Deutsche Bank Partners with zkSync to Develop Compliant Blockchain Solution for Traditional Finance

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**Deutsche Bank to Develop Ethereum Layer-2 Blockchain to Tackle TradFi Compliance Issues**

In a surprising move, Deutsche Bank has announced plans to collaborate with the zkSync team to develop an Ethereum layer-2 (L2) blockchain solution focused on addressing compliance challenges within traditional finance (TradFi).

The new partnership aims to create a secure and scalable platform that integrates Ethereum’s decentralized architecture with Deutsche Bank’s extensive experience in traditional financial markets. This joint effort is expected to provide TradFi institutions with the tools necessary to efficiently comply with regulatory requirements while leveraging the benefits of blockchain technology.

As part of this collaboration, zkSync will contribute its expertise in building L2 solutions for Ethereum, enabling high-performance transactions and a seamless user experience. Meanwhile, Deutsche Bank’s involvement brings its considerable resources, infrastructure, and financial prowess to ensure the success of the project.

The goal is to create a solution that addresses the pressing need for compliance within TradFi institutions, which often struggle with complex regulatory environments. By providing an Ethereum-based L2 blockchain platform, this partnership aims to bridge the gap between decentralized finance (DeFi) and traditional financial systems.

The move is seen as a significant step forward in the evolution of blockchain adoption within the global financial ecosystem.

Source: cryptoslate.com