New Blockchain Solution Launched by Deutsche Bank and Monetary Authority of Singapore
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Deutsche Bank Presents Dama 2 to Combine Layer 2 Tech with Ethereum for Financial Institutions
In a significant development, Deutsche Bank has announced the launch of Project Dama 2, an innovative solution that combines layer 2 technology with Ethereum. This groundbreaking initiative is part of the Monetary Authority of Singapore’s (MAS) Project Guardian, which aims to tokenize assets and explore blockchain technology among financial institutions.
Project Dama 2 leverages ZKsync technology to build a Layer 2 platform, allowing banks to engage more freely with public blockchains like Ethereum while addressing regulatory concerns. The innovative approach enables the creation of customized validator lists for digital-asset transactions, ensuring compliance and security.
Source: crypto-economy.com
