Having been involved in the blockchain space for seven years, witnessing countless stories of "getting rich overnight," and personally witnessing the demise of several once-glamorous projects. In my early years, I participated in the development of three public chain ecosystems and led two blockchain pilot projects in traditional finance. At some point, I began to question: the technological frenzy has passed, what else can blockchain leave behind in finance?

The answer only truly emerged in 2024. During my deep engagement with Dusk Network and participation in its RWA tokenization project, I suddenly realized—the true mission of blockchain is not to eliminate financial intermediaries, but to use technology to stitch together "innovation" and "compliance," two seemingly opposing concepts.

Back in 2018, I was still an idealist. My mind was full of concepts like "decentralization" and "transparent ledgers," and I was pitching our public chain's "trustless" features to institutional clients everywhere. The result? A European fund company tested our securities trading system, and after just two weeks, they withdrew. The reason was painfully clear: their trading strategies were fully transparent on-chain, making it impossible to protect business secrets. At that moment, I realized that some things cannot be infinitely transparent; genuine financial applications require privacy.

It was this "privacy + compliance" Layer 1 design philosophy that sparked my interest in Dusk Network. The project seemed to have found an answer to a problem I couldn't solve back then—how to leverage blockchain features for RWA tokenization while meeting regulatory requirements. The trillion-dollar market won't wait for us to ponder slowly; true game-changers seek this kind of balance.