There's a detail worth pondering: recently, some projects in the crypto space have been quietly exploring the intersection of traditional finance and blockchain, and DUSK seems to be taking a more direct approach.

**Obtaining EU Licenses to Open Compliance Channels**

The DUSK team has established a deep partnership with NPEX, a Dutch exchange that holds an EU-issued Multilateral Trading Facility (MTF) license—what does this mean? Simply put, it’s a permit to operate legally within the EU framework. Through this channel, over €200 million in traditional assets (bonds, stocks, etc.) are already preparing to be tokenized.

The interesting part is: once these assets become digital certificates on the chain and start circulating, increased on-chain activity will drive higher demand for DUSK tokens. More importantly, this breaks down the compliance barriers for institutional capital entry. Institutional investors who previously avoided crypto assets due to regulatory concerns—pension funds, insurance companies, family offices—now have a legitimate pathway to participate.

**Can the technology keep up?**

Policy support alone isn’t enough. DUSK has chosen an EVM-compatible technical route, which significantly reduces the migration costs for developers. Existing Ethereum ecosystem developers can build on this chain with less friction, making the rapid accumulation of DeFi protocols, asset management tools, and other ecological applications a real possibility.

Conversely, when the demand for compliant assets to be tokenized meets a relatively robust ecosystem of applications, DUSK’s role as a network hub and transaction fuel begins to show its value. This isn’t just a speculative story; it’s a demand chain shift driven by the expansion of asset classes.

**Is the market already pricing this in?**

From market enthusiasm, projects combining compliance and RWA (Real-World Assets) still seem to lack sufficient attention. Most discussions remain at the macro narrative level ("RWA is the next big trend"), but detailed analysis of how specific projects will achieve this, what compliance frameworks they will use, and how much real assets they can mobilize is scarce. This may indicate that market awareness of projects like DUSK is still in the early stages.

Of course, compliance innovation itself faces uncertainties—policy environments, regulatory attitudes, the pace of actual asset onboarding, and other variables. But based on current progress, what DUSK is doing at least provides a tangible opportunity to test an interesting hypothesis.