Having followed Dusk for years, I watched this privacy public chain focused on institutional-grade compliance finally shed its experimental shell and emerge in the RWA field after the DuskEVM officially launched in Q1 2026.

What attracts me most is its relentless refinement of the underlying architecture. Many projects on the market merely stack anonymous code, but Dusk is different—Phoenix smart contracts combined with the Citadel architecture enable transactions to meet audit transparency requirements while remaining encrypted, precisely aligning with the European MiCA regulatory framework. This is not just talk; regulated exchanges like NPEX have already initiated on-chain securities tokenization trials involving hundreds of millions of euros, with real data speaking for itself.

This bottom-up approach, deriving technology from application needs, is essentially about subtraction—eliminating all unnecessary bloat to leave truly implementable solutions. Compared to those projects that only boast without substance, this demonstrates real depth.

On the other end of the market, institutional funds are gradually building infrastructure. While retail investors are still busy watching candlestick charts, large-scale capital has quietly entered the scene, permeating layer by layer along the on-chain financial ecosystem. The wave of asset digitization will not halt due to hesitation.