#dusk $DUSK @Dusk
found a piece of the dusk stack this week that hadnt come up yet in anything ive covered so far - custody, specifically how NPEX actually holds and controls the digital assets involved, rather then just how trading or issuance works.
the answer is a combination of two things - Dusk Vault, described as dusk's institution grade custody solution, and Cordial Treasury, a self hosted wallet technology built by Cordial Systems that dusk partnered with specifically for this.
whats notable is why self hosted mattered so much here specifically. NPEX, being a regulated financial institution, prioritizes maintaining direct control over its own technology stack, and explicitly wants to avoid the risks that come with third party SaaS custody solutions. thats a real institutional constraint, not a preference - handing custody infrastructure over to some external saas provider introduces a dependency and risk surface a regulated exchange generally doesnt want.
cordial treasury solves that by being self hosted and on premises, meaning NPEX runs it themselves rather then relying on someone else's hosted service. cordial specifically is described as capable of adding support for new networks within weeks, which is what made a smooth integration with dusk's L1 possible on a reasonable timeline.
worth noting cordial isnt some unproven vendor either - theyve worked with figure markets and figure.com, which has facilitated the origination of over $20 billion in private credit on chain. thats a meaningful existing track record to be bringing into a regulated exchange integration.
and NPEX here isnt just a client using this custody setup, its also positioned as validating it - using dusk vault themselves is presented as proof of the infrastructure's reliability and security for other institutions considering the same setup.
#dusk @Dusk $DUSK
found a piece of the dusk stack this week that hadnt come up yet in anything ive covered so far - custody, specifically how NPEX actually holds and controls the digital assets involved, rather then just how trading or issuance works.
the answer is a combination of two things - Dusk Vault, described as dusk's institution grade custody solution, and Cordial Treasury, a self hosted wallet technology built by Cordial Systems that dusk partnered with specifically for this.
whats notable is why self hosted mattered so much here specifically. NPEX, being a regulated financial institution, prioritizes maintaining direct control over its own technology stack, and explicitly wants to avoid the risks that come with third party SaaS custody solutions. thats a real institutional constraint, not a preference - handing custody infrastructure over to some external saas provider introduces a dependency and risk surface a regulated exchange generally doesnt want.
cordial treasury solves that by being self hosted and on premises, meaning NPEX runs it themselves rather then relying on someone else's hosted service. cordial specifically is described as capable of adding support for new networks within weeks, which is what made a smooth integration with dusk's L1 possible on a reasonable timeline.
worth noting cordial isnt some unproven vendor either - theyve worked with figure markets and figure.com, which has facilitated the origination of over $20 billion in private credit on chain. thats a meaningful existing track record to be bringing into a regulated exchange integration.
and NPEX here isnt just a client using this custody setup, its also positioned as validating it - using dusk vault themselves is presented as proof of the infrastructure's reliability and security for other institutions considering the same setup.
#dusk @Dusk $DUSK
