$DUSK #dusk @Dusk At first I assumed the whole RWA thing was just “put the security in a token and you’re done.” Spent some time on Dusk and that started to feel lazy. Tokenizing is easy. Leaving every holding, transfer, and counterparty sitting on a public chain is the part institutions will not swallow.

What I keep coming back to is they are not treating privacy and compliance like two opposite goals. Phoenix hides the note. The network still checks the move with zero-knowledge proofs. Then selective disclosure lets an auditor or an issuer open one slice of it without dumping the whole book. That is closer to how regulated markets already work than the usual transparent-ledger setup. Deterministic settlement matters here too. If a trade can still wobble, it is not settled.

The open question for me is whether that disclosure path holds up once real issuers and real compliance teams are in it, not just docs. If it does, how much of the old post-trade mess is actually required?
$BTR $TAC