lNPEX's existing scale versus its on chain ambition are worth comparing directly not treating as the same claim.
What NPEX already has per the documentation: over €200 million in financing facilitated for 100+ SMEs a network of 17500+ active investors AFM regulated status already in place. Real existing operating infrastructure.
What the Dusk partnership is reaching toward: moving that regulated activity listed equities bonds the full trading and settlement lifecycle onto the blockchain compliantly.
What doesn't change either way: NPEX's regulatory status and existing investor bb base exist independently of whether the on chain migration succeeds at any particular pace.
My own read: the existing numbers are the foundation the ambition is built on top of not proof the ambition itself is already achieved. Worth tracking both separately.

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