Tokenization is the conversion of real-world assets such as land, stock markets, bonds or precious metals into digital tokens. Currently, institutional investors are looking to blockchain for safe and fast transactions of their assets. Dusk is a network that is specifically designed with institutional finance in mind. It is a complete ecosystem that provides the necessary infrastructure to bring large banks and financial institutions to the blockchain.
The biggest obstacle to using blockchain at the institutional level was data security or privacy. Dusk has solved this problem with their own Zero-Knowledge Proof (ZK-Proof) technology.
The transaction amount or sender-receiver information is protected on the Dusk network, which is very important for banks. Dusk's smart contracts are designed in such a way that they automatically comply with local and international laws. As a result, institutions can transact here without any legal complications.
Dusk has built its own virtual machine that is extremely fast and cost-effective. The Citadel and Phoenix protocols they have developed give users full control over their data. This technological excellence sets Dusk apart from Ethereum or other common blockchains, as Dusk is directly known as a 'privacy-first' and 'regulation-ready' blockchain.
World-renowned institutions such as BlackRock or Goldman Sachs are now working on RWA. It is estimated that the tokenized asset market will reach several trillion dollars by 2030. Since Dusk is built in accordance with European standards and regulations, Dusk has the potential to capture a large part of the European and global market. Whenever a company wants to tokenize their real estate or stocks, Dusk will be one of their first choices.
$DUSK token is the lifeblood of the network. It is used for the following purposes:
Transaction fees : Dusk tokens are required for any transaction on the network.
Staking : Users can stake tokens to secure the network and receive rewards.
Governance : Token holders can vote to determine the future of the network.
Like any technology, Dusk has its challenges. Dusk competes with other protocols such as Ondo Finance or Polymesh. However, if Dusk’s long-term research and the next steps towards its Mainnet launch are successfully implemented, it will firmly establish itself among the top 100 crypto projects.
