I’ve been thinking about something that feels pretty normal in traditional finance but gets overlooked onchain… permission. If a regulated asset is available onchain, that doesn’t automatically mean everyone should be able to interact with it. Looking into Dusk’s Citadel made me realize how much of finance actually depends on knowing who is allowed to do what.
Citadel is built around issuing and validating licenses, checking whether they’re still active, and controlling certain actions based on valid credentials. What I found interesting is that this turns authorization into something the blockchain can actually understand, instead of leaving it hidden in a database somewhere. A participant can prove they’re eligible without having to expose every detail about themselves. 🤯
Then I started thinking about how different that is from the usual crypto experience. Most of us are used to connecting a wallet and interacting with whatever contract we want, but regulated markets obviously can’t work that way. Tokenized securities need rules around who can hold them, trade them or access certain actions. Putting those permissions closer to the asset could make the whole system a lot more precise.
I still wonder how complicated these rules become once you have different assets, investors and jurisdictions involved 😂. But I like the direction Dusk is taking here. If regulated finance is going onchain, identity and authorization probably can’t stay as something happening quietly in the background. They need to be part of the infrastructure too.
@Dusk_Foundation #dusk $DUSK
Citadel is built around issuing and validating licenses, checking whether they’re still active, and controlling certain actions based on valid credentials. What I found interesting is that this turns authorization into something the blockchain can actually understand, instead of leaving it hidden in a database somewhere. A participant can prove they’re eligible without having to expose every detail about themselves. 🤯
Then I started thinking about how different that is from the usual crypto experience. Most of us are used to connecting a wallet and interacting with whatever contract we want, but regulated markets obviously can’t work that way. Tokenized securities need rules around who can hold them, trade them or access certain actions. Putting those permissions closer to the asset could make the whole system a lot more precise.
I still wonder how complicated these rules become once you have different assets, investors and jurisdictions involved 😂. But I like the direction Dusk is taking here. If regulated finance is going onchain, identity and authorization probably can’t stay as something happening quietly in the background. They need to be part of the infrastructure too.
@Dusk_Foundation #dusk $DUSK