Traditional assets going on the blockchain is no longer a new concept, but how to find a balance between privacy protection and regulatory compliance has always been a challenge in the RWA (Real World Asset) track. The new trading application launched by Dusk Network provides an interesting answer.

According to the plan, this platform will cooperate with the licensed Dutch exchange NPEX and is scheduled to officially go live in 2026. The initial goal is clear—migrate over €300 million of tokenized securities onto the chain and provide 24/7 global trading services. The goal sounds ambitious, but the underlying logic is quite pragmatic: on-chain trading breaks time and geographic restrictions, naturally improving liquidity, and reducing financing costs for small and medium-sized enterprises.

The real innovation lies in the combination of privacy and compliance. The platform defaults to encrypt trading data, so user identities and holdings are not visible to outsiders. But this is not simple anonymization—relevant data will only be selectively disclosed to regulators when clearing or regulatory reporting is required. This design is quite clever: it addresses institutional investors’ privacy concerns while avoiding the regulatory risks associated with excessive anonymity.

NPEX holds multiple EU licenses (MTF, Broker, ECSP), which means the platform has a solid compliance background. All operations must adhere to MiFID and ECSP regulations, not just talk. From a technical perspective, Dusk Network’s DuskEVM and Hedger technology provide the underlying support, enabling privacy protection and on-chain trading to seamlessly integrate.

What does this mean for ordinary investors? It makes it possible to participate in high-quality European bonds and stocks with low barriers, without going through traditional intermediaries, and with more transparent fees. For corporate financing parties, the pool of global investors is larger, and financing efficiency is higher. This bidirectional benefit aligns with the direction of digital upgrading in traditional finance.

Looking ahead, the platform also plans to expand into more asset classes such as real estate and carbon credits. In an environment where regulation is becoming increasingly strict, this mode of balancing privacy and compliance is indeed worth attention. The process of bringing trillions of traditional assets onto the chain, from current fragmented efforts to future scaled operations, may happen faster than expected.