CandleFocus Deutsche Bank Teaming Up With This Binance-Listed Altcoin To Build Its Own Blockchain
2024-12-20
Author: Content Editor
Deutsche Bank is collaborating with Interop Labs to develop DAMA 2, a Layer 2 network based on ZKsync technology. The project, part of Project Guardian led by the Monetary Authority of Singapore, aims to improve transaction efficiency and regulatory oversight in regulated finance. DAMA 2 leverages Memento Blockchain's ZKchain and Axelar's cross-chain interoperability solutions to simplify multi-chain fund allocation for asset managers. The integration of off-chain assets with the on-chain ecosystem is intended to bridge the gap between traditional financial systems and blockchain technology.
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