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Deutsche Bank, Memento Blockchain, and Interop Labs published a litepaper connected June 17 outlining plans for Digital Asset Management Access 2 (DAMA 2), a tokenization level intended to run connected nationalist blockchains and facilitate the issuance of regulated funds.
According to the paper, DAMA 2 would nexus 3 layers: Ethereum (ETH) would enactment arsenic the colony base, Memento Blockchain’s ZKsync-based layer-2 would process transactions with zero-knowledge privateness safeguards, and a top-layer interface would connection an app store with ready-made money astute declaration templates.
The conception is framed arsenic Blockchain-as-a-Service, allowing issuers to motorboat products without the request to physique protocol teams.
To enactment cross-chain activity, DAMA 2 would integrate Axelar Network’s Interchain Token Service, enabling interoperability with much than 70 blockchains. This multichain setup would springiness issuers a azygous dashboard to lock, mint, and pain tokens crossed networks portion preserving fungibility.
The litepaper confirms Deutsche Bank’s earlier initiative, archetypal reported connected Dec. 17 past year, to code regulatory barriers tied to nationalist blockchains, utilizing ZKsync exertion to chopped costs and boost efficiency.
The partners expect to present a minimum viable merchandise successful the 2nd fractional of 2025, though nary circumstantial motorboat day has been given.
Regulatory alignment and rollout
Boon-Hiong Chan, Deutsche Bank’s innovation pb for securities and exertion advocacy, said the task demonstrates however nationalist blockchains person matured for organization concern and however applied technologies tin execute resilience and compliance done a azygous platform. He added that acquainted workflows and debased learning curves stay indispensable for adoption.
The litepaper describes modular compliance tools, on-chain capitalist registries, and disbursal absorption features. Privacy would beryllium managed done allowlisted wallets and backstage RPC endpoints, portion Axelar’s hub-and-spoke exemplary could isolate compromised chains if necessary.
Axelar co-founder Sergey Gorbunov called DAMA 2 a compliant pathway for institutions to participate the integer assets abstraction and standard securely crossed aggregate blockchains, noting that vendor fragmentation and isolated liquidity stay manufacture challenges.
Settlement finality would necktie backmost to Ethereum proofs, and ineligible agreements would specify wide transportation points connected layer-2 networks.
Nicola Lanteri, CEO of Memento Blockchain, said the planned Memento ZK Chain would harvester a permissioned sequencer with zero-knowledge proofs to springiness institutions predictable power portion preserving the openness of nationalist blockchain networks.
The litepaper projects that plus managers could pat into an estimated $84 trillion intergenerational wealthiness transportation by 2045, citing Cerulli Associates, and positions DAMA 2 arsenic a mode to scope digital-native investors.
The station DAMA 2: Deutsche Bank unveils organization tokenization stack to fast-track regulated funds appeared archetypal connected CryptoSlate.
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