I have been looking at Dusk's RWA stack from the settlement side & I think I was focusing too much on the asset itself.
A tokenized bond is only 1 side of a transaction.
The other side is the money.
& this is where EURQ becomes interesting.
Imagine an investor buying a tokenized security.
You need two things to move together:
the security
the payment.
If the asset settles onchain but the payment still has to move through a completely separate system you are still coordinating two financial rails.
That is why I find the Dusk + EURQ direction more interesting than another stablecoin on a blockchain announcement.
EURQ is an Electronic Money Token designed for euro-denominated payments & is issued by Quantoz Payments under the EU regulatory framework.
The bigger idea is that a regulated digital euro can provide the payment leg alongside tokenized financial assets.
So the workflow starts looking like:
eligible investor → regulated asset → EURQ payment → onchain settlement.
And this is where I think the real RWA infrastructure story begins.
Because the goal isn0t simply to make securities digital.
Its to make the transaction around those securities more programmable.
Buy the asset.
Transfer the payment.
Settle both sides.
Record ownership.
Apply the relevant rules.
All within infrastructure designed for regulated markets.
That is a much harder problem than minting an asset token.
& there is one question I still want to see answered in practice:
Can regulated digital money & regulated tokenized securities eventually settle atomically enough that the traditional separation between the asset leg & cash leg becomes much less important?
If that happens the efficiency gain could be much bigger than simply putting securities onchain.
That is the part of Dusk's RWA stack I am watching now.
Do you think combining tokenized assets with regulated digital currencies like EURQ is the real key to scaling RWA adoption?
#dusk $DUSK @Dusk
A tokenized bond is only 1 side of a transaction.
The other side is the money.
& this is where EURQ becomes interesting.
Imagine an investor buying a tokenized security.
You need two things to move together:
the security
the payment.
If the asset settles onchain but the payment still has to move through a completely separate system you are still coordinating two financial rails.
That is why I find the Dusk + EURQ direction more interesting than another stablecoin on a blockchain announcement.
EURQ is an Electronic Money Token designed for euro-denominated payments & is issued by Quantoz Payments under the EU regulatory framework.
The bigger idea is that a regulated digital euro can provide the payment leg alongside tokenized financial assets.
So the workflow starts looking like:
eligible investor → regulated asset → EURQ payment → onchain settlement.
And this is where I think the real RWA infrastructure story begins.
Because the goal isn0t simply to make securities digital.
Its to make the transaction around those securities more programmable.
Buy the asset.
Transfer the payment.
Settle both sides.
Record ownership.
Apply the relevant rules.
All within infrastructure designed for regulated markets.
That is a much harder problem than minting an asset token.
& there is one question I still want to see answered in practice:
Can regulated digital money & regulated tokenized securities eventually settle atomically enough that the traditional separation between the asset leg & cash leg becomes much less important?
If that happens the efficiency gain could be much bigger than simply putting securities onchain.
That is the part of Dusk's RWA stack I am watching now.
Do you think combining tokenized assets with regulated digital currencies like EURQ is the real key to scaling RWA adoption?
#dusk $DUSK @Dusk