According to Foresight News, citing Bloomberg, Deutsche Bank launched a test version of its asset service pilot project Dama 2 in November. This platform includes a Layer 2 solution that connects to Ethereum, aimed at addressing the regulatory challenges faced by financial institutions when attempting to use public blockchains, such as the risk of inadvertently transacting with criminals or sanctioned entities.
Dama 2 is part of the Monetary Authority of Singapore's Project Guardian, which involves 24 major financial institutions testing methods for tokenizing assets using blockchain technology. The Dama 2 platform was developed in collaboration with crypto companies Memento Blockchain Pte. and Interop Labs, utilizing ZKsync technology. The bank hopes to launch it as a minimum viable product (MVP) next year after receiving regulatory approval.