RWA these years have been quite loud, but projects that truly make traditional financial institutions open their wallets are few and far between. Everyone thinks the problem lies in technology, but in fact, the institution's risk management manual has long been clear—priority one is compliance, followed by privacy protection, and finally performance metrics. It's like you go to a bank to rent a safe deposit box; the clerk tells you "our boxes are very secure," but doesn't mention "everyone can come and see what's inside"—the reason institutions are hesitant to go on-chain is right here.

However, recently an interesting exception has been found. A certain Layer 1 project rooted in Amsterdam since 2018 has recently made impressive moves. They didn't pursue TPS number games; instead, they focused on more practical matters: directly embedding the EU MiCA regulatory framework and the Dutch Financial Supervisory Authority's requirements into the underlying protocol of the chain. This is akin to building a house with property rights on the blockchain, rather than a temporary tent.

Their upcoming mainnet plan introduces the concept of "auditable privacy." Transaction details are kept confidential externally but fully transparent to regulators and auditors. Behind this is their self-developed Hedger technology stack, which achieves selective information disclosure under the EVM framework. To give an analogy: your company's financial details can be seen by the tax department but not by competitors—that's exactly the kind of balance institutions desire.

Additionally, they have launched a virtual machine solution, claiming to be the first ZK-friendly EVM-compatible environment. Developers can write contracts in Solidity and automatically generate zero-knowledge proofs, which indeed solves the contradiction between privacy and verifiability from a technical perspective.