@Dusk_Foundation I kept mapping a tokenized ETF onto DUSK and the ERC-20 analogy broke almost immediately.
Token count is probably the weakest metric. An ETF is not just units moving between wallets it has NAV creation/redemption settlement and eligibility rules. DUSK’s XSC design already focuses on lifecycle controls such as compliant settlement and redemption.
Take a simple model 10 million ETF tokens at a $50 NAV represent $500 million of assets. If the token trades at $50.50 that 1% premium is not automatically a crypto style price move. It may be a market structure signal.
That is why I would track AUM turnover and settlement value separately. And I would not put MMFs ETFs and bonds into one RWA adoption bucket either. Their liquidity cash-flow and redemption behavior are different.
The 24/7 question is harder. US core equity trading runs 6.5 hours, while an onchain token can keep moving after the underlying market closes.
For DUSK that creates opportunity and friction. Can price discovery stay credible when NAV is partly stale?
That is the real test for DUSK not putting ETFs onchain but keeping ownership liquidity and valuation synchronized when the clocks no longer match.
#dusk $DUSK @Dusk
Token count is probably the weakest metric. An ETF is not just units moving between wallets it has NAV creation/redemption settlement and eligibility rules. DUSK’s XSC design already focuses on lifecycle controls such as compliant settlement and redemption.
Take a simple model 10 million ETF tokens at a $50 NAV represent $500 million of assets. If the token trades at $50.50 that 1% premium is not automatically a crypto style price move. It may be a market structure signal.
That is why I would track AUM turnover and settlement value separately. And I would not put MMFs ETFs and bonds into one RWA adoption bucket either. Their liquidity cash-flow and redemption behavior are different.
The 24/7 question is harder. US core equity trading runs 6.5 hours, while an onchain token can keep moving after the underlying market closes.
For DUSK that creates opportunity and friction. Can price discovery stay credible when NAV is partly stale?
That is the real test for DUSK not putting ETFs onchain but keeping ownership liquidity and valuation synchronized when the clocks no longer match.
#dusk $DUSK @Dusk