When it comes to Dusk, most people's first reaction is privacy features. But looking at it from only this perspective is too one-sided.

This project is essentially a modular public chain designed for financial institutions. It has completed compliance arrangements under the EU regulatory framework and has become a practitioner in the asset tokenization track. More importantly, it uses cryptographic technology to solve the trust issues associated with on-chain traditional finance—this is its true competitive advantage.

How strong is the demand for compliance among institutional investors? Just look at how many projects get stuck at this hurdle. Dusk has already opened this door, and collaborations with traditional financial institutions are gradually progressing.

In the long run, for blockchain to truly enter the financial sector, compliance cannot be bypassed. What Dusk is doing now may very well indicate the future development direction of the entire industry—shifting from technology-driven to scenario-driven, from a single decentralized line to multi-dimensional compliance.