RWA has recently become a hot topic again, with various projects attaching labels to themselves. But honestly, after looking around, I can't help but feel a bit amused.

Many so-called RWA projects are just issuing some US Treasuries on-chain as proof, and that's it. Is this what you call RWA? Basically, it's just purchasing agents. Do the traditional financial giants—JPMorgan, BlackRock—lack purchasing channels like this? What they truly need is a system that allows them to operate their full business securely and compliantly on the blockchain.

That's why I am so persistent about Dusk. While everyone else is talking about technical indicators, Dusk is seriously solving the problem of "compliant privacy."

Looking at it from another angle: you are a fund company. Would you dare to operate directly on Ethereum? Your trading strategies and holdings are fully transparent to retail investors on the chain. What about Monero? Regulators can trace you instantly. Dusk aims to solve exactly this dilemma—your trading strategies remain hidden from competitors, but compliance departments have a complete and traceable data chain.

It may not sound very sexy or cool. But this is exactly what the folks on Wall Street—dressed in sharp suits—really care about. I don’t expect Dusk to become the next Ethereum; as long as it can serve as the "digital infrastructure" for Europe’s financial ecosystem, its current price is already ridiculously cheap.

Honestly, holding Dusk isn’t an easy ride.

Watching Meme coins hit daily limit-ups, new projects popping up all over the Solana ecosystem, while Dusk in my hand feels frozen, stuck at the bottom. During late-night monitoring, my mouse has moved to the sell button more than once, and countless thoughts flash through my mind: I should chase the hot projects; this one has no chance. But every time, I end up holding back.