{"id":6183,"date":"2025-12-29T11:44:17","date_gmt":"2025-12-29T11:44:17","guid":{"rendered":"https:\/\/blog.gammaassets.com\/?p=6183"},"modified":"2026-03-08T20:00:48","modified_gmt":"2026-03-08T20:00:48","slug":"%d9%85%d8%a7-%d9%87%d9%88-%d9%86%d8%b8%d8%a7%d9%85-%d8%a7%d9%84%d8%aa%d8%ad%d8%b5%d9%8a%d8%b5-%d9%81%d9%8a-%d8%aa%d9%82%d8%b3%d9%8a%d9%85-%d8%a7%d9%84%d8%a3%d8%b5%d9%88%d9%84%d8%9f-%d8%b4%d8%b1%d8%ad","status":"publish","type":"post","link":"https:\/\/blog.gammaassets.com\/ar\/%d9%85%d8%a7-%d9%87%d9%88-%d9%86%d8%b8%d8%a7%d9%85-%d8%a7%d9%84%d8%aa%d8%ad%d8%b5%d9%8a%d8%b5-%d9%81%d9%8a-%d8%aa%d9%82%d8%b3%d9%8a%d9%85-%d8%a7%d9%84%d8%a3%d8%b5%d9%88%d9%84%d8%9f-%d8%b4%d8%b1%d8%ad\/","title":{"rendered":"\u0645\u0627 \u0647\u0648 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u062a\u0642\u0633\u064a\u0645 \u0627\u0644\u0623\u0635\u0648\u0644\u061f \u0634\u0631\u062d \u0646\u0638\u0627\u0645 \u062a\u0642\u0633\u064a\u0645 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src=\"https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/\u0645\u0627-\u0647\u0648-\u0646\u0638\u0627\u0645-\u0627\u0644\u062a\u062d\u0635\u064a\u0635-\u0641\u064a-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644\u061f-\u0634\u0631\u062d-\u0646\u0638\u0627\u0645-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644-\u0625\u0644\u0649-\u062d\u0635\u0635-\u0648\u0627\u0644\u0641\u0631\u0635-\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.mp3?_=1\" \/><a href=\"https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/\u0645\u0627-\u0647\u0648-\u0646\u0638\u0627\u0645-\u0627\u0644\u062a\u062d\u0635\u064a\u0635-\u0641\u064a-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644\u061f-\u0634\u0631\u062d-\u0646\u0638\u0627\u0645-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644-\u0625\u0644\u0649-\u062d\u0635\u0635-\u0648\u0627\u0644\u0641\u0631\u0635-\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.mp3\">https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/\u0645\u0627-\u0647\u0648-\u0646\u0638\u0627\u0645-\u0627\u0644\u062a\u062d\u0635\u064a\u0635-\u0641\u064a-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644\u061f-\u0634\u0631\u062d-\u0646\u0638\u0627\u0645-\u062a\u0642\u0633\u064a\u0645-\u0627\u0644\u0623\u0635\u0648\u0644-\u0625\u0644\u0649-\u062d\u0635\u0635-\u0648\u0627\u0644\u0641\u0631\u0635-\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.mp3<\/a><\/audio>\n<h2><\/h2>\n<h2 style=\"text-align: right;\"><b>\u062a\u0639\u0631\u064a\u0641 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635: \u0645\u0641\u0647\u0648\u0645 \u062a\u0642\u0633\u064a\u0645 \u0627\u0644\u0623\u0635\u0648\u0644 \u0625\u0644\u0649 \u062d\u0635\u0635 \u0648\u0627\u0636\u062d\u0629<\/b><\/h2>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u064a\u0645\u062b\u0644 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 (Fractional Ownership) \u0646\u0645\u0648\u0630\u062c\u064b\u0627 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u064b\u0627 \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u062a\u0642\u0633\u064a\u0645 \u0645\u0644\u0643\u064a\u0629 \u0623\u0635\u0644 \u0648\u0627\u062d\u062f \u0645\u0631\u062a\u0641\u0639 \u0627\u0644\u0642\u064a\u0645\u0629\u060c \u0645\u062b\u0644 \u0639\u0642\u0627\u0631 \u062a\u062c\u0627\u0631\u064a \u0623\u0648 \u0639\u0645\u0644 \u0641\u0646\u064a \u0623\u0648 \u0623\u0635\u0644 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\u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u0623\u0646\u0648\u0627\u0639 \u0627\u0644\u062d\u0635\u0635 \u0641\u064a \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635<\/span><\/p>\n<ul style=\"text-align: right;\">\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">\u0627\u0644\u062d\u0635\u0635 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0641\u0642\u0637: \u062a\u0631\u0643\u0632 \u0639\u0644\u0649 \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (\u0645\u062b\u0644 \u0627\u0644\u0625\u064a\u062c\u0627\u0631\u0627\u062a \u0623\u0648 \u0627\u0644\u0623\u0631\u0628\u0627\u062d) \u062f\u0648\u0646 \u0645\u0646\u062d \u062d\u0642 \u0627\u0644\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0645\u0627\u062f\u064a 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\u064a\u062d\u0635\u0644 \u0627\u0644\u0645\u0627\u0644\u0643 \u0639\u0644\u0649 \u0623\u064a\u0627\u0645 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0645\u062d\u062f\u062f\u0629 \u0633\u0646\u0648\u064a\u064b\u0627 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u062d\u0635\u062a\u0647.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">\u0627\u0644\u062d\u0635\u0635 \u0627\u0644\u0631\u0645\u0632\u064a\u0629 (Tokenized): \u0641\u064a \u0627\u0644\u0639\u0635\u0631 \u0627\u0644\u0631\u0642\u0645\u064a\u060c \u062a\u064f\u062d\u0648\u0644 \u0627\u0644\u062d\u0635\u0635 \u0625\u0644\u0649 \u0631\u0645\u0648\u0632 \u0628\u0644\u0648\u0643\u0634\u064a\u0646 \u063a\u064a\u0631 \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u0627\u0633\u062a\u0628\u062f\u0627\u0644 (NFTs) \u0623\u0648 \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u0627\u0633\u062a\u0628\u062f\u0627\u0644 (Tokens)\u060c \u0645\u0645\u0627 \u064a\u0639\u0632\u0632 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0627\u0644\u0645\u064a.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u00a0\u062a\u062a\u0648\u0644\u0649 \u0634\u0631\u0643\u0629 \u0625\u062f\u0627\u0631\u0629 \u0645\u062a\u062e\u0635\u0635\u0629 \u0623\u0648 \u0645\u0646\u0635\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 (\u0645\u062b\u0644 RealtyMogul \u0623\u0648 Pacaso \u0641\u064a \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a) \u0645\u0633\u0624\u0648\u0644\u064a\u0627\u062a \u062a\u0634\u0645\u0644 \u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0623\u0635\u0644\u060c \u0625\u0635\u062f\u0627\u0631 \u0627\u0644\u062d\u0635\u0635\u060c \u062c\u0645\u0639 \u0627\u0644\u0623\u0645\u0648\u0627\u0644\u060c \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u062a\u0634\u063a\u064a\u0644 \u0627\u0644\u064a\u0648\u0645\u064a\u060c 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\u0625\u064a\u062c\u0627\u0631\u064a\u064b\u0627 \u0642\u062f\u0631\u0647 100,000 \u062f\u0648\u0644\u0627\u0631 \u0633\u0646\u0648\u064a\u064b\u0627 \u0648\u062d\u0635\u062a\u0643 5%\u060c \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 5,000 \u062f\u0648\u0644\u0627\u0631 \u0645\u0637\u0631\u0648\u062d\u064b\u0627 \u0645\u0646\u0647\u0627 \u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0645\u0639 \u062a\u0648\u0632\u064a\u0639 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0628\u064a\u0639 \u0639\u0646\u062f \u0627\u0644\u062a\u0635\u0641\u064a\u0629 \u0623\u0648 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0628\u064a\u0639 \u0644\u0644\u0623\u0635\u0644 \u0628\u0623\u0643\u0645\u0644\u0647.<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_6186\" aria-describedby=\"caption-attachment-6186\" style=\"width: 819px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-6186\" src=\"https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-300x157.jpg\" alt=\"\u0643\u064a\u0641 \u064a\u0639\u0645\u0644 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629 \u0644\u0644\u0623\u0635\u0648\u0644\u061f\" width=\"819\" height=\"428\" srcset=\"https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-300x157.jpg 300w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-1024x536.jpg 1024w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-768x402.jpg 768w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-1536x804.jpg 1536w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-1-2048x1072.jpg 2048w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/><figcaption id=\"caption-attachment-6186\" class=\"wp-caption-text\">\u0643\u064a\u0641 \u064a\u0639\u0645\u0644 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629 \u0644\u0644\u0623\u0635\u0648\u0644\u061f<span style=\"font-size: 16px; font-weight: 400; text-align: right;\">\u00a0<\/span><\/figcaption><\/figure>\n<h2 style=\"text-align: right;\"><b>\u0643\u064a\u0641 \u064a\u0639\u0645\u0644 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629 \u0644\u0644\u0623\u0635\u0648\u0644\u061f<\/b><\/h2>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u064a\u0639\u062a\u0645\u062f \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629 \u0639\u0644\u0649 \u0639\u0645\u0644\u064a\u0629 \u0645\u0646\u0647\u062c\u064a\u0629 \u062a\u0628\u062f\u0623 \u0628\u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0623\u0635\u0644 \u0628\u062f\u0642\u0629 \u0645\u0646 \u0642\u0628\u0644 \u062e\u0628\u0631\u0627\u0621 \u0645\u0633\u062a\u0642\u0644\u064a\u0646 \u0644\u062a\u062d\u062f\u064a\u062f \u0642\u064a\u0645\u062a\u0647 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629\u060c \u062b\u0645 \u062a\u0642\u0633\u064a\u0645\u0647 \u0625\u0644\u0649 \u0639\u062f\u062f \u0645\u062d\u062f\u062f \u0645\u0646 \u0627\u0644\u062d\u0635\u0635 (\u0645\u062b\u0644 10,000 \u062d\u0635\u0629 \u0644\u0639\u0642\u0627\u0631 \u0628\u0642\u064a\u0645\u0629 10 \u0645\u0644\u0627\u064a\u064a\u0646 \u062f\u0648\u0644\u0627\u0631\u060c \u062d\u064a\u062b \u062a\u0643\u0648\u0646 \u0643\u0644 \u062d\u0635\u0629 \u0628\u06401,000 \u062f\u0648\u0644\u0627\u0631 \u062a\u0642\u0631\u064a\u0628\u064b\u0627)\u060c \u0645\u0639 \u0625\u0636\u0627\u0641\u0629 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0625\u0635\u062f\u0627\u0631 \u0645\u062b\u0644 \u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0648\u0627\u0644\u062a\u0633\u0648\u064a\u0642 \u0648\u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a \u0644\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0646\u0647\u0627\u0626\u064a \u0644\u0643\u0644 \u062d\u0635\u0629.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u062e\u0637\u0648\u0627\u062a \u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0648\u0627\u0644\u062a\u0642\u0633\u064a\u0645 \u0627\u0644\u062a\u0641\u0635\u064a\u0644\u064a\u0629<\/span><\/p>\n<ul style=\"text-align: right;\">\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">\u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0623\u0648\u0644\u064a: \u064a\u0634\u0645\u0644 \u0641\u062d\u0635\u064b\u0627 \u0634\u0627\u0645\u0644\u0627\u064b \u0644\u0644\u0623\u0635\u0644 (\u0639\u0642\u0627\u0631\u064a\u064b\u0627: \u0627\u0644\u0645\u0648\u0642\u0639\u060c \u0627\u0644\u062d\u0627\u0644\u0629\u060c \u0627\u0644\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629\u061b \u0631\u0642\u0645\u064a\u064b\u0627: \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0648\u0627\u0644\u062a\u062f\u0641\u0642 \u0627\u0644\u0646\u0642\u062f\u064a)\u060c \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0637\u0631\u0642 \u0645\u062b\u0644 \u0645\u0642\u0627\u0631\u0646\u0629 \u0627\u0644\u0645\u0628\u064a\u0639\u0627\u062a \u0623\u0648 \u0646\u0645\u0648\u0630\u062c \u0627\u0644\u062a\u062f\u0641\u0642 \u0627\u0644\u0646\u0642\u062f\u064a \u0627\u0644\u0645\u062e\u0635\u0648\u0645 (DCF) \u0644\u0636\u0645\u0627\u0646 \u062f\u0642\u0629 \u0627\u0644\u0642\u064a\u0645\u0629.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">\u062a\u062d\u062f\u064a\u062f \u0639\u062f\u062f \u0627\u0644\u062d\u0635\u0635 \u0648\u0633\u0639\u0631\u0647\u0627: \u064a\u064f\u0642\u0631\u0631 \u0627\u0644\u0645\u0646\u0634\u0626 \u0639\u062f\u062f \u0627\u0644\u062d\u0635\u0635 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 (\u0645\u062b\u0644 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u064a\u0648\u0644\u0629 \u0643\u0627\u0641\u064a\u0629)\u060c \u0645\u0639 \u0627\u062d\u062a\u0633\u0627\u0628 \u0647\u0627\u0645\u0634 \u0644\u0644\u062a\u0643\u0627\u0644\u064a\u0641 (5-10%)\u060c \u0648\u064a\u064f\u0635\u062f\u0631 \u0639\u0627\u062f\u0629\u064b \u0643\u0639\u0642\u0648\u062f LLC \u0623\u0648 \u0634\u0631\u0627\u0643\u0627\u062a \u0645\u062d\u062f\u0648\u062f\u0629 \u0644\u062a\u0648\u0632\u064a\u0639\u0647\u0627 \u0639\u0628\u0631 \u0645\u0646\u0635\u0627\u062a \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">\u0627\u0644\u062a\u062d\u0642\u0642 \u0648\u0627\u0644\u0625\u0641\u0635\u0627\u062d: \u064a\u064f\u0642\u062f\u0651\u064e\u0645 \u062a\u0642\u0631\u064a\u0631 \u0625\u0641\u0635\u0627\u062d\u064a \u064a\u0648\u0636\u062d \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0644\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0644\u0644\u0648\u0627\u0626\u062d \u0645\u062b\u0644 SEC \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0623\u0648 \u0645\u0639\u0627\u062f\u0644\u0627\u062a\u0647\u0627 \u0627\u0644\u0645\u062d\u0644\u064a\u0629.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u00a0\u0628\u0639\u062f \u0634\u0631\u0627\u0621 \u0627\u0644\u062d\u0635\u0635\u060c \u064a\u062d\u0635\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0639\u0644\u0649 \u062d\u0642\u0648\u0642 \u0646\u0633\u0628\u064a\u0629 \u062a\u0634\u0645\u0644 \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u062f\u0648\u0631\u064a (\u0625\u064a\u062c\u0627\u0631\u0627\u062a \u0623\u0648 \u0623\u0631\u0628\u0627\u062d \u0645\u0642\u0633\u0645\u0629 \u0631\u0628\u0639 \u0633\u0646\u0648\u064a\u064b\u0627 \u0623\u0648 \u0634\u0647\u0631\u064a\u064b\u0627)\u060c \u0648\u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629 \u0639\u0646\u062f \u0628\u064a\u0639 \u0627\u0644\u0623\u0635\u0644 (\u0645\u062b\u0644: \u062d\u0635\u0629 2% \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 2% \u0645\u0646 \u0635\u0627\u0641\u064a \u0627\u0644\u0639\u0627\u0626\u062f)\u060c 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href=\"https:\/\/blog.gammaassets.com\/ar\/%d8%a7%d9%81%d9%83%d8%a7%d8%b1-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d8%a7%d9%84%d8%b5%d8%ba%d9%8a%d8%b1\/\" target=\"_blank\" rel=\"noopener\">\u0627\u0641\u0643\u0627\u0631 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0635\u063a\u064a\u0631<\/a><\/span><\/p>\n<p><span data-sheets-root=\"1\"><a class=\"in-cell-link\" href=\"https:\/\/blog.gammaassets.com\/ar\/%d8%a7%d9%81%d8%b6%d9%84-%d8%b9%d8%a7%d8%a6%d8%af-%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d9%8a-%d9%81%d9%8a-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9\/\" target=\"_blank\" rel=\"noopener\">\u0627\u0641\u0636\u0644 \u0639\u0627\u0626\u062f \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a \u0641\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629<\/a><\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2 style=\"text-align: right;\"><b>\u0627\u0644\u0641\u0648\u0627\u0626\u062f 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https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-2-1024x536.jpg 1024w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-2-768x402.jpg 768w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-2-1536x804.jpg 1536w, https:\/\/blog.gammaassets.com\/wp-content\/uploads\/2025\/12\/7-2-2048x1072.jpg 2048w\" sizes=\"(max-width: 799px) 100vw, 799px\" \/><figcaption id=\"caption-attachment-6188\" class=\"wp-caption-text\">\u062a\u0637\u0628\u064a\u0642\u0627\u062a \u0639\u0645\u0644\u064a\u0629 \u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u062d\u0635\u064a\u0635 \u0641\u064a \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0648\u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629<span style=\"font-size: 16px; font-weight: 400; text-align: right;\">\u00a0<\/span><\/figcaption><\/figure>\n<h2 style=\"text-align: right;\"><b>\u062a\u0637\u0628\u064a\u0642\u0627\u062a \u0639\u0645\u0644\u064a\u0629 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\u0645\u0646\u0635\u0627\u062a \u0645\u062a\u062e\u0635\u0635\u0629 \u0645\u062b\u0644 Pacaso \u0623\u0648 Roofstock \u0623\u0648 \u0634\u0631\u0643\u0627\u062a \u0625\u062f\u0627\u0631\u0629 \u0639\u0642\u0627\u0631\u064a\u0629 \u0645\u062d\u0644\u064a\u0629 \u0627\u0644\u0645\u0647\u0627\u0645 \u0627\u0644\u064a\u0648\u0645\u064a\u0629 \u0627\u0644\u0634\u0627\u0645\u0644\u0629 \u0645\u062b\u0644 \u0627\u0644\u062a\u0623\u062c\u064a\u0631\u060c \u0627\u0644\u0635\u064a\u0627\u0646\u0629\u060c \u062c\u0645\u0639 \u0627\u0644\u0625\u064a\u062c\u0627\u0631\u0627\u062a\u060c \u0648\u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0644\u0644\u0648\u0627\u0626\u062d \u0627\u0644\u0645\u062d\u0644\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0639\u0641\u064a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u0646 \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0627\u0644\u0645\u0628\u0627\u0634\u0631 \u0645\u0639 \u0627\u0644\u062a\u0639\u0642\u064a\u062f\u0627\u062a \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a\u0629.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u0623\u0645\u0627 \u0641\u064a \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u0641\u0625\u0646 \u062a\u0642\u0646\u064a\u0629 \u0631\u0642\u0645\u0646\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0648\u0627\u0642\u0639\u064a\u0629 (Real World Assets &#8211; RWA Tokenization) \u062a\u062d\u0648\u0644 \u062d\u0635\u0635 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 \u0625\u0644\u0649 \u0631\u0645\u0648\u0632 \u0631\u0642\u0645\u064a\u0629 (Tokens) \u0645\u0628\u0646\u064a\u0629 \u0639\u0644\u0649 \u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u0628\u0644\u0648\u0643\u0634\u064a\u0646\u060c \u0633\u0648\u0627\u0621 \u0643\u0627\u0646\u062a \u0631\u0645\u0648\u0632\u0627\u064b \u0642\u0627\u0628\u0644\u0629 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