Core Insights - The global financial system is undergoing a profound restructuring driven by digital technologies, with blockchain as a cornerstone of innovation reshaping payment clearing and asset circulation models [2] - The transition of on-chain digital assets from technical experiments to compliant market practices is crucial, particularly in the context of the internationalization of the Renminbi in the digital currency era [2] - The blockchain industry is moving from underlying protocol iterations to a commercial ecosystem explosion, with the tokenization wave transitioning from experimental scenarios to mainstream financial infrastructure [2] Group 1: Blockchain and Financial Infrastructure - Blockchain technology is expected to play a key role in constructing cross-border trust networks, which is a critical variable in the financial competition among major powers [2] - The rapid evolution of the industry necessitates forward-looking assessments of the large-scale implementation of blockchain in sectors such as securities, trade, and supply chain [2] Group 2: Regulatory Challenges - There are significant challenges in mapping on-chain rights to traditional legal frameworks, highlighting the urgent need to explore more innovative regulatory pathways [2]
就在今天|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·2025-09-25 22:18