Imagine tomorrow a licensed financial institution is moving its securities business onto the blockchain. How would they choose? Head straight to a popular EVM chain, or turn to a privacy public chain? The answer might surprise you.

Actually, there's just one logic: **no naked deployment**.

Do you know what the biggest pitfall of public chains is? It's not TPS limitations or high Gas fees. It's a reality—transparency in finance is like a double-edged sword.

Revealing transaction details, counterparty information, and position changes all on-chain for the world to see sounds like decentralization, but for institutions dealing with compliant assets, it's equivalent to live broadcasting business secrets worldwide. Think about it—why would a large asset management firm want to make large position changes, counterparty info, and holdings public? Mainstream institutions don't lack understanding of blockchain benefits; they simply dare not handle compliant assets in a "naked" environment.

This is where the value of privacy public chains comes into play.

For example, Dusk's core logic has been honest from the start: privacy is a hard requirement for financial transactions. Its solution is clever—**transaction content remains private by default, but rule verification stays on-chain**.

How is this achieved? Protecting privacy externally by not revealing counterparty and position details; internally, satisfying compliance by being able to prove to regulators that "every transaction complies with the rules." In plain terms, enabling institutions that need it to truly dare to use.

Now, the question is, how will this direction look in 2026?

Don't pay attention to community hype or KOL endorsements—they are useless for the privacy finance track. What matters are tangible progress:

**First, asset issuance process**—Has Dusk built a clear pathway for RWA or securitized asset onboarding? Can it truly enable institutions to issue compliant assets conveniently?

**Second, product milestones**—How well are the key nodes on the official roadmap completed? Especially network upgrades and compliance framework integrations, all backed by data.

**Third, developer feedback**—Check GitHub and real reviews from developers on the DuskEVM toolchain. Those who have written code know best whether it's user-friendly or not.

Ultimately, privacy public chains are not about letting everyone see every transaction, but about building a secure vault for institutions managing massive assets—allowing them to embrace decentralized technology without sacrificing business privacy and institutional dignity. This is the true game rule for RWA on-chain.