Privacy leaks have become the norm, and regulatory oversight is tightening at every level. But is it possible to protect privacy while satisfying regulatory requirements? Dusk provides an answer — this is not just theoretical speculation, but real product implementation.



Founded in 2018, Dusk positions itself as a Layer 1 chain with a very unique core focus: privacy-first compliant finance. Simply put, it uses blockchain to bring traditional securities, stocks, bonds, ETFs, and other real-world assets (RWA) onto the chain, rather than just slapping a shell on them.

How does the tech stack work? The Hedger engine is key — it combines homomorphic encryption and zero-knowledge proofs (ZKP), enabling the DuskEVM layer, compatible with EVM, to support confidential transactions. Your asset transfers remain private and untraceable, yet each transaction can be audited at any time, making market manipulation virtually impossible to hide. The underlying DuskDS layer uses Succinct Attestation consensus to guarantee instant finality, and the P2P network Kadcast reduces bandwidth usage by 50% — what does this mean? It means this is not just a patchwork of cutting-edge tech, but a system truly designed for institutional users.

Dusk has also invested heavily in ecosystem development. Its partnership with the Dutch NPEX exchange is not just simple integration but embedding regulatory licenses directly at the protocol level — NPEX comes with MTF, Broker, and ECSP licenses, helping Dusk bypass many administrative cycles. The DuskTrade platform, scheduled to launch in 2026, plans to tokenize over 300 million euros worth of securities in phases, making it Europe’s first fully on-chain compliant marketplace. Chainlink provides cross-chain data security, while 21X and Quantoz handle stablecoins and asset custody. The platform already hosts Pieswap DEX and Sozu liquid staking, with a TVL exceeding $20 million and an APR close to 30%.

The design of the DUSK token is also noteworthy. With a total supply cap of 1 billion, an initial release of 500 million, and a gradual emission over the next 36 years, inflation is strictly controlled. Currently, about 500 million tokens are in circulation, priced around $0.051, with a market cap of $25 million, tradable on multiple exchanges. The token’s uses include paying for gas, staking, and deploying dApps.

Even more ambitious is Dusk’s long-term plan: by 2026, it aims to launch Dusk Pay, a payment network, and Hyperstaking mechanisms, continuing to introduce RWA products like ETFs. From technological breakthroughs to ecosystem expansion and global outreach — this privacy financial revolution is radiating from Europe outward. Dusk is not a follower but is truly defining a new track.
DUSK35,52%
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ContractBugHuntervip
· 01-11 15:45
0.051 USD. If this price can really be realized and the 300 million euros worth of securities go on-chain... I think it's a gamble. The combination of homomorphic encryption and ZKP isn't new; the key is whether the NPEX license can truly withstand regulatory scrutiny. Does Europe really want to play with compliant RWA? We'll have to wait and see.
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YieldChaservip
· 01-10 10:37
Privacy compliance sounds great, but can it really be implemented? The key depends on whether NPEX is reliable...
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GameFiCriticvip
· 01-09 12:50
Alright, I need to seriously analyze this project's economic model and sustainable growth potential... First, the token deflationary design is decent; the gradual 36-year emission indeed doesn't resemble those projects that dump everything in one year to cut leeks, but a market cap of 25 million is too small. If it really wants to support liquidity for 300 million euros of RWA, I'm a bit worried. The tech stack with the combination of homomorphic encryption and ZKP is quite sophisticated, but the question is whether institutional users' retention rate can improve—privacy and auditability sound good, but will the actual interaction costs kill the user experience? That's the real killer. The license support from NPEX is a key leverage, bypassing regulatory cycles is a clever move, but what if the European sentiment suddenly shifts? The policy risk in the RWA area definitely exists.
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LightningSentryvip
· 01-08 16:51
Is it just traditional finance wearing a disguise again? Let's see how 2026 turns out.
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StablecoinEnjoyervip
· 01-08 16:38
Privacy + compliance, this combination has been talked about for so many years, and finally someone has really made it happen. Not easy.
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GamefiHarvestervip
· 01-08 16:38
Homomorphic encryption combined with ZKP is indeed an innovative approach, but the key still depends on whether DuskTrade can truly be implemented by 2026... I'm a bit tired of the RWA narrative in Europe this round.
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NotFinancialAdvicevip
· 01-08 16:36
Privacy + Compliance combo, to be honest, I was a bit skeptical at first... but Dusk's tech stack really has some substance, especially the Hedger engine. Zero-knowledge proofs combined with homomorphic encryption feel like they're not just for show. Landing 300 million euros on-chain in 2026 would truly shake up Europe's RWA sector. But currently, the market cap is only 25 million, so it depends on whether the ecosystem can support growth later on. An APR close to 30% sounds attractive but also a bit scary. There's usually a story behind such high interest rates... However, since Chainlink and Quantoz are involved, at least the risk control part shouldn't be too outrageous. The key still depends on how much real assets DuskTrade can deliver this year. Relying solely on Pieswap and Sozu's TVL won't cut it. European regulations are no paper tiger either; truly compliant approval is the way to go.
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0xOverleveragedvip
· 01-08 16:35
Wow, can privacy and compliance really be achieved at the same time? If this can be implemented, I’d have to eat my shoes... Wait, are they really doing it?
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