On June 17, Deutsche Bank, Memento Blockchain, and Interop Labs unveiled plans for Digital Asset Management Access 2 (DAMA 2), a tokenization platform designed to operate on public blockchains. (Source: CryptoSlate)
DAMA 2 will utilize a three-layer structure: Ethereum (ETH) for settlement, Memento Blockchain's ZKsync-based layer-2 for private transactions, and a top-layer interface with fund smart contract templates.
The platform aims to offer Blockchain-as-a-Service, enabling issuers to launch products without needing to create protocol teams. The platform will integrate Axelar Network's Interchain Token Service to support cross-chain activity across more than 70 blockchains.
This initiative builds on Deutsche Bank's previous efforts, reported on December 17 last year, to address regulatory challenges using ZKsync technology. A minimum viable product is expected in the second half of 2025.
The project highlights the maturation of public blockchains for institutional finance, with a focus on compliance and ease of use. DAMA 2 will include modular compliance tools, on-chain investor registries, and expense management features.
Axelar co-founder Sergey Gorbunov views DAMA 2 as a compliant entry point for institutions to securely scale across multiple blockchains. The platform aims to tap into an estimated $84 trillion intergenerational wealth transfer by 2045.