Deutsche Bank Unveils DAMA 2 Tokenization Platform to Accelerate Regulated Fund Issuance

The initiative aims to streamline fund launches by providing a Blockchain-as-a-Service model, eliminating the need for issuers to develop complex protocol teams.

When @DeutscheBank co-develops a blockchain, you know it’s different!

Memento ZK Chain isn’t just another @ethereum L2—it’s the institutional-grade infrastructure TradFi has been waiting for! 🏛️

Well-positioned for the $84T market opportunity 🔥 $DEXTF https://t.co/qn7G9h7qA7

— Memento (@Memento_Bc) June 18, 2025

DAMA 2 integrates three key layers: Ethereum serves as the settlement base layer, Memento Blockchain’s ZKsync-based layer-2 handles transactions with zero-knowledge privacy features, and a top-layer interface offers an app store with ready-made smart contract templates for funds. This structure ensures efficient, secure, and privacy-preserving transactions.

To enable seamless cross-chain operations, DAMA 2 incorporates Axelar Network’s Interchain Token Service, which supports interoperability across more than 70 blockchains. This multichain approach enables issuers to manage token locking, minting, and burning through a unified dashboard, while maintaining token fungibility.

Boon-Hiong Chan, Deutsche Bank’s innovation lead for securities, highlighted DAMA 2 as evidence of the maturation of public blockchains for institutional finance, emphasising the importance of familiar workflows and ease of adoption. Meanwhile, Axelar co-founder Sergey Gorbunov described the platform as a compliant gateway for institutions to enter and scale in the digital asset space, addressing issues such as vendor fragmentation and liquidity isolation.

Memento Blockchain’s CEO Nicola Lanteri explained that the planned Memento ZK Chain combines permissioned sequencers with zero-knowledge proofs, offering institutions predictable control without sacrificing blockchain openness.

The partners plan to release a minimum viable product in the second half of 2025. DAMA 2 is positioned to help asset managers tap into the projected $84 trillion intergenerational wealth transfer by 2045, targeting digital-native investors with a compliant, efficient tokenization solution.

Meanwhile, Top executives from JPMorgan Chase recently met with the U.S. Securities and Exchange Commission’s Crypto Task Force to explore the evolving regulatory landscape for digital assets and assess the implications of capital markets transitioning to public blockchains.

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