How does a privacy public chain reshape financial infrastructure? From a technical architecture perspective, Dusk positions itself as a "financial-grade privacy dedicated lane"—building a privacy protection channel specifically for institutional investors on top of the high-speed public chain.

On the business level, it mainly targets three directions. First is securities tokenization (STO) and physical asset on-chain (RWA), where enterprises can complete token issuance, automatic dividends, and voting governance through privacy contracts, with shareholder information strictly confidential while being subject to audit supervision. This means that the financing function of traditional IPOs is moved on-chain, avoiding cumbersome compliance hurdles. Second is building DeFi infrastructure for institutions—lending, AMM, and other financial primitives—operating under institutional-grade security standards. Third is the full-process digitization of equity bonds, from issuance to settlement, flowing entirely on-chain.

What is the appeal for retail investors? Simply put, high-quality assets that only large institutions could access before are now available for ordinary investors to participate in. The transparency and efficiency of the entire ecosystem represent a qualitative leap compared to traditional financial systems.