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<a href="https://optimisus.com/news/crypto-news/deutsche-bank-questions-tethers-stability-and-transparency-in-new-stablecoin-report/" rel="noopener noreferrer nofollow">Deutsche Bank</a> has launched a new Layer-2 blockchain solution called Project Dama 2, designed to address compliance challenges linked to public blockchains in traditional finance.This project is part of the Monetary Authority of Singapore’s (MAS) Project Guardian. It brings together major financial institutions to look into using blockchain technology for asset tokenization.Project Dama 2 improves current public blockchains like Ethereum by prioritizing cost efficiency, security, and following regulations. It uses selected validators that follow strict rules, reducing risks from dealing with unverified or banned parties. The protocol uses advanced technologies like ZKsync to make transactions faster and more secure.This solution includes &#34;super admin rights&#34; for regulators, enabling them to monitor transactions clearly when needed. This feature combines the benefits of blockchain, like scalability and interoperability, with the needed regulations, making a safe and efficient space for financial institutions.Public blockchains could change finance a lot, but traditional institutions are careful because of compliance risks, such as issues from hard forks. Deutsche Bank&#39;s L2 framework tackles these issues while keeping a clear transaction record separate from the main Layer-1 blockchain.Project Dama 2, created with Memento Blockchain Pte. and Interop Labs, aims to connect traditional finance with decentralized systems. It provides a tailored compliance method and takes advantage of blockchain&#39;s scalability and cost-saving features.Boon-Hiong Chan, who leads innovation at <a href="https://optimisus.com/news/blockchain-news/polygon-partners-with-deutsche-telekom-to-boost-blockchain-adoption/" rel="noopener noreferrer nofollow">Deutsche Bank</a> for the Asia-Pacific region, highlights that public blockchains can offer major benefits if compliance risks are handled well. If regulators give the green light, Deutsche Bank aims to roll out a basic version of Dama 2 next year, which could establish new benchmarks for compliance and innovation in finance.

Deutsche Bank unveils a cutting-edge Layer-2 blockchain to tackle compliance challenges

Optimisus

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