Summary
- Deutsche Bank has announced that it is developing an Ethereum L2 blockchain based on ZKsync.
- It is likely to be released next year in a minimum viable product format, aiming to solve the problems faced by financial institutions.
- Regulatory approval is required, and Project Dama 2, which includes oversight authority, is attracting attention from investors.
Germany's largest bank, Deutsche Bank, is reportedly developing an Ethereum Layer 2 blockchain.
According to Bloomberg on the 17th (local time), Deutsche Bank is developing an Ethereum L2 blockchain based on ZKsync. If approved by regulators, Project Dama 2, which includes this blockchain, is expected to launch next year in a minimum viable product format.
Chan Bunyong, Head of Industry Application Innovation for Asia-Pacific at Deutsche Bank, stated, "We are working to address the issues financial institutions face when using public blockchains," adding, "We will grant regulators special oversight authority to address the risks of transactions with criminals or sanctioned entities."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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