THE TOKEN MAY BE FUNGIBLE. THE PERSON HOLDING IT ISN’T.
I keep getting stuck on one thing with regulated assets on-chain.
Two people can hold the same security.
But they may not have the same rights.
Dusk's regulated-asset design brings eligibility, identity credentials, wallet binding and transfer checks into the workflow. So holding the token isn't always enough. The person receiving it may also need to meet the asset's rules.
And this makes me question how we talk about liquidity.
Usually, I ask:
“How much money is available?”
But maybe that's only half the story.
What if the better question is:
“How many people are actually allowed to receive this asset?”
There could be plenty of capital waiting on the sidelines. Yet the real buyer pool could still be small.
Citadel adds another layer. Participants can prove things like residency, age bracket or accreditation through selective disclosure. They don't necessarily need to expose everything about themselves.
That's where this gets interesting for me.
Maybe the next liquidity problem in tokenized finance isn't finding enough buyers.
It's finding enough buyers who are actually allowed to become owners.
@Dusk_Foundation #dusk $DUSK
I keep getting stuck on one thing with regulated assets on-chain.
Two people can hold the same security.
But they may not have the same rights.
Dusk's regulated-asset design brings eligibility, identity credentials, wallet binding and transfer checks into the workflow. So holding the token isn't always enough. The person receiving it may also need to meet the asset's rules.
And this makes me question how we talk about liquidity.
Usually, I ask:
“How much money is available?”
But maybe that's only half the story.
What if the better question is:
“How many people are actually allowed to receive this asset?”
There could be plenty of capital waiting on the sidelines. Yet the real buyer pool could still be small.
Citadel adds another layer. Participants can prove things like residency, age bracket or accreditation through selective disclosure. They don't necessarily need to expose everything about themselves.
That's where this gets interesting for me.
Maybe the next liquidity problem in tokenized finance isn't finding enough buyers.
It's finding enough buyers who are actually allowed to become owners.
@Dusk_Foundation #dusk $DUSK