Deutsche Bank's Project Dama 2 Aims to Enhance Regulatory Compliance with Ethereum Layer-2 Blockchain

Dec 18, 2024, 01:36 PM

Deutsche Bank, valued at $1.5 trillion and Germany's largest bank, is developing a Layer-2 blockchain on Ethereum using ZKsync technology as part of Project Dama 2. The initiative aims to address compliance challenges faced by regulated financial institutions, such as the risk of transacting with criminals or sanctioned entities. The project includes a trusted verifier mechanism and grants regulators special supervisory authority. A minimum viable product is expected in 2025, pending approval.