{"id":2608,"date":"2020-08-23T16:42:47","date_gmt":"2020-08-23T07:42:47","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=2608"},"modified":"2021-11-11T17:00:01","modified_gmt":"2021-11-11T08:00:01","slug":"navigating-the-digital-asset-ecosystem","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/navigating-the-digital-asset-ecosystem\/","title":{"rendered":"\ub514\uc9c0\ud138 \uc790\uc0b0 \uc0dd\ud0dc\uacc4\uc758 \ubc29\ud5a5\uc131 \ud0d0\uad6c"},"content":{"rendered":"<p>\ube14\ub85d\uccb4\uc778\uacfc \uc554\ud638\ud654\ud3d0\ub294, \ucd5c\uc2e0 \uae30\uc220 \uc911\uc5d0\uc11c\ub3c4 \ud2b9\ud788 \uc218\ub9ce\uc740 \uc0ac\ub78c\ub4e4\uc758 \uc5f4\uad11\uc744 \uc774\ub04c\uc5b4\ub0b4\uae34 \ud588\uc9c0\ub9cc, \uc5ec\uc804\ud788 \ub2f9\ud639\uc2a4\ub7ec\uc6b4 \ub51c\ub808\ub9c8\ub97c \ub9c8\uc8fc\ud558\uace0 \uc788\ub2e4. \uc9c0\ubc30\uc801\uc778 \ud50c\ub7ab\ud3fc\uc774\ub098 \ud504\ub85c\ud1a0\ucf5c\uc774 \ub4f1\uc7a5\ud560 \uac83\uc778\uac00? \ub124\ud2b8\uc6cc\ud06c \ud6a8\uacfc\ub85c\ubd80\ud130 \uc5b4\ub5a4 \ud61c\ud0dd\uc744 \ubc1b\uc744 \uc218 \uc788\ub294\uac00? \uc0c8\ub85c\uc6b4 \uaddc\uaca9\uc774 \uc815\ubcf4\uc758 \uc0c1\ud638 \uc6b4\uc6a9\uc744 \ucd09\uc9c4\ud560 \uac83\uc778\uac00? \uc774\uc640 \uac19\uc740 \uc9c8\ubb38\uc5d0 \ub2f5\ud558\ub294 \uac83\uc740 \uc9c0\ub09c\ud55c \uacfc\uc815\uc774\uae34 \ud558\uc9c0\ub9cc, \uacb0\uacfc\uc801\uc73c\ub85c \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \ub4f1\uc7a5\uc740 \ud544\uc5f0\uc801\uc774\ub77c \ud560 \uc218 \uc788\ub2e4. \uc554\ud638\ud654\ud3d0\uc640 \ub2ec\ub9ac \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uae08\uc735 \uc5c5\uacc4\uc758 \uc120\ub3c4 \uc8fc\uc790\ub4e4\ub3c4 \uc2ec\uac01\ud558\uac8c \uace0\ub824\ud574 \ubcfc \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\uc774\ubc88 10\ub144\uc774 \uc9c0\ub0a0 \ub54c\ucbe4\uc5d4 \uc2dc\uac00\ucd1d\uc561\uc774 \uc870 \ub2e8\uc704\ub85c \ucee4\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uc138\uacc4 \ucd5c\ub300 \uaddc\ubaa8\uc758 \uae08\uc735 \uc790\uc0b0 \ud074\ub798\uc2a4\uac00 \ub420 \uac83\uc73c\ub85c \uc804\ub9dd\ub420 \ubfd0 \uc544\ub2c8\ub77c, 1980\ub144\ub300 \ud30c\uc0dd\uc0c1\ud488\uacfc \uad6c\uc870\uc131 \uc0c1\ud488\uc758 \ud3ed\ubc1c\uc801\uc778 \uc131\uc7a5\uc5d0 \ube44\uacac\ud560 \uc218 \uc788\ub294 \uae08\uc735 \ud601\uc2e0\uc744 \ubd88\ub7ec\uc62c \uc218 \uc788\ub2e4. \uae08\uc735 \uae30\uad00\uacfc \uace0\uac1d\uc758 \uacbd\uc6b0 \uc2dc\uc7a5 \uc720\ub3d9\uc131, \ud22c\uba85\uc131, \uc811\uadfc\uc131\uc744 \uc99d\uac00\uc2dc\ud0a4\ub294 \ub3d9\uc2dc\uc5d0 \uac70\ub798 \ube44\uc6a9\uacfc \uad00\ub828 \uc704\ud5d8\uc744 \uadf9\uc801\uc73c\ub85c \uac10\uc18c\uc2dc\ud0ac \uc218 \uc788\ub2e4. \uc2a4\ub9c8\ud2b8 \uacc4\uc57d \ub4f1 \ube14\ub85d\uccb4\uc778\uc758 \ud575\uc2ec\uc801\uc778 \uc18d\uc131\uc744 \uc774\uc6a9\ud558\ub294 \uc2e0\uaddc \uc81c\ud488 \ubc0f \uc11c\ube44\uc2a4\uac00 \uac1c\ubc1c\ub420 \uc218\ub3c4 \uc788\ub2e4. \uadf8 \uacb0\uacfc, \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \ubd80\uc0c1\uc740 \ube14\ub85d\uccb4\uc778\uc774 \ud2b9\uc815 \uc720\ud615\uc758 \ub370\uc774\ud130\ubca0\uc774\uc2a4\ub85c\ub9cc \uc720\uc6a9\ud558\uba70 \ub124\ud2b8\uc6cc\ud06c \uc804\ubc18\uc5d0 \uac78\uce5c \ub514\uc9c0\ud138 \uc790\uc0b0\uc774 \ud544\uc694\ud558\uc9c0 \uc54a\ub2e4\ub358 \uc0ac\ub78c\ub4e4\uc758 \uc0dd\uac01\uc774 \ud2c0\ub838\uc74c\uc744 \uc785\uc99d\ud574 \uc904 \uac83\uc774\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc \ucc29\uac01\ud574\uc11c\ub294 \uc548 \ub41c\ub2e4. \uc5ec\uae30\uc5d0\ub294 \uc544\uc9c1 \uc2dc\uac00\ucd1d\uc561\uc774 5\ucc9c\uc5b5 \uc720\ub85c1 \ubbf8\ub9cc\uc778 \ud2c8\uc0c8 \uc2dc\uc7a5\uc5d0 \ubd88\uacfc\ud55c \uc554\ud638\ud654\ud3d0\uc640 \uae30\uc874 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\ub9cc \ud3ec\ud568\ub418\ub294 \uac83\uc774 \uc544\ub2c8\ub2e4. \uae30\uc874 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \uae30\uc5c5 \ubc0f \uc2dc\uc7a5 \ub3c4\uc785\uc5d0 \uc2e4\ud328\ud588\uc744 \ubfd0 \uc544\ub2c8\ub77c \ubcc4\ub3c4\uc758 \uaddc\uc81c \uccb4\uacc4\uac00 \uc5c6\uae30 \ub54c\ubb38\uc5d0 \uc55e\uc73c\ub85c\ub3c4 \uacc4\uc18d \ud2c8\uc0c8 \uc2dc\uc7a5\uc73c\ub85c \ub0a8\uc544 \uc788\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ube44\ud2b8\ucf54\uc778\uacfc \uc774\ub354\ub9ac\uc6c0\uc744 \uc81c\uc678\ud558\uba74, \uc554\ud638\ud654\ud3d0 \ub300\ub2e4\uc218\uc5d0 \ub300\ud55c \uc2e0\ub8b0\ub3c4\ub294 \ubd95\uad34\ub418\uc5c8\uace0, \uae30\uc5c5\uacfc\uc758 \ud30c\ud2b8\ub108\uc2ed\ub3c4 \uc911\ub2e8\ub418\uc5c8\ub2e4. \uc554\ud638\ud654\ud3d0\uc758 IPO\uc5d0 \ud574\ub2f9\ud558\ub294 ICO\uc5d0 \uc218\ucc9c\uc5b5 \ub2ec\ub7ec\uac00 \ud22c\uc790\ub418\uc5c8\ub2e4\ub294 \uc810\uc744 \uace0\ub824\ud558\uba74 \uc0c1\ud669\uc740 \ub354\uc6b1 \uc2ec\uac01\ud558\ub2e4. \uc774\ub7f0 ICO\ub294 \uc554\ud638\ud654\ud3d0\uc758 \ucc44\ud0dd\uc744 \ucd94\uc9c4\ud558\uc9c0\ub294 \ubabb\ud558\uace0 \uc624\uc9c1 \ucd08\uae30 \ube14\ub85d\uccb4\uc778 \uc6b4\uc601 \uc8fc\uccb4\uc5d0\ub9cc \uba85\ubaa9\ud654\ud3d0\ub85c \ubcf4\uc0c1\uc744 \uc9c0\uae09\ud588\uc744 \ubfd0\uc774\ub2e4. \uc9c0\uae08\uae4c\uc9c0 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc5d0\uc11c \uc218\uc775\uc744 \uac70\ub450\ub294 \ub370 \uc131\uacf5\ud55c \ubc95\uc801 \uae30\uc5c5\uc740 \ube44\ud2b8\uba54\uc778(Bitmain)\uc774\ub098 \uc5d4\ube44\ub514\uc544 \ub4f1 \ucc44\uad74 \ud558\ub4dc\uc6e8\uc5b4 \uc81c\uacf5\uc0ac\uc640 \ucf54\uc778\ubca0\uc774\uc2a4(Coinbase)\ub098 \ubc14\uc774\ub0b8\uc2a4(Binance) \ub4f1 \uc554\ud638\ud654\ud3d0 \uc9c0\uac11 \uc11c\ube44\uc2a4 \uc81c\uacf5\uc0ac \ubc0f \uad50\ud658\uc18c\ubfd0\uc774\uc5c8\ub2e4.<\/p>\n<h3><strong>\ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \uc7a0\uc7ac\ub825\uc744 \uac1c\ubc29\ud560 \uc218 \uc788\ub294 \uac83\uc740 \ubb34\uc5c7\uc778\uac00?<\/strong><\/h3>\n<p>\ubc94\uc8fc\ub9cc \ub193\uace0 \ubcf4\uba74 \uc554\ud638\ud654\ud3d0\ub3c4 \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0\uc11c \uc81c\uc678\ud560 \uc218\ub294 \uc5c6\ub2e4. \uc554\ud638\ud654\ud3d0\ub294 \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \uc81c\ud55c\ub41c \ubd80\ubd84 \uc9d1\ud569\uc744 \uad6c\uc131\ud558\uace0 \uc788\ub2e4. \ud558\uc9c0\ub9cc \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0\ub294 \uc774\ub4e4\uc758 \uc7a0\uc7ac\ub825\uc744 \uac1c\ubc29\ud558\uc5ec \uae30\uc874 \uc554\ud638\ud654\ud3d0\uc640 \ucc28\ubcc4\ud654\uc2dc\ud0ac \uc218 \uc788\ub294 \uc694\uc18c\uac00 \uba87 \uac00\uc9c0 \uc788\ub2e4. \uc6b0\ub9ac\ub294 \uc774\ub7ec\ud55c \uc694\uc18c\ub97c \ucc3e\uc544\ub0b4 \ub124 \uac00\uc9c0 \ubd84\uc57c\ub85c \ubd84\ub958\ud588\ub2e4.<\/p>\n<p><a href=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2609\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem.png\" alt=\"\" width=\"1180\" height=\"806\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem.png 1180w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-300x205.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-1024x699.png 1024w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-768x525.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-218x150.png 218w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-696x475.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-1068x729.png 1068w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/08\/Navitating-the-digital-asset-ecosystem-615x420.png 615w\" sizes=\"auto, (max-width: 1180px) 100vw, 1180px\" \/><\/a><\/p>\n<p><strong>1. \uae30\uc220:<\/strong> \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uacf5\uac1c\ub41c \ube14\ub85d\uccb4\uc778\uacfc \ub2ec\ub9ac \uaddc\uc81c\ub418\uace0, \uc0c1\ud638 \ud638\ud658\ub418\uace0, \ud655\uc7a5 \uac00\ub2a5\ud558\uace0, \uae30\uc5c5 \uce5c\ud654\uc801\uc778 \ubd84\uc0b0 \uc6d0\uc7a5 \uae30\uc220(DLT)\uc5d0 \ubc30\ud3ec\ub420 \uc218 \uc788\ub2e4. \uc774\ub7f0 DLT\ub294 \ud558\uc774\ube0c\ub9ac\ub4dc \ubc30\ud3ec\ub85c \uac04\uc8fc\ub418\ub294\ub370, \ube14\ub85d\uccb4\uc778 \uc6d0\uc7a5\uc740 \uc774\ub4e4 \ud50c\ub7ab\ud3fc\uc774 \uae30\uc5c5\uc758 IT \uc778\ud504\ub77c\uc5d0 \ub354 \uc27d\uac8c \ubcd1\ud569\ub420 \uc218 \uc788\ub3c4\ub85d \ub3c4\uc640\uc8fc\ub294 \ud55c \uac00\uc9c0 \uc694\uc18c\uc5d0 \ubd88\uacfc\ud558\ub2e4. R3 \ucf54\ub974\ub2e4(Corda), \ud558\uc774\ud37c\ub808\uc800 \ud328\ube0c\ub9ad(Hyperledger Fabric), \uce7c\ub808\uc774\ub3c4(Kaleido) \ub4f1\uc774 \uadf8\ub7ec\ud55c \uc608\uc5d0 \uc18d\ud55c\ub2e4. \uadf8 \uacb0\uacfc \ub514\uc790\uc778 \ub2e8\uacc4\uc5d0\uc11c \uba85\ud655\ud55c \uad00\ub9ac, \uc2dd\ubcc4, \ubcf4\uc548, \uad6c\ud604 \ud504\ub808\uc784\uc6cc\ud06c\uac00 \ud3ec\ud568\ub420 \uc218 \uc788\ub2e4. \ud55c\ud3b8\uc73c\ub85c \uc774\ub97c \ud1b5\ud574 \uae08\uc735 \ub2f9\uad6d\uc758 \uaddc\uc815 \ubc0f \ubc95\ub960\uc744 \uc900\uc218\ud560 \uc218\ub3c4 \uc788\ub2e4. \uc720\ub7fd \ubc0f \ubbf8\uad6d \uae08\uc735 \uae30\uad00 \ub300\ub2e4\uc218\uac00 \uc774\ub4e4 \uc790\uc0b0\uc758 \uc6d0\ud65c\ud55c \uad50\ud658 \ubc0f \uc0dd\uc131\uc744 \uc704\ud574 \uc774\ubbf8 \ube14\ub85d\uccb4\uc778 \ucee8\uc18c\uc2dc\uc5c4\uc5d0 \ucc38\uc5ec\ud558\uace0 \uc788\ub2e4.<\/p>\n<p><strong>2. \ud1a0\ud070\ud654:<\/strong> \uc554\ud638\ud654\ud3d0\ub294 \uc548\uc815\uc801\uc774\uace0 \ubcc0\ud658 \uac00\ub2a5\ud55c \ub0b4\uc7ac\uc801 \uac00\uce58\uac00 \uc5c6\uae30 \ub54c\ubb38\uc5d0 \ud718\ubc1c\uc131\uc774 \ub192\uc740 \uc790\uc0b0\uc774\ub2e4. \uadf8\ub7ec\ub098 \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uae30\ubcf8\uc801\uc73c\ub85c \uae30\uc800 \uc790\uc0b0\uc744 \ud1a0\ud070\ud654\ud568\uc73c\ub85c\uc11c \uc0dd\uc131\ub41c\ub2e4. \ud1a0\ud070\ud654\ub294 \uc790\uc0b0\uc744 \ud1b5\ud654\uc640 \uac19\uc740 \uc18d\uc131(\uad50\ud658 \uc218\ub2e8, \uac00\uce58 \uc800\uc7a5, \uc7a5\ubd80\uc758 \ub2e8\uc704)\uc744 \uc9c0\ub2cc \ubd84\ub9ac \uac00\ub2a5\ud55c \ub514\uc9c0\ud138 \ud1a0\ud070\uc73c\ub85c \ub098\ud0c0\ub0b4\ub294 \uac83\uc73c\ub85c\ubd80\ud130 \uc2dc\uc791\ub41c\ub2e4. \uc774\ud6c4 \ud1a0\ud070\uc740 \ubcf4\uc548 \ubc0f \uac80\uc99d\uc744 \uc704\ud574 \ube14\ub85d\uccb4\uc778 \ub124\ud2b8\uc6cc\ud06c\uc5d0 \ubc30\ud3ec\ub418\uace0, \uc774\ub807\uac8c \uc0dd\uc131\uc774 \uc644\ub8cc\ub41c \uc790\uc0b0\uc740 \uc774\ub4e4 \uc790\uc0b0\uc758 \uac70\ub798, \uc815\uc0b0, \uc720\uce58\uac00 \uac00\ub2a5\ud55c 1\ucc28 \ubc0f 2\ucc28 \uc2dc\uc7a5 \uac70\ub798\uc18c\uc5d0\uc11c \uad50\ud658\ub420 \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc744 \uc120\ub3c4\ud558\ub294 \uc8fc\uc694 \uac70\ub798\uc18c\ub85c\ub294 2021\ub144 \uc2a4\uc704\uc2a4\uc5d0\uc11c \ucd9c\ubc94 \uc608\uc815\uc778 SIX \ub514\uc9c0\ud138 \uac70\ub798\uc18c(SDX)\uc640 \ub3c4\uc774\uccb4 \ubd48\ub974\uc81c(Deutsche B\u00f6rse, \uc2a4\uc704\uc2a4\ucef4(Swisscom)\uacfc \uc2dc\uadf8\ub118(Sygnum) \ud569\uc791), ICE \ud4e8\ucc98 \uc564 \ud074\ub9ac\uc5b4\ub9c1(Bakkt), \ubbf8\uad6d\uc758 \ud53c\ub378\ub9ac\ud2f0 \ub514\uc9c0\ud138 \uc560\uc14b(FDAS) \ub4f1\uc774 \uc788\ub2e4.<\/p>\n<p>\uc774\ub4e4\uc740 \ubaa8\ub450 \uaddc\uc81c\uac00 \uc801\uc6a9\ub418\ub294 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc2dc\uc7a5 \uc778\ud504\ub77c \ub0b4\uc5d0\uc11c \uc6b4\uc601\ub418\uace0 \uc788\ub2e4. \ub2e4\ub978 \uc5c5\uccb4\ub4e4\ub3c4 \ub098\uc2a4\ub2e5(Nasdaq)\uc774\ub098 \uc54c\ud30c\ud3ec\uc778\ud2b8(AlphaPoint)\ub4f1 \ub2e4\uc591\ud55c \uc778\ud504\ub77c\ub97c \uc81c\uacf5\ud558\uace0 \uc788\ub2e4. \ub2e4\uc74c \uae30\uc800 \uc790\uc0b0\uc774 \ud1a0\ud070\ud654\uc758 \ud61c\ud0dd\uc744 \ubc1b\uc744 \uc218 \uc788\ub2e4.<\/p>\n<ul>\n<li>\uba85\ubaa9\ud654\ud3d0, \uc8fc\uc2dd, \ucc44\uad8c \ub4f1 \uc804\ud1b5\uc801\uc778 \uae08\uc735 \uc790\uc0b0.<\/li>\n<li>\ubd80\ub3d9\uc0b0 \ubaa8\uae30\uc9c0\ub098 \ubcf4\ud5d8 \uc0c1\ud488 \ub4f1 \ube44\uc720\ub3d9 \uae08\uc735 \uc790\uc0b0.<\/li>\n<li>\uc0c1\ud488 \ub4f1 \ube44\uae08\uc735 \uc790\uc0b0.<\/li>\n<li>\uc608\uc220\ud488, \ud2b9\ud5c8, \uc778\uc99d\uc11c, \uc9c0\uc801 \uc790\uc0b0 \ub4f1 \ubb34\ud615\uc758 \ub300\uccb4 \uc790\uc0b0.<\/li>\n<\/ul>\n<p><strong>3. \uaddc\uc815 \uc900\uc218:<\/strong> \uc554\ud638\ud654\ud3d0\ub97c \uac70\ub798\ud558\uace0 \ubcf4\uad00\ud558\ub294 \uac83 \uc678\uc5d0\ub294, \uc554\ud638\ud654\ud3d0 \uae08\uc735 \uc11c\ube44\uc2a4\uc640 \uc6b4\uc6a9\uc0ac\uc758 \ubc95\uc801 \uc9c0\uc704\ub294 \uc5ec\uc804\ud788 \ubaa8\ud638\ud55c \uc0c1\ud0dc\uc774\uba70, \uc720\ub7fd \uad6d\uac00\ub4e4 \uc0ac\uc774\uc5d0\uc11c \uc138\uc81c \ubd84\ub958 \ub610\ud55c \ub2e4\uc591\ud558\uac8c \ub098\ub258\uc5b4 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4. \ub530\ub77c\uc11c \ud604\uc7ac \uc2dc\uc7a5 \uc6b4\uc6a9\uc0ac, \uac70\ub798\uc18c, \uc740\ud589, \uae30\uc220 \uc81c\uacf5\uc0ac, \uc911\uc559 \uc740\ud589, \uc9c0\uc5ed\ubcc4 \uae08\uc735 \uaddc\uc81c \ub2f9\uad6d \ub4f1 \ubaa8\ub4e0 \uae08\uc735 \uc11c\ube44\uc2a4 \uc81c\uacf5 \ub2f9\uc0ac\uc790\ub4e4\uc774 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc778\ud504\ub77c \ubc0f \uc81c\ud488\uc5d0 \uc788\uc5b4 \ubc95\uc801 \uaddc\uc815\uc744 \uc900\uc218\ud558\ub294 \ud1a0\ub300\uc640 \ubc30\ud3ec \ubc29\uc2dd\uc744 \ub9c8\ub828\ud558\uace0 \uc788\ub2e4. \uc774\ub4e4 \uc790\uc0b0\uc774 \ubc1c\ud589\ub418\uace0, \uad50\ud658\ub418\uace0, \uae30\uad00\uc5d0 \ub3c4\uc785\ub418\ub824\uba74 \uae08\uc735 \uaddc\uc81c \ub2f9\uad6d\uc758 \ud5c8\uac00\uac00 \ud544\uc218\uc801\uc774\ub2e4.<\/p>\n<p>\uadf8\ub7ec\uba74 \uae30\uc874 \uc554\ud638\ud654\ud3d0 \uc911 &#8220;\uc2a4\ud14c\uc774\ube14\ucf54\uc778&#8221;(\uace0\uc815\ub41c \uac00\uce58\ub97c \uc9c0\ub2c8\uace0 \uc788\uac70\ub098 &#8220;\uc548\uc815\uc801\uc778&#8221; \uc790\uc0b0 \ud558\ub098 \ub610\ub294 \ubc14\uc2a4\ucf13\uc73c\ub85c \ubcc0\ud658\ud560 \uc218 \uc788\ub294 \ucf54\uc778)\uc774\ub098 &#8220;STO&#8221;2(\uc99d\uad8c\uacfc \uac19\uc740 \uc790\uc0b0\uc758 \uc77c\ubd80\ub85c \ubc1c\ud589\ub418\uac70\ub098 \uadf8\uc640 \uac19\uc774 \ubd84\ub958\ub41c \ud1a0\ud070)\uac00 \uc801\uc808\ud55c \ubc95\uc801 \uc9c0\uc704 \ubc0f \uccb4\uacc4\uac00 \ub3c4\uc785\ub420 \uc218 \uc788\ub2e4. \uadf8 \uacb0\uacfc \ubc95\uc801 \uccb4\uacc4\uac00 \ud655\ub9bd\ub418\ub294 \uacbd\uc6b0 \uc774\ub4e4 \uc790\uc0b0\uc774 \ubc1c\ud589\ub418\uac70\ub098, \uad50\ud658\ub418\uac70\ub098, \uba85\ubaa9\ud654\ud3d0\ub85c \ub2e4\uc2dc \uc804\ud658\ub420 \ub54c \ud574\ub2f9 \uc790\uc0b0\uc744 \uc815\uc758\ud558\uace0, \ubd84\ub958\ud558\uace0, \uaddc\uc81c\ud560 \uc218 \uc788\ub294 \ubc29\uc548\uc774 \ub9c8\ub828\ub41c\ub2e4. \ucd94\uac00\ub85c \ubcf4\uad00 \ubc0f \uad00\ub9ac \uc194\ub8e8\uc158\uc758 \ubc95\uc801 \uaddc\uc815\uacfc \ubcf4\uc548 \ud45c\uc900\uc774 \ub9c8\ub828\ub418\uba74\uc11c \uace0\uac1d\uc5d0\uac8c \uc790\uc2e0\uc774 \ubcf4\uc720\ud55c \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \uc2e0\ub8b0\ub3c4\uc640 \uc9c0\ubc30\ub825 \uc0ac\uc774\uc758 \uc801\uc808\ud55c \ubc38\ub7f0\uc2a4\ub97c \uc81c\uacf5\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc790\uc0b0 \uad00\ub9ac \uce21\uba74\uc5d0\uc11c\ub294 \uc554\ud638 AIF(\ub300\uccb4 \ud22c\uc790 \ud380\ub4dc)\ub294 \uc774\ubbf8 \uaddc\uc81c\ub418\uace0 \uc788\uace0 \uc554\ud638 ETF(\uac70\ub798\uc18c \uac70\ub798 \ud380\ub4dc)\ub294 \ubc95\uc81c\ud654\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uace0 \uc788\ub2e4. \ub610\ud55c \uc804\ud1b5\uc801\uc778 \uae08\uc735 \uae30\uad00\uc774 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc81c\ud488\uc744 \uc81c\uacf5\ud558\uae30 \uc704\ud574 \uc0ac\uc5c5 \uc601\uc5ed\uc744 \ud655\uc7a5\ud560 \uc900\ube44\ub97c \ud558\ub294 \ub3d9\uc548, \uc2a4\uc704\uc2a4 \ucd94\ud06c\uc758 SEBA \ubc45\ud06c \ub4f1 \uc0c8\ub86d\uac8c \uc124\ub9bd\ub41c \ub124\uc774\ud2f0\ube0c \ub514\uc9c0\ud138 \uc790\uc0b0 \ube0c\ub85c\ucee4\uc640 \uac70\ub798\uc18c\ub3c4 \ucd5c\ucd08\uc758 \uc740\ud589\uc5c5 \ubc0f \uac70\ub798 \ub77c\uc774\uc120\uc2a4\ub97c \ud68d\ub4dd\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\uc774\ub7ec\ud55c \uc9c4\ud654\ub294 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub9e4\ub2c8\uc800\uc640 \uae30\uad00 \ud22c\uc790\uc790\ub4e4\uc774 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uc77c\uc815 \ube44\uc728\uc744 \uc9c1\uac04\uc811\uc801\uc73c\ub85c \ub514\uc9c0\ud138 \uc790\uc0b0\uc73c\ub85c \ub2e4\ubcc0\ud654\ud558\ub294 \ud569\ubc95\uc801\uc774\uace0 \uc2e4\uc9c8\uc801\uc778 \uc218\ub2e8\uc744 \uc81c\uacf5\ud558\uace0 \uc788\uc744 \ubfd0 \uc544\ub2c8\ub77c, \ub514\uc9c0\ud138 \uc790\uc0b0\uc774 \uc790\ubcf8 \uc2dc\uc7a5\uc758 \uc2e4\uc9c8\uc801\uc778 \ud55c \ucd95\uc774 \ub420 \uc218 \uc788\ub294 \uae30\ud68c\ub97c \ub9c8\ub828\ud558\uace0 \uc788\ub2e4.<\/p>\n<p><strong>4. \uc0dd\ud0dc\uacc4:<\/strong> \uc55e\uc11c \uc5b8\uae09\ud55c \ubc14\uc640 \uac19\uc774 \uae08\uc735 \uae30\uad00\uacfc \uc790\ubcf8 \uc2dc\uc7a5 \uc6b4\uc6a9\uc0ac, \uaddc\uc81c \ub2f9\uad6d\uc740 \uc774\ubbf8 \uc0c8\ub86d\uac8c \ub3c4\ub798\ud558\ub294 \uc885\ub2e8\uac04 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc0dd\ud0dc\uacc4\uc5d0\uc11c \ube14\ub85d\uccb4\uc778\uacfc DLT\uc758 \uc2e4\uc9c8\uc801\uc778 \ud61c\ud0dd\uacfc \uc704\ud5d8\uc131\uc744 \ud30c\uc545\ud560 \uc218 \uc788\uc744 \ub9cc\ud07c \ucda9\ubd84\ud788 \uc131\uc219\ud558\uc600\ub2e4. \uac70\ub798\uc18c\uc640 \uc6b4\uc6a9\uc0ac\uc758 \uacbd\uc6b0 &#8220;\uc544\ud1a0\ubbf9 \uc2a4\uc651&#8221; \ub355\ubd84\uc5d0 \uc790\uc0b0\uc758 \uac70\ub798, \uad50\ud658, \uccad\uc0b0\uc744 \ub2e8 \uba87 \ucd08\ub9cc\uc5d0 \uc644\ub8cc\ud560 \uc218 \uc788\ub2e4. \uc774\ub7ec\ud55c \uc2a4\ub9c8\ud2b8 \uacc4\uc57d\uc740 \uc870\uc815 \ube44\uc6a9 \uc5c6\ub294 \uac70\ub798\uc5d0 \uc788\uc5b4 \uac70\ub798\uc0c1\ub300\ubc29\uc758 \uc704\ud5d8\uc744 \uc554\ud638\ud654\ub97c \uc0ac\uc6a9\ud558\uc5ec \ud68c\ud53c\ud55c\ub2e4. \ube14\ub85d\uccb4\uc778 \uc6d0\uc7a5\uc740 \ubaa8\ub4e0 \uac70\ub798\uc640 \ub124\ud2b8\uc6cc\ud06c \uc0c1\ud0dc \ubcc0\ud654\ub97c \uae30\ub85d\ud558\ub294 \ub3c5\uc790\uc801\uc778 &#8220;\uc0bc\uc911 \uae30\uc785&#8221; \ud68c\uacc4 \uc2dc\uc2a4\ud15c\uc744 \uc0ac\uc6a9\ud558\uc5ec \uc2e0\ub8b0\ub3c4\ub97c \uc81c\uacf5\ud55c\ub2e4.<\/p>\n<p>\ub610\ud55c \uc740\ud589\uacfc \uae30\ud0c0 \uae08\uc735 \uc911\uac1c \uc5c5\uccb4\ub294 \ud1b5\ud569 \ubcf4\uace0 \ubc0f \uaddc\uc81c \uc900\uc218, \uc811\uc18d\ub9e4\ub9e4, \uad00\ub9ac, \uc790\uc0b0 \uc11c\ube44\uc2a4\ub97c \uc790\ub3d9\ud654\ud558\ub294 \uac83\uc758 \uc7a0\uc7ac\ub825\ub3c4 \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud558\uace0 \uc788\ub2e4. \uc544\uc6b8\ub7ec \ub514\uc9c0\ud138 \uc790\uc0b0\uc744 \uc774\uc6a9\ud558\uc5ec \uc635\uc158\uc774\ub098 \uc120\ubb3c, \ub2f4\ubcf4 \ub300\uc5ec, \uc9c0\ubd84 \ub4f1 \ub2e4\uc591\ud55c \ud30c\uc0dd \uc0c1\ud488\uc744 \uac1c\ubc1c\ud560 \uc218 \uc788\ub2e4\ub294 \uce21\uba74\uc5d0\uc11c \uad00\uc2ec\uc774 \uace0\uc870\ub418\uace0 \uc788\ub2e4. \uc9c0\ubd84\uc758 \uacbd\uc6b0 \ube14\ub85d\uccb4\uc778\uc5d0\uc11c\uc758 \uac80\uc99d \uc791\uc5c5\uc5d0 \ub530\ub77c &#8220;\ubc30\ub2f9\uae08&#8221;\uc744 \uc9c0\ubd88\ud558\uc5ec \ubcf4\uc720\uc790\ub4e4\uc5d0\uac8c \ubcf4\uc0c1\uc744 \uc9c0\uae09\ud558\ub294 \ud615\ud0dc\ub85c \uc774\ub8e8\uc5b4\uc9c4\ub2e4. \uc77c\ub840\ub85c, \uc804\uc801\uc73c\ub85c \uaddc\uc81c\ud558\uc5d0 \uc6b4\uc601\ub418\uace0 \uae30\uad00 \ud22c\uc790\uc790\ub9cc \uc774\uc6a9\ud560 \uc218 \uc788\ub294 Bakkt \ube44\ud2b8\ucf54\uc778 \uc120\ubb3c \uac70\ub798\uc18c\uac00 \ucd5c\uadfc \ud070 \ub3d9\ub825\uc744 \uc5bb\uace0 \uc788\ub2e4. \uc544\uc9c1\uc740 \uc0c1\ub300\uc801\uc73c\ub85c \uc791\uae34 \ud558\uc9c0\ub9cc \uaddc\ubaa8\uac00 \uc810\ucc28 \uc99d\uac00\ud558\uace0 \uc788\uace0(2020\ub144 1\ubd84\uae30 18\uc5b5 \ub2ec\ub7ec, 2019\ub144 4\ubd84\uae30 \ub300\ube44 +177%)3, \uc774\uc790\uc728 \ub610\ud55c \uc99d\uac00\ud558\uace0 \uc788\ub2e4. Bakkt\ub294 \ucd5c\uadfc \uc635\uc158 \uac70\ub798\uac00 \uc774\ub8e8\uc5b4\uc9c0\ub294 \uac70\ub798\uc18c\ub3c4 \uac1c\uc7a5\ud558\uc600\ub2e4. \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc640 \uc790\uc0b0 \uad00\ub9ac\uc790\ub294 \uc774\ub7f0 \uc790\uc0b0\uacfc \uc804\ud1b5\uc801\uc778 \uc790\uc0b0 \uc0ac\uc774\uc758 \uc0c1\uad00\uad00\uacc4\uac00 \ub192\uc9c0 \uc54a\ub2e4\uace0 \ubcf4\uace0 \uc788\uc9c0\ub9cc, \uc0c1\ub300\uc801\uc73c\ub85c \ub6f0\uc5b4\ub09c \ubcf4\uc548\uc131\uacfc \uac1c\uc778 \uc815\ubcf4 \ubcf4\ud638, \ud655\uc7a5\uc131, \ud0c8\uc911\uc559\ud654\ub41c \uc6f9 \ub4f1 \uc774\ub4e4 \uc790\uc0b0\uc758 \ub3c5\ud2b9\ud55c \uac00\uce58\uc640 \uc704\ud5d8 \uc694\uc778\uc744 \uc778\uc9c0\ud558\uae30 \uc2dc\uc791\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\uc774\uc81c\ub294 \uc911\uc559 \uc740\ud589\ub3c4 \ud1a0\ud070\ud654\ub41c \uc790\uccb4 \ud654\ud3d0\uc778 \uc911\uc559 \uc740\ud589 \ub514\uc9c0\ud138 \ud654\ud3d0(CBDC)\ub97c \uc2dc\ud5d8\ud558\ub294 \uc911\uc774\ub2e4. \uc774\ub4e4\uc5d0\uac8c \uc788\uc5b4 \ub514\uc9c0\ud138 \uc720\ub85c\uc640 \uac19\uc740 \ub514\uc9c0\ud138 \ud654\ud3d0\ub294 \uac70\ub798\ub97c \uac00\ub2a5\ud558\uac8c \ud558\uace0, \uc18c\ube44\uc790\ub4e4\uc774 \uba85\ubaa9\ud654\ud3d0\ub85c \ud658\uc804\ud560 \ud544\uc694 \uc5c6\uc774 \ub514\uc9c0\ud138 \uc790\uc0b0\uc744 \uc548\uc815\uc801\uc778 \ud615\ud0dc\ub85c \uc720\uc9c0\ud560 \uc218 \uc788\uac8c \ud558\ub294 \ub3d9\uc2dc\uc5d0 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc2dc\uc7a5\uc758 \uc548\uc815\uc131\uc5d0 \uc601\ud5a5\uc744 \uc8fc\ub294 \ub4f1 \ub2e4\uc591\ud55c \uc774\uc810\uc774 \uc788\ub2e4.<\/p>\n<h3><strong>\uc0c8\ub86d\uac8c \uc0dd\uaca8\ub098\ub294 \ub514\uc9c0\ud138 \uc790\uc0b0 \uc0dd\ud0dc\uacc4\uc5d0 \ucc38\uc5ec\ud558\uae30 \uc704\ud55c \ub2e4\uc74c \ub2e8\uacc4<\/strong><\/h3>\n<p><strong>\uc801\uc808\ud55c \uc811\uadfc \ubc29\uc2dd\uc744 \ub3c4\uc785\ud558\uae30\uae4c\uc9c0 \ub0a8\uc544 \uc788\ub294 \uc7a5\uc560\ubb3c\uc744 \ud30c\uc545\ud574\uc57c \ud55c\ub2e4.<\/strong> \ucd5c\uadfc \ub2e4\uc591\ud55c \ubc1c\ud45c\uac00 \uc774\ub8e8\uc5b4\uc9c0\uace0 \ud604\uc7ac \uc9c4\ud589\uc911\uc778 \ud504\ub85c\uc81d\ud2b8\ub3c4 \ub9ce\uc9c0\ub9cc, \uc774\ub4e4 \ud50c\ub7ab\ud3fc\uc774 \ubc30\ud3ec\ub418\uace0 \ud574\ub2f9 \ub124\ud2b8\uc6cc\ud06c\uc640 \uad00\ub828 \uc0dd\ud0dc\uacc4\uac00 \uc131\uc7a5\ud558\uae30\uae4c\uc9c0\ub294 \uc624\ub79c \uc2dc\uac04\uc774 \uac78\ub9b4 \uac83\uc774\ub2e4. \uc774\ub7f0 \uc131\uc7a5\uc744 \uac00\uc18d\ud654\ud558\ub824\uba74 \uad50\ud658, \ud1b5\uc2e0, \ub370\uc774\ud130 \uc804\uc1a1 \uce21\uba74\uc5d0\uc11c \uc77c\ubc18\uc801\uc73c\ub85c \ub110\ub9ac \uc54c\ub824\uc9c4 \uae30\uc220\uc801 \ud45c\uc900\uc774 \ud544\uc694\ud558\ub2e4. \ud558\uc9c0\ub9cc \uc77c\ubc18\uc801\uc73c\ub85c \ud0c8\uc911\uc559\ud654\ub41c \uc624\ud508\uc18c\uc2a4 \uae30\ubc18 \ud504\ub85c\uc81d\ud2b8\uc5d0\uc11c\ub294 \uc774\ub7f0 \ud45c\uc900\uc744 \ub3c4\uc785\ud558\uae30\uac00 \uc27d\uc9c0 \uc54a\ub2e4. \uac8c\ub2e4\uac00 \uac70\ub798 \uc218\uc218\ub8cc\ub098 \ubc95\uc801\uc73c\ub85c \ubcf4\ud638\ub418\ub294 \ub3c5\uc810\uc801\uc778 \uc0c1\ud488\uc73c\ub85c \uc6b4\uc601\ub418\ub294 \uae08\uc735 \ubc0f \uc9c0\ubd88 \uc911\uac1c \uc5c5\uccb4\uc5d0\uc11c\ub294 \ud604\uc7ac \uc2dc\uc7a5\uc758 \ubd95\uad34\ub97c \ub450\ub824\uc6cc\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0, \uc774\ub7f0 \uae30\uc220\uc5d0 \ub300\ud55c \ub300\uccb4\uc7ac\ub97c \ucc3d\ucd9c\ud558\uc5ec \uc2dc\uc7a5 \ub0b4 \uae30\uc220\uc801 \ud63c\ub780\uc744 \uc99d\uac00\uc2dc\ud0ac \uc218\ub3c4 \uc788\ub2e4. &#8220;\uc9c4\uc9dc&#8221; \ube14\ub85d\uccb4\uc778\uacfc \uadf8\ub807\uc9c0 \uc54a\uc740 \uac83\uc744 \uad6c\ubd84\ud558\ub294 \ub4f1 \uac00\uc7a5 \uae30\ubcf8\uc801\uc778 \uac1c\ub150\uc870\ucc28 \uc544\uc9c1 \ub17c\uc7c1\uc758 \uc5ec\uc9c0\uac00 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4. \uc6b0\ub9ac\ub294 DLT\uc758 \ud0c8\uc911\uc559\ud654\uc640 \ubd84\uc0b0, \uc775\uba85\uc131, \uc811\uadfc\uc131\uc774\ub77c\ub294 \uce21\uba74\uc774 \ub2e4\ub978 \ubb34\uc5c7\ubcf4\ub2e4 \ud65c\uc6a9 \uc0ac\ub840 \ubc0f \uc0ac\uc5c5\uc131\uc5d0 \uae30\ubc18\uc744 \ub450\ub294 \uae30\uc220 \uc911\ub9bd\uc801\uc778 \uc811\uadfc \ubc29\uc2dd\uc744 \uc9c0\uc9c0\ud55c\ub2e4.<\/p>\n<p>\uc774\uc81c \ub0a8\uc740 \ubb38\uc81c\ub294 \uc0c1\ud638 \uc6b4\uc6a9\uc131\uc758 \ubd80\uc871\uacfc \ub2e4\uc591\ud55c DLT \ubc0f \ube14\ub85d\uccb4\uc778 \ub124\ud2b8\uc6cc\ud06c\uc758 \ud1b5\ud569\uc774 \ubd88\uac00\ub2a5\ud558\ub2e4\ub294 \uc810\uc774 \uc788\ub2e4. \uac8c\ub2e4\uac00 \uc774\uc885 \ube14\ub85d\uccb4\uc778 \ubc0f \ub2e4\uc218 \ube14\ub85d\uccb4\uc778\uc758 \uc6b4\uc6a9\uacfc \ud655\uc7a5\uc5d0 \ud544\uc694\ud55c \uc694\uad6c \uc0ac\ud56d\uc774 \ub300\ubd80\ubd84\uc758 \ud65c\uc6a9 \uc0ac\ub840\ub97c \ucda9\uc871\uc2dc\ud0a4\uc9c0 \ubabb\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0, \uac1c\ub150\uc801\uc778 \uc218\uc900\uc5d0\uc11c\uc758 \ud1b5\ud569\ub3c4 \uc774\ub8e8\uc5b4\uc9c0\uc9c0 \ubabb\ud558\uace0 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4. \uadf8 \uacb0\uacfc \uae08\uc735 \uc911\uac1c \uc5c5\uccb4\uc5d0\uc11c\ub294 \ud558\ub098\uc758 \ud50c\ub7ab\ud3fc\uc5d0 \ub9de\ucdb0 \uc778\ud504\ub77c\ub97c \ub3c4\uc785\ud588\ub2e4\uac00, \ud5a5\ud6c4 \uc0c8\ub85c\uc6b4 \uae30\uc220\uc758 \ud544\uc694\uc131\uc5d0 \ub530\ub77c \uac19\uc740 \uacfc\uc815\uc744 \ucc98\uc74c\ubd80\ud130 \ub2e4\uc2dc \uc2dc\uc791\ud574\uc57c \ud558\ub294 \ub4f1 \ub9e4\ubab0 \ube44\uc6a9\uc774 \uc99d\uac00\ud558\uace0 \uc788\ub2e4. \uc2e4\uc81c\ub85c \uae30\uc5c5 \uc601\uc5ed\uc5d0\uc11c \uc774\ub354\ub9ac\uc6c0\uc774 \ud558\uc774\ud37c\ub808\uc800\uc640 \ucf54\ub974\ub2e4\uc5d0 \uc785\uc9c0\ub97c \ub0b4\uc8fc\ub294 \ubaa8\uc2b5\uc774 \ub4dc\ub7ec\ub098\uace0 \uc788\ub2e4. \ud575\uc2ec \ubc45\ud0b9 \uc2dc\uc2a4\ud15c, \uacf5\uacf5 \ub4f1\ub85d, \uc2ec\uc9c0\uc5b4 (\uc740\ud589) \uc6d0\uc7a5\uc744 \uc774\ub4e4 \uc0c8\ub85c\uc6b4 \uc2dc\uc2a4\ud15c\uc5d0 \ub9de\ucdb0 \uc870\uc815\ud558\ub294 \uac83 \ub610\ud55c \uc5ec\uc804\ud788 \ubcf5\uc7a1\ud55c \ubb38\uc81c\ub85c \ub0a8\uc544 \uc788\ub2e4.<\/p>\n<p><strong>\uacfc\uac10\ud788 \ud601\uc2e0\ud558\uace0 \ucd5c\uc885 \uc18c\ube44\uc790\uc5d0\uac8c \ud5cc\uc2e0\ud558\ub77c.<\/strong> \uc2dc\uc7a5\uc758 \ud45c\uc900 \uc131\uc219\ub3c4\uac00 \ubd80\uc871\ud558\uae30 \ub54c\ubb38\uc5d0 \uc544\uc9c1\uae4c\uc9c0\ub294 \uae30\uc220\uc801 \uc9c4\uc785 \uc7a5\ubcbd\uc774 \ub0ae\uc740 \ud3b8\uc774\ub2e4. \ucd94\uac00\ub85c \uc774 \uc2dc\uc7a5\uc740 \uae30\uc220 \uc219\ub828\ub3c4\uc640 \uc804\ubb38\uc131\uc774 \uc5ec\uc804\ud788 \ubbf8\ud761\ud558\uae30 \ub54c\ubb38\uc5d0, \uc120\uc81c\uc801\uc73c\ub85c \uc194\ub8e8\uc158\uc744 \uac1c\ubc1c\ud558\uba74 \uc0c8\ub86d\uac8c \ub3c4\ub798\ud558\ub294 \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \uac00\uce58 \uccb4\uc778\uc5d0\uc11c \uc9c0\uc18d\uc801\uc778 \uacbd\uc7c1\uc801 \uc6b0\uc704\ub97c \uc810\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \ud5cc\uc2e0\uc5d0 \uc804\ub150\ud558\uba74 \uad00\ub9ac \ubc29\uc2dd\uacfc \uc815\ucc45, \ud45c\uc900\uc744 \uacb0\uc815\ud558\ub294 \ube14\ub85d\uccb4\uc778 \ucee8\uc18c\uc2dc\uc5c4\uc758 \ud615\ud0dc\ub85c \uc9c1\uc811 \uc5c5\uacc4\ub97c \uc7ac\ud3b8\ud558\uace0 \uacbd\uc7c1 \uc5c5\uccb4\ubcf4\ub2e4 \ud6e8\uc52c \ube68\ub9ac \ub3c5\uc810 \uae30\uc220\uc744 \uac1c\ubc1c\ud560 \uc218 \uc788\ub2e4. \uc9c0\uae08\uc758 \uae30\uc220\uc740 \uc81c\ud55c\ub41c \uc2e4\ud5d8 \ub2e8\uacc4\uc5d0\uc11c \uc2dc\uc7a5\uc5d0 \ub3c4\uc785\ub418\ub294 \ub2e8\uacc4\ub85c \uc6cc\ub099 \ube68\ub9ac \ubcc0\ud654\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0, \uc55e\uc11c \ub098\uac00\uc9c0 \uc54a\uc744 \uacbd\uc6b0\uc758 \uc704\ud5d8\uc131\uc740 \uc810\ucc28 \ucee4\uc9c0\uace0 \uc788\ub2e4. \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uae08\uc735 \uc5c5\uacc4 \uac00\uce58 \uccb4\uc778\uc758 \uacbd\uacc4\ub97c \ud5c8\ubb3c\uace0, \uc0c8\ub85c\uc6b4 \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uae30\uc220 \uae30\uc5c5\uc774 \uc774 \uc2dc\uc7a5\uc5d0 \uc0c8\ub86d\uac8c \uc9c4\ucd9c\ud558\ub294 \ud604\uc7ac\uc758 \ud2b8\ub80c\ub4dc\ub97c \uacf5\uace0\ud788 \ud560 \uac83\uc774\ub2e4. \uc774\ub7f0 \ud5cc\uc2e0\uc740 \ub2e8\uc21c\ud788 \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \uc804\ud1b5\uc801\uc778 \uc790\uc0b0\uacfc \ub3d9\uc77c\ud55c \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uac83\uc744 \ub118\uc5b4\uc11c\uc57c \ud55c\ub2e4. \ud2b9\ud788 \ub514\uc9c0\ud138 \uc790\uc0b0\uc774\ub77c\ub294 \uac1c\ub150\uc744 \uc55e\uc138\uc6cc \uc18c\ube44\uc790\uc640 \uc18c\ub9e4 \uc2dc\uc7a5\uc758 \uc0c8\ub85c\uc6b4 \uc5ed\ud560\uc744 \ub9dd\uac01\ud558\ub294 \uac83\uc740 \ub9c9\ub300\ud55c \uc2e4\ucc45\uc774 \ub420 \uc218 \uc788\ub2e4. \uc774 \uae30\uc220\uc740 \uc804\ud1b5\uc801\uc778 \uc790\uc0b0\uc774\ub098 \uc99d\uad8c\uacfc\ub294 \ub2ec\ub9ac \uc911\uac1c\uc778\uc744 \ubc30\uc81c\ud558\uc5ec \ucd5c\uc885 \uc0ac\uc6a9\uc790\uac00 \uc790\uc0b0\uc5d0 \uc801\uadf9\uc801\uc774\uace0 \uc9c1\uc811\uc801\uc778 \ucc38\uc5ec\uac00 \uac00\ub2a5\ud558\ub3c4\ub85d \ud574\uc8fc\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\uac83\uc774 \ubc14\ub85c \ub808\ubcfc\ub8e8\ud2b8(Revolut), e\ud1a0\ub85c(eToro), \ub85c\ube48\ud6c4\ub4dc(Robinhood)\uc640 \uac19\uc740 \ub514\uc9c0\ud138 \uae30\uc5c5\ub4e4\uc774 \uc7ac\ube68\ub9ac \ub514\uc9c0\ud138 \uc790\uc0b0 \uc11c\ube44\uc2a4\ub97c \ucd94\uac00\ud55c \uc774\uc720\uc774\uae30\ub3c4 \ud558\ub2e4.<\/p>\n<p><strong>\ub124\ud2b8\uc6cc\ud06c \ud6a8\uacfc\ub97c \uc5bb\uace0 \uc0dd\ud0dc\uacc4\ub97c \uad6c\ucd95\ud560 \uc218 \uc788\ub3c4\ub85d \ud30c\ud2b8\ub108\uc2ed\uc744 \uccb4\uacb0\ud558\ub77c.<\/strong> \ub9c8\uc9c0\ub9c9\uc73c\ub85c, \uc774\ub7f0 \uc778\ud504\ub77c\uac00 \uad6c\ucd95\ub418\uc5c8\ub2e4\uace0 \ud574\ub3c4 \uc751\uc6a9 \uc0c1\ud488 \ubc0f \uad00\ub828 \uc81c\ud488 \uc2dc\uc7a5\uc740 \uc544\uc9c1 \uc874\uc7ac\ud558\uc9c0 \uc54a\uc73c\uba70, \ud604\uc7ac \uc0c1\ud669\uc740 1990\ub144\ub300 \ud6c4\ubc18 \uad6c\uae00, \ud398\uc774\uc2a4\ubd81, \uc544\ub9c8\uc874\uc774 \ub4f1\uc7a5\ud558\uae30 \uc804\uc758 \uc778\ud130\ub137\ubcf4\ub2e4 \ubd88\ud655\uc2e4\ud55c \uc0c1\ud0dc\uc774\ub2e4. \ub530\ub77c\uc11c \uc0c8\ub85c\uc6b4 \uc2dc\uc7a5 \uc5ed\ud559\uacfc \ucd94\uac00\uc801\uc778 \uc0dd\ud0dc\uacc4 \ud611\ub825 \uad00\uacc4, \ud1b5\ud569\uae4c\uc9c0\ub3c4 \ud544\uc694\ud55c \uc0c1\ud669\uc774\ub2e4. \uc774\ub354\ub9ac\uc6c0\uc774\ub098 \uce74\ub974\ub2e4\ub178(Cardano), \ud14c\uc870\uc2a4(Tezos), \ub9ac\ud50c(Ripple), \uc6f93(WEB3) \ub4f1 \uc554\ud638\ud654\ud3d0 \ud2c8\uc0c8 \ud50c\ub7ab\ud3fc\uc758 \uac15\uc790\ub4e4\uc740 \uc9c0\uae08\uae4c\uc9c0 \ub2e4\uc591\ud55c \uacbd\ud5d8\uc744 \ub204\uc801\ud588\ub2e4\ub294 \uce21\uba74\uc5d0\uc11c \uc804\ud1b5\uc801\uc778 \uc5c5\uccb4\ub4e4\uc5d0\uac8c \uc801\ud569\ud55c \ud30c\ud2b8\ub108\uac00 \ub420 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uae30\uc5c5\ub4e4\uc740 \uac01\uae30 \ub3c5\ud2b9\ud55c \ucee4\ubba4\ub2c8\ud2f0\uc640 \uae30\uc220, \ucc44\ub110, \uac00\uce58\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc5b4 \uc804\ud1b5\uc801\uc778 \uc5c5\uccb4\ub4e4\uc774 \ud574\ub2f9 \uc2dc\uc7a5\uc5d0\uc11c \ucc28\ubcc4\ud654\ub41c \uc774\uc810\uc744 \uc120\uc810\ud560 \uc218 \uc788\ub2e4. \uae08\uc735 \uc911\uac1c \uc5c5\uccb4\uc5d0\uc11c\ub294 \uc804\ud1b5\uc801\uc778 \uc790\uc0b0\uc744 \ubcf4\uc720\ud558\uace0 \uac70\ub798\ud558\ub294 \uc804\ud1b5\uc801\uc778 \uc774\ud574 \ub2f9\uc0ac\uc790\uc640\uc758 \uad00\uacc4\ub97c \uc774\uc6a9\ud558\uc5ec \uc774\ub7f0 \ud0c8\uc911\uc559\ud654\ub41c \ud50c\ub7ab\ud3fc\uc744 \ubcf4\uc644\ud560 \uc218 \uc788\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \ub514\uc9c0\ud138 \uc790\uc0b0 \uc774\ud6c4\uc758 \uc601\uc5ed\uc5d0\uc11c \uae08\uc735 \uae30\uad00\uc740 \uc801\uc808\ud55c \ud30c\ud2b8\ub108\uc640 \ud568\uaed8 \uae30\uc874\uc758 \uc0ac\uace0\ubc29\uc2dd\uc744 \ud0c8\ud53c\ud574\uc57c\ub9cc \ud0c8\uc911\uc559\ud654\ub41c \uae08\uc735 \ubc0f \uc624\ud508 \ubc45\ud0b9\uc758 \ud61c\ud0dd\uc744 \ub204\ub9ac\uba74\uc11c \uadf8 \uacfc\uc815\uc5d0\uc11c \uc2a4\uc2a4\ub85c \ubd95\uad34\ub418\ub294 \uc77c\uc774 \uc5c6\ub3c4\ub85d \uc870\uc728\ud560 \uc218 \uc788\ub2e4.<\/p>\n<h3><strong>\uc131\uacf5\uc758 \uae38<\/strong><\/h3>\n<p>\ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uae08\uc735 \uc2dc\uc7a5\uc5d0 \uc788\uc5b4 \uc0c8\ub85c\uc6b4 \uae30\ud68c\ub97c \uc81c\uc2dc\ud574 \uc900\ub2e4. \ub2e4\uac00\uc624\ub294 \ube14\ub85d\uccb4\uc778 \ud50c\ub7ab\ud3fc\uacfc \uc560\ud50c\ub9ac\ucf00\uc774\uc158, \ub514\uc9c0\ud138 \uc790\uc0b0\uc744 \uae30\ubc18\uc73c\ub85c \ud55c \uc81c2\uc758 \ubb3c\uacb0\uc774 \uc131\uacf5\uc801\uc73c\ub85c \uc548\ucc29\ud560 \uacbd\uc6b0, \uc554\ud638\ud654\ud3d0 \ubc84\ube14\uc744 \ub193\ucce4\uac70\ub098 \ubb34\uc2dc\ud588\ub358 \ub300\ubd80\ubd84\uc758 \uae08\uc735 \uae30\uad00\uc774 \ud6c4\ubc1c\uc9c4\uc785\uc790\uc758 \uc774\uc810\uc744 \uace0\uc2a4\ub780\ud788 \ub204\ub9b4 \uc218 \uc788\ub2e4. \uaddc\uc81c\uc640 \ub370\uc774\ud130 \ubcf4\uc548\uc758 \uc555\ubc15\uc774 \uc99d\uac00\ud588\ub2e4\uace0\ub294 \ud558\uc9c0\ub9cc, \uae08\uc735 \uae30\uad00\uc740 \uaddc\uc81c \ub2f9\uad6d\uc758 \uc9c0\uc6d0\uc744 \ubc1b\uc544 \ub9c8\uce68\ub0b4 \uae30\uc220\uc801\uc778 \uc18d\ub3c4\ub97c \ub530\ub77c\uc7a1\uc744 \uc218 \uc788\ub2e4.<br \/>\n\uadf8\ub7ec\ub824\uba74 \uae08\uc735 \uae30\uad00\uc758 \uc758\uc0ac\uacb0\uc815\uad8c\uc790\ub4e4\uc774 \ub514\uc9c0\ud138 \uc790\uc0b0\uc774 \uc81c\uacf5\ud558\ub294 \uae30\ud68c\ub97c \ubd99\uc7a1\uc544 \ub3c4\uc785\ud558\uace0 \uc0c8\ub85c\uc6b4 \uc0c1\ud488\uc744 \uc81c\uacf5\ud574\uc57c \ud55c\ub2e4. \uadf8 \uacfc\uc815\uc5d0\uc11c \uba85\ud655\ud55c \uc804\ub7b5\uc744 \uc218\ub9bd\ud558\uace0 \uc7a0\uc7ac\uc801\uc778 \ud65c\uc6a9 \uc0ac\ub840\ub97c \uad6c\uccb4\ud654\ud574\uc57c \ud55c\ub2e4. \uadf8 \uacb0\uacfc, \uc2e4\uc9c8\uc801\uc778 \ud22c\uc790\uc640 \uad70\ub354\ub354\uae30 \uc5c6\ub294 \uc2e4\ud589\uc774 \ud544\uc694\ud558\ub2e4. \uc77c\ubd80 \uae30\uad00\uc740 \uc554\ud638\ud654\ud3d0\uc640 \ube14\ub85d\uccb4\uc778\uc5d0 \ub300\ud55c \uc785\uc7a5\uc744 \ub2e4\uc2dc \uc815\ub9bd\ud558\ub294 \uac83\ub3c4 \uace0\ub824\ud574 \ubd10\uc57c \ud560 \uac83\uc774\ub2e4.<\/p>\n<p>\uc811\uadfc \ubc29\uc2dd \uce21\uba74\uc744 \ubcf4\uba74, \uae08\uc735 \uae30\uad00\uc740 \ub9e4\ubab0 \ube44\uc6a9\uc5d0 \ub300\ud55c \uacf5\ud3ec\uc640 \uc870\uae08 \ub354 \uae30\ub2e4\ub824 \ubcf4\ub294 \uc811\uadfc \ubc29\uc2dd\uc758 \uc704\ud5d8\uc131 \uc0ac\uc774\uc5d0\uc11c \uc801\uc808\ud55c \uade0\ud615\uc810\uc744 \ucc3e\uc544\uc57c \ud55c\ub2e4. \uc774 \uacbd\uc6b0 \uc2e4\uccb4\uac00 \uc788\ub294 MVP4\ub97c \uc774\uc6a9\ud558\uc5ec \ubcd1\ub82c\uc801\uc73c\ub85c \ub2e4\uc591\ud55c \uae30\ud68c\ub97c \uc2dc\ud5d8\ud574 \ubcf4\ub294 \uac83\uc774 \uac00\uc7a5 \uc801\uc808\ud55c \uc811\uadfc \ubc29\uc2dd\uc77c \uac83\uc774\ub2e4. \uc774\ub54c \uc0ac\uc6a9 \ube44\uc6a9\uacfc \uc774\uc6a9 \ubc94\uc704\ub294 \uc801\uc808\ud788 \uc81c\uc548\ud558\ub418, \uba85\ud655\ud55c \ud559\uc2b5 \uc774\uc815\ud45c\uc640 \uc131\uacf5 \uc870\uac74\uc744 \uc218\ub9bd\ud574 \ub450\uc5b4\uc57c \ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc774\ub7f0 \ubaa9\ud45c\uc5d0 \ub3c4\ub2ec\ud558\ub294 \uacbd\uc6b0, \uc120\ud0dd\ud55c \uc804\ub7b5\uc801 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ucd94\uac00 \uc608\uc0b0\uacfc \uc778\ub825\uc744 \ud560\ub2f9\ud574\uc57c \ud55c\ub2e4. \uc774\ub7f0 \ud504\ub85c\uc81d\ud2b8\uc5d0 \uc804\ub150\ud558\ub294 \ub0b4\ubd80 \ud0dc\uc2a4\ud06c \ud3ec\uc2a4\ub098 &#8220;\uc2a4\ud540\uc624\ud504&#8221; \ud300\uc744 \uacb0\uc131\ud558\uba74 \uc5c5\ubb34 \ud6a8\uc728\uc774 \uc99d\uac00\ud558\uace0 \ud5a5\ud6c4 \uc798 \uc5f0\ub9c8\ub41c \ud65c\uc6a9 \uc0ac\ub840\uc640 \ud568\uaed8 \uc7a0\uc7ac\uc801\uc73c\ub85c \uc218\uc775\uc131 \uc788\ub294 \ube44\uc988\ub2c8\uc2a4 \ucf00\uc774\uc2a4\ub85c \ubc1c\uc804\uc2dc\ud0ac \uc218 \uc788\ub294 \uac00\ub2a5\uc131\uc774 \ucee4\uc9c4\ub2e4. \uc774\ub7f0 \uc811\uadfc \ubc29\uc2dd\uc740 \uc2dc\uc7a5 \uc5ed\ud559\uc5d0 \ub300\ud55c \uc790\uc138\ud55c \uc774\ud574\uc640 \uc9c4\uc785 \ucd08\uae30\uc5d0 \uc801\uc808\ud55c \ud30c\ud2b8\ub108\uc2ed\uc744 \uccb4\uacb0\ud560 \uc218 \uc788\ub294 \uc0dd\ud0dc\uacc4\uac00 \uc788\ub294 \uacbd\uc6b0 \ubcf4\uc644\ub418\uace0 \uac00\uc18d\ud654\ub420 \uc218 \uc788\ub2e4.<\/p>\n<p><a href=\"https:\/\/www.bcg.com\/navigating-the-digital-asset-ecosystem\" target=\"_blank\" rel=\"noopener\">\uc6d0\ubb38(\uc601\uc5b4) \ubcf4\ub7ec\uac00\uae30<\/a><\/p>\n<p><a href=\"\/newsletter\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2753\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2020\/10\/BCG\ub274\uc2a4\ub808\ud130\uad6c\ub3c5\ud558\uae30\ucd08\ub85d\ubc30\uacbd.png\" alt=\"\" width=\"180\" height=\"50\" title=\"\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ube14\ub85d\uccb4\uc778\uacfc \uc554\ud638\ud654\ud3d0\ub294, \ucd5c\uc2e0 \uae30\uc220 \uc911\uc5d0\uc11c\ub3c4 \ud2b9\ud788 \uc218\ub9ce\uc740 \uc0ac\ub78c\ub4e4\uc758 \uc5f4\uad11\uc744 \uc774\ub04c\uc5b4\ub0b4\uae34 \ud588\uc9c0\ub9cc, \uc5ec\uc804\ud788 \ub2f9\ud639\uc2a4\ub7ec\uc6b4 \ub51c\ub808\ub9c8\ub97c \ub9c8\uc8fc\ud558\uace0 \uc788\ub2e4. \uc9c0\ubc30\uc801\uc778 \ud50c\ub7ab\ud3fc\uc774\ub098 \ud504\ub85c\ud1a0\ucf5c\uc774 \ub4f1\uc7a5\ud560 \uac83\uc778\uac00? \ub124\ud2b8\uc6cc\ud06c \ud6a8\uacfc\ub85c\ubd80\ud130 \uc5b4\ub5a4 \ud61c\ud0dd\uc744 \ubc1b\uc744 \uc218 \uc788\ub294\uac00? \uc0c8\ub85c\uc6b4 \uaddc\uaca9\uc774 \uc815\ubcf4\uc758 \uc0c1\ud638 \uc6b4\uc6a9\uc744 \ucd09\uc9c4\ud560 \uac83\uc778\uac00? \uc774\uc640 \uac19\uc740 \uc9c8\ubb38\uc5d0 \ub2f5\ud558\ub294 \uac83\uc740 \uc9c0\ub09c\ud55c \uacfc\uc815\uc774\uae34 \ud558\uc9c0\ub9cc, \uacb0\uacfc\uc801\uc73c\ub85c \ub514\uc9c0\ud138 \uc790\uc0b0\uc758 \ub4f1\uc7a5\uc740 \ud544\uc5f0\uc801\uc774\ub77c \ud560 \uc218 \uc788\ub2e4. \uc554\ud638\ud654\ud3d0\uc640 \ub2ec\ub9ac \ub514\uc9c0\ud138 \uc790\uc0b0\uc740 \uae08\uc735 \uc5c5\uacc4\uc758 \uc120\ub3c4 \uc8fc\uc790\ub4e4\ub3c4 \uc2ec\uac01\ud558\uac8c \uace0\ub824\ud574 \ubcfc \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":1919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[24,33,32],"tags":[],"class_list":{"0":"post-2608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bcgx_digital_ai","8":"category-fi-ins-pipe","9":"category-industry"},"_links":{"self":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/2608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/comments?post=2608"}],"version-history":[{"count":0,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/2608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media\/1919"}],"wp:attachment":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media?parent=2608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/categories?post=2608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/tags?post=2608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}