What does on-chain securities trading in the real world actually look like? A project is providing the answer.

This year, a major application is about to go live, with in-depth cooperation with a licensed Dutch exchange, NPEX, planning to transfer over 300 million euros worth of tokenized securities onto the blockchain. This is not just showcasing technical prowess but a real-world example of the genuine integration of traditional finance and blockchain.

NPEX holds multiple EU financial licenses—including MTF, Broker, ECSP, etc.—effectively branding the entire solution as compliant. Investors can complete the entire process on-chain: securities issuance, trade matching, settlement, and dividend distribution, with each step adhering to regulatory frameworks. Meanwhile, users’ sensitive holdings data and trading strategies remain private from external parties, embodying true financial privacy.

What core technologies support this? Zero-knowledge proofs combined with homomorphic encryption. Through this combination, the system achieves a balance of "compliant privacy"—protecting user data security while allowing regulators to audit and trace.

Recently launched, the EVM-compatible layer also helps developers quickly build similar RWA applications, providing fertile ground for ecosystem growth. This project has been deeply focused on privacy issues in regulated scenarios since 2018, with a layered architecture: the consensus layer ensures security, while the application layer remains open, following a modular approach that is very clear.

Tokens circulate in multiple ways within the network: paying gas fees, staking for mining, participating in governance voting. As the scale of assets on-chain expands and institutional funds flow in, the value backing of tokens will become increasingly solid.

For trackers in the RWA space, this path is worth following—dual guarantees of privacy and compliance are indeed a long-term story.