The market may underestimate DUSK by treating it as a privacy project. I see a deeper role: coordination layer for regulated assets. Dusk combines public accounts, shielded transfers and selective disclosure with deterministic settlement. Workflows are not just “issue and transfer”; eligibility, access, reporting, payment and settlement must connect. Dusk supports execution environments while keeping settlement as the core. The hidden layer is coordination: when compliance, privacy and settlement sit closer to the asset workflow, fewer processes need stitching off-chain. That could make regulated markets more programmable without making every transaction public. For DUSK, the key question is whether workflows use this infrastructure. The strongest signal is use at scale.

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