# RWA — X 热门讨论 (2026-09-29 07:38 UTC)
## @pjjin574832 (等待被割的老韭菜 Gate打金狗0Gas费) · 09-29 05:12 · ♥44 ↻0 💬49 ——@Backpack 首席执行官 Armani Ferrante在采访中说：不是 10 只股票，不是 100 只股票。我们希望将整个股票市场带到 Solana 上。
现在背包正在努力向这个方向前进，之前我说过链上RWA必将引领这波加密浪潮。
方向是没有问题，并且有sol链的支持，加上美国也在努力推进RWA进程，币圈的顶级资源，还有经济霸主美国的推动，backpack抓住这波东风，必将成为链上纳斯达克！ > 引用 @solana: Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi. Going from 200 symbols to 10,000 is the next leap."
@armaniferrante @Backpack https://x.com/pjjin574832/status/2104801557267283997
## @bgv1806 (Vuong.eth 🎯) · 09-29 04:16 · ♥44 ↻1 💬45 I keep coming back to one simple question:
where does the yield actually come from?
With @DualMintRWA , the answer isn’t another token loop.
It starts with 200 claw machines operating across Shenzhen malls.
Players use the machines. The machines generate revenue. The operator pays a fixed lease. And that lease is what flows toward $PLAY holders in USDC.
That distinction matters to me.
The token isn’t supposed to create the yield. The machines do.
What makes the setup more interesting is the verification layer.
Each machine gets its own onchain ID and records plays + uptime, while Chainlink is used to reconcile the operating data against reported revenue.
So instead of looking at a dashboard and simply trusting a number, the thesis is built around connecting:
physical activity → machine data → revenue → onchain distribution
There are still obvious risks.
200 machines are concentrated in one city, the operator risk is real, and the initial exit pool is only $20K against a $227.5K raise.
But that’s exactly why I find $PLAY interesting.
It’s not trying to make an RWA look exciting.
It’s taking something extremely ordinary a claw machine in a mall
and trying to turn its real-world cash flow into something that can be tracked and distributed onchain.
That’s the kind of RWA infrastructure I keep watching.
boring asset. measurable activity. onchain settlement.
gDualMint 🐻 https://x.com/bgv1806/status/2104787479484375390
## @PWenzhen76938 (Powerpei) · 09-29 07:24 · ♥49 ↻0 💬41 贝莱德没有把基金搬上链
我把这句话放在最前面，后面的才看得清楚
//
Ondo上周上了个新东西，叫 Intelligent Portfolios
一句话：把一整套配置策略压进一枚代币 你买一个token，拿到的是一篮子股票和 ETF 的经济敞口
注意，是敞口 不是底层资产的所有权
首批三只：BLKHIon（高收益）、BLKDIGon（多元增长）、BLKGRWon（高增长）
策略由贝莱德按Ondo的规格提供 但执行、申赎、再平衡、代币发行，全是Ondo的事
贝莱德不是顾问，不是管理人，不对你负信义义务
新闻稿原话我直接贴："BlackRock has no investment advisory, investment management, fiduciary, client or other relationship with any investor or prospective investor."
链上组合跟模型策略之间也可以跑偏 更不更新，Ondo 说了算
美国用不了 欧英瑞也有合格投资者门槛
>>>>
市面上大多数讨论在看logo 我更想看结构
过去几年RWA基本停在把单一资产搬过来 一只国债，一只股票，一只货基
这次动的是再下一层 配置本身变成了链上可组合的对象
一枚代币对应一篮子底层 大约按季再平衡回基准权重 持仓和调仓链上都能查到 理论上还能拿去做借贷抵押、挂永续
这比再发一只代币化国债离传统资管更近 做的事从帮你买走到了帮你配
——
但叙事归叙事 模型组合里可以包含贝莱德自家基金 利益冲突？写在披露文件里了
代币能流通，不等于你想赎就赎得出来
DeFi可组合能不能跑通，还得看借贷协议愿不愿意接、风控怎么定 这块刚开始，急不来
配置上链解决了谁来做再平衡 至于这套配置适不适合你，还是得自己判断。
从资产上链到配置上链，这一步迈得比之前几年都大
别急着因为logo冲，但这个方向我会继续跟 DYOR
@Ondo @OndoPerps > 引用 @Ondo: Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.
Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.
The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.
1. BLKHIon: Ondo High Income Powered by BlackRock
2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock
3. BLKGRWon: Ondo High Growth Powered by BlackRock
Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.
“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock
Ondo Intelligent Portfolios can unlock novel capabilities:
→ Programmatic rebalancing → Full composability with DeFi → Complete transparency onchain → Multiple asset classes in a single token
This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain. https://x.com/PWenzhen76938/status/2104834717757382748
## @Bluish_Hue (Zucein) · 09-29 00:05 · ♥40 ↻1 💬4 Global debt: $365T. Real estate: $393T. Full global balance sheet: ~$1.8 quadrillion.
Add annualized FX, derivatives, trade, and capital flows and you’re looking at multiple quadrillion in notional value that could theoretically live on one ledger.
Tokenize the debt. Fractionalize the property. Kill the nostro/vostro drag. Route settlement and liquidity through the same rails. Let velocity compound.
At that scale the old market-cap ceilings look quaint. You’re no longer pricing a crypto asset. You’re pricing the settlement layer for the entire financial stack.
We’re not waiting for institutions. We’re waiting for the rest of the system to catch up.
#XRP #XRPL #Ripple #XRPCommunity #RWA #Tokenization https://x.com/Bluish_Hue/status/2104724264733843587