I found Dusk on the RWA track to be taking a particularly pragmatic approach: it's not just about selling privacy, but using ZK to create "auditable confidential contracts"—transaction details are invisible to counterparties, yet regulators can check the accounts at any time, precisely hitting the points that institutions care about the most.
The collaboration with NPEX, this licensed Dutch exchange, is not just a slogan; they are genuinely pushing for the on-chain issuance and settlement of regulated securities, which can be verified against news and the official website, and the scale is much more reliable than many RWA projects.
During the incident with the bridge, the mainnet remained stable, and they directly paused the bridge for reinforcement, handling it very much in the style of traditional financial infrastructure.
The market cap of $DUSK is only a few tens of millions of dollars, with a price around 0.14, and liquidity is decent, but this thing is clearly not aimed at short-term trends; instead, it’s waiting for the day when compliant assets are truly on-chain at scale.
I am now putting it on my key observation list: strong technology, real collaboration, slow pace, but if the direction is right, it might just be the standard track for institutional-grade RWA.