Golden Finance reported that German financial giant Deutsche Bank is developing an Ethereum Layer 2 blockchain network based on ZKsync technology. The project aims to solve the compliance challenges of public blockchains in regulated finance by improving transaction efficiency and strengthening regulatory compliance. The development is part of the Project Guardian project promoted by the Monetary Authority of Singapore (MAS), and Deutsche Bank's L2 network is named Project Dama 2. The project brings together 24 financial institutions to explore the possibility of blockchain asset tokenization.