Deutsche Bank launches institutional tokenization stack to accelerate regulated funds.

Gate News bot message, Deutsche Bank, Memento Blockchain, and Interop Labs released a condensed White Paper on June 17, outlining the plans for Digital Asset Management Channel 2 (DAMA 2), which is a tokenization platform designed to operate on a public Blockchain and facilitate the issuance of regulated funds.

According to the White Paper, DAMA 2 will link three layers: Ethereum (ETH) will serve as the settlement base, the Memento Blockchain based on ZKsync's second layer will use zero-knowledge privacy protection measures to process transactions, and the top-level interface will provide an application store with ready-made fund smart contract templates.

This concept is known as "Blockchain as a Service," allowing issuers to launch products without the need to establish a protocol team.

To support cross-chain activities, DAMA 2 will integrate the Interchain Token Service of Axelar Network, enabling interoperability with over 70 blockchains. This multi-chain setup will provide issuers with a unified control panel for cross-network locking, minting, and burning of tokens while maintaining the interchangeability of the tokens.

This simplified White Paper confirms Deutsche Bank's earlier initiative, which was first reported on December 17 last year, aimed at addressing regulatory barriers associated with public Blockchain, using ZKsync technology to reduce costs and improve efficiency. Partners expect to launch a minimum viable product in the second half of 2025, but a specific release date has not yet been determined.