Looking at the current blockchain ecosystem, most public chains are still selling a dream called "complete transparency." But the real-world financial game rules are entirely different—securities trading, equity transfers, institutional-grade asset management—these have never operated transparently. Privacy and compliance may seem like opposing ends, but in reality, they must coexist.

This is also why the Dusk Network project continues to be worth关注. It hasn't followed the trend of chasing the hottest tracks; instead, it has chosen a more difficult path: using privacy blockchain infrastructure to serve compliant finance. It sounds a bit convoluted, but the technical solution is straightforward—through zero-knowledge proofs, selective information disclosure, and regulatory-friendly system design, enabling assets to circulate on-chain while protecting privacy and allowing audits. Compared to current Layer 1 public chains and Layer 2 scaling solutions, this design approach is quite rare.

From a practical application perspective, the positioning is very clear: securitized assets, compliant RWA, institutional financial products. As more traditional assets seek to go on-chain, the question has shifted from "Can it be done" to "Is it compliant and acceptable to institutions." At this turning point, Dusk's technical route is clearly designed for real needs, not just short-term hype.

To assess the investment value of this project, one cannot rely solely on emotional factors. The key is to consider three questions: How far can the on-chain migration of compliant finance go; how strong is the demand for privacy computing technology itself; and can the ecosystem attract genuine institutional users. These are the factors that determine long-term value.