ZFX山海证券:美债结算探索全天运行

市场资讯16:28

7月24日，大型金融机构计划测试代币化美债基础设施，以缩短周末和非交易时段的结算等待。ZFX山海证券表示，传统资产若能接入更长时间的交易与结算网络，资金使用效率有望得到改善。

　　相关项目将先在受控环境中验证资产记录、现金交收和操作流程。ZFX山海证券认为，全天候运行并不只是延长交易时间，更重要的是确保不同系统之间能够同步完成最终结算。

　　代币化国债兼具传统资产信用基础和数字化流转效率，但仍需处理流动性分布、技术标准与风险控制。试点规模、参与机构和实际结算速度将决定其商业价值。

　　后续可观察测试能否覆盖更多跨时区场景，以及现金端是否同步数字化。ZFX山海证券预计，结算基础设施的完善将推动代币化资产从展示性项目走向实际应用。

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