观点：Genius法案后机构需求创新高，代币化与「代理式商业」成新焦点

GateNewsBot

2026-02-15 03:27:31

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BlockBeats 消息，2 月 15 日，在 Consensus Hong Kong 大会上，Sui 高管 Stephen Mackintosh 与 Evan Cheng 表示，2025 年成为机构加密采用的「分水岭之年」，在「Genius 法案」出台后，机构对加密资产的认知与配置需求显著上升。

Mackintosh 指出，数字资产金库（DAT）工具激增、现货比特币 ETF 成功发行，以及 Citadel、Jane Street 等大型交易机构入场，均表明机构正在加速布局加密基础设施与人才储备。他称，即便市场情绪阶段性走弱，但期权交易量创纪录，结构性增长趋势未变，「机构需求从未如此强劲」。

Cheng 则强调，传统金融（TradFi）与去中心化金融（DeFi）未来将走向融合而非竞争。他指出，传统产品多为「T+1」或更长结算周期，而 DeFi 为「T+0」即时结算，在效率上具备明显优势。通过资产代币化，投资者可在获取资产后立即进行抵押借贷，从而在传统敞口之上叠加 DeFi 策略。

两位高管同时表示，代币化与「代理式商业」（agentic commerce，即 AI 驱动的链上交易）将成为下一阶段重点方向。

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