Project DAMA

Project DAMA

This article is a summary of Cointelegraph’s article: “Deutsche Bank completes trial of tokenized investment platform”

Deutsche Bank Singapore and Memento Blockchain have completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), aimed at facilitating the management of digital funds invested in tokenized securities.

Asset managers can create a digital asset fund with a unique, non-transferable soulbound token (SBT) and launch a direct fiat-to-digital on-ramp for users. Institutional investors can then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace.

A trust anchor keeps Know Your Customer (KYC) checks and accompanying documents off-chain, while the SBT is used to verify the identity of the wallet owner and restrict access to services or products that do not match their risk tolerance or experience. The SBT also enables institutional investors to invest in a fund by providing collateral to mint and receive tokenized shares of the underlying digital investment fund of choice. This can then be swapped via a built-in digital marketplace for digital assets. Asset managers can create tokenized funds using one-window on Ethereum testnets, involving a variety of strategies, such as DeFi staking.

You can read the full Project DAMA report here.

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