#dusk $DUSK @Dusk I'll be honest, I didn't know what a DLT-TSS license was until I started looking into Dusk NPEX thing. And now I can't stop thinking about it.
So basically, in traditional finance, trading and settlement are separate. A platform matches your trade. A central securities depository settles it. Two different entities. Two different systems. Lots of coordination.
A DLT-TSS license lets you merge both into one. Trading AND settlement on the same blockchain, at the same time. Atomic, real-time. No waiting days for settlement. No intermediary shuffling records around.
21X already got this license. First in Europe. And they're planning to integrate DuskEVM as one of their supported chains.
That's the part that got me. A fully licensed European trading venue, on a public permissionless blockchain, settling trades in real time. Not on a private chain. Not on a walled garden. On public infrastructure.
I'm still trying to wrap my head around what that actually unlocks. If settlement is atomic and onchain, do we still need clearinghouses? Do we still need all the middle layers that exist just to make sure trades settle properly?
I don't know the answer. But the fact that a licensed entity is building on public rails instead of a private network... that feels like a bigger deal than most people realize.
Does instant onchain settlement actually replace the old infrastructure, or just move it?
So basically, in traditional finance, trading and settlement are separate. A platform matches your trade. A central securities depository settles it. Two different entities. Two different systems. Lots of coordination.
A DLT-TSS license lets you merge both into one. Trading AND settlement on the same blockchain, at the same time. Atomic, real-time. No waiting days for settlement. No intermediary shuffling records around.
21X already got this license. First in Europe. And they're planning to integrate DuskEVM as one of their supported chains.
That's the part that got me. A fully licensed European trading venue, on a public permissionless blockchain, settling trades in real time. Not on a private chain. Not on a walled garden. On public infrastructure.
I'm still trying to wrap my head around what that actually unlocks. If settlement is atomic and onchain, do we still need clearinghouses? Do we still need all the middle layers that exist just to make sure trades settle properly?
I don't know the answer. But the fact that a licensed entity is building on public rails instead of a private network... that feels like a bigger deal than most people realize.
Does instant onchain settlement actually replace the old infrastructure, or just move it?