Techub News reports that Deutsche Bank AG released a test version of its Ethereum L2 Dama 2, developed in collaboration with cryptocurrency companies Memento Blockchain and Interop Labs, based on ZKsync technology, in November, according to Bloomberg.

Dama 2 is part of the Monetary Authority of Singapore's 'Project Guardian', under which 24 major financial institutions are testing methods of tokenizing assets using blockchain technology. The bank aims to launch it as a minimum viable product next year, but it still requires approval from regulators.