Dusk and the European licensed exchange NPEX are teaming up. Next year, the Dusk ecosystem will launch a platform called DuskTrade for institutional-level RWA trading. The plan is to tokenize over 300 million euros of traditional securities, move them on-chain for trading, settlement, and custody, all strictly compliant with EU regulations.

The brilliance of this project lies in solving an old problem: how to protect institutional investors' privacy while meeting regulatory requirements. NPEX holds a complete EU financial license (including MTF, Broker, and ECSP), providing regulatory backing. Meanwhile, Dusk employs zero-knowledge proofs and homomorphic encryption to keep position and trading strategy details encrypted by default, with only authorized regulators able to decrypt and audit. In other words, trade secrets remain confidential, and KYC/AML processes are also maintained.

This complements Dusk's recently launched DuskEVM mainnet. Developers can deploy Ethereum ecosystem contracts directly on it while benefiting from the auditable privacy features provided by the Hedger protocol. In the future, more RWA issuers and DeFi protocols will be able to quickly build applications on Dusk without having to choose between privacy and transparency.

Since 2018, Dusk has taken a different path—focusing specifically on institutional needs and researching how to achieve traditional financial-level privacy and compliance on-chain. Most public chain projects are competing for retail traffic, but Dusk has been refining this set of solutions. Now that DuskTrade is coming to fruition, it proves to some extent that: for blockchain to truly serve the real economy, the key lies in building trustworthy designs that are friendly to regulators. For investors optimistic about the long-term development of RWA, this progress is worth continued attention.