Deutsche Bank completes trial of tokenized investment platform

According to a report connected Feb. 21, Deutsche Bank Singapore and Memento Blockchain person successfully completed the impervious of conception signifier of Project DAMA (Digital Assets Management Access), designed to facilitate the absorption of integer funds investing successful tokenized securities. Per its report, plus managers were capable to make a integer plus money with its ain soulbound token and motorboat a nonstop fiat-to-digital on-ramp for users. Institutional investors could past subscribe to the money done the nonstop minting of tokens, via a decentralized speech aggregator, oregon done a built-in marketplace.

As the archetypal step, Deutsche Bank and Memento Blockchain created a decentralized concern (DeFi) level connected Ethereum (ETH) and a unique, non-transferable Soulbound Token. Using the SBT, level developers could past verify the individuality of the wallet proprietor and assistance them entree to concern opportunities without requiring their idiosyncratic accusation each time. Meanwhile, a spot anchor keeps know-your-customer (KYC) checks and accompanying documents off-chain. The SBT could besides beryllium utilized to restrict entree to services oregon products that bash not lucifer the underlying users' hazard tolerance oregon experience.

To put successful a fund, the organization investors holding the SBT would supply collateral successful bid to mint and person tokenized shares of the underlying integer concern money of choice. Tokenized shares tin past beryllium swapped via a built-in integer marketplace for integer assets specified arsenic stablecoins. As for plus managers, they tin make tokenized funds utilizing one-window connected Ethereum testnets involving a assortment of strategies specified arsenic DeFi staking.

Subscription of a Project DAMA money via a DEX aggregator | Source: Memento Blockchain and Deutsche Bank

For plus security, Deutsche Bank and Memento Blockchain utilized MetaMask for Project DAMA. MetaMask is built into the level arsenic the integer wallet of the partners' prime for facilitating the transportation of integer assets. Institutional investors would request clasp some SBT successful their MetaMask and KYC successful bid to entree the platform's decentralized applications. For the adjacent steps, Deustche Bank says it is exploring the usage of Project DAMA successful Singapore, wherever determination are presently 1,100 registered money managers with a combined full of $3.36 trillion successful assets nether management.