Core Viewpoint - The global financial system is undergoing a profound restructuring driven by digital technology, with blockchain as a cornerstone, reshaping payment clearing and asset circulation models, and triggering historic changes in monetary sovereignty and cross-border financial infrastructure [2]. Group 1: Blockchain and Financial Infrastructure - The wave of innovation based on blockchain is transitioning from technical experimentation to compliant market practices, with a breakthrough window for the internationalization of the Renminbi in the digital currency era [2]. - The construction of a cross-border trust network using distributed technology is becoming a key variable in the financial competition among major powers [2]. Group 2: Industry Evolution and Challenges - The blockchain industry is moving from the iteration of underlying protocols to a period of commercial ecosystem explosion, with the large-scale implementation of scenarios in securities, trade, and supply chains requiring forward-looking assessments [2]. - The trend of Tokenization is shifting from experimental scenarios on-chain to mainstream financial infrastructure [2]. - There are significant challenges in mapping on-chain rights to traditional legal frameworks, highlighting the urgent need to explore more innovative regulatory paths [2].
邀请函|区块链应用创新与资产上链的战略机遇
国泰海通证券研究·2025-09-21 13:55