DAMA 2 litepaper - institutional blueprint for asset tokenisation and servicing on Ethereum layer 2

Deutsche Bank, Memento Blockchain and Axelar Network developer Interop Labs today published a litepaper describing the Digital Asset Management Access (DAMA) 2 project in detail. The paper provides a blueprint for a next-generation tokenisation platform, built on public blockchains with regulatory alignment and privacy as core design principles.

Designed to accelerate the adoption and servicing of tokenised funds, stablecoins and other real-world assets (RWAs), the platform will enable asset and wealth managers, token issuers and investment advisors to easily create and service tokenised assets, distributing them securely and compliantly across connected blockchain ecosystems and financial networks.

The litepaper captures extensive research with potential asset issuers, led by Deutsche Bank, and lays out the unique design of DAMA 2, including:

• Blockchain-as-a-Service model that minimizes up-front investment.
• User-friendly application interface layer with an app store to access fund smart contract.
• Privacy-enabled Layer 2 smart contract environment, built by Memento Blockchain with zkSync’s ZK Chain technology.
• Managed token issuance across multiple blockchains via Axelar Network.

As USD 84 trillion in global wealth shifts toward digital-native generations by 2045, the litepaper arrives at a critical moment, offering a clear framework for tapping into a demographic that is five times more likely than baby boomers to hold crypto or digital assets. DAMA 2 aims to close the gap between traditional financial systems and blockchain innovation, giving investment professionals easy-to-use tools for token issuance, compliance, multichain distribution and asset servicing, without in-house blockchain development expertise.

“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,” said Boon-Hiong Chan, Innovation Lead, Securities & Technology Advocacy at Deutsche Bank.

“This litepaper explains the thinking behind a solution that the Project DAMA team have 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.”

“Tokenisation 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,” said Sergey Gorbunov, co-founder of Axelar protocol and CEO of Interop Labs. “DAMA 2 will offer institutions a compliant path to enter the digital assets space and scale securely across all blockchains without limitation.”

“The future of digital asset servicing demands infrastructure that is not only scalable, but inherently compliant and interoperable,” said Nicola Lanteri, CEO of Memento Blockchain. “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 DAMA 2 MVP mainnet launch is targeted for the second half of 2025. Read the full litepaper here.

Deutsche Bank Media Relations:

Kate Fields

Phone: +852 2203 5094

Email: kate.fields@db.com