In the 2026 crypto market, the RWA wave is changing everything. Those privacy coin projects that once focused solely on anonymous transactions are redefining their value. Among them, DUSK has taken a different path, demonstrating the possibility of combining privacy technology with a compliant framework — its goal is not to help people hide transactions, but to make real assets come on-chain with dignity.

The distinction is crucial. Most privacy coins only care about transaction anonymity, but DUSK has been exploring how to securely bring institutional assets onto the chain from the very beginning. As a result, it has gradually become the preferred choice for on-chain European institutional-grade assets. The proof is in the numbers: a €300 million security tokenization project completed in partnership with the Dutch NPEX exchange has become one of the largest on-chain security projects in Europe.

Having privacy alone is not enough; compliance is the key to victory. DUSK, together with Cordial, launched a zero-trust custody solution that directly addresses two major pain points of bringing real assets on-chain — security and custodial responsibility. Traditional assets like private equity funds, bonds, and real estate now have a compliant framework for tokenization on the chain. Plus, with the integration of Chainlink oracles, on-chain asset prices can be synchronized with the real world in real-time, alleviating risk concerns for large institutions.

DUSK’s multi-layered advantages are gradually becoming evident. Institutions can achieve asset settlement in seconds, meeting EU financial regulations; enterprises can use it for convenient financing with smart contracts that automatically execute transactions; ordinary users can access institutional-grade assets under privacy protection, enabling true diversification. By January 2026, over €200 million in real assets have been tokenized. The advancement of the EU MTF license also indicates that application scenarios are accelerating.

The story of privacy coins is being rewritten. They are no longer just ghosts of transactions but bridges between traditional finance and blockchain. DUSK’s practice shows the entire industry that the true blue ocean of privacy finance lies in RWA.