Deutsche Bank unveils Ethereum-based asset tokenization platform 'DAMA 2' with Axelar and Memento

Global financial firm Deutsche Bank, in collaboration with Axelar Network and Memento Blockchain, announced on the 18th the unveiling of DAMA 2 (Digital Asset Management Access), an Ethereum-based enterprise asset tokenization platform.

DAMA 2 is an asset tokenization platform developed with regulatory compliance and user privacy protection as core design principles based on a public blockchain. It is designed to accelerate the introduction of tokenized funds, stablecoins, and real-world asset (RWA) tokenization-related services.

The core service is a BaaS (Blockchain-as-a-Service) model that enables enterprises to seamlessly adopt asset tokenization. Security and confidentiality are enhanced through Memento Blockchain's ZK (Zero-Knowledge) technology, and the multi-chain token issuance and management infrastructure of Axelar allows asset tokenization to be implemented across various blockchains.

Additionally, it offers a user-friendly interface and an app store-style smart contract library, enabling institutions to easily design and apply desired asset structures without complex development processes.

Boon-Hiong Chan, innovation leader at Deutsche Bank's Securities and Technology division, stated, "DAMA 2 demonstrates the evolution of public blockchain for corporate finance, showing how leading-edge technologies can achieve operational resilience and regulatory goals through a single platform."

Sergey Gorbunov, co-founder of Axelar Network, explained, "Asset tokenization is now moving beyond the experimental phase into real-world use. However, the proliferation of companies providing related services and the fragmentation of asset liquidity remain obstacles for both investors and asset issuers. DAMA 2 provides a unified solution that enables institutions to enter the asset tokenization market in compliance with regulations, while allowing secure and scalable operations across all blockchains."