#dusk $DUSK @Dusk At first I thought putting a regulated asset on Dusk basically means packaging it as a token with some rules attached and rest sorts itself out on-chain, but looking closer at how Dusk sequence investor onboarding, that idea didn't really hold up, cause wallets have to be bound to verified participants before asset even get issued, meaning eligibility check sits at identity layer not inside the token logic itself, so token contract can carry transfer restrictions, but it can only apply them on wallets already recognized inside the system, which means someone unverified isn't rejected at the moment they try to buy, they simply never enter the addressable buyer pool to begin with, and what I keep coming back to is what this does to how you read liquidity on @Dusk , cause on typical token order book depth is rough proxy for total interest since anyone can hold the asset, but here visible market only reflects whoever already cleared onboarding, so thin liquidity doesn't necessarily mean weak demand, it might just mean eligible pool hasn't caught up to actual interest yet, which leaves me wondering if slow liquidity growth on a Dusk regulated asset is really a demand problem, or just a verification bottleneck that hasn't been solved yet, and if onboarding speed is really the hidden constraint here, what happens to asset's price discovery the day eligible pool suddenly doubles?

@Dusk_Foundation #dusk $DUSK #DuskToTheMoon