The advantages of a Layer 2 on Ethereum are numerous: faster transactions, lower costs, and better compliance with financial rules.
Deutsche Bank, Germany's largest bank, is working on integrating a second-layer blockchain on Ethereum as part of its regulatory compliance initiative. The project, dubbed Dama 2, will see the bank leverage ZKsync technology to optimize transactions on Ethereum and reduce their costs and slowness. The goal is to provide a secure framework for financial institutions to approach decentralization without taking risks. This initiative is part of Project Guardian, an initiative by the Monetary Authority of Singapore to explore the possibilities of asset tokenization via blockchain. The partnership brings together 24 financial institutions to test and integrate innovative solutions. If Deutsche Bank succeeds in its bet, it could become a model to follow for other finance giants, showing that it is possible to combine decentralization and strict regulation.
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