国际清算银行报告:代币化货币市场基金规模突破 90 亿美元

链捕手
Nov 27, 2025

ChainCatcher 消息,据 Cryptopolitan 报道,国际清算银行(BIS)最新报告指出,代币化货币市场基金总资产已从 2023 年底的 7.7 亿美元激增至近 90 亿美元,成为加密生态关键抵押品来源。

该机构警告称,此类资产虽具备 “稳定币的灵活性”,但它也带来了实质性的运营和流动性风险。BIS 认定流动性错配是代币化货币市场基金的主要风险。其指出,虽然投资者可每日赎回代币化基金份额,但其底层资产仍遵循传统 T+1 结算机制。在市场承压时期,集中赎回需求将暴露这一结构性风险。

随后,该组织指出,市场尚处于发展初期,解决方案仍在不断完善,如金融科技公司 Broadridge 推出的分布式账本回购(DLR)系统,可实现当日结算的代币化国债转移。

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