Privacy blockchain is a topic that many people jump into with technical terms like zk-SNARKs and homomorphic encryption, as if these terms alone represent everything. But what truly boosts institutional trust and makes them willing to migrate assets on-chain is never just these words themselves.

Recently, I’ve reviewed a lot of materials and had in-depth conversations with several friends working in compliant financial infrastructure. One project’s approach really moved me—Dusk doesn’t just say "we support privacy," but integrates compliance frameworks directly into the underlying design of the chain. That’s the right way.

Imagine the real concerns of institutions. A chain claims to be "compliance-friendly," but when institutions actually want to turn stocks and bonds into tokens and issue them on-chain, their worries go far beyond transaction confidentiality. Identity verification (KYC) must be in place, each transaction’s authorization chain needs to be traceable, and regulators should be able to selectively disclose key data when conducting audits. These considerations have been incorporated into Dusk’s protocol design from the start. Their proposed Confidential Security Token standard is like providing issuers with a complete compliance toolkit—protecting transaction details while allowing regulators to access data when necessary. This is the true form of "programmable privacy," and it’s also the confidence that makes institutions willing to participate.

From a technical implementation perspective, DuskEVM’s launch has indeed lowered development barriers. Interestingly, this chain did not abandon its privacy features just because it is EVM-compatible. Developers write contracts in Solidity, and behind the scenes, they are automatically protected by zero-knowledge proofs. For programmers, this process feels seamless, but the practicality is not compromised at all. Their testnet is already running some experimental projects, and the feedback looks promising.