Deutsche Bank Singapore has developed a tokenized fund project with Memento Blockchain and Interop Labs, the founder of Axelar Network’s blockchain interoperability protocol. The collaboration, which began several years ago, recently produced an interim Lite paper outlining their DAMA 2 (Digital Assets Management Access) initiative within Singapore’s Project Guardian sandbox.
The project tackles fundamental barriers that have hindered blockchain adoption in asset management, with usability emerging as the central objective. The team has focused on resolving privacy concerns, transaction finality issues, blockchain fragmentation, and the complexity of cryptocurrency mechanics like gas fees.
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