In traditional markets, large transactions aren’t broadcast to the world in real time. Deals, positions, and asset movements often require discretion, not because they’re illegal, but because exposure can distort markets or create unfair advantages.
Public blockchains flipped that model, making radical transparency the norm. While that works for many crypto-native use cases, it doesn’t translate cleanly into regulated finance, where privacy and compliance must coexist.
This tension creates a structural gap: institutions can’t fully use open networks without revealing sensitive information, yet fully private systems lack the auditability regulators demand.
Dusk is exploring infrastructure that sits between those extremes — where financial instruments can exist on-chain with programmable privacy, allowing data to remain confidential by default while still being provable when required. It’s not about hiding activity; it’s about controlling visibility with rules.
