<p>Depository Trust &amp; Clearing Corporation (DTCC) &#273;&atilde; &#273;&#432;&#7907;c &#7910;y ban Ch&#7913;ng kho&aacute;n v&agrave; S&agrave;n giao d&#7883;ch M&#7929; (SEC) cho ph&eacute;p th&#7917; nghi&#7879;m d&#7883;ch v&#7909; token h&oacute;a theo quy &#273;&#7883;nh c&#7911;a ph&aacute;p lu&#7853;t.</p>
<p>&#272;&acirc;y l&agrave; m&#7897;t b&#432;&#7899;c ti&#7871;n quan tr&#7885;ng gi&uacute;p k&#7871;t n&#7889;i gi&#7919;a t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng (TradFi) v&agrave; t&agrave;i ch&iacute;nh phi t&#7853;p trung (DeFi). D&#7921; &aacute;n n&agrave;y c&ograve;n c&oacute; th&#7875; t&#7841;o ra nhi&#7873;u l&#7907;i &iacute;ch cho c&aacute;c t&agrave;i s&#7843;n trong th&#7883; tr&#432;&#7901;ng ti&#7873;n m&atilde; h&oacute;a.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-dtcc-receives-sec-nod-for-asset-tokenization">DTCC nh&#7853;n &#273;&#432;&#7907;c s&#7921; ch&#7845;p thu&#7853;n c&#7911;a SEC cho vi&#7879;c token h&oacute;a t&agrave;i s&#7843;n</h2>

<p>Theo th&ocirc;ng b&aacute;o m&#7899;i nh&#7845;t, c&ocirc;ng ty con c&#7911;a DTCC l&agrave; The Depository Trust Company (DTC) &#273;&atilde; nh&#7853;n &#273;&#432;&#7907;c th&#432; &ldquo;No-Action&rdquo; t&#7915; SEC. Th&#432; n&agrave;y cho ph&eacute;p DTC <a href="https://vn.beincrypto.com/trump-saudi-tokenized-real-estate-investment/" target="_blank" rel="noreferrer noopener">token h&oacute;a c&aacute;c t&agrave;i s&#7843;n th&#7921;c</a> do DTC l&#432;u k&yacute;, tu&acirc;n th&#7911; c&aacute;c quy &#273;&#7883;nh li&ecirc;n bang hi&#7879;n t&#7841;i v&#7873; ch&#7913;ng kho&aacute;n. D&#7883;ch v&#7909; n&agrave;y d&#7921; ki&#7871;n s&#7869; &#273;&#432;&#7907;c tri&#7875;n khai t&#7915; n&#7917;a cu&#7889;i n&#259;m 2026.</p>
<p>Th&#432; No-Action cho ph&eacute;p DTC cung c&#7845;p <a href="https://beincrypto.com/learn/rwa-explained/" target="_blank" rel="noreferrer noopener">d&#7883;ch v&#7909; token h&oacute;a</a> trong th&#7901;i gian th&#7917; nghi&#7879;m k&eacute;o d&agrave;i ba n&#259;m. Trong giai &#273;o&#7841;n n&agrave;y, DTC c&oacute; th&#7875; ph&aacute;t h&agrave;nh c&aacute;c t&agrave;i s&#7843;n s&#7889; h&oacute;a tr&ecirc;n blockchain &#273;&#7841;i di&#7879;n cho m&#7897;t s&#7889; ch&#7913;ng kho&aacute;n truy&#7873;n th&#7889;ng, c&aacute;c token s&#7889; n&agrave;y v&#7851;n gi&#7919; nguy&ecirc;n quy&#7873;n s&#7903; h&#7919;u, quy&#7873;n l&#7907;i ph&aacute;p l&yacute; v&agrave; s&#7921; b&#7843;o v&#7879; nh&agrave; &#273;&#7847;u t&#432; gi&#7889;ng nh&#432; t&agrave;i s&#7843;n truy&#7873;n th&#7889;ng.</p>
<p>Theo DTCC, vi&#7879;c c&#7845;p ph&eacute;p n&agrave;y ch&#7881; &aacute;p d&#7909;ng cho m&#7897;t nh&oacute;m t&agrave;i s&#7843;n c&oacute; t&iacute;nh thanh kho&#7843;n cao. C&#7909; th&#7875; l&agrave; c&aacute;c c&#7893; phi&#7871;u n&#7857;m trong <a href="https://vn.beincrypto.com/what-does-the-russell-2000-breakout-signal-mean-for-crypto/" target="_blank" rel="noreferrer noopener">ch&#7881; s&#7889; Russell 1000</a>, c&aacute;c qu&#7929; ETF b&aacute;m s&aacute;t c&aacute;c ch&#7881; s&#7889; l&#7899;n, v&agrave; c&#7843; <a href="https://vn.beincrypto.com/tether-depeg-risk-japan-treasury-selloff/" target="_blank" rel="noreferrer noopener">tr&aacute;i phi&#7871;u, t&iacute;n phi&#7871;u, k&#7923; phi&#7871;u kho b&#7841;c M&#7929;</a>.</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;Token h&oacute;a th&#7883; tr&#432;&#7901;ng ch&#7913;ng kho&aacute;n M&#7929; c&oacute; th&#7875; mang l&#7841;i nhi&#7873;u l&#7907;i &iacute;ch c&aacute;ch m&#7841;ng nh&#432; t&#259;ng kh&#7843; n&#259;ng di chuy&#7875;n t&agrave;i s&#7843;n th&#7871; ch&#7845;p, b&#7893; sung ph&#432;&#417;ng th&#7913;c giao d&#7883;ch m&#7899;i, giao d&#7883;ch 24/7 v&agrave; t&agrave;i s&#7843;n l&#7853;p tr&igrave;nh th&ocirc;ng minh. Tuy nhi&ecirc;n, &#273;i&#7873;u n&agrave;y ch&#7881; th&agrave;nh hi&#7879;n th&#7921;c n&#7871;u h&#7841; t&#7847;ng th&#7883; tr&#432;&#7901;ng &#273;&#432;&#7907;c x&acirc;y d&#7921;ng &#273;&#7911; v&#7919;ng ch&#7855;c &#273;&#7875; kh&#7903;i &#273;&#7847;u cho th&#7901;i &#273;&#7841;i s&#7889; h&oacute;a m&#7899;i n&agrave;y,&rdquo; &ocirc;ng Frank La Salla, Ch&#7911; t&#7883;ch ki&ecirc;m CEO c&#7911;a DTCC <a href="https://www.dtcc.com/news/2025/december/11/paving-the-way-to-tokenized-dtc-custodied-assets" target="_blank" rel="noreferrer noopener nofollow">ph&aacute;t bi&#7875;u</a>.</p>
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-which-altcoins-could-gain-from-dtcc-s-tokenization-service">Nh&#7919;ng altcoin n&agrave;o c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i t&#7915; d&#7883;ch v&#7909; tokenization c&#7911;a DTCC?</h2>

<p>DTCC nh&#7845;n m&#7841;nh r&#7857;ng t&#7893; ch&#7913;c n&agrave;y ch&#7881; &#273;&#432;&#7907;c ph&eacute;p cung c&#7845;p d&#7883;ch v&#7909; token h&oacute;a &#7903; &ldquo;m&ocirc;i tr&#432;&#7901;ng s&#7843;n xu&#7845;t gi&#7899;i h&#7841;n tr&ecirc;n m&#7897;t s&#7889; blockchain &#273;&#432;&#7907;c ch&#7885;n l&#7885;c&rdquo;. Tuy v&#7853;y, hi&#7879;n t&#7841;i v&#7851;n ch&#432;a c&ocirc;ng b&#7889; s&#7869; s&#7917; d&#7909;ng blockchain n&agrave;o cho d&#7883;ch v&#7909; n&agrave;y.</p>
<p>Tuy ch&#432;a r&otilde; blockchain n&agrave;o s&#7869; &#273;&#432;&#7907;c l&#7921;a ch&#7885;n, nh&#432;ng &#273;&#7897;ng th&aacute;i n&agrave;y &#273;&atilde; l&agrave;m d&#7845;y l&ecirc;n nhi&#7873;u d&#7921; &#273;o&aacute;n trong c&#7897;ng &#273;&#7891;ng ti&#7873;n s&#7889; v&#7873; nh&#7919;ng h&#7879; sinh th&aacute;i c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i t&#7915; vi&#7879;c DTCC tham gia v&agrave;o token h&oacute;a. D&#432;&#7899;i &#273;&acirc;y l&agrave; ba &#273;&#7891;ng altcoin ti&#7873;m n&#259;ng c&oacute; th&#7875; &#273;&#432;&#7907;c h&#432;&#7903;ng l&#7907;i:</p>
<h3 class="wp-block-heading" id="h-1-ethereum-eth">1. Ethereum (ETH)</h3>

<p>Ethereum hi&#7879;n &#273;&#432;&#7907;c <a href="https://x.com/drjasper_eth/status/1999248140143313034?s=20" target="_blank" rel="noreferrer noopener nofollow">xem l&agrave;</a> &#7913;ng c&#7917; vi&ecirc;n h&agrave;ng &#273;&#7847;u cho d&#7883;ch v&#7909; n&agrave;y. <a href="https://x.com/matthew_sigel/status/1999307407181177204?s=20" target="_blank" rel="noreferrer noopener nofollow">Theo</a> &ocirc;ng Matthew Sigel &ndash; Tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u t&agrave;i s&#7843;n s&#7889; t&#7841;i VanEck, kh&#7843; n&#259;ng DTCC ch&#7885;n Ethereum l&agrave; &ldquo;99%&rdquo;.</p>
<p>D&#7919; li&#7879;u on-chain c&#361;ng c&#7911;ng c&#7889; nh&#7853;n &#273;&#7883;nh n&agrave;y. T&iacute;nh &#273;&#7871;n ng&agrave;y 12/12/2025, t&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n th&#7921;c &#273;&#432;&#7907;c token h&oacute;a &#273;&atilde; &#273;&#7841;t kho&#7843;ng 18.48 t&#7927; USD, ri&ecirc;ng Ethereum chi&#7871;m &#273;&#7871;n 66% th&#7883; ph&#7847;n n&agrave;y.</p>
<p>Theo d&#7919; li&#7879;u t&#7915; RWA.xyz <a href="https://app.rwa.xyz/" target="_blank" rel="noreferrer noopener nofollow">th&#7889;ng k&ecirc;</a>, hi&#7879;n c&oacute; kho&#7843;ng 12.2 t&#7927; USD t&agrave;i s&#7843;n th&#7921;c &#273;&atilde; token h&oacute;a &#273;&#432;&#7907;c ph&aacute;t h&agrave;nh tr&ecirc;n m&#7841;ng Ethereum, gi&uacute;p n&#7873;n t&#7843;ng n&agrave;y gi&#7919; v&#7883; tr&iacute; blockchain c&ocirc;ng khai h&agrave;ng &#273;&#7847;u trong m&#7843;ng n&agrave;y.</p>
<p>V&#7899;i vai tr&ograve; &#273;&atilde; &#273;&#432;&#7907;c &#273;&#7883;nh h&igrave;nh trong vi&#7879;c ph&aacute;t h&agrave;nh t&agrave;i s&#7843;n s&#7889; h&oacute;a, c&ugrave;ng v&#7899;i t&iacute;nh b&#7843;o m&#7853;t v&agrave; h&#7879; sinh th&aacute;i nh&agrave; ph&aacute;t tri&#7875;n r&#7897;ng l&#7899;n, Ethereum c&agrave;ng n&acirc;ng cao v&#7883; th&#7871; c&#7911;a m&igrave;nh. DTCC c&#361;ng t&#7915;ng s&#7917; d&#7909;ng Ethereum trong nhi&#7873;u d&#7921; &aacute;n tr&#432;&#7899;c &#273;&acirc;y.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/V1PZCLunXOVLqn8FILusDMRtr9s=/smart/1fd56adbbfc54c56bf451fac3d02ad6e" alt="DTCC and Ethereum" class="wp-image-781726">DTCC v&agrave; c&aacute;c s&aacute;ng ki&#7871;n c&ugrave;ng Ethereum. Ngu&#7891;n:<a href="https://x.com/corcoranwill/status/1999278316893958303" target="_blank" rel="noreferrer noopener nofollow"> X/Will Corcoran</a>

<p>V&#7883; th&#7871; n&agrave;y gi&uacute;p Ethereum c&oacute; th&#7875; t&#7853;n d&#7909;ng ph&iacute; giao d&#7883;ch v&agrave; d&ograve;ng thanh kho&#7843;n t&#7915; ch&#7913;ng kho&aacute;n &#273;&#432;&#7907;c token h&oacute;a<a href="https://beincrypto.com/learn/tokenization-rwas/" target="_blank" rel="noreferrer noopener">, t&#7841;o ti&#7873;n &#273;&#7873; th&uacute;c &#273;&#7849;y</a> tr&#7903; th&agrave;nh l&#7899;p n&#7873;n t&#7843;ng cho t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u trong t&#432;&#417;ng lai.</p>
<h3 class="wp-block-heading" id="h-2-chainlink-link">2. Chainlink (LINK)</h3>

<p>&#272;&#7889;i th&#7911; n&#7863;ng k&yacute; ti&#7871;p theo l&agrave; <a href="https://x.com/CatfishFishy/status/1999271090666033274?s=20" target="_blank" rel="noreferrer noopener nofollow">Chainlink</a>. Chainlink th&#432;&#7901;ng <a href="https://vn.beincrypto.com/chainlink-sbi-exclusive-deal-token-scarcity/" target="_blank" rel="noreferrer noopener">&#273;&#432;&#7907;c &#273;&aacute;nh gi&aacute; l&agrave; c&#7847;u n&#7889;i</a> gi&#7919;a c&aacute;c h&#7879; th&#7889;ng on-chain v&agrave; off-chain, ph&ugrave; h&#7907;p v&#7899;i &#273;&#7883;nh h&#432;&#7899;ng token h&oacute;a theo quy &#273;&#7883;nh, &#273;&#7843;m b&#7843;o t&iacute;nh x&aacute;c th&#7921;c d&#7919; li&#7879;u v&agrave; kh&#7843; n&#259;ng t&#432;&#417;ng t&aacute;c m&agrave; DTCC h&#432;&#7899;ng t&#7899;i. H&#7841; t&#7847;ng oracle, kh&#7843; n&#259;ng li&ecirc;n k&#7871;t chu&#7895;i v&agrave; gi&#7843;i ph&aacute;p x&aacute;c th&#7921;c d&#7921; tr&#7919; c&#7911;a Chainlink &#273;&#7863;c bi&#7879;t ph&ugrave; h&#7907;p cho nhu c&#7847;u t&#7893; ch&#7913;c.</p>
<p>Hai &#273;&#417;n v&#7883; n&agrave;y c&#361;ng t&#7915;ng h&#7907;p t&aacute;c v&#7899;i nhau. V&agrave;o n&#259;m 2023, DTCC v&agrave; Chainlink <a href="https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink" target="_blank" rel="noreferrer noopener nofollow">&#273;&atilde; c&ugrave;ng tham gia d&#7921; &aacute;n li&ecirc;n k&#7871;t blockchain c&#7911;a SWIFT</a>.</p>
<p>V&agrave;o th&aacute;ng 09/2025, Chainlink <a href="https://x.com/chainlink/status/1972647912661254627?s=20" target="_blank" rel="noreferrer noopener nofollow">h&#7907;p t&aacute;c</a> c&ugrave;ng DTCC v&agrave; 24 t&#7893; ch&#7913;c t&agrave;i ch&iacute;nh &#273;&#7875; gi&#7843;i quy&#7871;t c&aacute;c v&#7845;n &#273;&#7873; ch&#432;a t&#7889;i &#432;u trong kh&acirc;u x&#7917; l&yacute; c&aacute;c ho&#7841;t &#273;&#7897;ng doanh nghi&#7879;p. Qu&aacute; tr&igrave;nh h&#7907;p t&aacute;c n&agrave;y g&oacute;p ph&#7847;n c&#7911;ng c&#7889; v&#7883; th&#7871; c&#7911;a Chainlink, &#273;&#7891;ng th&#7901;i l&agrave;m t&#259;ng th&ecirc;m s&#7921; <a href="https://x.com/rutradebtc/status/1999268005151408254?s=20" target="_blank" rel="noreferrer noopener nofollow">l&#7841;c quan</a> trong c&#7897;ng &#273;&#7891;ng.</p>
<h3 class="wp-block-heading" id="h-3-ondo-finance-ondo">3. Ondo Finance (ONDO)</h3>

<p>Ondo Finance l&agrave; c&aacute;i t&ecirc;n cu&#7889;i c&ugrave;ng &#273;&#432;&#7907;c nh&#7855;c &#273;&#7871;n. D&#7851;n &#273;&#7847;u l&#297;nh v&#7921;c token h&oacute;a c&#7893; phi&#7871;u v&#7899;i t&#7893;ng gi&aacute; tr&#7883; l&#7899;n nh&#7845;t, Ondo &#273;ang n&#7855;m gi&#7919; 361.2 tri&#7879;u USD, chi&#7871;m 51.64% th&#7883; ph&#7847;n trong t&#7893;ng s&#7889; 699.51 tri&#7879;u USD c&#7893; phi&#7871;u &#273;&#7841;i ch&uacute;ng &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a.</p>
<p>G&#7847;n &#273;&acirc;y, Ondo &#273;&atilde; &#273;&#432;&#7907;c <a href="https://x.com/coinbureau/status/1998014100912419173" target="_blank" rel="noreferrer noopener nofollow">k&#7871;t lu&#7853;n</a> kh&ocirc;ng vi ph&#7841;m sau cu&#7897;c &#273;i&#7873;u tra k&eacute;o d&agrave;i hai n&#259;m t&#7915; SEC, t&#7841;o th&ecirc;m &#273;&#7897;ng l&#7921;c cho s&#7921; m&#7903; r&#7897;ng c&#7911;a Ondo trong m&#7843;ng token h&oacute;a t&#7841;i M&#7929;. Trong 30 ng&agrave;y qua, th&#7883; ph&#7847;n c&#7911;a Ondo &#273;&atilde; t&#259;ng th&ecirc;m 12.67%, cho th&#7845;y h&#7885; r&#7845;t s&#7861;n s&agrave;ng ti&#7871;p nh&#7853;n d&ograve;ng v&#7889;n l&#7899;n t&#7915; c&aacute;c t&#7893; ch&#7913;c &#273;&#7847;u t&#432;.</p>
<p>Nh&#432; v&#7853;y, n&#7871;u s&aacute;ng ki&#7871;n t&#7915; DTCC &#273;&#432;&#7907;c tri&#7875;n khai th&agrave;nh c&ocirc;ng, kh&#7843; n&#259;ng &#273;&#432;&#7907;c h&#7907;p t&aacute;c s&#7869; mang l&#7841;i l&#7907;i &iacute;ch cho c&#7843; ba m&#7841;ng l&#432;&#7899;i. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; gi&uacute;p t&#259;ng uy t&iacute;n, n&acirc;ng cao thanh kho&#7843;n v&agrave; th&uacute;c &#273;&#7849;y c&aacute;c &#7913;ng d&#7909;ng th&#7921;c t&#7871; cho t&#7915;ng h&#7879; sinh th&aacute;i.</p>
<p>&#7902; g&oacute;c &#273;&#7897; th&#7883; tr&#432;&#7901;ng, vi&#7879;c c&aacute;c t&#7893; ch&#7913;c t&agrave;i ch&iacute;nh l&#7899;n li&ecirc;n t&#7909;c &aacute;p d&#7909;ng ch&#7913;ng kho&aacute;n token h&oacute;a s&#7869; &#7843;nh h&#432;&#7903;ng t&iacute;ch c&#7921;c &#273;&#7871;n gi&aacute; trong d&agrave;i h&#7841;n. C&aacute;c ho&#7841;t &#273;&#7897;ng on-chain t&#259;ng l&ecirc;n, l&#432;&#7907;ng giao d&#7883;ch cao h&#417;n c&#361;ng nh&#432; s&#7921; li&ecirc;n k&#7871;t s&acirc;u v&#7899;i h&#7879; th&#7889;ng t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng c&oacute; th&#7875; t&#7841;o &#273;&#7897;ng l&#7921;c b&#7873;n v&#7919;ng cho ETH, LINK v&agrave; ONDO trong t&#432;&#417;ng lai.</p>
<p></p>


SEC phê duyệt DTCC cung cấp dịch vụ tokenization: 3 altcoin có thể hưởng lợi

<p>Depository Trust &amp; Clearing Corporation (DTCC) &#273;&atilde; &#273;&#432;&#7907;c &#7910;y ban Ch&#7913;ng kho&aacute;n v&agrave; S&agrave;n giao d&#7883;ch M&#7929; (SEC) cho ph&eacute;p th&#7917; nghi&#7879;m d&#7883;ch v&#7909; token h&oacute;a theo quy &#273;&#7883;nh c&#7911;a ph&aacute;p lu&#7853;t.</p>
<p>&#272;&acirc;y l&agrave; m&#7897;t b&#432;&#7899;c ti&#7871;n quan tr&#7885;ng gi&uacute;p k&#7871;t n&#7889;i gi&#7919;a t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng (TradFi) v&agrave; t&agrave;i ch&iacute;nh phi t&#7853;p trung (DeFi). D&#7921; &aacute;n n&agrave;y c&ograve;n c&oacute; th&#7875; t&#7841;o ra nhi&#7873;u l&#7907;i &iacute;ch cho c&aacute;c t&agrave;i s&#7843;n trong th&#7883; tr&#432;&#7901;ng ti&#7873;n m&atilde; h&oacute;a.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-dtcc-receives-sec-nod-for-asset-tokenization">DTCC nh&#7853;n &#273;&#432;&#7907;c s&#7921; ch&#7845;p thu&#7853;n c&#7911;a SEC cho vi&#7879;c token h&oacute;a t&agrave;i s&#7843;n</h2>

<p>Theo th&ocirc;ng b&aacute;o m&#7899;i nh&#7845;t, c&ocirc;ng ty con c&#7911;a DTCC l&agrave; The Depository Trust Company (DTC) &#273;&atilde; nh&#7853;n &#273;&#432;&#7907;c th&#432; &ldquo;No-Action&rdquo; t&#7915; SEC. Th&#432; n&agrave;y cho ph&eacute;p DTC <a href="https://vn.beincrypto.com/trump-saudi-tokenized-real-estate-investment/" target="_blank" rel="noreferrer noopener">token h&oacute;a c&aacute;c t&agrave;i s&#7843;n th&#7921;c</a> do DTC l&#432;u k&yacute;, tu&acirc;n th&#7911; c&aacute;c quy &#273;&#7883;nh li&ecirc;n bang hi&#7879;n t&#7841;i v&#7873; ch&#7913;ng kho&aacute;n. D&#7883;ch v&#7909; n&agrave;y d&#7921; ki&#7871;n s&#7869; &#273;&#432;&#7907;c tri&#7875;n khai t&#7915; n&#7917;a cu&#7889;i n&#259;m 2026.</p>
<p>Th&#432; No-Action cho ph&eacute;p DTC cung c&#7845;p <a href="https://beincrypto.com/learn/rwa-explained/" target="_blank" rel="noreferrer noopener">d&#7883;ch v&#7909; token h&oacute;a</a> trong th&#7901;i gian th&#7917; nghi&#7879;m k&eacute;o d&agrave;i ba n&#259;m. Trong giai &#273;o&#7841;n n&agrave;y, DTC c&oacute; th&#7875; ph&aacute;t h&agrave;nh c&aacute;c t&agrave;i s&#7843;n s&#7889; h&oacute;a tr&ecirc;n blockchain &#273;&#7841;i di&#7879;n cho m&#7897;t s&#7889; ch&#7913;ng kho&aacute;n truy&#7873;n th&#7889;ng, c&aacute;c token s&#7889; n&agrave;y v&#7851;n gi&#7919; nguy&ecirc;n quy&#7873;n s&#7903; h&#7919;u, quy&#7873;n l&#7907;i ph&aacute;p l&yacute; v&agrave; s&#7921; b&#7843;o v&#7879; nh&agrave; &#273;&#7847;u t&#432; gi&#7889;ng nh&#432; t&agrave;i s&#7843;n truy&#7873;n th&#7889;ng.</p>
<p>Theo DTCC, vi&#7879;c c&#7845;p ph&eacute;p n&agrave;y ch&#7881; &aacute;p d&#7909;ng cho m&#7897;t nh&oacute;m t&agrave;i s&#7843;n c&oacute; t&iacute;nh thanh kho&#7843;n cao. C&#7909; th&#7875; l&agrave; c&aacute;c c&#7893; phi&#7871;u n&#7857;m trong <a href="https://vn.beincrypto.com/what-does-the-russell-2000-breakout-signal-mean-for-crypto/" target="_blank" rel="noreferrer noopener">ch&#7881; s&#7889; Russell 1000</a>, c&aacute;c qu&#7929; ETF b&aacute;m s&aacute;t c&aacute;c ch&#7881; s&#7889; l&#7899;n, v&agrave; c&#7843; <a href="https://vn.beincrypto.com/tether-depeg-risk-japan-treasury-selloff/" target="_blank" rel="noreferrer noopener">tr&aacute;i phi&#7871;u, t&iacute;n phi&#7871;u, k&#7923; phi&#7871;u kho b&#7841;c M&#7929;</a>.</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;Token h&oacute;a th&#7883; tr&#432;&#7901;ng ch&#7913;ng kho&aacute;n M&#7929; c&oacute; th&#7875; mang l&#7841;i nhi&#7873;u l&#7907;i &iacute;ch c&aacute;ch m&#7841;ng nh&#432; t&#259;ng kh&#7843; n&#259;ng di chuy&#7875;n t&agrave;i s&#7843;n th&#7871; ch&#7845;p, b&#7893; sung ph&#432;&#417;ng th&#7913;c giao d&#7883;ch m&#7899;i, giao d&#7883;ch 24/7 v&agrave; t&agrave;i s&#7843;n l&#7853;p tr&igrave;nh th&ocirc;ng minh. Tuy nhi&ecirc;n, &#273;i&#7873;u n&agrave;y ch&#7881; th&agrave;nh hi&#7879;n th&#7921;c n&#7871;u h&#7841; t&#7847;ng th&#7883; tr&#432;&#7901;ng &#273;&#432;&#7907;c x&acirc;y d&#7921;ng &#273;&#7911; v&#7919;ng ch&#7855;c &#273;&#7875; kh&#7903;i &#273;&#7847;u cho th&#7901;i &#273;&#7841;i s&#7889; h&oacute;a m&#7899;i n&agrave;y,&rdquo; &ocirc;ng Frank La Salla, Ch&#7911; t&#7883;ch ki&ecirc;m CEO c&#7911;a DTCC <a href="https://www.dtcc.com/news/2025/december/11/paving-the-way-to-tokenized-dtc-custodied-assets" target="_blank" rel="noreferrer noopener nofollow">ph&aacute;t bi&#7875;u</a>.</p>
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-which-altcoins-could-gain-from-dtcc-s-tokenization-service">Nh&#7919;ng altcoin n&agrave;o c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i t&#7915; d&#7883;ch v&#7909; tokenization c&#7911;a DTCC?</h2>

<p>DTCC nh&#7845;n m&#7841;nh r&#7857;ng t&#7893; ch&#7913;c n&agrave;y ch&#7881; &#273;&#432;&#7907;c ph&eacute;p cung c&#7845;p d&#7883;ch v&#7909; token h&oacute;a &#7903; &ldquo;m&ocirc;i tr&#432;&#7901;ng s&#7843;n xu&#7845;t gi&#7899;i h&#7841;n tr&ecirc;n m&#7897;t s&#7889; blockchain &#273;&#432;&#7907;c ch&#7885;n l&#7885;c&rdquo;. Tuy v&#7853;y, hi&#7879;n t&#7841;i v&#7851;n ch&#432;a c&ocirc;ng b&#7889; s&#7869; s&#7917; d&#7909;ng blockchain n&agrave;o cho d&#7883;ch v&#7909; n&agrave;y.</p>
<p>Tuy ch&#432;a r&otilde; blockchain n&agrave;o s&#7869; &#273;&#432;&#7907;c l&#7921;a ch&#7885;n, nh&#432;ng &#273;&#7897;ng th&aacute;i n&agrave;y &#273;&atilde; l&agrave;m d&#7845;y l&ecirc;n nhi&#7873;u d&#7921; &#273;o&aacute;n trong c&#7897;ng &#273;&#7891;ng ti&#7873;n s&#7889; v&#7873; nh&#7919;ng h&#7879; sinh th&aacute;i c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i t&#7915; vi&#7879;c DTCC tham gia v&agrave;o token h&oacute;a. D&#432;&#7899;i &#273;&acirc;y l&agrave; ba &#273;&#7891;ng altcoin ti&#7873;m n&#259;ng c&oacute; th&#7875; &#273;&#432;&#7907;c h&#432;&#7903;ng l&#7907;i:</p>
<h3 class="wp-block-heading" id="h-1-ethereum-eth">1. Ethereum (ETH)</h3>

<p>Ethereum hi&#7879;n &#273;&#432;&#7907;c <a href="https://x.com/drjasper_eth/status/1999248140143313034?s=20" target="_blank" rel="noreferrer noopener nofollow">xem l&agrave;</a> &#7913;ng c&#7917; vi&ecirc;n h&agrave;ng &#273;&#7847;u cho d&#7883;ch v&#7909; n&agrave;y. <a href="https://x.com/matthew_sigel/status/1999307407181177204?s=20" target="_blank" rel="noreferrer noopener nofollow">Theo</a> &ocirc;ng Matthew Sigel &ndash; Tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u t&agrave;i s&#7843;n s&#7889; t&#7841;i VanEck, kh&#7843; n&#259;ng DTCC ch&#7885;n Ethereum l&agrave; &ldquo;99%&rdquo;.</p>
<p>D&#7919; li&#7879;u on-chain c&#361;ng c&#7911;ng c&#7889; nh&#7853;n &#273;&#7883;nh n&agrave;y. T&iacute;nh &#273;&#7871;n ng&agrave;y 12/12/2025, t&#7893;ng gi&aacute; tr&#7883; t&agrave;i s&#7843;n th&#7921;c &#273;&#432;&#7907;c token h&oacute;a &#273;&atilde; &#273;&#7841;t kho&#7843;ng 18.48 t&#7927; USD, ri&ecirc;ng Ethereum chi&#7871;m &#273;&#7871;n 66% th&#7883; ph&#7847;n n&agrave;y.</p>
<p>Theo d&#7919; li&#7879;u t&#7915; RWA.xyz <a href="https://app.rwa.xyz/" target="_blank" rel="noreferrer noopener nofollow">th&#7889;ng k&ecirc;</a>, hi&#7879;n c&oacute; kho&#7843;ng 12.2 t&#7927; USD t&agrave;i s&#7843;n th&#7921;c &#273;&atilde; token h&oacute;a &#273;&#432;&#7907;c ph&aacute;t h&agrave;nh tr&ecirc;n m&#7841;ng Ethereum, gi&uacute;p n&#7873;n t&#7843;ng n&agrave;y gi&#7919; v&#7883; tr&iacute; blockchain c&ocirc;ng khai h&agrave;ng &#273;&#7847;u trong m&#7843;ng n&agrave;y.</p>
<p>V&#7899;i vai tr&ograve; &#273;&atilde; &#273;&#432;&#7907;c &#273;&#7883;nh h&igrave;nh trong vi&#7879;c ph&aacute;t h&agrave;nh t&agrave;i s&#7843;n s&#7889; h&oacute;a, c&ugrave;ng v&#7899;i t&iacute;nh b&#7843;o m&#7853;t v&agrave; h&#7879; sinh th&aacute;i nh&agrave; ph&aacute;t tri&#7875;n r&#7897;ng l&#7899;n, Ethereum c&agrave;ng n&acirc;ng cao v&#7883; th&#7871; c&#7911;a m&igrave;nh. DTCC c&#361;ng t&#7915;ng s&#7917; d&#7909;ng Ethereum trong nhi&#7873;u d&#7921; &aacute;n tr&#432;&#7899;c &#273;&acirc;y.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/V1PZCLunXOVLqn8FILusDMRtr9s=/smart/1fd56adbbfc54c56bf451fac3d02ad6e" alt="DTCC and Ethereum" class="wp-image-781726">DTCC v&agrave; c&aacute;c s&aacute;ng ki&#7871;n c&ugrave;ng Ethereum. Ngu&#7891;n:<a href="https://x.com/corcoranwill/status/1999278316893958303" target="_blank" rel="noreferrer noopener nofollow"> X/Will Corcoran</a>

<p>V&#7883; th&#7871; n&agrave;y gi&uacute;p Ethereum c&oacute; th&#7875; t&#7853;n d&#7909;ng ph&iacute; giao d&#7883;ch v&agrave; d&ograve;ng thanh kho&#7843;n t&#7915; ch&#7913;ng kho&aacute;n &#273;&#432;&#7907;c token h&oacute;a<a href="https://beincrypto.com/learn/tokenization-rwas/" target="_blank" rel="noreferrer noopener">, t&#7841;o ti&#7873;n &#273;&#7873; th&uacute;c &#273;&#7849;y</a> tr&#7903; th&agrave;nh l&#7899;p n&#7873;n t&#7843;ng cho t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u trong t&#432;&#417;ng lai.</p>
<h3 class="wp-block-heading" id="h-2-chainlink-link">2. Chainlink (LINK)</h3>

<p>&#272;&#7889;i th&#7911; n&#7863;ng k&yacute; ti&#7871;p theo l&agrave; <a href="https://x.com/CatfishFishy/status/1999271090666033274?s=20" target="_blank" rel="noreferrer noopener nofollow">Chainlink</a>. Chainlink th&#432;&#7901;ng <a href="https://vn.beincrypto.com/chainlink-sbi-exclusive-deal-token-scarcity/" target="_blank" rel="noreferrer noopener">&#273;&#432;&#7907;c &#273;&aacute;nh gi&aacute; l&agrave; c&#7847;u n&#7889;i</a> gi&#7919;a c&aacute;c h&#7879; th&#7889;ng on-chain v&agrave; off-chain, ph&ugrave; h&#7907;p v&#7899;i &#273;&#7883;nh h&#432;&#7899;ng token h&oacute;a theo quy &#273;&#7883;nh, &#273;&#7843;m b&#7843;o t&iacute;nh x&aacute;c th&#7921;c d&#7919; li&#7879;u v&agrave; kh&#7843; n&#259;ng t&#432;&#417;ng t&aacute;c m&agrave; DTCC h&#432;&#7899;ng t&#7899;i. H&#7841; t&#7847;ng oracle, kh&#7843; n&#259;ng li&ecirc;n k&#7871;t chu&#7895;i v&agrave; gi&#7843;i ph&aacute;p x&aacute;c th&#7921;c d&#7921; tr&#7919; c&#7911;a Chainlink &#273;&#7863;c bi&#7879;t ph&ugrave; h&#7907;p cho nhu c&#7847;u t&#7893; ch&#7913;c.</p>
<p>Hai &#273;&#417;n v&#7883; n&agrave;y c&#361;ng t&#7915;ng h&#7907;p t&aacute;c v&#7899;i nhau. V&agrave;o n&#259;m 2023, DTCC v&agrave; Chainlink <a href="https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink" target="_blank" rel="noreferrer noopener nofollow">&#273;&atilde; c&ugrave;ng tham gia d&#7921; &aacute;n li&ecirc;n k&#7871;t blockchain c&#7911;a SWIFT</a>.</p>
<p>V&agrave;o th&aacute;ng 09/2025, Chainlink <a href="https://x.com/chainlink/status/1972647912661254627?s=20" target="_blank" rel="noreferrer noopener nofollow">h&#7907;p t&aacute;c</a> c&ugrave;ng DTCC v&agrave; 24 t&#7893; ch&#7913;c t&agrave;i ch&iacute;nh &#273;&#7875; gi&#7843;i quy&#7871;t c&aacute;c v&#7845;n &#273;&#7873; ch&#432;a t&#7889;i &#432;u trong kh&acirc;u x&#7917; l&yacute; c&aacute;c ho&#7841;t &#273;&#7897;ng doanh nghi&#7879;p. Qu&aacute; tr&igrave;nh h&#7907;p t&aacute;c n&agrave;y g&oacute;p ph&#7847;n c&#7911;ng c&#7889; v&#7883; th&#7871; c&#7911;a Chainlink, &#273;&#7891;ng th&#7901;i l&agrave;m t&#259;ng th&ecirc;m s&#7921; <a href="https://x.com/rutradebtc/status/1999268005151408254?s=20" target="_blank" rel="noreferrer noopener nofollow">l&#7841;c quan</a> trong c&#7897;ng &#273;&#7891;ng.</p>
<h3 class="wp-block-heading" id="h-3-ondo-finance-ondo">3. Ondo Finance (ONDO)</h3>

<p>Ondo Finance l&agrave; c&aacute;i t&ecirc;n cu&#7889;i c&ugrave;ng &#273;&#432;&#7907;c nh&#7855;c &#273;&#7871;n. D&#7851;n &#273;&#7847;u l&#297;nh v&#7921;c token h&oacute;a c&#7893; phi&#7871;u v&#7899;i t&#7893;ng gi&aacute; tr&#7883; l&#7899;n nh&#7845;t, Ondo &#273;ang n&#7855;m gi&#7919; 361.2 tri&#7879;u USD, chi&#7871;m 51.64% th&#7883; ph&#7847;n trong t&#7893;ng s&#7889; 699.51 tri&#7879;u USD c&#7893; phi&#7871;u &#273;&#7841;i ch&uacute;ng &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a.</p>
<p>G&#7847;n &#273;&acirc;y, Ondo &#273;&atilde; &#273;&#432;&#7907;c <a href="https://x.com/coinbureau/status/1998014100912419173" target="_blank" rel="noreferrer noopener nofollow">k&#7871;t lu&#7853;n</a> kh&ocirc;ng vi ph&#7841;m sau cu&#7897;c &#273;i&#7873;u tra k&eacute;o d&agrave;i hai n&#259;m t&#7915; SEC, t&#7841;o th&ecirc;m &#273;&#7897;ng l&#7921;c cho s&#7921; m&#7903; r&#7897;ng c&#7911;a Ondo trong m&#7843;ng token h&oacute;a t&#7841;i M&#7929;. Trong 30 ng&agrave;y qua, th&#7883; ph&#7847;n c&#7911;a Ondo &#273;&atilde; t&#259;ng th&ecirc;m 12.67%, cho th&#7845;y h&#7885; r&#7845;t s&#7861;n s&agrave;ng ti&#7871;p nh&#7853;n d&ograve;ng v&#7889;n l&#7899;n t&#7915; c&aacute;c t&#7893; ch&#7913;c &#273;&#7847;u t&#432;.</p>
<p>Nh&#432; v&#7853;y, n&#7871;u s&aacute;ng ki&#7871;n t&#7915; DTCC &#273;&#432;&#7907;c tri&#7875;n khai th&agrave;nh c&ocirc;ng, kh&#7843; n&#259;ng &#273;&#432;&#7907;c h&#7907;p t&aacute;c s&#7869; mang l&#7841;i l&#7907;i &iacute;ch cho c&#7843; ba m&#7841;ng l&#432;&#7899;i. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; gi&uacute;p t&#259;ng uy t&iacute;n, n&acirc;ng cao thanh kho&#7843;n v&agrave; th&uacute;c &#273;&#7849;y c&aacute;c &#7913;ng d&#7909;ng th&#7921;c t&#7871; cho t&#7915;ng h&#7879; sinh th&aacute;i.</p>
<p>&#7902; g&oacute;c &#273;&#7897; th&#7883; tr&#432;&#7901;ng, vi&#7879;c c&aacute;c t&#7893; ch&#7913;c t&agrave;i ch&iacute;nh l&#7899;n li&ecirc;n t&#7909;c &aacute;p d&#7909;ng ch&#7913;ng kho&aacute;n token h&oacute;a s&#7869; &#7843;nh h&#432;&#7903;ng t&iacute;ch c&#7921;c &#273;&#7871;n gi&aacute; trong d&agrave;i h&#7841;n. C&aacute;c ho&#7841;t &#273;&#7897;ng on-chain t&#259;ng l&ecirc;n, l&#432;&#7907;ng giao d&#7883;ch cao h&#417;n c&#361;ng nh&#432; s&#7921; li&ecirc;n k&#7871;t s&acirc;u v&#7899;i h&#7879; th&#7889;ng t&agrave;i ch&iacute;nh truy&#7873;n th&#7889;ng c&oacute; th&#7875; t&#7841;o &#273;&#7897;ng l&#7921;c b&#7873;n v&#7919;ng cho ETH, LINK v&agrave; ONDO trong t&#432;&#417;ng lai.</p>
<p></p>
