In the development of blockchain, most public chains face a dilemma—either strengthen privacy protection or enhance regulatory compliance. But one project has decided to pursue both paths: achieving true privacy through zero-knowledge proof technology while obtaining formal recognition from the European Union. Even more interesting is that it has already partnered with the Dutch licensed trading platform NPEX to start on-chain trading of real assets such as stocks. As the institutional-level RWA wave approaches, this type of infrastructure that can both protect user privacy and meet regulatory certification is indeed beginning to show its scarce value. Based on the current valuation, there is still considerable room for imagination.