#dusk $DUSK
Something i never really questioned until this week when i buy something on a normal exchange do i actually own it, or do i just own a number in their database.
Turns out for most centralised platforms its the second one. The exchange holds the asset, you hold a claim on it an IOU basically. Usually fine, until the platform has a problem and suddenly everyone finds out what custodial really meant.
What made me look was Dusk Trade, because its whole pitch leans on the opposite word real ownership. The idea is that a tokenized security is actually held by you onChain not sitting with the venue as a balance you are promised.
So the comparison isnt which app has better fees Its when you hit buy, does the asset become yours or do you just get an entry that says it is.
For a meme coin, honestly, who cares. For a regulated bond or fund, that difference is the entire point. Ownership that survives the platform going down is a different product from a balance that doesnt.
I do want to be fair, Dusk Trade is still at waitlist stage, so this is the described model, not something i've used. And "on-chain ownership" still has to answer the messy legal question of whether the law recognises that on-chain record as real ownership.
Genuine question for people who trade tokenized assets already, do you actually check whether you hold the asset or just a claim on it? Or is that something nobody looks at until something breaks? @Dusk _Foundation
#dusk $ACE $VELVET
Something i never really questioned until this week when i buy something on a normal exchange do i actually own it, or do i just own a number in their database.
Turns out for most centralised platforms its the second one. The exchange holds the asset, you hold a claim on it an IOU basically. Usually fine, until the platform has a problem and suddenly everyone finds out what custodial really meant.
What made me look was Dusk Trade, because its whole pitch leans on the opposite word real ownership. The idea is that a tokenized security is actually held by you onChain not sitting with the venue as a balance you are promised.
So the comparison isnt which app has better fees Its when you hit buy, does the asset become yours or do you just get an entry that says it is.
For a meme coin, honestly, who cares. For a regulated bond or fund, that difference is the entire point. Ownership that survives the platform going down is a different product from a balance that doesnt.
I do want to be fair, Dusk Trade is still at waitlist stage, so this is the described model, not something i've used. And "on-chain ownership" still has to answer the messy legal question of whether the law recognises that on-chain record as real ownership.
Genuine question for people who trade tokenized assets already, do you actually check whether you hold the asset or just a claim on it? Or is that something nobody looks at until something breaks? @Dusk _Foundation
#dusk $ACE $VELVET
