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Deutsche Bank’s next-gen tokenization platform for RWAs to support issuance across multiple public blockchains using zero-knowledge proofs and permissioned protocol and feature user-friendly interface to access smart contracts

June 23, 2025 //  by Finnovate

Deutsche Bank, Memento Blockchain and Axelar Network developer Interop Labs today published a litepaper describing the Digital Asset Management Access (DAMA) 2 project in detail. The paper provides a blueprint for a next-generation tokenization platform, built on public blockchains with regulatory alignment and privacy as core design principles. Designed to accelerate the adoption and servicing of tokenized funds, stablecoins and other real-world assets (RWAs), the platform will enable asset and wealth managers, token issuers, and investment advisors to easily create and service tokenized assets, distributing them securely and compliantly across connected blockchain ecosystems and financial networks. The litepaper captures extensive research with potential asset issuers, led by Deutsche Bank, and lays out the unique design of DAMA 2, including: Blockchain-as-a-Service model that minimizes up-front investment; User-friendly application interface layer with an app store to access fund smart contract designs; Privacy-enabled Layer 2 smart contract environment, built by Memento Blockchain with zkSync’s ZK Chain technology. Managed token issuance across multiple blockchains via Axelar Network. “DAMA 2 represents how public chains have evolved for institutional finance’s use, and how leading applied technologies can meet operational resilience and regulatory goals via one platform,” said Boon-Hiong Chan, Innovation Lead, Securities & Technology Advocacy at Deutsche Bank.

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