Recently, the hype around RWA (Real World Assets) has indeed been high. It seems that after a major asset management company launched a related ETF, everyone firmly believed that Wall Street's heavy funds would soon flood into the on-chain space. But upon closer reflection, this logic is a bit too optimistic.

From another perspective, if you were sitting in the trading room of JPMorgan or Goldman Sachs, would you really move hundreds of millions of dollars worth of bonds onto Ethereum or Solana for execution?

Most likely not. The reason is quite straightforward—public blockchains are like transparent glass houses. When you place an order, the whole world can see it clearly. Your positions, operational strategies, and fund movements are all laid bare. This democratizes access for retail investors but spells hell for institutions. Business secrets can be exposed in minutes, and you must always guard against the risk of front-running.

Plus, there's the looming sword of regulation overhead. Traditional financial institutions are truly afraid not of account losses but of failing to pass compliance checks.

Because of these reasons, Dusk Network is a project that hits the pain points directly. Over the past two years, while most Layer 1 projects have been desperately pursuing TPS and throughput numbers, Dusk has been deeply cultivating a seemingly niche but highly profound track—RegDeFi (Regulatory Decentralized Finance). It doesn't aim to compete with Ethereum as a general-purpose computing platform but instead is building a specialized team for bringing financial assets on-chain.

Dusk's real secret weapon lies here: it has seen through the two major gaps that TradFi must cross to enter DeFi—privacy protection and regulatory compliance.