German banking giant Deutsche Bank AG is planning to leverage blockchain technology to deal with margin compression issues across the financial services sector. As a result, the bank has already started testing a platform based on the Ethereum network.
The platform provides digital services for tokenized funds via Project Guardian, an initiative by the Monetary Authority of Singapore. This project aims to explore the potential liquidity and efficiency advantages offered by blockchain technology.
Deutsche Bank Seeks to Address Margin Pressure
As passive investment products gain more traction in the market, fund managers encounter ongoing declines in fee revenue. According to a study conducted by the Boston Consulting Group, the average asset management fee dropped to 22 basis points in 2023, down from 25 basis points in 2015 and further 26 basis points in 2010.
Project Guardian stands as a joint initiative between policymakers and financial institutions aimed at investigating tokenizati
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