{"id":33776,"date":"2024-12-19T19:00:30","date_gmt":"2024-12-19T16:00:30","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33776"},"modified":"2024-12-19T14:20:43","modified_gmt":"2024-12-19T11:20:43","slug":"deutsche-bank-is-developing-an-l2-blockchain-on-ethereum","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/deutsche-bank-is-developing-an-l2-blockchain-on-ethereum\/","title":{"rendered":"Deutsche Bank is developing an L2 blockchain on Ethereum"},"content":{"rendered":"<p class=\"p1\">Germany&#8217;s largest bank, Deutsche Bank, is developing a layer 2 (L2) blockchain on Ethereum using ZKsync technology to enhance compliance in the regulated financial sector.<\/p>\n<p class=\"p1\"><b>Project Dama 2<\/b><\/p>\n<p class=\"p1\">This initiative is part of Deutsche Bank&#8217;s &#8220;Project Dama 2,&#8221; designed to integrate directly with Ethereum. The primary goal is to improve transaction efficiency while strengthening regulatory measures.<\/p>\n<p class=\"p1\"><b>Potential Impact on the Financial Sector<\/b><\/p>\n<p class=\"p1\">Deutsche Bank&#8217;s solution aims to minimize risks such as interactions with sanctioned assets by providing regulators with special audit rights. The platform is designed to combine blockchain transparency with financial compliance requirements.<\/p>\n<p class=\"p1\">If successful, Deutsche Bank&#8217;s approach could lead the financial sector to engage more deeply with decentralized networks. However, regulatory approvals will be a critical step for the platform&#8217;s launch as a minimum viable product (MVP) in 2025.<\/p>\n<p class=\"p1\"><b>Why Choose Layer-2 Blockchain Technology?<\/b><\/p>\n<p class=\"p1\">Layer 2 blockchains operate atop main networks (layer 1) like Ethereum, offering faster and cheaper transactions. Additionally, they enhance the auditability of financial transactions with regulatory tools like &#8220;super admin rights.&#8221;<\/p>\n<p class=\"p1\"><b>Partnership with Crypto.com<\/b><\/p>\n<p class=\"p1\">On December 10, Deutsche Bank partnered with Crypto.com to provide institutional banking services in the Asia-Pacific region. This partnership will offer fiat-to-crypto exchange and trading services in areas like Singapore, Australia, and Hong Kong.<\/p>\n<p class=\"p1\">The German bank has also announced plans for future partnerships in the UK and other European countries.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s largest bank, Deutsche Bank, is developing a layer 2 (L2) blockchain on Ethereum using ZKsync technology to enhance compliance in the regulated financial sector. Project Dama 2 This initiative is part of Deutsche Bank&#8217;s &#8220;Project Dama 2,&#8221; designed to integrate directly with Ethereum. The primary goal is to improve transaction efficiency while strengthening regulatory<\/p>\n","protected":false},"author":23,"featured_media":32797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10],"tags":[192,2147,105,5329],"class_list":["post-33776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","tag-blockchain","tag-deutsche-bank","tag-ethereum","tag-l2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Deutsche Bank is developing an L2 blockchain on Ethereum - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/deutsche-bank-is-developing-an-l2-blockchain-on-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deutsche Bank is developing an L2 blockchain on Ethereum - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Germany&#8217;s largest bank, Deutsche Bank, is developing a layer 2 (L2) blockchain on Ethereum using ZKsync technology to enhance compliance in the regulated financial sector. Project Dama 2 This initiative is part of Deutsche Bank&#8217;s &#8220;Project Dama 2,&#8221; designed to integrate directly with Ethereum. The primary goal is to improve transaction efficiency while strengthening regulatory\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/deutsche-bank-is-developing-an-l2-blockchain-on-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-19T16:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-19T11:20:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/ethereum.ce_-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Orhan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Orhan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/deutsche-bank-is-developing-an-l2-blockchain-on-ethereum\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/deutsche-bank-is-developing-an-l2-blockchain-on-ethereum\/\",\"name\":\"Deutsche Bank is developing an L2 blockchain on Ethereum - 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