Almost skimmed past Dusk Network’s Aug. 15 piece on SME tokenization, then the “What Remains” column in its Six Stage Lifecycle Table caught my attention.
That column quietly exposes something the tokenization narrative often glosses over: putting an asset on-chain doesn’t automatically remove the legal and operational dependencies around it.
During Structuring, corporate approvals still matter. During Transfer, a certified notary can still be required. During Servicing, humans may still need to determine things like tax treatment.
The NPEX partnership makes this especially concrete. For Dutch BV shares, a legally binding notarial deed is required — wrapping those shares in tokens doesn’t simply erase that legal requirement.
So the more accurate way to view Dusk is as a shared record layer / backend plumbing sitting alongside existing legal infrastructure, not replacing the law.
And that’s a useful distinction from typical L1 narratives claiming tokenization removes operational friction altogether.
Institutions may get the backend record-keeping infrastructure first, while retail access is still sitting behind the Dusk Trade waitlist.
Maybe the real question isn’t whether blockchain eliminates the notary — but why so much of the market assumes it already has.
#dusk @Dusk $DUSK
That column quietly exposes something the tokenization narrative often glosses over: putting an asset on-chain doesn’t automatically remove the legal and operational dependencies around it.
During Structuring, corporate approvals still matter. During Transfer, a certified notary can still be required. During Servicing, humans may still need to determine things like tax treatment.
The NPEX partnership makes this especially concrete. For Dutch BV shares, a legally binding notarial deed is required — wrapping those shares in tokens doesn’t simply erase that legal requirement.
So the more accurate way to view Dusk is as a shared record layer / backend plumbing sitting alongside existing legal infrastructure, not replacing the law.
And that’s a useful distinction from typical L1 narratives claiming tokenization removes operational friction altogether.
Institutions may get the backend record-keeping infrastructure first, while retail access is still sitting behind the Dusk Trade waitlist.
Maybe the real question isn’t whether blockchain eliminates the notary — but why so much of the market assumes it already has.
#dusk @Dusk $DUSK