While many projects are still hyping the RWA concept in whitepapers, Dusk has partnered with Dutch securities exchange NPEX to pursue something more tangible—reconstructing the settlement system of traditional exchanges using blockchain technology.
How inefficient is the clearing process in traditional securities markets? Taking NPEX as an example, a transaction takes T+2 or even T+3 cycles from execution to final settlement. During this waiting period, there are numerous intermediaries, the risks of reconciliation errors, fund custody risks, and cascading intermediary fees are unavoidable. The result is that large amounts of capital get frozen in the clearing process and cannot circulate.
Dusk's solution is atomic settlement—clearing is completed simultaneously the moment a trade occurs. Compressed from T+2 to milliseconds, this sounds simple, but the effects it unleashes are significant. Liquidity that was locked in the clearing pipeline suddenly becomes active, capital turnover efficiency jumps to the next level, and operational costs drop substantially.
Another interesting change is the redefinition of compliance. The current approach requires users to reverify their identity and reauthorize permissions for every transaction. Dusk changes it like this: once a user completes one KYC verification at NPEX, that identity record becomes a universal credential across the entire ecosystem. Institutional investors can quickly deploy complex derivative portfolios based on this credential, with flexibility just like assembling Lego blocks in DeFi. Compliance is no longer an approval gate for each transaction, but rather an attribute carried by the assets themselves, running invisibly throughout.
The core logic of this framework is: use technology to eliminate intermediaries, and use composable mechanisms to make financial innovation and regulatory requirements go hand in hand.
While many projects are still hyping the RWA concept in whitepapers, Dusk has partnered with Dutch securities exchange NPEX to pursue something more tangible—reconstructing the settlement system of traditional exchanges using blockchain technology.
How inefficient is the clearing process in traditional securities markets? Taking NPEX as an example, a transaction takes T+2 or even T+3 cycles from execution to final settlement. During this waiting period, there are numerous intermediaries, the risks of reconciliation errors, fund custody risks, and cascading intermediary fees are unavoidable. The result is that large amounts of capital get frozen in the clearing process and cannot circulate.
Dusk's solution is atomic settlement—clearing is completed simultaneously the moment a trade occurs. Compressed from T+2 to milliseconds, this sounds simple, but the effects it unleashes are significant. Liquidity that was locked in the clearing pipeline suddenly becomes active, capital turnover efficiency jumps to the next level, and operational costs drop substantially.
Another interesting change is the redefinition of compliance. The current approach requires users to reverify their identity and reauthorize permissions for every transaction. Dusk changes it like this: once a user completes one KYC verification at NPEX, that identity record becomes a universal credential across the entire ecosystem. Institutional investors can quickly deploy complex derivative portfolios based on this credential, with flexibility just like assembling Lego blocks in DeFi. Compliance is no longer an approval gate for each transaction, but rather an attribute carried by the assets themselves, running invisibly throughout.
The core logic of this framework is: use technology to eliminate intermediaries, and use composable mechanisms to make financial innovation and regulatory requirements go hand in hand.