Dusk and Cordial first to launch zero-trust custody for RWA assets at NPEX
Amsterdam, The Netherlands, February 27th, 2025, Chainwire
Dusk, NPEX, and Cordial Systems are partnering to develop a blockchain-powered stock exchange, setting a new standard for digital asset custody and institutional finance in Europe.
NPEX, Dusk, and Cordial Systems: Pioneering Blockchain-Powered Trading
NPEX, a licensed stock exchange operating a multilateral trading facility (MTF) in the Netherlands, is integrating with the Dusk blockchain to facilitate the issuance, trading, and tokenization of regulated financial instruments. This integration enables both primary and secondary market trading, unlocking new efficiencies and liquidity.
Mark van der Plas, NPEX CEO shared “Working with Cordial Systems is great for all of us. Partners like Cordial make it possible for us to integrate DLTs, provide classic assets on-chain, and drive innovation in a highly regulated sector”.
To facilitate seamless post-trade processes, NPEX will leverage Cordial Systems’ Cordial Treasury, a self-hosted wallet technology that enables financial institutions to maintain full control over their technology stack. By avoiding reliance on black-box SaaS solutions, NPEX ensures regulatory compliance and operational security. Additionally, Cordial’s rapid blockchain integration capabilities enabled a smooth connection with the approved Dusk Layer 1 blockchain.
Cordial Systems: A Proven Leader in Tokenization
Cordial Systems is an established participant in the tokenization ecosystem, working alongside Figure Markets and its parent company, Figure.com, which has originated $20 billion in private credit on-chain. For NPEX, Cordial Treasury was a strategic choice, providing seamless deployment and comprehensive on-premise functionality.
Cordial Systems’ CEO, Nicolas Stalder, said “Regulated financial institutions require full control over their digital asset custody, and NPEX’s adoption of Cordial Treasury showcases how a self-hosted, on-premise digital asset custody solution can seamlessly support blockchain-powered market infrastructure. We’re excited to support this milestone in bringing tokenized financial instruments to European markets.”
This partnership also benefits Cordial’s existing client base, who now gain access to hold and transfer assets on the Dusk network.
Dusk Unveils Decentralized Institution-Grade Custody
Dusk is proud to announce the launch of Dusk Vault, the first digital asset custody service with multiple licensed financial institutions, including European banks, centralized crypto exchanges, and NPEX as a traditional exchange, participating as infrastructure partners and clients. This new service will provide unparalleled security, compliance, and decentralization, ensuring seamless institutional onboarding.
Emanuele Francioni, Dusk CEO added “We are thrilled to join forces with Cordial Systems. A blockchain-powered financial system requires partners of the highest caliber, and through their custody solution we are able to serve clients, drive innovation, and bridge the gap between traditional finance and DLTs”.
Expanding its capabilities, Dusk will also introduce custody for all digital assets, covering both cryptocurrencies and tokenized securities and commodities. This innovation will significantly simplify the onboarding of Dusk assets onto both crypto-native and regulated exchanges, including the DUSK token itself and Zedger.
A New Era for On-Chain Finance
On-chain financing continues to expand in 2025, driven by the increasing adoption of tokenized money market funds and stablecoins. As financial institutions integrate blockchain technology, NPEX, Cordial Systems, and Dusk are positioned to support the growth of regulated digital asset markets.
About Dusk
Dusk is the privacy blockchain for financial applications. A new standard for compliance, control, and collaboration. Their mission is to enable enterprises of any size to collaborate at scale, meet compliance requirements, and ensure that personal and transaction data remains confidential. Users can visit dusk.network to learn more.
About NPEX
NPEX offers a regulated platform for the financing of European SMEs and for trading in securities, investment funds, and eventually large caps and digital assets.
About Cordial Systems
Cordial Systems gives users full control over their digital asset custody. Their on-premise, MPC-powered solution is built on zero-trust security, allowing users to store, stake, and manage digital assets across 45+ blockchains while ensuring security, resilience, and regulatory compliance—without vendor reliance. Users can learn more at CordialSystems.com.
