火币HTX：2026年数字资产趋势白皮书（英文版）（35页）.pdf

1、2026 Digital Asset Trends White PaperDecode market cycles.Uncover asset value.Gain a clearer view of the future.Jointly Produced by:LearnResearchDigital Asset Trends White PaperTable of ContentsPreface:From Asset Class to Financial System5Chapter 1 The New Macro Landscape:Digital Transformation of t

2、he Global Financial System61.1 The Digital Evolution of Currency Forms and National Competition61.2 Global Liquidity Enters a Rebalancing Phase1.3 Macro-Assetization of Digital Assets771.4 Fragmentation of the Geopolitical Financial Landscape8Chapter 2 The Historical Evolution of Digital Assets:From

3、 Marginal Assets to Strategic Allocation82.1 Evolution of Listed Companies Asset Allocation Logic92.2 Upgrades in Institutional Custody and Compliance Infrastructure92.3 Three Paths for Institutional Participation10Chapter 3 Technological Revolution:The Cornerstone of Building a New Financial System

4、103.1 Large-Scale Application of zkEVM and Protocol-Level Integration1 1 3.2 L2s Moving from Fat Protocols to Fat Applications1 1 3.3 Quantum Resistance and Privacy May Become Standard12Chapter 4 AI Crypto:The Agent Economy Reshaping the New Financial System134.1 Change in Participants:AI Agents Bec

5、ome On-Chain Economic Nodes144.2 Change in Value Structure:How AI Reshapes the Token Economy4.3 Change in Market Structure:Restructuring the Digital Asset Trading System1618Digital Asset Trends White PaperChapter 5 On-Chain Asset Securitization:RWA and the Asset Layer of the New Financial System205.

6、1 Background of the RWA Sector205.2 Different Types of RWA Assets21 5.2.1 Stablecoins21 5.2.2 U.S.Treasuries21 5.2.3 Commodities225.2.4 Stocks and ETFs225.2.5 Private Credit,Corporate Bonds,and Real Estate225.3 Future Outlook23Chapter 6 Market Divergence and Challenges under the New Financial System