Deutsche Bank, Memento Blockchain, and Interop Labs, the developer of the Axelar Network, have jointly published a litepaper outlining Project DAMA 2, a proposed tokenization platform designed to facilitate the secure and compliant adoption of digital assets within institutional finance.The litepaper details a next-generation tokenization platform built on public blockchains, emphasizing regulatory alignment and privacy. Project DAMA 2 aims to accelerate the adoption and servicing of tokenized funds, stablecoins, and real-world assets (RWAs). It seeks to enable asset and wealth managers, token issuers, and investment advisors to create and service tokenized assets, distributing them securely and compliantly across connected blockchain ecosystems and financial networks. The project was recently recognized with an award for “Innovation in Smart Contract Technology” at Global Custodian’s 2025 Leaders in Custody Asia awards.The litepaper, which incorporates extensive research with potential asset issuers led by Deutsche Bank, details the unique design of DAMA 2. Key features include a Blockchain-as-a-Service model to minimize upfront investment, a user-friendly application interface layer with an app store for fund smart contract designs, and a privacy-enabled Layer 2 smart contract environment developed by Memento Blockchain. This environment, known as Memento ZK Chain, leverages zkSync’s ZK Chain technology. Additionally, the platform is designed for managed token issuance across multiple blockchains via the Axelar Network, a decentralized network facilitating secure interoperability across various blockchain and financial infrastructures.The publication arrives as an estimated $84 trillion in global wealth is projected to shift towards digital-native generations by 2045, according to Cerulli Associates, a wealth management research firm. This demographic is reportedly five times more likely than baby boomers to hold crypto or digital assets. DAMA 2 aims to bridge traditional financial systems and blockchain innovation by providing investment professionals with tools for token issuance, compliance, multi-chain distribution, and asset servicing, without requiring in-house blockchain development expertise.Boon-Hiong Chan, Innovation Lead, Securities & Technology Advocacy at Deutsche Bank, stated, “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. This litepaper explains the thinking behind a solution that the Project DAMA team has 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.”Sergey Gorbunov, co-founder of the Axelar protocol and CEO of Interop Labs, commented, “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. DAMA 2 will offer institutions a compliant path to enter the digital assets space and scale securely across all blockchains without limitation.” Interop Labs is the initial developer of Axelar Network, which focuses on blockchain interoperability.Nicola Lanteri, CEO of Memento Blockchain, a blockchain development company specializing in DeFi and digital asset management, added, “The future of digital asset servicing demands infrastructure that is not only scalable, but inherently compliant and interoperable. 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 Memento ZK Chain uses Prividium technology and offers features like access controls and a private block explorer.The DAMA 2 Minimum Viable Product (MVP) launch is targeted for the second half of 2025.