As cryptocurrency regulation becomes increasingly standardized, the RWA (Real-World Asset Tokenization) track is entering a period of explosive growth. In this wave, some early-stage public chains that have laid out compliant financial infrastructure are beginning to stand out.

Taking Dusk, a project established in 2018, as an example, its modular architecture addresses a long-standing contradiction faced by traditional blockchains—how to meet regulatory requirements while protecting privacy. This issue has troubled the industry for years, and Dusk's solution is to embed compliance into the system design.

In recent months, there have been frequent activities within the ecosystem. The most noteworthy is the launch of DuskTrade—this is the first RWA application in the ecosystem, in cooperation with the Dutch licensed exchange NPEX. NPEX holds multiple EU licenses (MTF, broker, ECSP, etc.), and the platform already has over €300 million in tokenized securities, covering bonds, funds, private equity, and other asset classes.

The significance of this partnership lies in breaking the old problems of poor liquidity and high participation barriers in traditional securities markets, while also granting on-chain assets genuine regulatory recognition. Looking at the entire crypto market, truly compliant RWA projects that have been implemented are still quite rare. Those capable of directly supporting hundreds of billions in assets on-chain are even fewer. From this perspective, early movers in this space indeed hold many opportunities. Currently, the project’s waiting list opened in January, and interested parties can take a look.