Dusk looked like another RWA project at first.

Then I went deeper into the architecture.

What stood out to me is that Dusk isn’t choosing between privacy and compliance. It’s trying to make them work together.

Phoenix gives shielded transactions, while Dusk’s newer stack adds EVM execution on top of DuskDS. And Zedger IS designed around private, compliant issuance and management of regulated assets.

That combination is the Interesting part.

For me, the real DUSK question isn’t “can RWAs grow?”

It’s: can regulated finance actually use a public chain without exposing verything publicly?

That’s the problem Dusk is really trying to solve.
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What matters most for institutional RWAs?