While many projects are still promoting the RWA concept in their whitepapers, Dusk has already partnered with the Dutch stock exchange NPEX to advance a more practical initiative—restructuring the settlement system of traditional exchanges using blockchain technology.

How inefficient is the clearing process in traditional securities markets? Take NPEX as an example: a transaction from execution to final settlement takes a T+2 or even T+3 cycle. During this waiting period, numerous intermediate steps can lead to reconciliation errors, custodial risks, and layered intermediary fees—all problematic issues. As a result, large sums of capital are frozen during settlement and cannot circulate freely.

Dusk’s solution is atomic settlement—once a trade occurs, the clearing is completed simultaneously. Compressing from T+2 to seconds may sound simple, but the impact is significant. Liquidity locked in the settlement process is instantly revived, capital turnover efficiency is elevated to a new level, and operational costs are greatly reduced.

Another interesting change is the redefinition of compliance. Currently, users must verify their identity and permissions each time they trade. Dusk’s approach is different: once a user completes KYC verification on NPEX, this identity record becomes a universal credential across the entire ecosystem. Institutional investors can leverage this credential to quickly deploy complex derivatives portfolios, flexibly assembling them like LEGO blocks in DeFi. Compliance is no longer a gatekeeping approval for each transaction but an inherent attribute carried by the asset itself, operating invisibly throughout.

The core of this logic is: using technological means to eliminate intermediaries, and employing composable mechanisms to enable financial innovation and regulatory requirements to coexist seamlessly.