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Deutsche Bank develops Ethereum L2 solution to improve financial compliance

Deploying Ethereum Layer-2 solution: Deutsche Bank is creating a Layer-2 (L2) blockchain solution that utilizes ZKsync technology. This addresses compliance issues and enhances security for financial institutions utilizing Ethereum, paving the way for expanded adoption in finance.

Partnership and asset tokenization: Under Project Dama 2, Deutsche Bank collaborates with 24 financial institutions as part of Singapore’s Project Guardian. This initiative focuses on asset tokenization while ensuring compliance with financial regulations and oversight.

Expected launch and regulatory support: The blockchain platform aims for a 2025 launch, contingent on regulatory approvals. The L2 solution offers faster, more cost-effective transactions, empowering Deutsche Bank to select trusted validators to mitigate risks from banned entities.

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