Dusk: 3 Keys for Success

Since the launch of DuskDS and partner integrations earlier this year, the team has narrowed its focus to build in three areas:

DuskEVM: Our EVM-compatible blockchain, built to integrate seamlessly with the broader crypto ecosystem and provide flexibility for privacy-preserving tools like Hedger.

Our trading platform: Code name STOX, this is our platform for trading regulated assets. Built on DuskEVM, it will offer access to money market funds, stocks, bonds, and more.

The DLT-TSS: This is the regulatory exemption we are applying for with our partners NPEX, that will give an easy route to on-chain native issuance.

Let’s look a bit deeper into what each piece means for Dusk, the community, and the overall vision

DuskEVM - The tech

DuskEVM is an EVM-compatible L2 built on top of DuskDS. Gas is paid in $DUSK, it settles on DuskDS, but it is also compatible with the broader EVM ecosystem, including tooling, wallets, and Solidity.

While the development team is busy building it, the business development team is busy building the ecosystem around it.

This means DuskEVM will not only be a new chain, it will bring an ecosystem of DEXes, lending/borrowing, and more, to ensure a thriving ecosystem.

While we do not expect everything to be deployed on Day 1 of DuskEVM, the BD team has been working diligently to onboard partners and dApps, as well as other RWA projects.

[Code Name] STOX: The Trading Platform 

This is the trading platform occupying the rest of the development team’s time. Complementary but distinct from our work with NPEX, the project-internally-known-as-STOX, will bring regulated assets on-chain and allow investors to trade.

It will be an iterative rollout, starting with a few carefully selected partners and assets, and expanding to more partners, more assets, and more investors.

This will not only give investors access to previously hard to access assets, it will also boost the Dusk TVL and encourage investors from all over, both TradFi and DeFi, big and small to trade on DuskEVM.

Thanks to NPEX’s broker license, they will also be able to assist in bringing more assets to the platform. Very few (if any) blockchain projects have access to these kinds of licenses and capabilities, so we will be bringing something new to the table.

There will be an early signup soon for those of you who want to get on the waitlist.

The DLT-TSS - The license

The DLT-TSS exemption has been an ongoing effort to secure the regulatory exemption to natively issue assets on-chain.

Done in conjunction with NPEX, it requires input from almost every part of the Dusk team, from the tech team to the business development team to our legal advisors at Norton Rose Fulbright.

While we wish it was as simple as filling in a form, it’s a much bigger and more nebulous task! It requires ongoing meetings with regulators and lawyers, closely monitoring and adjusting to new regulations, and ensuring that Dusk and NPEX meet the requirements.

We are close to finalizing the application, and it will then be in the hands of the regulators to get back to us with questions, revisions, and approval.

Easy access to Dusk

In addition to the three areas that are receiving the most focus, the team is also focused on building out the broader Dusk ecosystem. We want it to be incredibly easy to access Dusk.

From bridging assets to Dusk to trading the token, the team is dedicated to building an ecosystem that is well-integrated, easy to access, and offers opportunities to everyone, from a small investor to big institutions.

We should see these advancements rolling out soon, beginning with DuskEVM, and being followed by dApps, STOX, and licenses.

With an interoperable blockchain, DeFi and TradFi dApps, institutional partners, and the right regulatory environment, Dusk will bring users new opportunities and greater access to financial participation.