The RWA market is highly competitive, with everyone vying for the same track. But Dusk Foundation has come up with a new approach— a private debt tokenization project worth 100 million euros, directly opening up a differentiated competitive route.

Last year, in their collaboration with European financial institutions, they showcased a remarkable use of zero-knowledge proofs: sensitive private debt contracts are turned into tokens on the blockchain, allowing investors to purchase and earn stable interest. This approach protects transaction privacy while complying with EU regulatory frameworks. This method has set a new standard for bringing sensitive financial assets onto the blockchain.

Why is this so critical? Because it solves a long-standing difficult problem. Traditional private debt mainly circulates among a few institutions, making it nearly impossible for ordinary investors to participate. It suffers from poor liquidity and opaque information. Now, through Dusk’s compliant system, debt tokens can circulate globally, and zero-knowledge proofs ensure that the privacy data of both creditors and debtors are not leaked. Breaking through both privacy and compliance barriers creates an exclusive advantage.

Looking ahead to 2026, the RWA market is projected to reach a size of $10 trillion. The tokenization demand in niche areas like private debt and family trusts will explode. Native ecosystem tokens are indispensable in key processes such as debt issuance collateralization and transaction fee payments, with their value deeply tied to the growth of the track. The Dusk team has already explicitly stated their goal to expand the scale of private asset tokenization by 2026. Opportunities in this blue ocean market continue to unfold.