Dusk has taken a different approach in combining compliant finance and privacy protection. This project is not about hype but genuinely addressing the practical issues encountered when traditional finance migrates on-chain.

The most straightforward example is its collaboration with the Dutch licensed exchange NPEX. This €300 million securities tokenization project is fully on-chain—from primary issuance to secondary trading and final settlement, every step is completed on the blockchain, completely cutting out the cumbersome intermediary processes of traditional finance.

What’s even more interesting is its privacy layer design. It uses the Phoenix hybrid privacy model, which completely conceals user information during transaction execution, yet regulatory authorities can still audit the necessary data. This kind of solution that balances privacy and compliance is actually a necessity in the financial sector.

With Chainlink’s CCIP cross-chain protocol integrated, these compliant assets can now seamlessly transfer across multiple blockchains. This essentially opens up new possibilities for the on-chain tokenization of real-world assets in Europe. No wonder more institutional funds are starting to turn their attention here—supported by real assets, backed by a compliant framework, and with cross-chain liquidity in place.