Institutional capital does not move on narratives; it moves on structure. Pension fund tokenization will not accelerate because it sounds innovative, but because it removes friction from systems that already exist. This is where Dusk becomes relevant. Its design reflects how long-term allocators think about privacy, compliance, and operational continuity. Transparency is required at the framework level, while confidentiality must remain intact at the participant level. Most public systems struggle with that balance. Dusk treats it as a baseline requirement rather than an added feature. When tokenization stops being debated and starts being compared against legacy inefficiencies, infrastructure built with institutional discipline tends to surface quietly, without needing attention to justify its role.
