Today Deutsche Bank announced it will participate in Singapore’s Project Guardian which explores tokenization on public blockchains. Last year the bank completed a proof of concept for Project DAMA (Digital Assets Management Access), which was awarded a grant from the Monetary Authority of Singapore (MAS). Project Guardian already has 17 institutional participants, ten of whom are experimenting with asset and wealth management.
In addition to MAS, regulators from the UK (FCA), Switzerland (FINMA) and Japan (FSA) are also involved.
The first iteration of DAMA explored fund issuance and administration. The different participants, including the asset managers, transfer agents, and custodians, used a shared solution on a public blockchain. Like some other Project Guardian participants (Schroders, Apollo), DAMA also explored mass customization for asset managers.
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