Real-world assets are moving from concept to reality on the blockchain. As institutional investors' understanding of blockchain deepens, how to protect privacy while meeting regulatory requirements has become a core issue facing the industry.

One project idea worth noting: a certain blockchain network is collaborating with the Dutch licensed exchange NPEX to launch an on-chain trading platform planned for 2026, aiming to transfer over €300 million of traditional securities (stocks, bonds, etc.) onto the chain. It sounds ambitious, but the key is how to do it—ensuring transaction privacy while allowing regulators to audit, which is a technical challenge.

Their solution is to use zero-knowledge proofs to handle sensitive information. Simply put, trading counterparts cannot see transaction details, but regulators can verify that everything complies with the rules. This mechanism is very attractive to traditional financial institutions—it allows participation in on-chain trading for efficiency gains without worrying about compliance risks.

From a technical perspective, the underlying design is modular: Layer 1 handles privacy settlement, and the upper virtual machine supports developers in quickly deploying applications, making the entire ecosystem more flexible. During transactions, both primary issuance and secondary market liquidity are supported, truly creating a complete on-chain securities ecosystem.

Compared to other RWA projects, this solution's competitiveness lies in full licensing coverage—multi-function platforms (MTF), brokers, and ECSPs are all included. This means traditional institutions like banks and funds can participate directly without additional system modifications.

What are the most practical benefits? Investors can achieve true global asset allocation, and because of the high efficiency of on-chain settlement, transaction costs decrease and liquidity improves. This is not just simple digitization but a substantive integration of traditional finance and blockchain. Going live in 2026, it could become a significant milestone for the expansion of the RWA market.