Deutsche Bank launches Layer 2 blockchain network based on ZKsync technology

Odaily reports that the German financial giant Deutsche Bank is developing an Ethereum Layer 2 blockchain network based on ZKsync technology. The project aims to address the compliance challenges of public blockchains in regulated finance by improving transaction efficiency and strengthening regulatory compliance. This development is part of the Project Guardian initiative led by the Monetary Authority of Singapore (MAS), and Deutsche Bank's L2 network is named Project Dama 2. The project brings together 24 financial institutions to explore the potential of blockchain asset tokenization.