<p>Ng&#432;&#7901;i s&aacute;ng l&#7853;p Binance, Changpeng Zhao, &#273;&atilde; chia s&#7867; t&#7847;m nh&igrave;n d&agrave;i h&#7841;n c&#7911;a m&igrave;nh cho BNB trong m&#7897;t cu&#7897;c th&#7843;o lu&#7853;n v&#7899;i David Namdar c&#7911;a C&ocirc;ng ty M&#7841;ng BNB.</p>
<p>Zhao &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; chuy&#7875;n &#273;&#7893;i c&#7911;a BNB t&#7915; m&#7897;t token s&agrave;n giao d&#7883;ch th&agrave;nh m&#7897;t t&agrave;i s&#7843;n &#273;a chu&#7895;i, c&ocirc;ng b&#7889; k&#7871; ho&#7841;ch thu h&uacute;t v&#7889;n t&#7915; c&aacute;c t&#7893; ch&#7913;c th&ocirc;ng qua m&#7897;t c&ocirc;ng ty kho b&#7841;c ni&ecirc;m y&#7871;t t&#7841;i M&#7929;, v&agrave; nh&#7845;n m&#7841;nh stablecoin v&agrave; token h&oacute;a t&agrave;i s&#7843;n th&#7921;c l&agrave; nh&#7919;ng &#273;&#7897;ng l&#7921;c ch&iacute;nh cho giai &#273;o&#7841;n t&#259;ng tr&#432;&#7903;ng ti&#7871;p theo c&#7911;a h&#7879; sinh th&aacute;i.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-bnb-evolves-beyond-its-exchange-roots">BNB ph&aacute;t tri&#7875;n v&#432;&#7907;t ra ngo&agrave;i ngu&#7891;n g&#7889;c s&agrave;n giao d&#7883;ch</h2>

<p>Changpeng Zhao, th&#432;&#7901;ng &#273;&#432;&#7907;c bi&#7871;t &#273;&#7871;n v&#7899;i t&ecirc;n g&#7885;i CZ, &#273;&atilde; m&#7903; &#273;&#7847;u cu&#7897;c th&#7843;o lu&#7853;n b&#7857;ng c&aacute;ch l&agrave;m r&otilde; r&#7857;ng &ldquo;Binance Coin&rdquo; gi&#7901; &#273;&acirc;y l&agrave; m&#7897;t thu&#7853;t ng&#7919; l&#7883;ch s&#7917; h&#417;n l&agrave; m&#7897;t &#273;&#7883;nh ngh&#297;a hi&#7879;n t&#7841;i. BNB ban &#273;&#7847;u ra m&#7855;t nh&#432; m&#7897;t token ERC-20 &#273;&#7875; huy &#273;&#7897;ng v&#7889;n v&agrave; cung c&#7845;p gi&#7843;m gi&aacute; giao d&#7883;ch tr&ecirc;n s&agrave;n giao d&#7883;ch t&#7853;p trung c&#7911;a Binance. Tuy nhi&ecirc;n, theo th&#7901;i gian, n&oacute; &#273;&atilde; chuy&#7875;n th&agrave;nh t&agrave;i s&#7843;n g&#7889;c c&#7911;a m&#7897;t h&#7879; sinh th&aacute;i &#273;a chu&#7895;i r&#7897;ng l&#7899;n.</p>
<p>Hi&#7879;n nay, BNB cung c&#7845;p n&#259;ng l&#432;&#7907;ng cho <a href="https://beincrypto.com/learn/top-bnb-smart-chain-projects/" target="_blank" rel="noreferrer noopener">BNB Smart Chain</a>, <a href="https://www.bnbchain.org/en/blog/bnb-greenfield-decentralized-storage-for-the-ai-and-data-economy" target="_blank" rel="noreferrer noopener">Greenfield</a>&mdash;m&#7897;t chu&#7895;i l&#432;u tr&#7919; phi t&#7853;p trung&mdash;v&agrave; opBNB, v&#7899;i c&aacute;c ph&aacute;t tri&#7875;n c&ocirc;ng ngh&#7879; b&#7893; sung &#273;ang &#273;&#432;&#7907;c ti&#7871;n h&agrave;nh. Zhao nh&#7845;n m&#7841;nh r&#7857;ng BNB ho&#7841;t &#273;&#7897;ng nh&#432; m&#7897;t token kh&ocirc;ng ch&#7881; li&ecirc;n k&#7871;t v&#7899;i c&ocirc;ng ty, l&#432;u &yacute; r&#7857;ng m&#7863;c d&ugrave; Binance v&#7851;n cung c&#7845;p l&#7907;i &iacute;ch cho nh&#7919;ng ng&#432;&#7901;i n&#7855;m gi&#7919; BNB, nh&#432; tham gia v&agrave;o c&aacute;c &#273;&#7907;t airdrop c&#7911;a Launchpad v&agrave; Launchpool, nh&#7919;ng l&#7907;i &iacute;ch &#273;&oacute; ch&#7881; &#273;&#7841;i di&#7879;n cho m&#7897;t ph&#7847;n nh&#7887; trong vi&#7879;c s&#7917; d&#7909;ng t&#7893;ng th&#7875; c&#7911;a t&agrave;i s&#7843;n n&agrave;y.</p>
<p>&Ocirc;ng nh&#7845;n m&#7841;nh vai tr&ograve; m&#7903; r&#7897;ng c&#7911;a BNB trong c&aacute;c &#7913;ng d&#7909;ng phi t&#7853;p trung, t&#7915; c&aacute;c s&agrave;n giao d&#7883;ch phi t&#7853;p trung v&agrave; giao th&#7913;c cho vay &#273;&#7871;n c&aacute;c s&aacute;ng ki&#7871;n stablecoin. Theo Zhao, s&#7921; ph&aacute;t tri&#7875;n c&#7911;a h&#7879; sinh th&aacute;i ch&#7911; y&#7871;u &#273;&#432;&#7907;c th&uacute;c &#273;&#7849;y b&#7903;i c&aacute;c n&#7895; l&#7921;c do c&#7897;ng &#273;&#7891;ng d&#7851;n d&#7855;t h&#417;n l&agrave; s&#7921; gi&aacute;m s&aacute;t t&#7853;p trung.</p>
<p>Ngay c&#7843; trong nh&#7919;ng giai &#273;o&#7841;n &ocirc;ng t&#7853;p trung v&agrave;o c&aacute;c v&#7845;n &#273;&#7873; ph&aacute;p l&yacute; v&agrave; ho&#7841;t &#273;&#7897;ng c&#7911;a s&agrave;n giao d&#7883;ch t&#7853;p trung, <a href="https://vn.beincrypto.com/bnb-chain-cz-tst-toke-sell-controvery/">BNB Chain v&#7851;n ph&aacute;t tri&#7875;n &#273;&#7873;u &#273;&#7863;n</a>. Zhao coi s&#7921; ph&aacute;t tri&#7875;n t&#7921; nhi&ecirc;n n&agrave;y l&agrave; b&#7857;ng ch&#7913;ng cho s&#7921; b&#7873;n b&#7881; v&agrave; &#273;&#7897;c l&#7853;p c&#7911;a m&#7841;ng l&#432;&#7899;i.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-the-b-strategy-and-institutional-capital">Chi&#7871;n l&#432;&#7907;c &ldquo;B&rdquo; v&agrave; v&#7889;n &#273;&#7847;u t&#432; t&#7893; ch&#7913;c</h2>

<p>M&#7897;t ch&#7911; &#273;&#7873; trung t&acirc;m c&#7911;a cu&#7897;c tr&ograve; chuy&#7879;n l&agrave; &ldquo;Chi&#7871;n l&#432;&#7907;c B,&rdquo; m&#7897;t s&aacute;ng ki&#7871;n m&#7899;i do CEO c&#7911;a C&ocirc;ng ty M&#7841;ng BNB, David Namdar, d&#7851;n &#273;&#7847;u, v&#7899;i s&#7921; h&#7895; tr&#7907; t&#7915; Zhao v&agrave; <a href="https://vn.beincrypto.com/binance-backed-project-kiloex-hacked/">YZi Labs</a>. Chi&#7871;n l&#432;&#7907;c n&agrave;y nh&#7857;m t&#7841;o ra m&#7897;t c&ocirc;ng ty Kho b&#7841;c BNB ni&ecirc;m y&#7871;t t&#7841;i M&#7929; c&oacute; kh&#7843; n&#259;ng huy &#273;&#7897;ng kho&#7843;ng 1 t&#7927; USD &#273;&#7875; n&#7855;m gi&#7919; v&agrave; qu&#7843;n l&yacute; t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889; trong d&agrave;i h&#7841;n.</p>
<p>Zhao ti&#7871;t l&#7897; r&#7857;ng &ocirc;ng &#273;&atilde; xem x&eacute;t c&aacute;c &#273;&#7873; xu&#7845;t t&#7915; kho&#7843;ng 50 &#273;&#7897;i ng&#361; kho b&#7841;c t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889; nh&#432;ng ch&#7881; ch&#7885;n h&#7895; tr&#7907; nh&#7919;ng &#273;&#7897;i c&oacute; n&#7873;n t&#7843;ng v&#7919;ng ch&#7855;c v&agrave; t&#7847;m nh&igrave;n d&agrave;i h&#7841;n r&otilde; r&agrave;ng. &Ocirc;ng so s&aacute;nh kh&aacute;i ni&#7879;m n&agrave;y v&#7899;i c&aacute;ch ti&#7871;p c&#7853;n ti&ecirc;n phong c&#7911;a MicroStrategy trong vi&#7879;c s&#7917; d&#7909;ng m&#7897;t th&#7921;c th&#7875; giao d&#7883;ch c&ocirc;ng khai &#273;&#7875; cung c&#7845;p cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432; kh&#7843; n&#259;ng ti&#7871;p c&#7853;n t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;.</p>
<p>Theo Zhao, m&#7897;t c&#7845;u tr&uacute;c t&#432;&#417;ng t&#7921; cho BNB c&oacute; th&#7875; thu h&uacute;t c&aacute;c nh&agrave; &#273;&#7847;u t&#432; t&#7893; ch&#7913;c l&#7899;n, nh&#7919;ng ng&#432;&#7901;i &#432;a th&iacute;ch s&#7921; r&otilde; r&agrave;ng v&#7873; quy &#273;&#7883;nh v&agrave; ti&ecirc;u chu&#7849;n b&aacute;o c&aacute;o c&#7911;a th&#7883; tr&#432;&#7901;ng c&ocirc;ng khai. &#272;i&#7873;u n&agrave;y s&#7869; t&#7841;o ra m&#7897;t c&#7847;u n&#7889;i gi&#7919;a t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng v&agrave; l&#297;nh v&#7921;c ti&#7873;n &#273;i&#7879;n t&#7917;, cho ph&eacute;p c&aacute;c t&#7893; ch&#7913;c c&oacute; &#273;&#432;&#7907;c s&#7921; ti&#7871;p c&#7853;n v&#7899;i BNB m&agrave; kh&ocirc;ng c&#7847;n n&#7855;m gi&#7919; tr&#7921;c ti&#7871;p token n&agrave;y.</p>
<p>Zhao l&#7853;p lu&#7853;n r&#7857;ng m&#7897;t s&#7855;p x&#7871;p nh&#432; v&#7853;y c&oacute; th&#7875; gi&uacute;p chuy&#7875;n v&#7889;n v&agrave;o h&#7879; sinh th&aacute;i BNB trong khi cung c&#7845;p cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432; truy&#7873;n th&#7889;ng m&#7897;t ph&#432;&#417;ng ti&#7879;n &#273;&#7847;u t&#432; tu&acirc;n th&#7911; v&agrave; quen thu&#7897;c.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-stablecoins-and-real-world-asset-tokenization">Stablecoins v&agrave; m&atilde; h&oacute;a t&agrave;i s&#7843;n th&#7921;c</h2>

<p>M&#7863;c d&ugrave; BNB hi&#7879;n c&oacute; m&#7863;t tr&ecirc;n th&#7883; tr&#432;&#7901;ng, Zhao tin r&#7857;ng h&#7879; sinh th&aacute;i v&#7851;n ch&#432;a ph&aacute;t tri&#7875;n &#273;&#7847;y &#273;&#7911; &#7903; c&aacute;c l&#297;nh v&#7921;c quan tr&#7885;ng nh&#432; stablecoin v&agrave; s&#7921; ch&#7845;p nh&#7853;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c. &Ocirc;ng nh&#7845;n m&#7841;nh c&#417; h&#7897;i r&#7897;ng l&#7899;n trong th&#7883; tr&#432;&#7901;ng stablecoin, m&agrave; &ocirc;ng g&#7885;i l&agrave; m&#7897;t trong nh&#7919;ng ph&acirc;n kh&uacute;c c&oacute; l&#7907;i nhu&#7853;n nh&#7845;t trong ti&#7873;n &#273;i&#7879;n t&#7917;. C&aacute;c stablecoin nh&#432; USDT v&agrave; USDC ch&#7881; m&#7899;i ra m&#7855;t tr&ecirc;n <a href="https://www.bnbchain.org/" target="_blank" rel="noreferrer noopener">BNB Chain</a>, &#273;&#7875; l&#7841;i kh&ocirc;ng gian cho c&aacute;c d&#7921; &aacute;n s&aacute;ng t&#7841;o c&#7841;nh tranh v&agrave; m&#7903; r&#7897;ng.</p>
<p>Zhao l&#432;u &yacute; r&#7857;ng stablecoin &#273;&oacute;ng vai tr&ograve; quan tr&#7885;ng cho ng&#432;&#7901;i d&ugrave;ng to&agrave;n c&#7847;u, cung c&#7845;p m&#7897;t ph&#432;&#417;ng ti&#7879;n &#7893;n &#273;&#7883;nh v&agrave; kh&ocirc;ng bi&ecirc;n gi&#7899;i cho c&aacute;c giao d&#7883;ch th&#432;&#7901;ng xuy&ecirc;n, chi ph&iacute; th&#7845;p. &Ocirc;ng coi ch&uacute;ng l&agrave; n&#7873;n t&#7843;ng cho s&#7921; t&#259;ng tr&#432;&#7903;ng trong t&#432;&#417;ng lai, &#273;&#7863;c bi&#7879;t khi nhi&#7873;u ho&#7841;t &#273;&#7897;ng t&agrave;i ch&iacute;nh chuy&#7875;n l&ecirc;n chu&#7895;i.</p>
<p>M&#7897;t &#273;&#7897;ng l&#7921;c t&#259;ng tr&#432;&#7903;ng l&#7899;n kh&aacute;c, theo Zhao, l&agrave; vi&#7879;c token h&oacute;a <a href="https://vn.beincrypto.com/rwa-capital-in-2025-the-shift-from-safe-treasuries-to-high-yield-private-credit/">t&agrave;i s&#7843;n th&#7921;c (RWA)</a>. &Ocirc;ng coi qu&aacute; tr&igrave;nh n&agrave;y l&agrave; kh&ocirc;ng th&#7875; tr&aacute;nh kh&#7887;i, b&#7855;t &#273;&#7847;u v&#7899;i c&aacute;c c&ocirc;ng c&#7909; t&agrave;i ch&iacute;nh t&#7921; nhi&ecirc;n ph&ugrave; h&#7907;p v&#7899;i giao d&#7883;ch k&#7929; thu&#7853;t s&#7889;. Zhao m&ocirc; t&#7843; s&#7921; h&#7897;i t&#7909; n&agrave;y c&#7911;a t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng v&agrave; t&agrave;i ch&iacute;nh phi t&#7853;p trung l&agrave; m&#7897;t c&#417; h&#7897;i h&#7907;p t&aacute;c h&#417;n l&agrave; m&#7897;t cu&#7897;c &#273;&#7845;u tranh c&#7841;nh tranh.</p>
<p>&Ocirc;ng nh&#7845;n m&#7841;nh r&#7857;ng th&agrave;nh c&ocirc;ng c&#7911;a BNB kh&ocirc;ng n&ecirc;n &#273;&#432;&#7907;c &#273;o l&#432;&#7901;ng so v&#7899;i c&aacute;c token &#273;&#7889;i th&#7911; m&agrave; b&#7857;ng kh&#7843; n&#259;ng &#273;&#432;a m&#7897;t &#273;&#7871;n hai t&#7927; ng&#432;&#7901;i ti&#7871;p theo v&agrave;o n&#7873;n kinh t&#7871; k&#7929; thu&#7853;t s&#7889; r&#7897;ng l&#7899;n h&#417;n. Theo &ocirc;ng, s&#7921; h&#7907;p t&aacute;c gi&#7919;a <a href="https://beincrypto.com/learn/tradfi-vs-defi-guide/" target="_blank" rel="noreferrer noopener">c&aacute;c t&#7893; ch&#7913;c t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng v&agrave; c&aacute;c d&#7921; &aacute;n ti&#7873;n &#273;i&#7879;n t&#7917;</a> s&#7869; x&aacute;c &#273;&#7883;nh s&#7921; th&agrave;nh c&ocirc;ng l&acirc;u d&agrave;i c&#7911;a h&#7879; sinh th&aacute;i.</p>


CZ vạch ra giai đoạn tăng trưởng tiếp theo của BNB và con đường cho các tổ chức