A major event is coming in 2026—Dusk and the licensed Dutch exchange NPEX are teaming up to launch DuskTrade, which will directly bring €300 million worth of tokenized securities onto the blockchain. This sounds like a game-changing move.

NPEX is a legitimate player in the EU, holding multiple regulatory licenses including MTF, Broker, and ECSP, managing assets worth €300 million, and serving over 17,000 active investors. Their collaboration with Dusk is not just simple API integration but a true deep co-creation—NPEX is responsible for converting traditional securities into tokens, while Dusk’s Layer 1 infrastructure and DuskEVM provide on-chain support. The result is that DuskTrade is fully compliant and also offers user privacy protection.

Here’s the question: what’s the biggest bottleneck in RWA tokenization? Compliance and privacy often clash. On-chain RWAs are generally transparent, so institutions are reluctant to expose their holdings and trading strategies. DuskTrade has a solution—Hedger Privacy Module, which uses zero-knowledge proofs to ensure auditability while keeping transactions confidential by default. Investors can trade tokenized stocks or bonds anonymously, and regulators can verify compliance when needed, without exposing sensitive data. Under the EU’s MiCA framework, this solution is especially critical.

As for the tech stack? DuskTrade runs on the newly launched DuskEVM, whose EVM compatibility allows NPEX to quickly deploy Solidity contracts, reducing technical migration costs.