Germany’s Deutsche Bank is set to address compliance hurdles associated with public blockchain technology through the development of a Layer 2 protocol. Announced as part of Project Dama 2, this initiative will integrate blockchain efficiency with regulatory requirements, bridging traditional financial services (TradFi) and decentralized technology.
Germany’s Deutsche Bank Develops Layer 2 to Enhance Blockchain Efficiency
According to a recent Bloomberg report, Deutsche Bank has introduced Project Dama 2, an innovative solution to improve the compliance and efficiency of blockchain technology. The initiative is part of the Monetary Authority of Singapore’s (MAS) Project Guardian, which encourages financial institutions to explore asset tokenization.
Project Dama 2 incorporates Layer 2 protocol designed to operate and impact public blockchains like Ethereum. By leveraging ZKsync technology, the solution will reduce transaction costs and improve efficiency, aligning blockchain oper
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