Recently, the market is bustling, but I've noticed that some smart money is heading in a slightly different direction. They are not chasing the shiniest concepts but are quietly observing an old project called Dusk. Speaking of which, Dusk has been working hard in Amsterdam, Netherlands since 2018, when not many people were paying attention.
What it's aiming for is quite challenging: to make traditional large capital in finance willing and able to safely go on-chain. Everyone knows that institutions are not afraid of blockchain, but they are afraid of too much transparency on-chain, where business secrets and trading strategies are laid bare. At the same time, they must pass regulatory scrutiny.
Dusk has provided a clever answer: auditable privacy. Their Hedger protocol can encrypt all key details of transactions, making it invisible to outsiders. However, regulators can generate a complete audit report using keys when necessary. This protects commercial privacy while fully complying with regulations like the EU's MiCA.
This is a solution tailored for institutions. You can see its actions: deeply binding with the Dutch licensed exchange NPEX to tokenize real bonds and equity worth hundreds of millions of euros on-chain. This is not an experiment, but a real productivity tool.
Speaking of trading, their upcoming DuskTrade platform is worth paying attention to. Imagine conducting securities trading on-chain, where your identity and position information are protected by zero-knowledge proof technology, yet settlements are fast and cheap. This is hugely attractive to hedge funds and asset management companies seeking advantages.
Performance is also a hard metric. After optimization, the performance of Dusk's zero-knowledge proof scheme has improved tenfold, with transaction settlements being finalized within two to three seconds. This speed may not be sufficient for high-frequency trading, but it is already very reliable for the circulation of large assets.
More considerately, they have launched a DuskEVM compatible with Solidity. This means existing developers can migrate applications almost at no cost, quickly building compliant financial products. The threshold for ecological expansion has been significantly lowered.
I am very optimistic about Dusk. In a noisy market, it is building a bridge connecting the old financial world with the new crypto world in a clumsy yet solid manner. It does not pursue short-term user explosions but is constructing a trustworthy financial infrastructure. As more institutions awaken, the value of such infrastructure will be crystal clear.
