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Blockchains Can Help Combat Margin Pressure: Deutsche Bank
Deutsche Bank AG, a leading banking institution based in Germany, has recognized the potential of blockchain technology. Notably, the banking institution aims to address margin compression across the financial services industry.
As per a report from Bloomberg, Deutsche Bank has begun testing on a platform based on the Ethereum network.
It is important to note that the platform is designed to offer digital services for tokenized funds under Project Guardian, an initiative led by the Monetary Authority of Singapore (MAS) to explore the benefits of blockchain tech in enhancing liquidity and efficiency.
Anand Rengarajan, Deutsche Bank’s Asia-Pacific and Middle East head of securities services and global head of sales, said that blockchain tech can be of substantial benefit in combating marginal compressing, adding:
“It will help us stay relevant, because with the kind of margin compression impacting th
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