The rotation of the crypto world's hot spots has never stopped. From DeFi to NFTs, and now to the craze of inscriptions and MEME tokens, each wave has attracted a large influx of capital. But I am increasingly realizing what is truly missing behind these narratives—an infrastructure capable of accommodating trillions of traditional financial funds.

After re-evaluating the investment logic over the past six months, I have come to a rather firm conclusion: the perfect integration of compliance and privacy is the key to the takeoff of the RWA (Real-World Asset) track. This also explains why I have repeatedly bet on Dusk among many projects.

Some friends ask, since they are all RWA projects, why choose Dusk? The answer is actually simple—the fundamental logic of finance is trust, and institutional trust is built on compliance. The current market dilemma is: either choose complete transparency that deters institutions, or choose full privacy that regulatory authorities cannot intervene. This is a dilemma.

Dusk’s uniqueness lies in breaking this deadlock. Through the application of zero-knowledge proof technology, they have achieved a clever balance: transaction data remains fully confidential, while institutional audit requirements are automatically met. It may not sound as exciting as some hot coins, but this is precisely the infrastructure foundation.

The biggest realization from holding this for a period is a sense of solidity. Not the thrill of chasing gains and cutting losses, but a sense of certainty in the technological direction. When trillion-dollar assets like stocks, bonds, and real estate truly go on-chain, what they need is this kind of underlying support—protecting participant privacy while meeting regulatory requirements. This is not a future vision; it is happening now.