Recently, there has been an interesting phenomenon in the RWA circle. Many people are focusing on projects like $OM that have already been extensively discussed, but they seem to overlook a quietly upgrading contender—$DUSK.

Don’t simply regard it as an old privacy chain. The real core is the launch of the Piecrust VM. From a technical stack perspective, this setup essentially adds a traditional financial-grade compliance layer on top of the privacy infrastructure— in other words, paving the way for institutional investors and traditional financial giants.

According to industry feedback, leading European banks have already conducted stress tests on the underlying infrastructure. This is not hype; it’s a tangible institutional-level validation. Once the combination of privacy + compliance gains consensus in the institutional circle, the potential for growth is indeed significant.

Looking at the market rhythm, before big influencers start to hype it up, mechanisms based on fundamental improvements like this are often underestimated. Early deployment and waiting for the right moment to ride the wave can lead to substantial gains. Regardless, this logic deserves a place in the investment framework.