Most RWA talk focuses on giants. But Dusk’s own writing makes a strong point: SMEs are the backbone of the economy, especially in Europe.
Dusk notes that SMEs are over 99% of EU businesses, employ over 83 million people, and generate over half of Europe’s GDP. Yet these companies often struggle with capital markets: fundraising is slow and costly, managing shareholders is paperwork-heavy, and secondary liquidity is limited.
Dusk’s argument is that tokenization and native issuance can change that by turning shares or debt into regulated digital securities with:
• transferability between verified investors
• automated compliance (KYC/AML/transfer rules)
• programmable dividends and voting
• real-time ownership tracking
• lower issuance/management costs
This is a practical narrative because it ties blockchain to a real pain point: private markets are inefficient.
And it connects back to Dusk’s core: Dusk states privacy and compliance can coexist, and that confidentiality is necessary for compliance in many cases (you prove you meet rules without exposing sensitive business data).
A simple example: if a private company issues shares, it may not want its cap table and investor actions public on a block explorer. But it still needs legal compliance and clean records. That’s the kind of “real world” fit Dusk is aiming for.
