\u6027\u8fdc\u8d85\u6280\u672f\u5c42\u9762\u8003\u8651\u3002\u4f8b\u5982\u4e00\u5bb6\u9999\u6e2f\u6301\u724c\u6258\u7ba1\u673a\u6784\u5728 2024 \u5e74\u8fdb\u884c\u8de8\u94fe\u503a\u6743\u8d4e\u56de\u6d4b\u8bd5\u65f6\uff0c\u4ed6\u4eec\u6240\u9762\u4e34\u7684\u5e76\u4e0d\u662f\u6280\u672f\u80fd\u5426\u5b9e\u73b0\uff0c\u800c\u662f\u6700\u7ec8\u8fd4\u8fd8\u8def\u5f84\u662f\u5426\u5177\u5907\u53ef\u590d\u73b0\u903b\u8f91\u3002\u8d4e\u56de\u7533\u8bf7\u5728\u4ee5\u592a\u574a\u4fa7\u63d0\u4ea4\u540e\uff0c\u5e76\u4e0d\u4f1a\u7acb\u5373\u89e6\u53d1\u8d44\u4ea7\u4ea4\u4ed8\uff0c\u800c\u662f\u5f62\u6210\u8de8\u94fe\u72b6\u6001\u6307\u4ee4\uff0c\u7531\u9a8c\u8bc1\u8005\u7f51\u7edc\u8fbe\u6210\u5171\u8bc6\uff0c\u518d\u4f20\u9001\u5230\u76ee\u6807\u94fe\u7684 Gateway \u5408\u7ea6\u6267\u884c\u8d44\u91d1\u91ca\u653e\u3002\u6574\u4e2a\u8fc7\u7a0b\u4ece\u8bf7\u6c42\u53d1\u8d77\uff0c\u5230\u5176\u88ab\u9a8c\u8bc1\uff0c\u518d\u5230\u6267\u884c\u53d1\u751f\uff0c\u6240\u6709\u8282\u70b9\u5747\u88ab\u8bb0\u5f55\uff0c\u4f7f\u5f97\u6258\u7ba1\u7aef\u5728\u5e74\u5ea6\u5ba1\u8ba1\u9636\u6bb5\uff0c\u53ef\u4ee5\u6e05\u695a\u8bc1\u660e\u8d44\u91d1\u8fd4\u8fd8\u7684\u89e6\u53d1\u4e8b\u4ef6\u3001\u786e\u8ba4\u6761\u4ef6\u4e0e\u6267\u884c\u65f6\u95f4\u70b9\u4e4b\u95f4\u5b58\u5728\u4e25\u683c\u903b\u8f91\u94fe\u6761\u3002\u66f4\u76f4\u63a5\u7684\u53cd\u9988\u6765\u81ea\u673a\u6784\u6cd5\u52a1\u90e8\u95e8\uff0c\u4ed6\u4eec\u5728\u5bf9\u8de8\u94fe\u8d4e\u56de\u8fdb\u884c\u5ba1\u67e5\u65f6\u8ba4\u4e3a\uff0c\u53ea\u6709\u8fd9\u79cd\u53ef\u56de\u6eaf\u5f0f\u72b6\u6001\u843d\u5730\uff0c\u624d\u80fd\u6ee1\u8db3\u6301\u724c\u91d1\u878d\u673a\u6784\u6240\u9700\u7684\u771f\u5b9e\u8d23\u4efb\u951a\u70b9\u3002<\/p>\n<p>\u53e6\u4e00\u5bb6\u53c2\u4e0e\u53cc\u94fe\u6536\u76ca\u6743\u7ed3\u6784\u7684\u7f8e\u56fd\u57fa\u91d1\u7ba1\u7406\u4eba\u4e5f\u63d0\u5230\uff0c\u4ed6\u4eec\u5728\u521d\u671f\u66fe\u8bc4\u4f30\u8fc7\u70b9\u5bf9\u70b9\u6d88\u606f\u6865\u4ee5\u53ca\u4e2d\u5fc3\u5316\u8def\u7531\uff0c\u4f46\u6700\u7ec8\u653e\u5f03\uff0c\u539f\u56e0\u5f88\u7b80\u5355\uff1a\u8de8\u94fe\u6267\u884c\u4e00\u65e6\u4f9d\u8d56\u5355\u4e00\u8fd0\u8425\u8005\uff0c\u8d23\u4efb\u5e76\u4e0d\u5b58\u5728\u53ef\u5206\u644a\u7ed3\u6784\uff0c\u98ce\u9669\u65e0\u6cd5\u5728\u5408\u89c4\u5ba1\u8ba1\u4f53\u7cfb\u4e2d\u88ab\u62c6\u89e3\u8bf4\u660e\u3002\u76f8\u53cd\uff0c\u5728 Axelar \u6846\u67b6\u4e0b\uff0c\u6bcf\u4e00\u6b21\u8de8\u94fe\u843d\u5730\u90fd\u53ef\u4ee5\u5bf9\u5e94\u5230\u9a8c\u8bc1\u8005\u96c6\u5408\u7684\u6cbb\u7406\u884c\u4e3a\uff0c\u5e76\u5f62\u6210\u65f6\u95f4\u7a97\u53e3\uff0c\u8fd9\u610f\u5473\u7740\u51b3\u7b56\u94fe\u8def\u662f\u516c\u5f00\u53ef\u8bc1\u660e\u7684\uff0c\u800c\u4e0d\u662f\u51ed\u8fd0\u8425\u8005\u53e3\u5934\u8bf4\u660e\u3002\u5728\u4ed6\u4eec\u7684\u8868\u8ff0\u4e2d\uff0c\u8fd9\u79cd\u673a\u5236\u66f4\u63a5\u8fd1\u8d22\u52a1\u5ba1\u8ba1\u8bed\u8a00\uff0c\u800c\u4e0d\u662f\u5de5\u7a0b\u8bed\u8a00\u3002<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cAxelar \u7684\u8de8\u94fe\u6267\u884c\u5e76\u4e0d\u662f\u4e00\u6b21\u6027\u53ef\u9006\u52a8\u4f5c\uff0c\u800c\u5177\u6709\u5ef6\u65f6\u751f\u6548\u673a\u5236\uff0c\u5373\u67d0\u4e9b\u534f\u8bae\u5347\u7ea7\u3001\u6743\u9650\u53d8\u5316\u3001\u9a8c\u8bc1\u5bc6\u94a5\u8f6e\u6362\u90fd\u5fc5\u987b\u7ecf\u8fc7\u6cbb\u7406\u6d41\u7a0b\u5e76\u5ef6\u8fdf\u6267\u884c\u3002\u8fd9\u79cd\u5ef6\u8fdf\u673a\u5236\u53cd\u800c\u6210\u4e3a\u673a\u6784\u65b9\u8bc4\u4f30\u8de8\u94fe\u5b89\u5168\u7684\u91cd\u8981\u6307\u6807\u4e4b\u4e00\uff0c\u56e0\u4e3a\u5b83\u63d0\u4f9b\u4e86\u98ce\u9669\u5728\u6267\u884c\u524d\u53ef\u88ab\u77e5\u6653\u7684\u89c2\u5bdf\u7a97\u53e3\uff0c\u4e00\u4e2a\u8de8\u94fe\u6267\u884c\u82e5\u5b58\u5728\u6f5c\u5728\u6cbb\u7406\u4e89\u8bae\uff0c\u6258\u7ba1\u7aef\u53ef\u4ee5\u5728\u5347\u7ea7\u843d\u5730\u524d\u6682\u505c\u4e1a\u52a1\u914d\u5408\uff0c\u4ece\u800c\u907f\u514d\u5927\u989d\u8d44\u4ea7\u5728\u4e89\u8bae\u72b6\u6001\u4e0b\u88ab\u8fc1\u79fb\u3002\u800c\u8fd9\u5728\u7ed3\u6784\u5316\u8bc1\u5238\u7c7b\u3001\u5b9a\u671f\u4ed8\u606f\u7c7b RWA \u4e2d\u5177\u6709\u672c\u8d28\u98ce\u9669\u7f13\u91ca\u4ef7\u503c\u3002<\/p>\n<p>\u56de\u5230\u5e94\u7528\u573a\u666f\uff0c\u8de8\u94fe\u5e76\u4e0d\u662f\u4e3a\u4e86\u628a\u8d44\u4ea7\u4ece A \u94fe\u53d8\u6210 B \u94fe\uff0c\u800c\u662f\u4e3a\u4e86\u5141\u8bb8\u4e0d\u540c\u53c2\u4e0e\u65b9\u6309\u7167\u4e1a\u52a1\u804c\u8d23\u540c\u6b65\u8d26\u9762\u72b6\u6001\uff0c\u4f8b\u5982\u6536\u76ca\u6743\u6301\u6709\u4eba\u53d8\u66f4\u3001\u8d4e\u56de\u7533\u8bf7\u786e\u8ba4\u3001\u8d28\u62bc\u72b6\u6001\u89e3\u9664\u7b49\u3002\u5728\u4ee5\u5f80\u7684\u94fe\u4e0b\u6d41\u7a0b\u4e2d\uff0c\u8fd9\u4e9b\u52a8\u4f5c\u4f9d\u8d56\u90ae\u4ef6\u3001\u7cfb\u7edf\u8bb0\u5f55\u6216\u6258\u7ba1\u7cfb\u7edf\u5185\u90e8\u51ed\u8bc1\u5b8c\u6210\uff0c\u53cc\u65b9\u5747\u53ef\u4fee\u6539\u8bb0\u5f55\uff0c\u8d23\u4efb\u65e0\u6cd5\u56fa\u5316\u3002\u8de8\u94fe\u673a\u5236\u5c06\u72b6\u6001\u540c\u6b65\u4ece\u6d88\u606f\u901a\u77e5\u8f6c\u6210\u53ef\u9a8c\u8bc1\u4e8b\u4ef6\uff0c\u800c Axelar \u63d0\u4f9b\u7684\uff0c\u5c31\u662f\u8ba9\u8fd9\u4e00\u4e8b\u4ef6\u5177\u5907\u94fe\u7ea7\u5171\u8bc6\u7279\u5f81\uff0c\u800c\u4e0d\u662f\u534f\u8bae\u4e2d\u7ee7\u65b9\u81ea\u884c\u7b7e\u540d\u786e\u8ba4\u3002<\/p>\n<p>\u6211\u4eec\u5728\u8c03\u7814\u671f\u95f4\u53d1\u73b0\uff0c\u4e0d\u5c11\u9879\u76ee\u9009\u62e9 Axelar \u5e76\u975e\u56e0\u4e3a\u8d39\u7528\u4f4e\u6216\u5f00\u53d1\u95e8\u69db\u4f4e\uff0c\u800c\u662f\u56e0\u4e3a\u5728\u672a\u6765\u53ef\u80fd\u88ab\u76d1\u7ba1\u68c0\u67e5\u3001\u9700\u8981\u63d0\u4f9b\u5ba1\u8ba1\u8ffd\u8e2a\u7684\u60c5\u51b5\u4e0b\uff0c\u5b83\u80fd\u591f\u628a\u8de8\u94fe\u884c\u4e3a\u53d8\u6210\u5177\u6709\u660e\u786e\u8fb9\u754c\u3001\u8282\u70b9\u5747\u53ef\u5f52\u56e0\u7684\u884c\u4e3a\u8bb0\u5f55\u3002\u5728\u673a\u6784\u89c6\u89d2\u4e0b\uff0c\u8fd9\u662f\u8de8\u94fe\u4e2d\u6700\u96be\u88ab\u66ff\u4ee3\u7684\u80fd\u529b\uff0c\u56e0\u4e3a\u5b83\u4e0d\u662f\u6280\u672f\u521b\u65b0\uff0c\u800c\u662f\u8d23\u4efb\u7ed3\u6784\u4e0a\u7684\u6e05\u6670\u5316\u3002<\/p>\n<p>\u7efc\u4e0a\uff0cAxelar \u4e0d\u662f\u8de8\u94fe\u57fa\u7840\u8bbe\u65bd\u4e2d\u6700\u8f7b\u91cf\u3001\u4e5f\u4e0d\u662f\u6700\u4fbf\u5b9c\u7684\u4f53\u7cfb\uff0c\u4f46\u5b83\u66f4\u7b26\u5408\u5f53\u524d\u4ee5\u771f\u5b9e\u8d44\u4ea7\u4e3a\u5e95\u5c42\u7ed3\u6784\u7684\u94fe\u4e0a\u53d1\u884c\u903b\u8f91\uff1a\u53ef\u9a8c\u8bc1\u3001\u53ef\u8ffd\u8d23\u3001\u53ef\u590d\u73b0\uff0c\u5e76\u5177\u5907\u5411\u76d1\u7ba1\u89e3\u91ca\u5f97\u6e05\u7684\u5b8c\u6574\u94fe\u8def\u3002\u5728\u503a\u6743\u3001\u6536\u76ca\u5206\u914d\u3001\u7968\u636e\u786e\u6743\u7b49\u573a\u666f\u4e2d\uff0c\u8fd9\u79cd\u80fd\u529b\u610f\u5473\u7740\u8de8\u94fe\u4e0d\u662f\u4e00\u4e2a\u98ce\u9669\u70b9\uff0c\u800c\u6210\u4e3a\u63d0\u5347\u5408\u89c4\u786e\u5b9a\u6027\u7684\u73af\u8282\uff0c\u800c\u8fd9\u6b63\u662f\u673a\u6784\u613f\u610f\u8fc1\u79fb\u8d44\u4ea7\u5230\u8de8\u94fe\u4f53\u7cfb\u4e2d\u65f6\u6700\u6838\u5fc3\u7684\u51b3\u7b56\u4f9d\u636e\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/78f45ac2-74d7-4d16-a307-6d9ceab30c52\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe3\" \/><\/p>\n<p>\u534f\u8bae\u73b0\u72b6\u4e0e\u751f\u6001\u89c4\u6a21\u4e0e\u6d3b\u8dc3\u5ea6 (\u8bf4\u660e\u5176\u53ef\u884c\u6027)<\/p>\n<p>\u6839\u636e\u516c\u5f00\u8d44\u6599\uff0c\u622a\u81f3\u6700\u8fd1\uff0cAxelar \u5df2\u8fde\u63a5\u8d85\u8fc7 60 \u6761\u533a\u5757\u94fe (\u5305\u62ec\u4e3b\u6d41 EVM \u94fe\u3001Cosmos \u751f\u6001\u94fe\u7b49)\uff0c\u5176\u667a\u80fd\u5408\u7ea6\u3001SDK\u3001API \u96c6\u6210\u8d85\u8fc7 600 \u4e2a[3]\u3002\u6b64\u5916\uff0c\u636e\u516c\u5f00\u62ab\u9732\uff0c\u5176\u7f51\u7edc\u8de8\u94fe\u4ea4\u6613\u91cf\u4e0e\u4ea4\u6613\u7b14\u6570\u5df2\u8fbe\u5230\u8f83\u5927\u89c4\u6a21 (\u5177\u4f53\u6570\u503c\u6709\u591a\u4e2a\u6765\u6e90\uff0c\u4e0d\u540c\u65f6\u95f4\u6709\u6240\u5dee\u5f02\uff0c\u4f46\u53ef\u4f5c\u4e3a\u53c2\u8003)\u3002<\/p>\n<p>\u5178\u578b\u5e94\u7528<\/p>\n<p>\u67d0\u7f8e\u56fd\u673a\u6784\u7ea7\u6258\u7ba1\u5546\u4e0e Axelar \u5408\u4f5c\uff0c\u4f7f\u7528 Axelar Gateway\u4e0e Validator \u7f51\u7edc\uff0c\u5c06 Tokenized \u7684\u673a\u6784\u7ea7\u503a\u5238\u3001\u7968\u636e\u3001\u5e94\u6536\u8d26\u6b3e\u5728\u591a\u94fe (\u4f8b\u5982\u4ee5\u592a\u574a\u3001Polygon\u3001BNB Chain\u3001Cosmos \u94fe) \u4e4b\u95f4\u8fdb\u884c\u53d1\u884c\u3001\u5206\u53d1\u4e0e\u6e05\u7b97\u3002\u901a\u8fc7 Axelar GMP\uff0c\u8be5\u6258\u7ba1\u5546\u80fd\u591f\u5411\u591a\u4e2a\u94fe\u4e0a\u7684\u6258\u7ba1\u8d26\u6237\u540c\u65f6\u5e7f\u64ad\u8d4e\u56de\u3001\u5206\u7ea2\u3001\u6536\u76ca\u5206\u914d\u6216\u72b6\u6001\u540c\u6b65\u8bf7\u6c42\uff0c\u5b9e\u73b0\u8de8\u94fe\u5206\u53d1\uff0c\u5e76\u7531 Validator \u7f51\u7edc\u7edf\u4e00\u9a8c\u8bc1\u3001\u5171\u8bc6\u3001\u7b7e\u53d1\u4ea4\u6613\uff0c\u4ece\u800c\u786e\u4fdd\u8de8\u94fe\u5206\u53d1 \/\u6e05\u7b97\u6d41\u7a0b\u5b89\u5168\u3001\u7edf\u4e00\u3001\u53ef\u5ba1\u8ba1\u3002<\/p>\n<p>\u5bf9\u4e8e RWA \u9879\u76ee\u65b9\u800c\u8a00\uff0c\u8fd9\u79cd\u57fa\u4e8e Validator \u7f51\u7edc \u3001\u901a\u7528\u6d88\u606f\u4f20\u9012\u3001 \u5ba1\u8ba1\u53cb\u597d \u3001\u591a\u94fe\u8fde\u63a5\u7684\u65b9\u6848\uff0c\u662f\u4e00\u79cd\u517c\u987e\u7075\u6d3b\u6027\u3001\u6269\u5c55\u6027\u4e0e\u673a\u6784\u7ea7\u5b89\u5168\u3001\u5408\u89c4\u6027\u7684\u7406\u60f3\u8de8\u94fe\u57fa\u7840\u8bbe\u65bd\u9009\u9879\u3002<\/p>\n<p><strong>1.3.3 Wormhole \u5b89\u5168\u6a21\u578b\u7684\u518d\u5b9a\u4f4d\uff1a\u7531\u591a\u7b7e\u9a8c\u8bc1\u5411 ZK \u8f7b\u5ba2\u6237\u7aef\u7684\u5236\u5ea6\u6027\u6f14\u8fdb<\/strong><\/p>\n<p>\u5728\u8de8\u94fe\u57fa\u7840\u8bbe\u65bd\u7684\u6f14\u8fdb\u8fc7\u7a0b\u4e2d\uff0cWormhole \u4f5c\u4e3a\u6700\u65e9\u4e00\u6279\u88ab\u5e7f\u6cdb\u90e8\u7f72\u7684\u8de8\u94fe\u6865\u548c\u6d88\u606f\u4f20\u9012\u534f\u8bae\uff0c\u4e00\u76f4\u53d7\u5230\u793e\u533a\u4e0e\u673a\u6784\u5173\u6ce8\u3002\u65e9\u671f\uff0cWormhole \u7684\u9a8c\u8bc1\u5b89\u5168\u6a21\u578b\u4e3b\u8981\u4f9d\u8d56\u4e8e\u4e00\u7ec4\u79f0\u4e3a Guardians \u7684\u5b88\u62a4\u8005\/\u9a8c\u8bc1\u8282\u70b9\uff0c\u901a\u8fc7\u591a\u7b7e\u540d\uff08Guardians Committee\uff09\u5bf9\u8de8\u94fe\u6d88\u606f\u8fdb\u884c\u7b7e\u540d\u786e\u8ba4\u3002\u8fd9\u79cd\u9a8c\u8bc1\u673a\u5236\u5728\u6548\u7387\u548c\u751f\u6001\u8986\u76d6\u9762\u4e0a\u5177\u6709\u4f18\u52bf\uff0c\u4f46\u4e5f\u5e26\u6765\u4e86\u201c\u4fe1\u4efb\u5047\u8bbe\u96c6\u4e2d\u4e8e\u4e00\u7ec4\u9a8c\u8bc1\u8005\u201d\u8fd9\u4e00\u4f20\u7edf\u98ce\u9669\uff0c\u7279\u522b\u662f\u5728\u9ad8\u4ef7\u503c\u8d44\u4ea7\u573a\u666f\u4e0b\u8be5\u6a21\u578b\u66fe\u88ab\u8ba4\u4e3a\u5b58\u5728\u7cfb\u7edf\u6027\u5f31\u70b9\u3002<\/p>\n<p>\u8fd1\u5e74\u6765\uff0cWormhole \u5728\u5b89\u5168\u6a21\u578b\u4e0a\u505a\u51fa\u663e\u8457\u8c03\u6574\u5e76\u4e3b\u52a8\u63a8\u8fdb\u53bb\u4e2d\u5fc3\u5316\u4e0e\u96f6\u77e5\u8bc6\u8bc1\u660e\uff08ZK\uff09\u6280\u672f\u7684\u5e94\u7528\u3002\u5b98\u65b9\u53d1\u5e03\u7684 ZK \u8def\u7ebf\u56fe\u660e\u786e\u63d0\u51fa\uff0c\u901a\u8fc7\u5f15\u5165 ZK \u8f7b\u5ba2\u6237\u7aef\u548c\u76f8\u5173\u8bc1\u660e\u7cfb\u7edf\uff0c\u672a\u6765\u5c06\u9010\u6b65\u51cf\u5c11\u5bf9\u5355\u4e00\u5b88\u62a4\u8005\u7f51\u7edc\u7684\u4fe1\u4efb\u4f9d\u8d56\uff0c\u5e76\u63d0\u5347\u6d88\u606f\u9a8c\u8bc1\u7684\u53bb\u4fe1\u4efb\u5316\u7a0b\u5ea6\u3002\u8be5 ZK \u8def\u7ebf\u56fe\u548c\u6280\u672f\u5408\u4f5c\u8ba1\u5212\u4e2d\uff0cWormhole \u4e0e\u591a\u4e2a ZK \u5bc6\u7801\u5b66\u56e2\u961f\u5408\u4f5c\u5f00\u53d1\u80fd\u591f\u201c\u8bc1\u660e\u94fe\u72b6\u6001\u800c\u65e0\u9700\u4f9d\u8d56\u4f20\u7edf\u9a8c\u8bc1\u5047\u8bbe\u201d\u7684\u8f7b\u5ba2\u6237\u7aef\u65b9\u6848\uff0c\u65e8\u5728\u5c06\u52a0\u5bc6\u8bc1\u660e\u96c6\u6210\u5230\u8de8\u94fe\u6d88\u606f\u9a8c\u8bc1\u6d41\u7a0b\u4e2d\uff0c\u4ece\u800c\u5f3a\u5316\u534f\u8bae\u7684\u5b89\u5168\u6027\u4e0e\u72ec\u7acb\u9a8c\u8bc1\u80fd\u529b\u3002\u76f8\u5173\u5b98\u65b9\u535a\u5ba2\u548c\u5f00\u53d1\u8005\u8def\u7ebf\u56fe\u53ef\u67e5\u9605 Wormhole \u57fa\u91d1\u4f1a\u53d1\u5e03\u7684\u6280\u672f\u66f4\u65b0\u6750\u6599[8]\u3002<\/p>\n<p>\u5177\u4f53\u6765\u770b\uff0cWormhole \u7684 ZK \u9a8c\u8bc1\u63a8\u8fdb\u6db5\u76d6\u4e24\u4e2a\u65b9\u5411\uff1a\u4e00\u662f\u5f00\u53d1\u9488\u5bf9\u4ee5\u592a\u574a\u548c\u5176\u4ed6\u94fe\u7684 ZK \u8f7b\u5ba2\u6237\u7aef\uff0c\u4f7f\u76ee\u6807\u94fe\u80fd\u591f\u901a\u8fc7\u52a0\u5bc6\u8bc1\u660e\u76f4\u63a5\u9a8c\u8bc1\u6e90\u94fe\u72b6\u6001\u53d8\u5316\uff0c\u800c\u65e0\u9700\u5168\u90e8\u4f9d\u8d56\u5b88\u62a4\u8005\u7b7e\u540d\uff1b\u4e8c\u662f\u901a\u8fc7\u8d44\u52a9\u548c\u5f15\u5165\u5305\u62ec Lurk Lab\u3001Zpoken \u7b49\u5728\u5185\u7684 ZK \u56e2\u961f\uff0c\u63a8\u52a8\u6784\u5efa\u66f4\u5177\u901a\u7528\u6027\u7684 ZK \u8bc1\u660e\u7cfb\u7edf\uff0c\u8be5\u7cfb\u7edf\u8ba1\u5212\u8986\u76d6\u591a\u6761\u94fe\uff08\u5982 Aptos\u3001Sui\u3001NEAR\u3001Cosmos \u7b49\uff09\uff0c\u4ece\u800c\u5b9e\u73b0\u771f\u6b63\u7684\u53bb\u4e2d\u5fc3\u5316\u8de8\u94fe\u9a8c\u8bc1\u3002Wormhole \u57fa\u91d1\u4f1a\u4e0e Succinct \u56e2\u961f\u7684\u5408\u4f5c\uff0c\u5c31\u662f\u5176\u4e2d\u4e00\u4e2a\u660e\u786e\u7684\u6280\u672f\u8fdb\u5c55\u65b9\u5411\uff0c\u76ee\u6807\u662f\u7528\u96f6\u77e5\u8bc6\u8bc1\u660e\u66ff\u4ee3\u6216\u8865\u5f3a\u539f\u6709\u7684\u4fe1\u4efb\u5047\u8bbe\uff0c\u4f7f\u5f97\u534f\u8bae\u7684\u9a8c\u8bc1\u8def\u5f84\u66f4\u63a5\u8fd1\u6570\u5b66\u8bc1\u660e\u800c\u975e\u5355\u4e00\u4fe1\u4efb\u3002<\/p>\n<p>\u8fd9\u4e00\u53d1\u5c55\u8def\u5f84\u8868\u660e\uff0cWormhole \u5e76\u672a\u505c\u7559\u5728\u4f20\u7edf Guardian \u591a\u7b7e\u540d\u9a8c\u8bc1\u6a21\u578b\uff0c\u800c\u662f\u5728\u79ef\u6781\u63a2\u7d22\u5e76\u96c6\u6210\u66f4\u5f3a\u7684\u52a0\u5bc6\u9a8c\u8bc1\u673a\u5236\u3002ZK \u8f7b\u5ba2\u6237\u7aef\u548c\u8bc1\u660e\u8def\u5f84\u4e00\u65e6\u6210\u719f\uff0c\u5c06\u4f1a\u5728\u4e24\u4e2a\u5c42\u9762\u6539\u5584\u73b0\u72b6\uff1a\u4e00\u662f\u63d0\u9ad8\u8de8\u94fe\u6d88\u606f\u4f20\u9012\u7684\u5b89\u5168\u8fb9\u9645\uff0c\u4f7f\u5f97\u8d44\u4ea7\u8de8\u94fe\u65f6\u65e0\u9700\u5b8c\u5168\u4fe1\u4efb\u67d0\u4e2a\u5c0f\u8303\u56f4\u7684\u9a8c\u8bc1\u8282\u70b9\uff1b\u4e8c\u662f\u589e\u5f3a\u534f\u8bae\u7684\u53ef\u7ec4\u5408\u6027\u548c\u53ef\u5ba1\u8ba1\u6027\uff0c\u4f7f\u5f97\u6e05\u7b97\u76f8\u5173\u7684\u8de8\u94fe\u6d88\u606f\u5177\u5907\u66f4\u5f3a\u7684\u53ef\u9a8c\u8bc1\u57fa\u7840\uff0c\u4ece\u800c\u66f4\u5bb9\u6613\u7eb3\u5165\u673a\u6784\u7ea7\u5ba1\u8ba1\u4f53\u7cfb\u3002\u8fd9\u4e00\u8d8b\u52bf\u5728\u4e1a\u5185\u88ab\u89c6\u4e3a\u8de8\u94fe\u534f\u8bae\u4ece\u201c\u4fe1\u4efb\u5047\u8bbe\u9a71\u52a8\u201d\u5411\u201c\u8bc1\u636e\u9a71\u52a8\u201d\u6f14\u8fdb\u7684\u91cd\u8981\u6807\u5fd7\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0cWormhole \u4ecd\u4fdd\u7559\u4f20\u7edf Guardian \u6a21\u5f0f\u4f5c\u4e3a\u4e00\u79cd\u57fa\u7840\u8def\u5f84\uff0c\u5e76\u901a\u8fc7\u6301\u7eed\u7684\u751f\u6001\u5408\u4f5c\u548c\u6cbb\u7406\u53bb\u4e2d\u5fc3\u5316\u52aa\u529b\u63d0\u5347\u6574\u4f53\u7cfb\u7edf\u97e7\u6027\uff0c\u4f8b\u5982\u5176\u5728\u591a\u4e2a EVM \u517c\u5bb9\u94fe\u4e0a\u63a8\u51fa MultiGov \u6cbb\u7406\u6846\u67b6\uff0c\u4f7f\u5f97\u4ee3\u5e01\u6301\u6709\u8005\u80fd\u591f\u53c2\u4e0e\u6cbb\u7406\u51b3\u7b56\uff0c\u4ece\u800c\u63a8\u52a8\u5b89\u5168\u6027\u548c\u53c2\u6570\u66f4\u65b0\u7684\u53bb\u4e2d\u5fc3\u5316\u8fdb\u7a0b\u3002\u867d\u7136\u8fd9\u4e9b\u4f20\u7edf\u673a\u5236\u65e9\u671f\u56e0\u5355\u70b9\u4fe1\u4efb\u5f15\u53d1\u8fc7\u5b89\u5168\u4e8b\u4ef6\uff0c\u4f46\u5b83\u4eec\u76ee\u524d\u4ecd\u5728\u4f5c\u4e3a\u534f\u8bae\u73b0\u9636\u6bb5\u7684\u91cd\u8981\u7ec4\u6210\u90e8\u5206\u88ab\u5e94\u7528\uff0c\u800c\u65b0\u7684 ZK \u6280\u672f\u8def\u7ebf\u53ca\u793e\u533a\u534f\u4f5c\u6b63\u5728\u4e3a\u534f\u8bae\u5f15\u5165\u72ec\u7acb\u7684\u9a8c\u8bc1\u8def\u5f84\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u5728\u8bc4\u4f30 Wormhole \u9002\u7528\u4e8e\u673a\u6784\u7ea7 RWA \u7ed3\u6784\u65f6\u4e0d\u80fd\u7b80\u5355\u5730\u5c06\u5176\u5b9a\u4f4d\u4e3a\u591a\u7b7e\u4e0e PoA \u96c6\u4e2d\u6a21\u578b\u7684\u4ee3\u8868\u3002\u8fd1\u5e74\u6765\u534f\u8bae\u5728\u63a8\u8fdb ZK \u8f7b\u5ba2\u6237\u7aef\u548c\u8bc1\u660e\u7cfb\u7edf\u65b9\u9762\u7684\u52aa\u529b\u6b63\u5728\u6539\u53d8\u8fd9\u4e00\u5b9a\u4f4d\u3002\u5177\u4f53\u6765\u8bb2\uff0c\u6700\u65b0\u7684\u8de8\u94fe\u5b89\u5168\u6a21\u578b\u6784\u5efa\u5e76\u4e0d\u518d\u4ec5\u4ec5\u4f9d\u8d56\u5b88\u62a4\u8005\u7b7e\u540d\u96c6\u4f53\uff0c\u800c\u662f\u5411\u7740\u66f4\u5f3a\u7684\u52a0\u5bc6\u8bc1\u660e\u4e0e\u53bb\u4fe1\u4efb\u5316\u8def\u5f84\u53d1\u5c55\uff0c\u8fd9\u5bf9\u4e8e\u63d0\u9ad8\u8de8\u94fe\u6e05\u7b97\u6d88\u606f\u72ec\u7acb\u6027\u548c\u53ef\u5ba1\u8ba1\u6027\u5177\u6709\u73b0\u5b9e\u610f\u4e49\u3002\u7136\u800c\uff0c\u4ece\u76ee\u524d\u8fdb\u5c55\u6765\u770b\uff0c\u8fd9\u4e00 ZK \u9a8c\u8bc1\u80fd\u529b\u4ecd\u5904\u4e8e\u9010\u6b65\u5b9e\u73b0\u8fc7\u7a0b\u4e4b\u4e2d\uff0c\u5176\u6210\u719f\u5ea6\u4e0e\u53ef\u91cf\u4ea7\u6027\u5c1a\u9700\u65f6\u95f4\u9a8c\u8bc1\uff0c\u56e0\u6b64\u5728\u9ad8\u4ef7\u503c RWA \u7684\u4e3b\u6e05\u7b97\u8def\u5f84\u4e2d\u91c7\u7528\u65f6\u4ecd\u9700\u7efc\u5408\u8003\u8651\u73b0\u9636\u6bb5\u7684\u9a8c\u8bc1\u4fdd\u969c\u6c34\u5e73\u3001\u6210\u719f\u5ea6\u4ee5\u53ca\u5408\u89c4\u5ba1\u8ba1\u8981\u6c42\u3002<\/p>\n<h4 align=\"center\">1.4 \u4e09\u5927\u534f\u8bae\u5bf9 RWA \u6e05\u7b97\u5173\u952e\u80fd\u529b\u7684\u5339\u914d\u5ea6<\/h4>\n<p>\u5728\u524d\u9762\u5256\u6790\u5404\u534f\u8bae\u67b6\u6784\u4e0e\u5b89\u5168\u6a21\u578b\u4e4b\u540e\uff0c\u672c\u8282\u901a\u8fc7\u4e00\u4e2a\u534f\u8bae\u5b89\u5168\u80fd\u529b\u4e0eRWA \u6e05\u7b97\u9700\u6c42\u7684\u5bf9\u6bd4\u77e9\u9635\u6765\u8bc4\u4f30\u5b83\u4eec\u5404\u81ea\u5bf9\u673a\u6784\u7ea7 RWA \u6e05\u7b97\u3001\u6d41\u901a\u3001\u5206\u53d1\u7684\u9002\u914d\u7a0b\u5ea6\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/d8e3771b-4f88-4eae-ae48-ff281b44d051\" width=\"1080\" height=\"720\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe4\" \/><\/p>\n<p>\u4ece\u673a\u6784\u7ea7 RWA \u7684\u89c6\u89d2\u51fa\u53d1\uff0c\u5bf9 LayerZero\u3001Axelar \u4e0e Wormhole \u7684\u53d6\u820d\u672c\u8d28\u4e0a\u5e76\u4e0d\u662f\u201c\u54ea\u4e2a\u8de8\u94fe\u534f\u8bae\u66f4\u597d\u201d\uff0c\u800c\u662f\u201c\u54ea\u4e2a\u534f\u8bae\u7684\u5b89\u5168\u6a21\u578b\u3001\u8d23\u4efb\u7ed3\u6784\u4e0e\u6e05\u7b97\u786e\u5b9a\u6027\uff0c\u80fd\u591f\u4e0e\u771f\u5b9e\u8d44\u4ea7\u6240\u8981\u6c42\u7684\u6cd5\u5f8b\u4e0e\u91d1\u878d\u79e9\u5e8f\u76f8\u5339\u914d\u201d\u3002\u5728\u9ad8\u4ef7\u503c RWA \u573a\u666f\u4e0b\uff0c\u8de8\u94fe\u5e76\u4e0d\u662f\u4e00\u4e2a\u5355\u7eaf\u7684\u6280\u672f\u8def\u7531\u95ee\u9898\uff0c\u800c\u662f\u6e05\u7b97\u8d23\u4efb\u3001\u8d44\u4ea7\u6700\u7ec8\u6027\u4e0e\u5ba1\u8ba1\u53ef\u590d\u73b0\u6027\u7684\u5ef6\u4f38\u3002\u56e0\u6b64\uff0c\u5f53\u8de8\u94fe\u5f00\u59cb\u627f\u62c5\u201c\u8d44\u4ea7\u72b6\u6001\u53d8\u66f4\u201d\u8fd9\u4e00\u6838\u5fc3\u91d1\u878d\u804c\u80fd\u65f6\uff0c\u5176\u5b89\u5168\u6a21\u578b\u5c31\u5fc5\u987b\u4ece DeFi \u8bed\u5883\u4e2d\u7684\u5bb9\u9519\u578b\u53ef\u4fe1\u8dc3\u8fc1\u4e3a\u673a\u6784\u8bed\u5883\u4e0b\u7684\u53ef\u5f52\u8d23\u578b\u53ef\u4fe1\u3002<\/p>\n<p>\u4ece\u8fd9\u4e00\u6807\u51c6\u51fa\u53d1\uff0cLayerZero \u4e0e Axelar \u5728\u673a\u6784\u7ea7\u8de8\u94fe\u6e05\u7b97\u4e0e\u53d1\u884c\u7ed3\u6784\u4e2d\u7684\u9002\u914d\u6027\u660e\u663e\u9ad8\u4e8e Wormhole\u3002LayerZero \u7684\u4f18\u52bf\u4e0d\u5728\u4e8e\u5176\u6280\u672f\u590d\u6742\u5ea6\uff0c\u800c\u5728\u4e8e\u5176\u9a8c\u8bc1\u8def\u5f84\u9ad8\u5ea6\u53ef\u914d\u7f6e\uff0c\u8fd9\u610f\u5473\u7740\u9879\u76ee\u65b9\u53ef\u4ee5\u6839\u636e\u8d44\u4ea7\u89c4\u6a21\u3001\u6cd5\u5f8b\u8d23\u4efb\u7ed3\u6784\u4e0e\u5ba1\u8ba1\u8981\u6c42\uff0c\u81ea\u4e3b\u8bbe\u8ba1\u591a\u91cd\u9a8c\u8bc1\u5668\u3001\u72ec\u7acb Relayer\u3001Oracle \u4ee5\u53ca DVN \u7ec4\u5408\u8def\u5f84\uff0c\u5c06\u201c\u8de8\u94fe\u662f\u5426\u6210\u7acb\u201d\u8fd9\u4e00\u5224\u65ad\u4ece\u5355\u70b9\u4fe1\u4efb\u8f6c\u5316\u4e3a\u53ef\u5ba1\u8ba1\u3001\u53ef\u5206\u8d23\u3001\u53ef\u56de\u6eaf\u7684\u591a\u5c42\u9a8c\u8bc1\u4f53\u7cfb\u3002\u5bf9\u4e8e\u9700\u8981\u627f\u8f7d\u8d4e\u56de\u3001\u6e05\u7b97\u3001\u73b0\u91d1\u6d41\u5206\u914d\u4e0e\u6258\u7ba1\u8bc1\u660e\u7684 RWA \u9879\u76ee\u800c\u8a00\uff0c\u8fd9\u79cd\u7ed3\u6784\u7684\u4ef7\u503c\u4e0d\u5728\u4e8e\u63d0\u5347\u6210\u529f\u7387\uff0c\u800c\u5728\u4e8e\u4f7f\u6bcf\u4e00\u6b21\u8de8\u94fe\u884c\u4e3a\u90fd\u80fd\u591f\u88ab\u62c6\u89e3\u4e3a\u72ec\u7acb\u3001\u53ef\u9a8c\u8bc1\u7684\u8d23\u4efb\u5355\u5143\uff0c\u4ece\u800c\u6ee1\u8db3\u673a\u6784\u5bf9\u6700\u7ec8\u6027\u4e0e\u53ef\u8ffd\u8d23\u6027\u7684\u8981\u6c42\u3002<\/p>\n<p>Axelar \u5219\u4ee3\u8868\u4e86\u53e6\u4e00\u79cd\u66f4\u504f\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u5316\u7684\u8def\u5f84\u3002\u5176\u57fa\u4e8e PoS \u9a8c\u8bc1\u5668\u7f51\u7edc\u7684\u5171\u8bc6\u7ed3\u6784\uff0c\u4f7f\u8de8\u94fe\u6d88\u606f\u5728\u6cd5\u5f8b\u4e0e\u5408\u89c4\u8bed\u5883\u4e2d\u66f4\u63a5\u8fd1\u4e00\u79cd\u201c\u5206\u5e03\u5f0f\u6e05\u7b97\u59d4\u5458\u4f1a\u201d\u7684\u89d2\u8272\u3002\u9a8c\u8bc1\u5668\u7684\u51c6\u5165\u673a\u5236\u3001\u6cbb\u7406\u6d41\u7a0b\u3001\u5347\u7ea7\u5ef6\u8fdf\u673a\u5236\u4e0e\u94fe\u4e0a\u5ba1\u8ba1\u75d5\u8ff9\uff0c\u4e3a\u673a\u6784\u63d0\u4f9b\u4e86\u76f8\u5bf9\u6e05\u6670\u7684\u8d23\u4efb\u951a\u70b9\u3002\u8fd9\u79cd\u6a21\u5f0f\u5728\u9700\u8981\u5927\u89c4\u6a21\u3001\u591a\u94fe\u53d1\u884c\u3001\u590d\u6742\u4e1a\u52a1\u903b\u8f91\u8054\u52a8\uff08\u4f8b\u5982\u6536\u76ca\u5206\u914d\u3001\u8de8\u94fe\u8d4e\u56de\u901a\u77e5\u3001\u72b6\u6001\u540c\u6b65\uff09\u7684\u573a\u666f\u4e0b\u5c24\u4e3a\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u4e0d\u4ec5\u89e3\u51b3\u4e86\u6d88\u606f\u4f20\u9012\u95ee\u9898\uff0c\u66f4\u89e3\u51b3\u4e86\u201c\u8c01\u5bf9\u6e05\u7b97\u7ed3\u679c\u8d1f\u8d23\u201d\u7684\u5236\u5ea6\u95ee\u9898\u3002\u5bf9\u4e8e\u94f6\u884c\u3001\u6258\u7ba1\u673a\u6784\u3001\u5ba1\u8ba1\u5e08\u4e0e\u76d1\u7ba1\u65b9\u800c\u8a00\uff0c\u8fd9\u79cd\u5177\u5907\u6cbb\u7406\u7ed3\u6784\u4e0e\u5386\u53f2\u8f68\u8ff9\u7684\u8de8\u94fe\u4f53\u7cfb\uff0c\u663e\u7136\u6bd4\u7eaf\u6280\u672f\u6865\u66f4\u5bb9\u6613\u88ab\u7eb3\u5165\u73b0\u6709\u5408\u89c4\u6846\u67b6\u3002<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0cWormhole \u5728\u67b6\u6784\u8bbe\u8ba1\u4e0a\u66f4\u63a5\u8fd1\u9ad8\u6027\u80fd\u8de8\u94fe\u901a\u4fe1\u7f51\u7edc\uff0c\u800c\u975e\u201c\u8de8\u94fe\u6e05\u7b97\u57fa\u7840\u8bbe\u65bd\u201d\u3002\u5176 Guardian \u7b7e\u540d\u6a21\u578b\u5728\u6548\u7387\u3001\u94fe\u8986\u76d6\u8303\u56f4\u548c\u6210\u672c\u63a7\u5236\u4e0a\u5177\u5907\u660e\u663e\u4f18\u52bf\uff0c\u8fd9\u4e5f\u662f\u5176\u5728 DeFi \u8d44\u4ea7\u8de8\u94fe\u3001NFT \u8de8\u94fe\u548c\u9ad8\u9891\u8d44\u4ea7\u8fc1\u79fb\u4e2d\u88ab\u5e7f\u6cdb\u91c7\u7528\u7684\u6838\u5fc3\u539f\u56e0\u3002\u7136\u800c\uff0c\u5f53\u5176\u88ab\u76f4\u63a5\u7528\u4e8e\u9ad8\u4ef7\u503c RWA \u7684\u8de8\u94fe\u6e05\u7b97\u6216\u8d4e\u56de\u8def\u5f84\u65f6\uff0c\u5176\u5b89\u5168\u6a21\u578b\u6240\u9690\u542b\u7684\u96c6\u4e2d\u7b7e\u540d\u4fe1\u4efb\u5047\u8bbe\u4e0e\u5386\u53f2\u653b\u51fb\u4e8b\u4ef6\u6240\u66b4\u9732\u51fa\u7684\u7cfb\u7edf\u6027\u98ce\u9669\uff0c\u4f1a\u663e\u8457\u653e\u5927\u673a\u6784\u7684\u98ce\u9669\u655e\u53e3\u3002\u5728\u771f\u5b9e\u8d44\u4ea7\u8bed\u5883\u4e0b\uff0c\u4e00\u6b21\u8de8\u94fe\u5931\u8d25\u5e76\u4e0d\u4ec5\u4ec5\u610f\u5473\u7740\u8d44\u91d1\u635f\u5931\uff0c\u66f4\u53ef\u80fd\u610f\u5473\u7740\u6cd5\u5f8b\u8d23\u4efb\u5931\u5e8f\u3001\u8d44\u4ea7\u6743\u5c5e\u4e89\u8bae\u548c\u5ba1\u8ba1\u94fe\u8def\u65ad\u88c2\uff0c\u8fd9\u79cd\u540e\u679c\u663e\u7136\u8d85\u51fa\u4e86\u5927\u591a\u6570\u673a\u6784\u7684\u98ce\u9669\u5bb9\u5fcd\u533a\u95f4\u3002\u56e0\u6b64\uff0cWormhole \u66f4\u9002\u5408\u4f5c\u4e3a\u591a\u94fe\u6d41\u901a\u5c42\u6216\u4f4e\u4ef7\u503c\u8d44\u4ea7\u7684\u8de8\u94fe\u901a\u9053\uff0c\u800c\u4e0d\u5e94\u627f\u62c5\u9ad8\u4ef7\u503c RWA \u7684\u6838\u5fc3\u6e05\u7b97\u4e0e\u8d4e\u56de\u804c\u80fd\u3002<\/p>\n<p>\u5728\u6e05\u7b97\u6700\u7ec8\u6027\u8981\u6c42\u6781\u9ad8\u7684\u573a\u666f\u4e2d\uff0c\u4f8b\u5982\u6d89\u53ca\u672c\u91d1\u5151\u4ed8\u3001\u73b0\u91d1\u6d41\u5206\u914d\u3001\u6258\u7ba1\u8d44\u4ea7\u8d4e\u56de\u6216\u5408\u89c4\u5ba1\u8ba1\u95ed\u73af\u7684 RWA \u7ed3\u6784\uff0cLayerZero V2 \u4e0e Axelar \u5747\u66f4\u5177\u5236\u5ea6\u9002\u914d\u6027\u3002\u5c24\u5176\u662f LayerZero\uff0c\u5728\u5408\u7406\u914d\u7f6e\u591a\u9a8c\u8bc1\u8282\u70b9\u3001\u72ec\u7acb Relayer\u3001Oracle \u4ee5\u53ca\u7ecf\u5ba1\u8ba1\u7684 Endpoint \u5408\u7ea6\u4e4b\u540e\uff0c\u53ef\u4ee5\u5728\u4fdd\u6301\u67b6\u6784\u7075\u6d3b\u6027\u7684\u540c\u65f6\uff0c\u5c06\u8de8\u94fe\u9a8c\u8bc1\u8fc7\u7a0b\u62c6\u89e3\u4e3a\u53ef\u63a7\u3001\u53ef\u590d\u6838\u7684\u591a\u5c42\u7ed3\u6784\uff0c\u4f7f\u5176\u66f4\u63a5\u8fd1\u4e00\u79cd\u201c\u53ef\u7f16\u6392\u7684\u6e05\u7b97\u8bc1\u660e\u7cfb\u7edf\u201d\uff0c\u800c\u975e\u5355\u4e00\u6280\u672f\u6865\u3002\u8fd9\u4e00\u70b9\u5bf9\u4e8e\u9700\u8981\u63a5\u53d7\u5916\u90e8\u5ba1\u8ba1\u3001\u6258\u7ba1\u94f6\u884c\u5ba1\u67e5\u4ee5\u53ca\u76d1\u7ba1\u6838\u67e5\u7684\u9879\u76ee\u800c\u8a00\uff0c\u5177\u6709\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n<p>\u4ece\u4e1a\u52a1\u6269\u5c55\u6027\u4e0e\u590d\u6742\u903b\u8f91\u652f\u6301\u80fd\u529b\u6765\u770b\uff0cAxelar \u7684 Generalized Message Passing \u673a\u5236\u4e0e\u9a8c\u8bc1\u5668\u7f51\u7edc\u7ed3\u6784\u5728\u8de8\u94fe\u5408\u7ea6\u8c03\u7528\u3001\u72b6\u6001\u540c\u6b65\u4ee5\u53ca\u590d\u6742\u6e05\u7b97\u6d41\u7a0b\u7f16\u6392\u4e2d\u5177\u6709\u660e\u663e\u4f18\u52bf\u3002\u5bf9\u4e8e\u9700\u8981\u540c\u65f6\u5728\u591a\u94fe\u90e8\u7f72\u53d1\u884c\u3001\u540c\u65f6\u5904\u7406\u591a\u5e01\u79cd\u6e05\u7b97\u3001\u540c\u65f6\u8fdb\u884c\u6536\u76ca\u5206\u914d\u4e0e\u8d4e\u56de\u7ba1\u7406\u7684 RWA \u9879\u76ee\u800c\u8a00\uff0cAxelar \u66f4\u63a5\u8fd1\u4e00\u4e2a\u201c\u8de8\u94fe\u6e05\u7b97\u603b\u7ebf\u201d\uff0c\u800c\u975e\u5355\u70b9\u6865\u63a5\u5de5\u5177\uff0c\u5176\u7cfb\u7edf\u6027\u4e0e\u53ef\u6cbb\u7406\u6027\u4f7f\u5176\u5728\u5927\u578b\u7ed3\u6784\u5316\u53d1\u884c\u4e2d\u66f4\u5177\u53ef\u6301\u7eed\u6027\u3002<\/p>\n<p>\u7efc\u5408\u6765\u770b\uff0c\u5982\u679c\u9879\u76ee\u89c4\u6a21\u8fbe\u5230\u5343\u4e07\u81f3\u4e0a\u4ebf\u7f8e\u5143\u91cf\u7ea7\uff0c\u5e76\u4e14\u9700\u8981\u540c\u65f6\u6ee1\u8db3\u6cd5\u5f8b\u5408\u89c4\u3001\u6258\u7ba1\u5bf9\u63a5\u3001\u5ba1\u8ba1\u53ef\u590d\u73b0\u3001\u8d4e\u56de\u786e\u5b9a\u6027\u4ee5\u53ca\u8de8\u94fe\u8d44\u4ea7\u53ef\u8ffd\u8e2a\u6027\u7b49\u8981\u6c42\uff0cLayerZero\uff08\u5c24\u5176\u662f V2 \u67b6\u6784\uff09\u4e0e Axelar \u90fd\u5e94\u88ab\u89c6\u4e3a\u4f18\u5148\u7ea7\u66f4\u9ad8\u7684\u57fa\u7840\u8bbe\u65bd\u9009\u62e9\uff0c\u5176\u6210\u672c\u66f4\u9ad8\u3001\u7ed3\u6784\u66f4\u590d\u6742\uff0c\u4f46\u6240\u6362\u53d6\u7684\u662f\u6e05\u7b97\u4e0e\u8d23\u4efb\u4f53\u7cfb\u7684\u7a33\u5b9a\u6027\u3002\u800c\u5982\u679c\u9879\u76ee\u76ee\u6807\u662f\u5feb\u901f\u94fa\u8bbe\u591a\u94fe\u6d41\u901a\u7f51\u7edc\u3001\u5f3a\u8c03\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\u6df1\u5ea6\u3001\u5bf9\u8d44\u4ea7\u89c4\u6a21\u4e0e\u6e05\u7b97\u786e\u5b9a\u6027\u7684\u8981\u6c42\u76f8\u5bf9\u8f83\u4f4e\uff0c\u5219 Wormhole \u4ecd\u5177\u6709\u73b0\u5b9e\u610f\u4e49\uff0c\u4f46\u5176\u9002\u7528\u8303\u56f4\u5e94\u88ab\u4e25\u683c\u9650\u5b9a\u5728\u4f4e\u91d1\u989d\u3001\u9ad8\u6d41\u52a8\u6027\u3001\u77ed\u5468\u671f\u8d44\u4ea7\u4e4b\u5185\uff0c\u4e0d\u5b9c\u627f\u62c5\u9ad8\u4ef7\u503c\u8d44\u4ea7\u7684\u4e3b\u6e05\u7b97\u8def\u5f84\u3002<\/p>\n<p>\u5728\u66f4\u6210\u719f\u7684\u673a\u6784\u7ea7\u67b6\u6784\u4e2d\uff0c\u5355\u4e00\u534f\u8bae\u5f80\u5f80\u65e0\u6cd5\u8986\u76d6\u6240\u6709\u9700\u6c42\uff0c\u56e0\u6b64\u201c\u591a\u534f\u8bae\u6df7\u5408\u7ed3\u6784\u201d\u53cd\u800c\u662f\u66f4\u5177\u73b0\u5b9e\u53ef\u884c\u6027\u7684\u65b9\u6848\u3002\u5178\u578b\u8bbe\u8ba1\u662f\u5c06\u6838\u5fc3\u6e05\u7b97\u3001\u8d4e\u56de\u4e0e\u9ad8\u4ef7\u503c\u8d44\u4ea7\u8de8\u94fe\u4ea4\u7531 LayerZero \u6216 Axelar \u8d1f\u8d23\uff0c\u800c\u5c06\u4e8c\u7ea7\u6d41\u901a\u3001\u4f4e\u4ef7\u503c\u8d44\u4ea7\u8f6c\u79fb\u6216\u591a\u94fe\u5206\u53d1\u4ea4\u7531 Wormhole \u6216\u5176\u4ed6\u9ad8\u6027\u80fd\u6865\u627f\u62c5\u3002\u5173\u952e\u5e76\u4e0d\u5728\u4e8e\u6280\u672f\u7ec4\u5408\u672c\u8eab\uff0c\u800c\u5728\u4e8e\u5fc5\u987b\u5728\u6cd5\u5f8b\u7ed3\u6784\u4e0e\u5ba1\u8ba1\u8def\u5f84\u4e0a\u6e05\u6670\u533a\u5206\u54ea\u4e9b\u8de8\u94fe\u884c\u4e3a\u6d89\u53ca\u771f\u5b9e\u8d44\u4ea7\u6743\u5c5e\u53d8\u66f4\uff0c\u54ea\u4e9b\u4ec5\u6d89\u53ca\u884d\u751f Token \u7684\u6d41\u901a\uff0c\u5e76\u5728\u5408\u7ea6\u3001\u6258\u7ba1\u534f\u8bae\u4e0e\u4fe1\u606f\u62ab\u9732\u4e2d\u5c06\u8fd9\u4e24\u7c7b\u884c\u4e3a\u4e25\u683c\u5206\u5c42\u3002\u53ea\u6709\u5728\u8fd9\u79cd\u524d\u63d0\u4e0b\uff0c\u8de8\u94fe\u67b6\u6784\u624d\u80fd\u771f\u6b63\u670d\u52a1\u4e8e RWA \u7684\u91d1\u878d\u5c5e\u6027\uff0c\u800c\u4e0d\u662f\u53cd\u8fc7\u6765\u8ba9\u771f\u5b9e\u8d44\u4ea7\u53bb\u9002\u5e94 DeFi \u5f0f\u7684\u6280\u672f\u5047\u8bbe\u3002<\/p>\n<h3 align=\"center\">02\u3001\u8de8\u94fe RWA \u6e05\u7b97\u7684\u7ed3\u6784\u5316\u8bbe\u8ba1<\/h3>\n<p>\u8de8\u94fe RWA \u7684\u672c\u8d28\uff0c\u662f\u8981\u8ba9\u8d44\u4ea7\u5728\u94fe\u4e0b\u7684\u771f\u5b9e\u6cd5\u5f8b\u6e05\u7b97\u4e0e\u94fe\u4e0a\u7684\u6280\u672f\u6e05\u7b97\u8bb0\u5f55\u4e4b\u95f4\u4fdd\u6301\u4e00\u81f4\u3001\u53ef\u9a8c\u8bc1\u3001\u53ef\u5ba1\u8ba1\u3002\u5728\u8de8\u94fe\u573a\u666f\u4e2d\uff0c\u6e05\u7b97\u903b\u8f91\u53d8\u5f97\u66f4\u52a0\u590d\u6742\uff1a\u4e00\u4e2a\u771f\u5b9e\u8d44\u4ea7\u53ef\u80fd\u5b58\u5728\u591a\u94fe\u6d41\u901a\u3001\u8de8\u94fe\u8d4e\u56de\u3001\u94fe\u4e0b\u6258\u7ba1\u673a\u6784\u540c\u6b65\u7b49\u73af\u8282\u3002\u56e0\u6b64\uff0c\u672c\u7ae0\u4ece\u5b9e\u64cd\u89c6\u89d2\u62c6\u89e3\u6e05\u7b97\u7ed3\u6784\uff0c\u7ed3\u5408\u673a\u6784\u771f\u5b9e\u6848\u4f8b\uff0c\u4e3a RWA \u8d44\u4ea7\u65b9\u3001\u5e73\u53f0\u65b9\u4e0e\u4ea4\u6613\u6240\u63d0\u4f9b\u53ef\u76f4\u63a5\u4f7f\u7528\u7684\u6a21\u677f\u3002<\/p>\n<h4 align=\"center\">2.1 RWA \u6e05\u7b97\u7684\u94fe\u4e0a\u4e0e\u94fe\u4e0b\u903b\u8f91\u62c6\u89e3<\/h4>\n<p>RWA \u6e05\u7b97\u7684\u6838\u5fc3\u5728\u4e8e\u786e\u4fdd\u94fe\u4e0a\u8d26\u52a1\u72b6\u6001\u4e0e\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u4ea4\u5272\u7ed3\u679c\u4e4b\u95f4\u4fdd\u6301\u4e00\u81f4\u6027\uff0c\u800c\u8fd9\u79cd\u4e00\u81f4\u5e76\u4e0d\u662f\u7531\u94fe\u4e0a\u52a8\u4f5c\u672c\u8eab\u751f\u6210\uff0c\u800c\u662f\u6e90\u4e8e\u771f\u5b9e\u4e16\u754c\u6e05\u7b97\u884c\u4e3a\u5b8c\u6210\u540e\u518d\u5411\u94fe\u4e0a\u8fdb\u884c\u6620\u5c04\u3002\u5bf9\u4e8e\u673a\u6784\u6295\u8d44\u8005\u800c\u8a00\uff0c\u4ed6\u4eec\u66f4\u5173\u5fc3\u7684\u662f\u8d23\u4efb\u4e3b\u4f53\u662f\u5426\u660e\u786e\u3001\u6e05\u7b97\u51ed\u8bc1\u662f\u5426\u53ef\u88ab\u5916\u90e8\u5ba1\u8ba1\u9a8c\u8bc1\uff0c\u4ee5\u53ca\u8d26\u52a1\u72b6\u6001\u662f\u5426\u5b58\u5728\u552f\u4e00\u7684\u6cd5\u5f8b\u5f52\u5c5e\u3002\u73b0\u5b9e\u8def\u5f84\u5f80\u5f80\u5148\u53d1\u751f\u5728\u6258\u7ba1\u673a\u6784\u3001\u8d44\u4ea7\u65b9\u53ca\u53d7\u6258\u4e3b\u4f53\u4e4b\u95f4\uff0c\u4f8b\u5982\u8d44\u4ea7\u5151\u4ed8\u6216\u503a\u6743\u6d88\u706d\uff0c\u4ee5\u53ca\u8d44\u91d1\u5230\u8d26\u540e\u7684\u6258\u7ba1\u786e\u8ba4\uff1b\u968f\u540e\u7531\u53d7\u6258\u4e3b\u4f53\u66f4\u65b0\u5e95\u5c42\u8d26\u7c3f\u5e76\u5f62\u6210\u94fe\u4e0b\u6e05\u7b97\u51ed\u8bc1\uff0c\u8fd9\u4e00\u51ed\u8bc1\u624d\u662f\u5ba1\u8ba1\u4e0e\u76d1\u7ba1\u5224\u65ad\u6e05\u7b97\u662f\u5426\u5b8c\u6210\u7684\u57fa\u7840\u3002\u5728\u8fd9\u4e00\u524d\u63d0\u5df2\u6210\u7acb\u7684\u60c5\u51b5\u4e0b\uff0c\u94fe\u4e0a\u5408\u7ea6\u624d\u4f1a\u6267\u884c\u8d4e\u56de\u6216\u6ce8\u9500\uff0c\u5e76\u540c\u6b65\u66f4\u65b0\u4f59\u989d\u3002\u800c\u8de8\u94fe\u73af\u5883\u4e2d\u7684\u540c\u6b65\u884c\u4e3a\u5e76\u4e0d\u662f\u518d\u6b21\u6e05\u7b97\uff0c\u800c\u662f\u5bf9\u5df2\u53d1\u751f\u4e8b\u4ef6\u8fdb\u884c\u5e7f\u64ad\uff0c\u76ee\u7684\u662f\u5728\u4e0d\u540c\u94fe\u4e4b\u95f4\u5f62\u6210\u5355\u4e00\u771f\u503c\uff0c\u907f\u514d\u51fa\u73b0\u8d26\u9762\u5206\u53c9\u3002<\/p>\n<p>\u5728\u5b9e\u9645\u6267\u884c\u4e2d\uff0c\u4e00\u4e2a\u5b8c\u6574\u7684\u94fe\u4e0a\u6e05\u7b97\u52a8\u4f5c\u901a\u5e38\u6d89\u53ca\u8d4e\u56de\u6388\u6743\u3001\u4f59\u989d\u66f4\u65b0\u3001\u5408\u7ea6\u9500\u6bc1\u4e0e\u540c\u6b65\u786e\u8ba4\u591a\u4e2a\u52a8\u4f5c\uff0c\u4f46\u5b83\u4eec\u5171\u540c\u6307\u5411\u7684\u662f\u540c\u4e00\u4e2a\u94fe\u4e0b\u4e8b\u4ef6\uff0c\u5373\u8d44\u4ea7\u5c65\u7ea6\u5b8c\u6210\u3002\u76d1\u7ba1\u4e0e\u5ba1\u8ba1\u6700\u5173\u6ce8\u7684\u7ec6\u8282\u662f\u94fe\u4e0a\u6700\u7ec8\u72b6\u6001\u662f\u5426\u4e0e\u6258\u7ba1\u7aef\u8d26\u7c3f\u5f62\u6210\u4e00\u4e00\u5bf9\u5e94\u5173\u7cfb\uff0c\u5e76\u53ef\u5728\u4efb\u610f\u65f6\u95f4\u590d\u6838\uff1b\u5982\u679c\u8de8\u94fe\u540c\u6b65\u5ef6\u8fdf\u3001\u9006\u8f6c\u6216\u7f3a\u5931\uff0c\u5219\u5728\u6cd5\u5f8b\u4e0a\u4f1a\u5f62\u6210\u8d26\u52a1\u60ac\u7a7a\uff0c\u5c5e\u4e8e\u5c3d\u8c03\u91cd\u70b9\u98ce\u9669\u9879\u3002\u5bf9\u673a\u6784\u800c\u8a00\uff0c\u66f4\u6210\u719f\u7684\u7ed3\u6784\u662f\u5c06\u6e05\u7b97\u8fc7\u7a0b\u4e2d\u6240\u6709\u89e6\u53d1\u4e8b\u4ef6\u3001\u8d23\u4efb\u4e3b\u4f53\u3001\u6267\u884c\u65f6\u70b9\u53ca\u51ed\u8bc1\u7f16\u53f7\u56fa\u5b9a\u5316\uff0c\u4f7f\u94fe\u4e0a\u53d8\u5316\u59cb\u7ec8\u80fd\u591f\u8ffd\u6eaf\u81f3\u5355\u4e00\u6cd5\u5f8b\u51ed\u8bc1\uff1b\u5728\u5883\u5185\u5916\u5408\u89c4\u573a\u666f\u4e0b\uff0c\u8fd9\u4e00\u673a\u5236\u4f1a\u76f4\u63a5\u5f71\u54cd\u8d44\u4ea7\u80fd\u5426\u88ab\u89c6\u4e3a\u771f\u5b9e\u6536\u76ca\u8d44\u4ea7\uff0c\u800c\u4e0d\u662f\u7eaf\u7cb9\u7684\u94fe\u4e0a\u4ee3\u5e01\u884c\u4e3a\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u8de8\u94fe RWA \u5e76\u975e\u201c\u8de8\u94fe\u8d44\u4ea7\u8f6c\u79fb\u201d\u800c\u662f\u201c\u8de8\u94fe\u540c\u6b65\u5355\u4e00\u6e05\u7b97\u4e8b\u4ef6\u201d\uff0c\u6838\u5fc3\u5224\u65ad\u6807\u51c6\u662f\u6700\u7ec8\u8d23\u4efb\u5f52\u5c5e\u662f\u5426\u6e05\u6670\u3001\u8d26\u7c3f\u662f\u5426\u5b8c\u5168\u95ed\u73af\u3001\u51ed\u8bc1\u662f\u5426\u5177\u5907\u5ba1\u8ba1\u53ef\u56de\u6eaf\u6027\uff0c\u4ee5\u53ca\u94fe\u4e0a\u4e0e\u94fe\u4e0b\u8d26\u53d8\u662f\u5426\u540c\u6b65\u9501\u5b9a\u3002\u5bf9\u4e8e\u53c2\u4e0e\u65b9\u800c\u8a00\uff0c\u8fd9\u65e2\u662f\u5408\u89c4\u5e95\u7ebf\uff0c\u4e5f\u662f\u673a\u6784\u914d\u7f6e\u89c4\u6a21\u5f62\u6210\u7ea6\u675f\u7684\u771f\u6b63\u539f\u56e0\uff0c\u800c\u4e0d\u662f\u5e02\u573a\u4e0a\u5e38\u89c1\u7684\u6280\u672f\u529f\u80fd\u5dee\u5f02\u3002<\/p>\n<h4 align=\"center\">2.2 \u4e09\u7c7b\u53ef\u843d\u5730\u7684\u8de8\u94fe\u6e05\u7b97\u7ed3\u6784<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/248f7e2c-e649-4092-adbe-ddea331c2590\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe5\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/665a2f7e-3a58-4f7b-ada2-bc34a02b2adb\" width=\"1080\" height=\"392\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe6\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/d1f14e18-0318-4b12-811e-1e0d93929f2d\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe7\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/bb7fd6b0-1841-4215-baf0-999eb47c8fb5\" width=\"1080\" height=\"476\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe8\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/1ae69096-583a-4c6c-b109-d8e91fe066ea\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe9\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/2902f780-391c-4e78-82a1-4e96614c4ada\" width=\"1080\" height=\"417\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe10\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/e9e09156-06b6-472f-b479-be9cd8b080cb\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe11\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/f8772aec-92cb-456c-a23a-c08284598859\" width=\"1080\" height=\"327\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe12\" \/><\/p>\n<p>\u8fd9\u4e9b\u4e8b\u4ef6\u901a\u5e38\u88ab BigQuery\u3001The Graph\u3001Nansen \u7b49\u5de5\u5177\u76f4\u63a5\u8bfb\u53d6\u3002<\/p>\n<p>\u6848\u4f8b\uff1aAave RWA \u6e05\u7b97\u4e8b\u4ef6\u8bb0\u5f55<\/p>\n<p>Aave \u7684 RWA \u6a21\u5757\uff08\u5982\u53c2\u4e0e Centrifuge\u3001Sablier \u534f\u4f5c\uff09\u91c7\u7528\uff1a\u6e05\u7b97\u4e8b\u4ef6\u5305\u542b\u94fe\u4e0b SPV \u63d0\u4ea4\u7684 NAV Update<\/p>\n<p>Aave \u4f7f\u7528\u7684\u662f\uff1a<\/p>\n<p>\u2022\u5355\u94fe\u6e05\u7b97 + \u591a\u94fe\u955c\u50cf<\/p>\n<p>\u2022\u6e05\u7b97\u4e8b\u4ef6\u4f5c\u4e3a\u552f\u4e00\u53ef\u4fe1\u6e90\uff08Source Of Truth\uff09<\/p>\n<p>\u8be5\u7ed3\u6784\u5bf9\u4e8e\u8de8\u94fe\u6269\u5c55\u5341\u5206\u5177\u6709\u53c2\u8003\u4ef7\u503c\u3002<\/p>\n<h4 align=\"center\">2.4 \u6e05\u7b97\u64ae\u5408\u3001\u6d41\u52a8\u6027\u4e0e\u505a\u5e02\u7b56\u7565<\/h4>\n<p>\u8de8\u94fe RWA \u7684\u6d41\u52a8\u6027\u6311\u6218\u4e0d\u4ec5\u6e90\u81ea\u8d44\u4ea7\u672c\u8eab\u6807\u51c6\u5316\u4e0d\u8db3\uff0c\u66f4\u5728\u4e8e\u591a\u94fe\u73af\u5883\u4e0b\u6df1\u5ea6\u7684\u788e\u7247\u5316\u3002\u5bf9\u4e8e\u673a\u6784\u53d1\u884c\u65b9\u800c\u8a00\uff0c\u8bbe\u8ba1\u5408\u7406\u7684\u6e05\u7b97\u4e0e\u505a\u5e02\u7b56\u7565\uff0c\u662f\u786e\u4fdd\u8d44\u4ea7\u53ef\u6d41\u901a\u3001\u6e05\u7b97\u53ef\u590d\u73b0\u7684\u6838\u5fc3\u95ee\u9898\u3002\u4f20\u7edf DeFi \u7684\u5355\u94fe AMM \u6a21\u578b\u65e0\u6cd5\u76f4\u63a5\u7167\u642c\u5230\u673a\u6784\u7ea7 RWA\uff0c\u539f\u56e0\u5728\u4e8e\u9ad8\u4ef7\u503c\u8d44\u4ea7\u7684\u4ea4\u6613\u4e0d\u4ec5\u5173\u6ce8\u4ef7\u683c\u53d1\u73b0\uff0c\u66f4\u5173\u6ce8\u6e05\u7b97\u4e00\u81f4\u6027\u3001\u5ba1\u8ba1\u53ef\u8ffd\u6eaf\u6027\u548c\u6cd5\u5f8b\u6548\u529b\u3002<\/p>\n<p>\u76ee\u524d\u5b9e\u8df5\u4e2d\uff0cAMM \u6a21\u578b\u5728\u4f4e\u6ce2\u52a8\u3001\u7a33\u5b9a\u6536\u76ca\u578b\u7684 RWA \u4e2d\u4ecd\u6709\u4ef7\u503c\uff0c\u4f8b\u5982\u5c0f\u989d\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\u3001\u7968\u636e\u788e\u7247\u5316\u6c60\u4ea4\u6613\u7b49\uff0c\u4f46\u5f53\u8d44\u4ea7\u4ef7\u503c\u8f83\u9ad8\u6216\u9700\u8981\u70b9\u5bf9\u70b9\u7ed3\u7b97\u65f6\uff0cAMM \u9762\u4e34\u4e24\u5927\u74f6\u9888\uff1a\u4e00\u662f\u8de8\u94fe\u6d41\u52a8\u6c60\u6df1\u5ea6\u5bb9\u6613\u88ab\u5206\u6563\uff0c\u4e8c\u662f\u5728\u8d4e\u56de\u6216\u6e05\u7b97\u65f6\u9700\u8981\u540c\u65f6\u540c\u6b65\u591a\u4e2a\u94fe\u7684\u72b6\u6001\uff0c\u6210\u672c\u4e0e\u98ce\u9669\u663e\u8457\u589e\u52a0\u3002\u8ba2\u5355\u7c3f\u6a21\u578b\u5728\u6b64\u7c7b\u573a\u666f\u4e0b\u5c55\u73b0\u51fa\u66f4\u5f3a\u7684\u53ef\u63a7\u6027\u548c\u4e00\u81f4\u6027\u4f18\u52bf\uff0c\u5c24\u5176\u9002\u5408\u4e2d\u9ad8\u4ef7\u503c\u8d44\u4ea7\u53ca\u9700\u8981\u4e13\u4e1a\u673a\u6784\u62a5\u4ef7\u7684\u5e02\u573a\u3002\u8ba2\u5355\u7c3f\u53ef\u4ee5\u5728\u4e3b\u94fe\u96c6\u4e2d\u6d41\u52a8\u6027\uff0c\u4ece\u800c\u8ba9\u505a\u5e02\u5546\u98ce\u9669\u66f4\u53ef\u63a7\uff0c\u4f46\u5176\u5bf9\u4ea4\u6613\u6240\u57fa\u7840\u8bbe\u65bd\u8981\u6c42\u9ad8\uff0c\u8de8\u94fe\u64ae\u5408\u4e5f\u9700\u8981\u5f3a\u4e00\u81f4\u6027\u4fdd\u8bc1\u3002<\/p>\n<p>\u6df7\u5408\u505a\u5e02\u6a21\u578b\u5219\u6210\u4e3a\u673a\u6784\u5b9e\u8df5\u4e2d\u6700\u5e38\u91c7\u7528\u7684\u65b9\u6848\u3002\u5728\u8fd9\u79cd\u7ed3\u6784\u4e0b\uff0c\u4e3b\u94fe\u627f\u62c5\u8ba2\u5355\u7c3f\u64ae\u5408\u4e0e\u6e05\u7b97\u6838\u5fc3\u804c\u80fd\uff0c\u5907\u94fe\u901a\u8fc7 AMM \u63d0\u4f9b\u4ea4\u6613\u548c\u6d41\u52a8\u6027\u8865\u5145\uff0c\u5e76\u901a\u8fc7\u8de8\u94fe\u9884\u8a00\u673a\u6216\u6d88\u606f\u540c\u6b65\u673a\u5236\u786e\u4fdd\u4e3b\u94fe\u4e0e\u5907\u94fe\u4ef7\u683c\u548c\u6e05\u7b97\u72b6\u6001\u7684\u4e00\u81f4\u6027\u3002\u8fd9\u79cd\u6a21\u5f0f\u517c\u987e\u4e86\u6d41\u52a8\u6027\u6df1\u5ea6\u4e0e\u8de8\u94fe\u8d44\u4ea7\u7684\u4e00\u81f4\u6027\uff0c\u4f7f\u5f97\u9ad8\u4ef7\u503c RWA \u80fd\u591f\u5728\u4fdd\u8bc1\u6cd5\u5f8b\u548c\u5ba1\u8ba1\u53ef\u8ffd\u6eaf\u6027\u7684\u524d\u63d0\u4e0b\uff0c\u5b9e\u73b0\u591a\u94fe\u5206\u53d1\u4e0e\u4ea4\u6613\u6548\u7387\u63d0\u5347\u3002\u4ea4\u6613\u6240\u5982 Vertex \u548c SynFutures \u5df2\u5728\u5176\u9ad8\u4ef7\u503c\u503a\u6743\u7c7b\u4ee3\u5e01\u6c60\u4e2d\u6210\u529f\u5b9e\u8df5\u8be5\u7ed3\u6784\uff0c\u663e\u793a\u5176\u53ef\u590d\u5236\u6027\u4e0e\u843d\u5730\u6027\u3002<\/p>\n<p>\u4ece\u5b9e\u9645\u9879\u76ee\u770b\uff0c\u8de8\u94fe RWA \u6d41\u52a8\u6c60\u5728 ETH\u3001BSC\u3001Arbitrum \u4e09\u94fe\u7684\u90e8\u7f72\u60c5\u51b5\u53cd\u6620\u4e86\u4e3b\u94fe\u4e0e\u5907\u94fe\u89d2\u8272\u5206\u5de5\u7684\u91cd\u8981\u6027\u3002ETH \u4f5c\u4e3a\u4e3b\u94fe\u627f\u62c5\u6e05\u7b97\u804c\u8d23\uff0c\u5176\u6c60\u6df1\u5ea6\u6700\u9ad8\uff0c\u8d85\u8fc7 80%\uff0c\u80fd\u591f\u6ee1\u8db3\u5927\u989d\u8d4e\u56de\u548c\u673a\u6784\u4ea4\u6613\u9700\u6c42\uff1bArbitrum \u867d\u4ea4\u6613\u6d3b\u8dc3\uff0c\u4f46\u6df1\u5ea6\u6709\u9650\uff0c\u66f4\u591a\u627f\u62c5\u4e8c\u7ea7\u5e02\u573a\u6d41\u52a8\u6027\u4f5c\u7528\uff1bBSC \u6c60\u6df1\u5ea6\u6700\u8584\uff0c\u4e14\u8de8\u94fe\u540c\u6b65\u5076\u5c14\u5b58\u5728\u5ef6\u8fdf\uff0c\u8fdb\u4e00\u6b65\u8bf4\u660e\u4ec5\u4f9d\u8d56\u4f4e\u6210\u672c\u94fe\u63d0\u4f9b\u6d41\u52a8\u6027\u53ef\u80fd\u5f15\u5165\u6e05\u7b97\u4e0d\u4e00\u81f4\u98ce\u9669\u3002\u7531\u6b64\u53ef\u4ee5\u5f97\u51fa\u7ed3\u8bba\uff0c\u4e3b\u94fe\u4f5c\u4e3a\u6e05\u7b97\u94fe\u5fc5\u987b\u83b7\u5f97\u6700\u5927\u6d41\u52a8\u6027\uff0c\u591a\u94fe\u5206\u53d1\u7684\u4ea4\u6613\u6c60\u5fc5\u987b\u901a\u8fc7\u8de8\u94fe\u9884\u8a00\u673a\u6216\u6d88\u606f\u7cfb\u7edf\u5b9e\u65f6\u540c\u6b65\u6e05\u7b97\u72b6\u6001\uff0c\u5426\u5219\u8d4e\u56de\u548c\u7ed3\u7b97\u53ef\u80fd\u51fa\u73b0\u4e0d\u4e00\u81f4\uff0c\u5f71\u54cd\u8d44\u4ea7\u6cd5\u5f8b\u4e0e\u5ba1\u8ba1\u6548\u529b\u3002<\/p>\n<p>\u5728\u673a\u6784\u5b9e\u8df5\u4e2d\uff0c\u4e0d\u540c\u505a\u5e02\u7b56\u7565\u5bf9\u8de8\u94fe RWA \u7684\u5f71\u54cd\u53ef\u4ee5\u6982\u62ec\u5982\u4e0b\uff1aAMM \u63d0\u4f9b\u4f4e\u6210\u672c\u4ea4\u6613\u4f46\u6d41\u52a8\u6027\u548c\u6e05\u7b97\u4e00\u81f4\u6027\u6709\u9650\uff1b\u8ba2\u5355\u7c3f\u80fd\u591f\u4fdd\u8bc1\u591a\u94fe\u6df1\u5ea6\u548c\u6e05\u7b97\u4e00\u81f4\u6027\uff0c\u4f46\u5bf9\u57fa\u7840\u8bbe\u65bd\u8981\u6c42\u9ad8\uff1b\u6df7\u5408\u505a\u5e02\u5219\u5728\u6210\u672c\u3001\u6d41\u52a8\u6027\u548c\u4e00\u81f4\u6027\u4e4b\u95f4\u53d6\u5f97\u5e73\u8861\uff0c\u6210\u4e3a\u9ad8\u4ef7\u503c\u3001\u673a\u6784\u7ea7 RWA \u7684\u9996\u9009\u7ed3\u6784\u3002\u8fd9\u4e5f\u9a8c\u8bc1\u4e86\u8de8\u94fe\u8bbe\u8ba1\u4e2d\u201c\u8d44\u4ea7\u6700\u7ec8\u6027\u4f18\u5148\u4e8e\u4ea4\u6613\u4fbf\u5229\u6027\u201d\u7684\u539f\u5219\uff0c\u786e\u4fdd\u65e0\u8bba\u8d44\u4ea7\u6d41\u901a\u5728\u54ea\u6761\u94fe\u4e0a\uff0c\u5176\u6cd5\u5f8b\u548c\u5ba1\u8ba1\u5c5e\u6027\u90fd\u4e0d\u4f1a\u88ab\u524a\u5f31\u3002<\/p>\n<h3 dir=\"ltr\">03\u3001\u673a\u6784\u7ea7\u8de8\u94fe RWA\uff1a\u98ce\u9669\u63a7\u5236\u4f53\u7cfb\u4e0e\u5408\u89c4\u843d\u5730<\/h3>\n<h4 dir=\"ltr\">3.1 \u673a\u6784\u7ea7\u8de8\u94fe RWA \u7684\u516d\u5927\u4e0d\u53ef\u8c08\u5224\u6761\u4ef6<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/d3b22690-a416-491d-8ba5-5ad01f73d28d\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe13\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/b33d0d43-4aed-4d77-94bd-31ab305dc25e\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe14\" \/><\/p>\n<p>\u5c06\u4e0a\u8ff0\u516d\u70b9\u653e\u5728\u4e00\u8d77\uff0c\u53ef\u4ee5\u53d1\u73b0\u673a\u6784\u5bf9\u8de8\u94fe RWA \u7684\u6838\u5fc3\u8bc9\u6c42\u5e76\u4e0d\u5728\u4e8e\u6027\u80fd\u6307\u6807\uff0c\u800c\u5728\u4e8e\u6e05\u7b97\u7eaa\u5f8b\u3002\u6240\u8c13\u6e05\u7b97\u7eaa\u5f8b\uff0c\u672c\u8d28\u4e0a\u5c31\u662f\u6700\u7ec8\u6027\u662f\u5426\u660e\u786e\u3001\u8d23\u4efb\u662f\u5426\u53ef\u5f52\u5c5e\u3001\u6d41\u7a0b\u662f\u5426\u53ef\u5ba1\u8ba1\u3001\u5931\u8d25\u662f\u5426\u53ef\u56de\u6eda\u3002\u53ea\u6709\u5f53\u8de8\u94fe\u534f\u8bae\u5728\u8fd9\u56db\u4e2a\u7ef4\u5ea6\u4e0a\u4e0e\u4f20\u7edf\u91d1\u878d\u6e05\u7b97\u7cfb\u7edf\u5f62\u6210\u540c\u4e00\u5b89\u5168\u7b49\u7ea7\uff0c\u5b83\u624d\u6709\u8d44\u683c\u4ece\u8de8\u94fe\u901a\u4fe1\u5de5\u5177\u5347\u7ea7\u4e3a\u8de8\u94fe\u6e05\u7b97\u57fa\u7840\u8bbe\u65bd\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u5728\u771f\u5b9e\u673a\u6784\u9879\u76ee\u4e2d\uff0c\u771f\u6b63\u80fd\u591f\u8fdb\u5165\u6e05\u7b97\u4e3b\u8def\u5f84\u7684\u8de8\u94fe\u534f\u8bae\u6570\u91cf\u6781\u5176\u6709\u9650\uff0c\u800c\u591a\u6570\u534f\u8bae\u53ea\u80fd\u627f\u62c5\u6d41\u901a\u5c42\u3001\u5206\u53d1\u5c42\u6216\u8f85\u52a9\u540c\u6b65\u5c42\u7684\u89d2\u8272\uff0c\u5176\u6839\u672c\u539f\u56e0\u5e76\u4e0d\u5728\u6280\u672f\u5148\u8fdb\u7a0b\u5ea6\uff0c\u800c\u5728\u4e8e\u662f\u5426\u7b26\u5408\u91d1\u878d\u4f53\u7cfb\u5bf9\u6e05\u7b97\u7cfb\u7edf\u957f\u671f\u5f62\u6210\u7684\u57fa\u672c\u7eaa\u5f8b\u4e0e\u98ce\u9669\u8fb9\u754c\u3002<\/p>\n<h4>3.2 \u8de8\u94fe\u7279\u6709\u98ce\u9669\u7684\u8bc6\u522b\u3001\u5ea6\u91cf\u4e0e\u5b9a\u4ef7<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/63c5c03c-0de6-4101-8c79-fd390e495cb6\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe15\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/b550612d-ac77-4d84-9b7d-022a802b2e21\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe16\" \/><\/p>\n<h4>3.3 \u5168\u7403\u76d1\u7ba1\u6846\u67b6\u4e0e\u53ef\u6267\u884c\u8981\u6c42<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/d2381889-c593-4d05-8c4a-58796ca5d25f\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe17\" \/><\/p>\n<p>\u5728\u7f8e\u56fd\uff0c[7]\u76d1\u7ba1\u7684\u6838\u5fc3\u5173\u6ce8\u70b9\u4ecd\u96c6\u4e2d\u4e8e\u8bc1\u5238\u6cd5\u9002\u7528\u4e0e\u6258\u7ba1\u6807\u51c6\uff0cSEC \u5bf9\u4ee3\u5e01\u5316\u8bc1\u5238\u7684\u76d1\u7ba1\u5f3a\u5ea6\u4ee5\u53ca NYDFS \u5bf9\u6258\u7ba1\u673a\u6784\u5c31\u201c\u5ba2\u6237\u8d44\u4ea7\u9694\u79bb\u3001\u7b2c\u4e09\u65b9\u6258\u7ba1\u4e0e\u7834\u4ea7\u4fdd\u62a4\u201d\u63d0\u51fa\u7684\u6700\u65b0\u6307\u5f15\uff0c\u4f7f\u5f97\u5728\u7f8e\u56fd\u5e02\u573a\u53d1\u884c\u6216\u4ee5\u7f8e\u8d44\u5ba2\u6237\u4e3a\u4e3b\u7684 RWA \u9879\u76ee\u5fc5\u987b\u628a\u94fe\u4e0b\u6e05\u7b97\u4e0e\u53d7\u76d1\u7ba1\u6258\u7ba1\u4f5c\u4e3a\u9996\u8981\u6761\u4ef6\uff1b\u8fd1\u671f\u5173\u4e8e\u6258\u7ba1\u4e0e\u5408\u89c4\u7684\u5b98\u65b9\/\u884c\u4e1a\u610f\u89c1\u5f3a\u8c03\u4e86\u5bf9\u5ba2\u6237\u8d44\u4ea7\u9694\u79bb\u3001\u5ba1\u8ba1\u4e0e\u98ce\u9669\u7ba1\u7406\u7684\u786c\u6027\u6807\u51c6\uff0c\u8fd9\u4e5f\u76f4\u63a5\u5f71\u54cd\u8de8\u94fe\u6e05\u7b97\u8bbe\u8ba1\u4e2d\u201c\u54ea\u4e00\u65b9\u627f\u62c5\u6cd5\u5f8b\u6700\u7ec8\u6027\u201d\u7684\u5224\u5b9a\u4e0e\u6d41\u7a0b\u7f16\u6392\u3002\u540c\u65f6\uff0c\u6b27\u76df\u5c42\u9762\u7684 MiCA \u4e0e DLT Pilot \u7b49\u5236\u5ea6\u4e3a\u5728\u6b27\u76df\u5185\u8fdb\u884c\u4ee3\u5e01\u5316\u53d1\u884c\u3001\u4ea4\u6613\u4e0e\u7ed3\u7b97\u63d0\u4f9b\u4e86\u66f4\u4e3a\u7edf\u4e00\u7684\u76d1\u7ba1\u8def\u5f84\uff0c\u5bf9\u8de8\u94fe RWA 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RWA \u7684\u5355\u4e00\u9996\u9009\u53f8\u6cd5\u533a\u3002<\/p>\n<h4>3.4 \u5178\u578b\u8de8\u94fe RWA \u9879\u76ee\u6848\u4f8b<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/a901d43a-d6b4-408e-b5a7-491850d9fca1\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe18\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/cea2b13f-c3d6-4264-a607-6039b793c2eb\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe19\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/23aad489-7347-480d-9252-fe97bcf0012b\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe20\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/983fbb79-9915-4809-b7f9-01d5e057ac98\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe21\" \/><\/p>\n<h3>04\u3001\u5178\u578b\u8de8\u94fe RWA \u6848\u4f8b\u6df1\u5ea6\u62c6\u89e3<\/h3>\n<h4>4.1 \u623f\u5730\u4ea7\u6536\u76ca\u6743\u7c7b RWA \u7684\u8de8\u94fe\u6e05\u7b97\u7ed3\u6784\uff1a\u4ee5 ETH \u4e3a\u786e\u6743\u4e3b\u94fe\u3001Polygon \u4e3a\u6d41\u901a\u5c42\u7684\u5b9e\u8df5\u8303\u5f0f<\/h4>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: 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alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/b9f37b5b-0491-4308-b82f-3d748fd740e2\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe25\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/f033a0f2-a943-4ad3-9f95-eba9128d5fc8\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe26\" \/><\/p>\n<p><img decoding=\"async\" alt=\"\u623f\u5730\u4ea7\u6536\u76ca\u6743\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/uploads.panewslab.com\/2026z\/e57373d7-9d87-4e6d-98f1-91457c89a7ca\" title=\"RWA\u8de8\u94fe\u6e05\u7b97\u771f\u76f8\uff1a\u8c01\u5728\u6784\u5efa\u673a\u6784\u7ea7\u7ed3\u7b97\u5e95\u5ea7\u63d2\u56fe27\" \/><\/p>\n<p>\u5728\u5b9e\u9645\u8fd0\u884c\u8fc7\u7a0b\u4e2d\uff0c\u8be5\u673a\u6784\u4e5f\u66b4\u9732\u51fa\u82e5\u5e72\u5178\u578b\u7684\u5de5\u7a0b\u6027\u95ee\u9898\uff0c\u800c\u8fd9\u4e9b\u95ee\u9898\u6070\u6070\u6784\u6210\u4e86\u8be5\u6848\u4f8b\u7684\u5b9e\u64cd\u4ef7\u503c\u3002\u9996\u5148\u662f\u4e0d\u540c\u94fe Gas \u6210\u672c\u5dee\u5f02\u5bfc\u81f4\u7528\u6237\u4f53\u9a8c\u4e0e\u6e05\u7b97\u6210\u672c\u4e0d\u4e00\u81f4\u7684\u95ee\u9898\u3002Polygon \u4e0e Arbitrum \u7684\u4ea4\u6613\u6210\u672c\u8fdc\u4f4e\u4e8e\u4ee5\u592a\u574a\u4e0e BNB Chain\uff0c\u8fd9\u4f1a\u76f4\u63a5\u5f71\u54cd\u7528\u6237\u9009\u62e9\u5728\u54ea\u6761\u94fe\u4e0a\u6301\u6709\u8d44\u4ea7\u4e0e\u8fdb\u884c\u8d4e\u56de\u3002\u673a\u6784\u6700\u7ec8\u5f15\u5165\u4e86 Gas 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