I used to think the hard part of bringing RWAs onchain was creating the token.

Then, while looking into Dusk Trade, I noticed the word “neobroker.” That changed the question I was asking.

A tokenized bond can exist onchain, but that doesn’t automatically create a functioning financial market.

Who can actually trade it? Who owns it? Where does settlement happen? And how do those processes fit within a regulated market?

That’s when the Dusk Trade model started making more sense to me.

It’s being built on DuskEVM for tokenized assets like MMFs, ETFs and bonds, but Dusk describes it as a neobroker intended to operate as a regulated MTF and investment platform under applicable EU regulations.

I hadn’t really thought about tokenization this way before. The token is only one part of the journey. Ownership, trading and settlement still have to work around it.

Maybe tokenization is only the first step.

The question I keep coming back to is whether the bigger opportunity is not simply putting financial assets onchain, but making the market around those assets work there too.

I’m still watching to see how this works in practice.

For RWAs, what matters more: tokenization itself, or what happens after issuance?

@Dusk $DUSK #dusk