<p>Ondo Finance v&#7915;a c&ocirc;ng b&#7889; h&#7907;p t&aacute;c l&#7899;n v&#7899;i MetaMask &#273;&#7875; mang ch&#7913;ng kho&aacute;n M&#7929; v&agrave; c&aacute;c qu&#7929; ETF d&#7841;ng token h&oacute;a tr&#7921;c ti&#7871;p l&ecirc;n v&iacute; t&#7921; qu&#7843;n l&yacute; ph&#7893; bi&#7871;n n&agrave;y.</p>
<p>Tuy nhi&ecirc;n, gi&aacute; ONDO token h&#7847;u nh&#432; kh&ocirc;ng bi&#7871;n &#273;&#7897;ng tr&#432;&#7899;c th&ocirc;ng tin n&agrave;y, ti&#7871;p t&#7909;c &#273;&agrave; gi&#7843;m su&#7889;t m&#7897;t th&aacute;ng qua v&#7899;i m&#7913;c s&#7909;t h&#417;n 1/3 gi&aacute; tr&#7883;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-metamask-opens-door-to-tokenized-securities">MetaMask m&#7903; ra c&#417; h&#7897;i ti&#7871;p c&#7853;n ch&#7913;ng kho&aacute;n d&#7841;ng token</h2>

<p>MetaMask v&agrave; Ondo Finance <a href="https://metamask.io/ko/news/metamask-adds-tokenized-us-stocks-etfs-and-commodities-via-ondo-global" target="_blank" rel="noreferrer noopener">c&ocirc;ng b&#7889; t&iacute;ch h&#7907;p</a> t&#7841;i h&#7897;i ngh&#7883; Ondo Global Summit ng&agrave;y 03/02/2024. S&#7921; h&#7907;p t&aacute;c n&agrave;y gi&uacute;p MetaMask cung c&#7845;p h&#417;n 200 lo&#7841;i ch&#7913;ng kho&aacute;n M&#7929; d&#7841;ng token h&oacute;a cho ng&#432;&#7901;i d&ugrave;ng tr&ecirc;n &#7913;ng d&#7909;ng &#273;i&#7879;n tho&#7841;i th&ocirc;ng qua Ondo Global Markets.</p>
<p>Ng&#432;&#7901;i d&ugrave;ng t&#7841;i c&aacute;c khu v&#7921;c h&#7895; tr&#7907; c&oacute; th&#7875; mua, gi&#7919; v&agrave; giao d&#7883;ch c&aacute;c m&atilde; c&#7893; phi&#7871;u l&#7899;n &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a nh&#432; Tesla, NVIDIA, Apple, Microsoft, Amazon. Ngo&agrave;i ra c&ograve;n c&oacute; c&aacute;c ETF nh&#432; SLV &#273;&#7841;i di&#7879;n b&#7841;c, IAU cho v&agrave;ng v&agrave; QQQ cho nh&oacute;m c&ocirc;ng ngh&#7879;.</p>
<p>T&iacute;ch h&#7907;p n&agrave;y ho&#7841;t &#273;&#7897;ng qua MetaMask Swaps tr&ecirc;n m&#7841;ng Ethereum. Ng&#432;&#7901;i d&ugrave;ng s&#7917; d&#7909;ng USDC &#273;&#7875; mua token c&#7911;a Ondo Global Markets, v&#7899;i giao d&#7883;ch di&#7877;n ra 24/5 (24 gi&#7901;/ng&agrave;y, 5 ng&agrave;y/tu&#7847;n). Vi&#7879;c chuy&#7875;n token c&oacute; th&#7875; th&#7921;c hi&#7879;n b&#7845;t k&#7923; l&uacute;c n&agrave;o.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;Vi&#7879;c ti&#7871;p c&#7853;n th&#7883; tr&#432;&#7901;ng M&#7929; v&#7851;n &#273;ang b&#7883; ph&#7909; thu&#7897;c v&agrave;o h&#7879; th&#7889;ng c&#361;. T&agrave;i kho&#7843;n m&ocirc;i gi&#7899;i, &#7913;ng d&#7909;ng ph&acirc;n m&#7843;nh v&agrave; khung th&#7901;i gian giao d&#7883;ch h&#7841;n ch&#7871; v&#7851;n ch&#432;a thay &#273;&#7893;i nhi&#7873;u,&rdquo; Joe Lubin, Nh&agrave; s&aacute;ng l&#7853;p Consensys v&agrave; &#272;&#7891;ng s&aacute;ng l&#7853;p Ethereum chia s&#7867;. &ldquo;Mang ch&#7913;ng kho&aacute;n M&#7929; v&agrave; ETF d&#7841;ng token h&oacute;a c&#7911;a Ondo v&agrave;o th&#7859;ng MetaMask &#273;&atilde; cho th&#7845;y m&#7897;t m&ocirc; h&igrave;nh c&#7843;i ti&#7871;n h&#417;n r&#7845;t nhi&#7873;u.&rdquo;</p>
</blockquote>

<p>&Ocirc;ng Ian De Bode, Ch&#7911; t&#7883;ch Ondo Finance, nh&#7845;n m&#7841;nh gi&aacute; tr&#7883; chi&#7871;n l&#432;&#7907;c c&#7911;a vi&#7879;c ti&#7871;p c&#7853;n c&#7897;ng &#273;&#7891;ng ng&#432;&#7901;i d&ugrave;ng r&#7897;ng l&#7899;n tr&ecirc;n MetaMask. &Ocirc;ng cho bi&#7871;t t&iacute;ch h&#7907;p n&agrave;y mang &#273;&#7871;n b&#7843;ng gi&aacute; h&#7845;p d&#7851;n t&#432;&#417;ng t&#7921; c&aacute;c c&ocirc;ng ty m&ocirc;i gi&#7899;i truy&#7873;n th&#7889;ng nh&#432; Robinhood, nh&#432;ng trong m&ocirc;i tr&#432;&#7901;ng t&#7921; qu&#7843;n, minh b&#7841;ch tr&ecirc;n blockchain.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-geographic-restrictions-limit-impact">H&#7841;n ch&#7871; &#273;&#7883;a l&yacute; l&agrave;m gi&#7843;m &#7843;nh h&#432;&#7903;ng</h2>

<p>D&ugrave; th&ocirc;ng b&aacute;o ho&agrave;nh tr&aacute;ng, th&#7921;c t&#7871; l&#7841;i &#273;i k&egrave;m nhi&#7873;u h&#7841;n ch&#7871; quan tr&#7885;ng. Danh s&aacute;ch v&ugrave;ng kh&ocirc;ng h&#7895; tr&#7907; g&#7847;n nh&#432; bao tr&ugrave;m c&aacute;c th&#7883; tr&#432;&#7901;ng t&agrave;i ch&iacute;nh l&#7899;n nh&#7845;t th&#7871; gi&#7899;i.</p>
<p>Ng&#432;&#7901;i d&ugrave;ng t&#7841;i M&#7929;, Khu v&#7921;c Kinh t&#7871; ch&acirc;u &Acirc;u, V&#432;&#417;ng qu&#7889;c Anh, Th&#7909;y S&#297;, Canada, Trung Qu&#7889;c (bao g&#7891;m c&#7843; Hong Kong), Singapore, Nh&#7853;t B&#7843;n, H&agrave;n Qu&#7889;c v&agrave; Brazil &#273;&#7873;u kh&ocirc;ng th&#7875; s&#7917; d&#7909;ng d&#7883;ch v&#7909; n&agrave;y. V&#7899;i c&aacute;c gi&#7899;i h&#7841;n n&agrave;y, d&#7883;ch v&#7909; ch&#7881; &#273;&#432;&#7907;c cung c&#7845;p t&#7841;i c&aacute;c th&#7883; tr&#432;&#7901;ng m&#7899;i n&#7893;i c&oacute; quy &#273;&#7883;nh l&#7887;ng l&#7867;o h&#417;n.</p>
<p>&#272;&acirc;y c&oacute; l&#7869; l&agrave; l&yacute; do khi&#7871;n gi&aacute; ONDO ph&#7843;n &#7913;ng kh&aacute; l&#7841;nh nh&#7841;t. V&#7873; c&ocirc;ng ngh&#7879;, &#273;&acirc;y l&agrave; b&#432;&#7899;c ti&#7871;n l&#7899;n, nh&#432;ng th&#7921;c t&#7871; l&#432;&#7907;ng ng&#432;&#7901;i c&oacute; th&#7875; ti&#7871;p c&#7853;n d&#7883;ch v&#7909; l&#7841;i r&#7845;t nh&#7887;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-ondo-token-shrugs-off-the-news">ONDO token kh&ocirc;ng b&#7883; &#7843;nh h&#432;&#7903;ng b&#7903;i tin t&#7913;c</h2>

<p>&#272;&#7871;n t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i, ONDO token giao d&#7883;ch &#7903; m&#7913;c 0.2811 USD, s&#7909;t 37.3% trong v&ograve;ng m&#7897;t th&aacute;ng qua. Bi&#7871;n &#273;&#7897;ng trong 24 gi&#7901; ch&#7881; gi&#7843;m nh&#7865; 0.2%, cho th&#7845;y th&#7883; tr&#432;&#7901;ng kh&ocirc;ng cho r&#7857;ng th&ocirc;ng tin n&agrave;y s&#7869; gi&uacute;p ONDO t&#259;ng gi&aacute; tr&#7883;.</p>
<p>Nh&igrave;n v&agrave;o bi&#7875;u &#273;&#7891; th&aacute;ng, gi&aacute; ONDO gi&#7843;m li&ecirc;n t&#7909;c t&#7915; v&ugrave;ng 0.45 USD &#273;&#7847;u th&aacute;ng 01/2024 xu&#7889;ng g&#7847;n 0.28 USD hi&#7879;n t&#7841;i. Tin t&#7913;c h&#7907;p t&aacute;c c&ugrave;ng MetaMask kh&ocirc;ng th&#7875; gi&uacute;p &#273;&#7843;o chi&#7873;u ho&#7863;c l&agrave;m ch&#7853;m l&#7841;i &#273;&agrave; gi&#7843;m n&agrave;y.</p>
<p>D&#7919; li&#7879;u th&#7883; tr&#432;&#7901;ng ghi nh&#7853;n v&#7889;n h&oacute;a ONDO &#273;&#7841;t 1.37 t&#7927; USD, t&#7893;ng gi&aacute; tr&#7883; b&#7883; kh&oacute;a (TVL) v&#432;&#7907;t 2 t&#7927; USD. Vi&#7879;c c&aacute;c ch&#7881; s&#7889; giao th&#7913;c ph&aacute;t tri&#7875;n t&iacute;ch c&#7921;c nh&#432;ng gi&aacute; token l&#7841;i gi&#7843;m ph&#7843;n &aacute;nh th&#7921;c tr&#7841;ng chung trong l&#297;nh v&#7921;c t&agrave;i s&#7843;n th&#7921;c token h&oacute;a.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-rwa-tokens-struggle-despite-sector-growth">RWA token g&#7863;p kh&oacute; kh&#259;n d&ugrave; l&#297;nh v&#7921;c n&agrave;y &#273;ang ph&aacute;t tri&#7875;n</h2>

<p>Gi&aacute; ONDO cho th&#7845;y xu h&#432;&#7899;ng ph&#7893; bi&#7871;n &#7903; c&aacute;c token qu&#7843;n tr&#7883; t&agrave;i s&#7843;n th&#7921;c (RWA). Theo <a href="https://assets.coingecko.com/reports/2025/CoinGecko-2025-RWA-Report.pdf" target="_blank" rel="noreferrer noopener">B&aacute;o c&aacute;o RWA 2025 c&#7911;a CoinGecko</a>, h&#7847;u h&#7871;t token trong l&#297;nh v&#7921;c n&agrave;y &#273;&#7873;u t&#259;ng tr&#432;&#7903;ng &acirc;m trong giai &#273;o&#7841;n t&#7915; 01/2024 &#273;&#7871;n 04/2025, v&#7899;i m&#7913;c gi&#7843;m dao &#273;&#7897;ng t&#7915; -26% &#273;&#7871;n -79%.</p>
<table class="has-fixed-layout"><thead><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><th class="whitespace-nowrap py-3.5 px-2.5 lg:px-4 s4 s4--ns lg:s3 lg:s3--ns lg:s3--medium lg:s3--normal-case text-grey-600 text-left">Token</th><th class="whitespace-nowrap py-3.5 px-2.5 lg:px-4 s4 s4--ns lg:s3 lg:s3--ns lg:s3--medium lg:s3--normal-case text-grey-600 text-left">Protocol</th><th class="whitespace-nowrap py-3.5 px-2.5 lg:px-4 s4 s4--ns lg:s3 lg:s3--ns lg:s3--medium lg:s3--normal-case text-grey-600 text-left">Return</th></tr></thead><tbody><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">ONDO</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">Ondo Finance</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">+314.1%</td></tr><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">OM</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">MANTRA</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">+733.9% &rarr; sau &#273;&oacute; s&#7909;t 90%</td></tr><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">SYRUP</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">Maple Finance</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">+24.0%</td></tr><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">CFG</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">Centrifuge</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">dao &#273;&#7897;ng t&#7915; -26% &#273;&#7871;n -79%</td></tr><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">GFI</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">Goldfinch</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">dao &#273;&#7897;ng t&#7915; -26% &#273;&#7871;n -79%</td></tr><tr class="border-grey-200  border-y bg-white [&amp;_th]:bg-white"><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">ENA</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">Ethena</td><td class="px-2.5 lg:px-4 py-2 lg:py-3.5 p5 p5--medium lg:p4 lg:p4--medium border-r border-white text-left">dao &#273;&#7897;ng t&#7915; -26% &#273;&#7871;n -79%</td></tr></tbody></table>Hi&#7879;u su&#7845;t gi&aacute; Token qu&#7843;n tr&#7883; RWA (01/2024 &ndash; 04/2025). Ngu&#7891;n: CoinGecko

<p>B&aacute;o c&aacute;o cho r&#7857;ng nguy&ecirc;n nh&acirc;n ch&iacute;nh &#273;&#7871;n t&#7915; c&#7845;u tr&uacute;c d&ograve;ng ti&#7873;n. Trong giai &#273;o&#7841;n th&#7883; tr&#432;&#7901;ng t&#259;ng tr&#432;&#7903;ng, c&aacute;c giao th&#7913;c cho vay DeFi mang l&#7841;i c&#417; h&#7897;i l&#7907;i su&#7845;t h&#7845;p d&#7851;n m&agrave; kh&ocirc;ng c&#7847;n ti&#7871;p x&uacute;c v&#7899;i t&agrave;i s&#7843;n th&#7921;c. B&ecirc;n c&#7841;nh &#273;&oacute;, d&ograve;ng ti&#7873;n l&#7899;n l&#7841;i ch&#7843;y v&agrave;o c&aacute;c s&#7843;n ph&#7849;m &#273;&#7847;u t&#432; t&#7893; ch&#7913;c nh&#432; qu&#7929; BUIDL c&#7911;a BlackRock hay c&aacute;c gi&#7843;i ph&aacute;p li&ecirc;n quan stablecoin thay v&igrave; token qu&#7843;n tr&#7883;.</p>
<p>Gi&aacute; tr&#7883; v&#7889;n h&oacute;a c&#7911;a c&aacute;c tr&aacute;i phi&#7871;u d&#7841;ng token h&oacute;a &#273;&atilde; t&#259;ng 544% l&ecirc;n 5.6 t&#7927; USD, v&#7899;i qu&#7929; BUIDL c&#7911;a BlackRock n&#7855;m t&#7899;i 44% th&#7883; ph&#7847;n. C&aacute;c giao th&#7913;c t&iacute;n d&#7909;ng t&#432; nh&acirc;n nh&#432; Maple Finance c&#361;ng d&#7851;n &#273;&#7847;u th&#7883; ph&#7847;n, chi&#7871;m t&#7899;i 67% t&#7893;ng gi&aacute; tr&#7883; kho&#7843;n vay. Tuy nhi&ecirc;n, c&aacute;c th&agrave;nh c&ocirc;ng n&agrave;y l&#7841;i &iacute;t khi chuy&#7875;n th&agrave;nh l&#7907;i nhu&#7853;n th&#7921;c t&#7871; cho ng&#432;&#7901;i n&#7855;m gi&#7919; token.</p>
<p>M&ocirc; h&igrave;nh n&agrave;y cho th&#7845;y token qu&#7843;n tr&#7883; RWA hi&#7879;n ch&#7911; y&#7871;u mang t&iacute;nh &#273;&#7847;u c&#417;, thay v&igrave; tr&#7921;c ti&#7871;p &#273;&#7841;i di&#7879;n cho s&#7921; ph&aacute;t tri&#7875;n c&#7911;a giao th&#7913;c.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-comes-next">&#272;i&#7873;u g&igrave; s&#7869; x&#7843;y ra ti&#7871;p theo</h2>

<p>T&iacute;ch h&#7907;p v&#7899;i MetaMask gi&uacute;p Ondo c&oacute; v&#7883; th&#7871; s&#7861;n s&agrave;ng b&ugrave;ng n&#7893; n&#7871;u c&aacute;c quy &#273;&#7883;nh ph&aacute;p l&yacute; d&#7847;n n&#7899;i l&#7887;ng. H&#7841; t&#7847;ng giao d&#7883;ch ch&#7913;ng kho&aacute;n token h&oacute;a &#273;&atilde; s&#7861;n s&agrave;ng ho&#7841;t &#273;&#7897;ng li&#7873;n m&#7841;ch ngay trong v&iacute; t&#7921; qu&#7843;n l&yacute; l&#7899;n nh&#7845;t th&#7883; tr&#432;&#7901;ng.</p>
<p>Nh&#432;ng cho t&#7899;i l&uacute;c c&aacute;c th&#7883; tr&#432;&#7901;ng l&#7899;n &#273;&#432;&#7907;c m&#7903; c&#7917;a, t&aacute;c &#273;&#7897;ng th&#7921;c t&#7871; v&#7851;n c&ograve;n h&#7841;n ch&#7871;. &#272;&#7889;i v&#7899;i <a href="https://vn.beincrypto.com/ondo-drops-while-tvl-hits-a-new-ath/" target="_blank" rel="noreferrer noopener">ng&#432;&#7901;i n&#7855;m gi&#7919; ONDO</a>, &#273;&acirc;y l&agrave; l&#7901;i nh&#7855;c n&#7919;a r&#7857;ng c&aacute;c d&#7845;u m&#7889;c ph&aacute;t tri&#7875;n v&#7873; giao th&#7913;c v&agrave; hi&#7879;u qu&#7843; gi&aacute; token th&#432;&#7901;ng kh&ocirc;ng song h&agrave;nh trong l&#297;nh v&#7921;c t&agrave;i s&#7843;n th&#7921;c token h&oacute;a.</p>


Ondo đi ngang sau khi tích hợp chứng khoán token hóa của MetaMask, dù đã giảm 37% trong tháng qua