Use cases built for regulated digital asset markets.

Project DAMA 2

Project DAMA 2, part of MAS Project Guardian

Deutsche Bank AG Singapore and Memento join Project Guardian to explore asset tokenization applications.

As part of the Asset & Wealth Management workstream, Project DAMA 2 features the development of an open architecture and interoperable zero-knowledge Layer 2 blockchain, Memento ZK Chain, to service tokenized and digital funds.

The ZK Chain leverages the ZKsync ZK Stack, a robust, modular and secure framework of ZK-powered components.

Project DAMA 2 has been officially unveiled to the public during the Singapore Fintech Festival on 6th November 2024.

UPDATE: Project DAMA 2 Interim Report has been published on 17th June 2025.

Project DAMA

Project DAMA

Project DAMA, Digital Assets Management Access, is a proof of concept developed by Memento and Deutsche Bank AG Singapore to demonstrate how a permissioned, or governed, investment servicing platform can facilitate the management of digital funds that invest in digital assets, including tokenized securities.

Memento provided the technical and implementation expertise, Deutsche Bank shared functional requirements, and both parties collaborated on the platform’s design.

DEXTF Protocol

DEXTF protocol - Rebalancing

In this POC, Memento investigated how it is possible to create a new type of fund token that gives the fund manager the possibility to periodically change the allocation of the component tokens, resolving the rebalancing problem.

DEXTF Protocol

DEXTF protocol - Custody

This proposal presented the DEXTF protocol, a secure, scalable and peer-to-peer solution for digital asset management on blockchain. The focus of this POC was to develop a specific application of the DEXTF protocol for Family Offices, aiming to connect clients owning cryptocurrencies with the investment team of Family Offices authorized to provide investment management services.