For regulated assets, it feels more like progress. The key is proving eligibility without exposing unnecessary personal information. 🔐
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SHELLY_X
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wallet binding is in the Dusk Trade workflow list and i almost scrolled past it 🤔
then i thought about what its actually for.
in normal defi any address can hold any token. thats the feature. its also exactly why regulated assets cant live there, becuse a security has rules about who is permited to hold it, and an address with no identity attached cant satisfy any of them.
binding a wallet to a verified investor is what makes controlled transfers possible at all. the eligibility check happens once at onboarding, then the wallet carries that status forward into every action after.
so the list reads investor onboarding, wallet binding, controlled transfers, payment coordination, compliant settlement. thats a sequence, not a menu, each one depends on the one before it.
what i keep turning over is that this is the part crypto has resisted hardest for fifteen years, and its non negotiable for the assets everyones now trying to bring onchain.
seperate point, Citadel doing selective disclosure means the binding doesnt have to expose your whole identity to everyone. proving eligibility isnt the same as publishing who you are.
does identity bound to a wallet feel like progress or like the thing we were avoiding??
#dusk @Dusk $DUSK
then i thought about what its actually for.
in normal defi any address can hold any token. thats the feature. its also exactly why regulated assets cant live there, becuse a security has rules about who is permited to hold it, and an address with no identity attached cant satisfy any of them.
binding a wallet to a verified investor is what makes controlled transfers possible at all. the eligibility check happens once at onboarding, then the wallet carries that status forward into every action after.
so the list reads investor onboarding, wallet binding, controlled transfers, payment coordination, compliant settlement. thats a sequence, not a menu, each one depends on the one before it.
what i keep turning over is that this is the part crypto has resisted hardest for fifteen years, and its non negotiable for the assets everyones now trying to bring onchain.
seperate point, Citadel doing selective disclosure means the binding doesnt have to expose your whole identity to everyone. proving eligibility isnt the same as publishing who you are.
does identity bound to a wallet feel like progress or like the thing we were avoiding??
#dusk @Dusk $DUSK