Many on-chain projects are still bragging about future plans, but Dusk is already making real progress.

It is closely collaborating with NPEX in the Netherlands (an EU MTF license holder, strictly regulated by AFM), not just a simple pilot project, but a complete solution that brings traditional financial infrastructure onto the chain. Currently, NPEX has tokenized over €200M of real securities assets through the Dusk platform, with some channels pointing to a potential scale of €300M. These are not virtual assets—they are backed by real small and medium-sized enterprise equity, bonds, and investment funds, supported by factories, employees, and cash flow.

What does this mean? When on-chain assets worth billions of RMB are issued, traded, and settled on the Dusk network, the entire process requires the consumption of $DUSK as network fuel. This directly creates real economic demand—not speculation, but functional value anchoring.

Even more interesting is that this is just the beginning. Thousands of small and medium-sized enterprises in Europe face financing difficulties, and Dusk is quietly becoming a gateway for these companies to access the capital markets—somewhat playing the role of "Europe’s Nasdaq" for SMEs. Compliance and privacy combined with real RWA make this a rare combination in the market.

While the market is still chasing various new tokens, savvy investors are already looking at this licensed, real-world grounded, and competitively barriered infrastructure direction. By 2026, as the mainnet effects expand and more assets are brought on-chain, the institutional-grade market for $DUSK may just be beginning.