There is a type of Layer-1 public chain doing something interesting——not pursuing TPS race, but instead focusing on compliant on-chain transfer of real-world assets. This project adopts the Zedger framework, allowing traditional financial assets like securities and funds to be directly tokenized, while using zero-knowledge proof technology to protect the business-sensitive information of involved parties. It sounds like bridging the gap between public chains and traditional finance.

From the perspective of ecosystem development, after the mainnet launch in early 2025, things are accelerating. Their Layer-2 network solution Lightspeed L2 is working on EVM compatibility, which means DeFi applications in the Ethereum ecosystem could potentially migrate directly, with privacy features included. From a certain perspective, this is like giving existing DeFi a protective membrane.

The ecosystem token DUSK plays roles in staking, fee settlement, and governance voting within this system. Its token model is designed for a 36-year linear release, which helps mitigate inflation expectations over the long term.

Institutional funds are already observing this track, but information has not yet been widely circulated. For participants interested in the integration of RWA and privacy technology, this might be worth a deeper look.