I’m looking at Dusk as infrastructure for markets that need both confidentiality and accountability. The tension is familiar: traders and issuers don’t want every position and counterparty exposed, but regulators and auditors still need a way to verify rules were followed. Dusk uses zero-knowledge proofs so balances and transfers can stay confidential while it can validate them safely. When oversight is required, the idea is selective disclosure—show only what the right party needs to see.
They’re also building compliance into the stack. Identity and permissioning components let applications check who can hold or move an asset, enforce transfer restrictions, and apply asset-specific rules that matter for tokenized securities and RWAs. The chain is modular: a settlement layer focuses on consensus, data availability, and finality, while an EVM-compatible environment supports smart contracts for app development. DUSK is used for staking and for paying network fees.
In practice, an issuer can mint a regulated asset, a venue can run compliant trading, and settlement can happen on-chain without turning the whole system into a public dashboard. Long term, they’re aiming for end-to-end rails—issuance, trading, and settlement—with privacy by default and audits when necessary. I’m watching if they’re balancing usability with compliance over time.