最新报道:Ethereum-native treasuries could challenge traditional Wall Street offerings but face significant risks, according to Bernstein analysts. These on-chain products, including tokenized U.S. Treasuries and stablecoins, currently hold $1.3 billion in assets but may grow to $500 billion in five years. Key challenges include regulatory uncertainty, smart contract risks, and competition from established financial institutions. Bernstein notes Ethereum's advantage in hosting these products due to its smart contract capabilities and developer ecosystem, though scaling solutions are still needed for mass adoption. The report highlights MakerDAO's $1 billion treasury allocation as an early example of this trend.