In 2026, the RWA market competition has entered a fierce stage. Those who can simultaneously meet institutional investors' privacy needs and compliance requirements will hold the dominant position. The performance of DUSK proves this—its €300 million security tokenization project in collaboration with the Dutch stock exchange NPEX has moved from concept to actual implementation. The zero-trust custody solution not only addresses the security issues of asset on-chain but also alleviates institutional concerns about technical risks. Coupled with data support from Chainlink oracles, the credibility of on-chain securities is now guaranteed.

The technological aspect has also lived up to expectations. After the mainnet upgrade, it can process 100,000 transactions per day, with a 99.99% settlement success rate, which is essential in high-frequency trading scenarios. More importantly, liquidity—24-hour trading volume remains above $30 million, with bid-ask spreads controlled within 0.5%. Such depth is truly usable for large institutional players.

The combined advantages of a three-in-one approach—robust technology, regulatory backing, and strong liquidity—have created a clear tiered differentiation among participants in this track. As more traditional financial institutions join, this direction's potential remains worth关注.