The combination of privacy asset protocols and compliant exchanges is opening up a special business channel.

As a privacy asset protocol, Zedger uses its own tokens to pay gas fees for issuing and managing securitized assets. Meanwhile, NPEX, as a compliant exchange under the MiCA framework, has positioned its core utility token as the cornerstone of the ecosystem — not only for fee settlement but also supporting staking and on-chain governance. This design provides the token with dual demand support, from infrastructure layer to application layer.

In the development roadmap for 2025–2026, the practicality of tokenomics is being enhanced to the extreme. Gas consumption covers the entire lifecycle of RWA — from asset tokenization, management and operations, to on-chain clearing and settlement, with each stage generating real fee demands. The staking mechanism incentivizes nodes to maintain the network continuously through rewards, while the Hyperstaking feature allows ZK to customize logic for privacy-preserving profit distribution.

The policy benefits provided by the European MiCA framework are being unleashed. Over 300M+ euros in assets have been tokenized on-chain, with trading activity driving a rapid increase in gas demand. Meanwhile, the staking lock-up rate continues to rise, gradually tightening the supply side, and deflationary pressure is strengthening the token’s value support. The fixed supply cap of 1 billion tokens, combined with high circulation design, completely eliminates additional inflation risks.

From a longer-term perspective, the RWA market size is evolving towards trillions. The unique positioning of privacy + compliance allows this ecosystem token to capture core traffic. Gas consumption and staking APY form a dual-driven cycle, while the decreasing emission mechanism further ensures scarcity. By 2026, when the securitization platform is fully launched, the competition for dominance in compliant on-chain securities will intensify, and current valuation expectations may need to be reassessed.