Tokenized real assets (RWA) are expected to become a trillion-dollar track, but a persistent pain point always stands in the way—how to meet strict financial regulatory requirements while protecting the commercial privacy of both parties in a transparent on-chain world?

Traditional financial assets like bonds, stocks, real estate, and private equity funds are inherently "sensitive." Once the data involved is exposed on a public blockchain, the risks cascade: market participants may target precisely, regulators may find no compliant excuse to approve, and ultimately projects can only be shelved. This is why, by 2026, despite increasingly完善 global regulatory frameworks, many RWA projects still face dilemmas due to their inability to balance these contradictions.

One project’s approach is worth noting. DuskTrade, a platform collaborating with the licensed Dutch exchange NPEX, plans to migrate over €300 million of tokenized securities onto the chain by 2026. At first glance, this is just a number, but the underlying compliance endorsement is solid—NPEX holds multiple licenses including the EU Multilateral Trading Facility (MTF) and ECSP, meaning the project has been recognized as a "formal" entity from its inception.

From a technical perspective, how is this achieved? The platform uses DuskEVM to deploy tokenized securities contracts. The real magic lies in the Hedger tool—when a transaction occurs, it automatically encrypts position amounts, counterparty information, and fund flows. Only at necessary moments—such as clearing, tax reporting, or regulatory audits—does the system decrypt relevant data selectively using permission keys. This design allows institutional investors to participate boldly without worrying about business secrets leaking to competitors, while regulators can access complete audit information when needed. It sounds like a unification of the seemingly opposing needs of "privacy" and "transparency."