During the 2018 bear market, I saw a group of tech geeks huddled in an office working on a project called Dusk. They said they wanted to build privacy financial infrastructure. At the time, it sounded too lofty, and hardly anyone took it seriously. Six years later, as countless projects have fallen by the wayside in the wave, this low-profile team suddenly made a splash.
What has the past six years looked like? DeFi went crazy, NFTs boomed, MEME coins came one after another, and star projects shined brightly like fireworks, only to fade away in smoke. Dusk, on the other hand, has been an outsider—avoiding hot topics, not telling stories, just focusing on refining technology and complying with regulations. Until early 2026, when they made their move—launching the mainnet, opening reservations for trading platforms, and preparing to put securities worth 300 million euros on the chain.
This is not the kind of project that exists only in PowerPoint slides. They have actually obtained multiple industry licenses and are truly compliant. On the technical side, they use zero-knowledge proofs combined with homomorphic encryption. Simply put: transaction data can be fully private, yet regulators can audit and verify. This combination directly targets the core pain points of traditional finance.
Some might say privacy coins are just for money laundering. Actually, that's a misconception. The real concern for big institutions is data leaks. Imagine Goldman Sachs operating billions of dollars in stock trades on-chain, with orders and transaction records fully transparent—markets would be instantly disrupted. Currently, most blockchains are too transparent, and institutional funds dare not touch them. Dusk’s solution is like giving traders an invisibility cloak, while regulators and compliance departments have X-ray vision—winning for both sides.
Look at what the market is chasing now—hundredfold MEME coins, AI agent narratives, lively and hot. The real long-term opportunity is hidden in the most inconspicuous place: infrastructure. Putting securities worth 300 million euros on-chain is not just a story; it’s real business with real money.
The crypto world always follows the old pattern—those chasing gold go crazy, while those selling water make money. Roles like Dusk, quietly building bridges, might just be the hidden trump card in 2026.
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TerraNeverForget
· 01-11 01:24
Quietly getting things done indeed makes money, but whether the 300 million euros will go on chain still depends on how it is executed later.
The logic of selling water always holds, but I'm just worried that Dusk will end up being a story-telling project in the end.
Six years of honing skills without riding the hot trend is indeed rare, but do institutions really dare to go on chain?
Zero-knowledge proof sounds perfect, but the question is whether there are truly big deals landing.
I'm more convinced this time because of the PPT, but is the regulatory side really solid and confirmed?
The analogy of invisibility cloaks and X-ray glasses is good, but a win-win situation depends on the market really buying in.
Infrastructure is the key, but right now, there are still too many chasing the hot spots.
People have been saying for five years that institutional funds will enter, so why would Dusk be the one to succeed?
300 million euros sounds impressive, but how much has actually been allocated?
I've seen quite a few projects quietly honing their technology, but not all of them will succeed.
The compliance process is complete, but can the subsequent business model be successfully implemented?
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InscriptionGriller
· 01-10 02:30
Damn, a project that has been focused on technology for six years is now blowing up. This is truly the real ace.
Compliance + Privacy + Real Business, those selling water will always make more money than those mining for gold. This old truth is well known.
MEME coin players are still sleepwalking, institutional funds have long been waiting for this kind of thing.
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MidnightSeller
· 01-08 11:53
Wow, low-key polishing for six years and then taking off? I believe it
Selling water is really the way to go
The zero-knowledge proof stuff should have been implemented long ago; big institutions have been waiting eagerly
300 million euros on the chain, this isn't just a story... it depends on whether the mainnet is stable
The MEME coin wave is dead, but Dusk is still coding, which is pretty impressive
Privacy finance is truly an underestimated infrastructure
With all the compliance licenses in place, this is completely different from those PPT projects
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WinterWarmthCat
· 01-08 11:52
The logic of selling water is indeed clear, but I still need to see the implementation of the 300 million euros on-chain.
Being low-key doesn't mean being reliable; there are so many projects in the crypto world that are unknown but later dump their tokens.
Let's wait until the mainnet is truly up and running; anyone can tell stories now.
Institutional privacy needs do exist, but can regulators really allow it? That’s the key point.
Amazing, finally someone is not chasing the trend; this is the right attitude.
Having multiple compliance licenses doesn't mean the technology is problem-free; the details still depend on the code.
It's basically betting that policies will move in this direction; the road is long.
Six years of sharpening the sword sounds a bit romanticized; it's more about difficulty in fundraising.
I just want to ask if anyone has actually used their products?
I love this logic, but can the privacy + compliance combo really work in the EU?
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GasFeeCrier
· 01-08 11:52
The logic of selling water is indeed clear, but is the figure of 300 million euros really serious?
I've seen too many PPTs about privacy + compliance; whether it can truly be implemented is the key.
The project that has been silent for six years without telling a story is now suddenly making such a big move... it's a bit suspicious, could it also be just storytelling?
Will institutions really buy in? That's a big question mark.
A friend said Dusk has been available on exchanges for a long time, so is it a bit late to get on now?
Infrastructure-wise, no one is paying attention, but there are reasons—high risk, long cycle, no hype.
Honestly, I'm still a bit confused about zero-knowledge proofs; can you explain how it works in detail?
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GasFeePhobia
· 01-08 11:50
Keeping a low profile and making big money is indeed more reliable than just storytelling. Six years of sharpening the sword just for this moment.
Wait, is the news about 300 million euros worth of securities being tokenized really true? Or is it just another PowerPoint presentation?
Low-profile projects are often the most worth paying attention to. When the market is all about MEME, that's exactly the most dangerous time.
I like the idea behind Dusk. Combining privacy and compliance on both fronts really hits the core of traditional finance.
Honestly, compared to those who jump on trending topics every day, I prefer to work with teams that focus on their craft.
The biggest fear for institutional investors entering the market is too much transparency. This pain point is perfectly addressed.
The saying that sellers of water always make money is validated in every bull and bear cycle. History really repeats itself.
However, the combination of zero-knowledge proofs and homomorphic encryption is still a bit difficult for ordinary people to understand.
Infrastructure is never sexy but always highly profitable. The crypto world is the same as traditional VC in this regard.
View OriginalReply0
ShadowStaker
· 01-08 11:24
ngl, six years of grinding while everyone else chased memes... that's the kind of infrastructure play that actually moves markets, not narratives. zk-proofs + homomorphic encryption isn't sexy but it solves the real compliance nightmare institutions have been sitting on. curious if the regulatory moat holds or if it's just another "compliant" promise that falls apart at scale.
During the 2018 bear market, I saw a group of tech geeks huddled in an office working on a project called Dusk. They said they wanted to build privacy financial infrastructure. At the time, it sounded too lofty, and hardly anyone took it seriously. Six years later, as countless projects have fallen by the wayside in the wave, this low-profile team suddenly made a splash.
What has the past six years looked like? DeFi went crazy, NFTs boomed, MEME coins came one after another, and star projects shined brightly like fireworks, only to fade away in smoke. Dusk, on the other hand, has been an outsider—avoiding hot topics, not telling stories, just focusing on refining technology and complying with regulations. Until early 2026, when they made their move—launching the mainnet, opening reservations for trading platforms, and preparing to put securities worth 300 million euros on the chain.
This is not the kind of project that exists only in PowerPoint slides. They have actually obtained multiple industry licenses and are truly compliant. On the technical side, they use zero-knowledge proofs combined with homomorphic encryption. Simply put: transaction data can be fully private, yet regulators can audit and verify. This combination directly targets the core pain points of traditional finance.
Some might say privacy coins are just for money laundering. Actually, that's a misconception. The real concern for big institutions is data leaks. Imagine Goldman Sachs operating billions of dollars in stock trades on-chain, with orders and transaction records fully transparent—markets would be instantly disrupted. Currently, most blockchains are too transparent, and institutional funds dare not touch them. Dusk’s solution is like giving traders an invisibility cloak, while regulators and compliance departments have X-ray vision—winning for both sides.
Look at what the market is chasing now—hundredfold MEME coins, AI agent narratives, lively and hot. The real long-term opportunity is hidden in the most inconspicuous place: infrastructure. Putting securities worth 300 million euros on-chain is not just a story; it’s real business with real money.
The crypto world always follows the old pattern—those chasing gold go crazy, while those selling water make money. Roles like Dusk, quietly building bridges, might just be the hidden trump card in 2026.