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Will Project Dama 2 face significant regulatory challenges by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from financial news outlets or Deutsche Bank statements
Story
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.
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European Central Bank • 25%
BaFin (Germany) • 25%
US SEC • 25%
Other • 25%
Most regulations upheld • 33%
Most regulations overturned • 33%
Mixed outcomes • 34%
Yes • 50%
No • 50%
ZKsync • 25%
Ethereum Foundation • 25%
IBM • 25%
Other • 25%
