Deutsche Bank, Axelar and Memento Blockchain's DAMA 2 Litepaper Delivers an Institutional Blueprint for Asset Tokenization and Servicing on Ethereum L2

Blockchain-as-a-Service model supports privacy technology on public blockchain components for a compliant, risk-balanced approach that accelerates time to market for asset issuers

Deutsche Bank, Memento Blockchain and Axelar Network developer Interop Labs today published a litepaper describing the Digital Asset Management Access (DAMA) 2 project in detail. The paper provides a blueprint for a next-generation tokenization platform, built on public blockchains with regulatory alignment and privacy as core design principles.

Designed to accelerate the adoption and servicing of tokenized funds, stablecoins and other real-world assets (RWAs), the platform will enable asset and wealth managers, token issuers, and investment advisors to easily create and service tokenized assets, distributing them securely and compliantly across connected blockchain ecosystems and financial networks. Project DAMA 2 was recently recognized in Global Custodian’s 2025 Leaders in Custody Asia awards, for “Innovation in Smart Contract Technology.”

The litepaper captures extensive research with potential asset issuers, led by Deutsche Bank, and lays out the unique design of DAMA 2, including:

• Blockchain-as-a-Service model that minimizes up-front investment.
• User-friendly application interface layer with an app store to access fund smart contract designs.
• Privacy-enabled Layer 2 smart contract environment, built by Memento Blockchain with zkSync’s ZK Chain technology.
• Managed token issuance across multiple blockchains via Axelar Network.

As $84 trillion in global wealth shifts toward digital-native generations by 2045 (according to Cerulli Associates, a wealth management research firm), the litepaper arrives at a critical moment, offering a clear framework for tapping into a demographic that is five times more likely than baby boomers to hold crypto or digital assets. DAMA 2 aims to close the gap between traditional financial systems and blockchain innovation, giving investment professionals easy-to-use tools for token issuance, compliance, multichain distribution and asset servicing, without in-house blockchain development expertise.

“DAMA 2 represents how public chains have evolved for institutional finance’s use, and how leading applied technologies can meet operational resilience and regulatory goals via one platform,” said Boon-Hiong Chan, Innovation Lead, Securities & Technology Advocacy at Deutsche Bank. “This litepaper explains the thinking behind a solution that the Project DAMA team have designed to enable familiar workflows and eliminate long learning curves to help digital fund management adoption. Our efforts prove that using powerful technologies to create business value doesn’t have to involve unnecessary user complexity nor tradeoffs with compliance.”

“Tokenization is moving out of the sandbox and into production, but challenges still remain—from vendor sprawl to siloed liquidity across blockchains—which create barriers for both investors and asset issuers,” said Sergey Gorbunov, co-founder of Axelar protocol and CEO of Interop Labs. “DAMA 2 will offer institutions a compliant path to enter the digital assets space and scale securely across all blockchains without limitation.”

“The future of digital asset servicing demands infrastructure that is not only scalable, but inherently compliant and interoperable,” said Nicola Lanteri, CEO of Memento Blockchain. “Memento ZK Chain is purpose-built as a Layer 2 solution on Ethereum, leveraging zero-knowledge proofs and a permissioned sequencer to enable confidential, institution-grade fund issuance. By anchoring DAMA 2 on this ZK-powered layer, we provide the deterministic control institutions need—while preserving the openness, modularity and composability of public blockchain ecosystems.”

The DAMA 2 MVP launch is targeted for the second half of 2025. Read the full litepaper here.

About Axelar Network

Axelar is a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3—critical for the next wave of institutional-grade use cases. With backing from top-tier investors including Dragonfly, Polychain, Binance Labs and Coinbase Ventures, Axelar is enabling the next generation of financial infrastructure: from multichain stablecoins to tokenized real-world assets (RWAs), built with security, compliance and enterprise scale in mind. Learn more at axelar.network.

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

About Interop Labs

Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar Network. Learn more at interoplabs.io.

About Memento Blockchain

Memento Blockchain is a pioneering blockchain development company dedicated to providing innovative solutions for the evolving financial landscape. Specializing in decentralized finance (DeFi), digital asset management, and blockchain infrastructure, Memento Blockchain works closely with financial institutions, enterprises, and developers to create customized blockchain products that deliver security, scalability, and flexibility. Its contributions to projects like Project DAMA (recipient of innovation awards) and partnerships with major global institutions such as Deutsche Bank highlight our partnership role in driving the adoption of blockchain technology across various use cases. Learn more at mementoblockchain.com.

About Memento ZK Chain

The Memento ZK Chain is a cutting-edge blockchain solution designed specifically for institutional DeFi and digital asset management. Built on the ZKsync Stack, using the latest Prividium technology, an enterprise-grade blockchain platform for secure, compliant on-chain finance. It comes with access controls, private RPC, private block explorer and permissioned ledger anchored to Ethereum L1.

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