Last year, the blockchain community discussed many concepts around RWA, but few practical solutions have been successfully implemented. Currently, there is a project worth paying attention to—the DuskTrade platform, which is set to launch in 2026.

First, some background. DuskTrade is developed in partnership with the Dutch licensed exchange NPEX, which holds EU regulatory licenses such as MTF, Broker, and ECSP. In other words, this is not just a technical experiment by a team, but a legitimate licensed financial infrastructure. Once launched, it will bring over €300 million of traditional securities onto the blockchain—including bonds, stocks, and fund shares.

The technical details are also interesting. Based on Dusk’s underlying protocol, all tokenized securities transactions come with built-in privacy protection, hiding sensitive transaction data from external view; at the same time, regulators can audit on-chain records at any time to ensure compliance with regulations like MiFID II. This way, institutional investors don’t have to worry about data leaks, and they can also enjoy the 24/7 liquidity and low-cost settlement that blockchain provides.

The key point is—this is a true mapping of real existing assets, not synthetic tokens. Traditional financial assets are directly traded on-chain, which enhances liquidity and opens new financing channels for small and medium-sized enterprises.

Currently, giants like BlackRock and JPMorgan are also entering the RWA space. DuskTrade’s regulatory support and technological advantages indeed make it competitive. It demonstrates an interesting direction: blockchain doesn’t necessarily have to disrupt traditional finance; instead, deeper integration and mutual empowerment offer greater potential.