Project DAMA 2, part of MAS Project Guardian May 2024

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

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

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

Interop Labs , the initial developer of the Axelar network, will also join the project’s efforts.

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


Project DAMA January 2023

Project DAMA (Digital Assets Management Access) is a proof of concept (POC) developed by Memento Blockchain and Deutsche Bank AG Singapore to demonstrate how a permissioned – or governed – investment servicing platform can facilitate the management of digital funds that are investing in digital assets (i.e., tokenised securities). Memento provided the technical and implementation expertise, Deutsche Bank shared functional requirements, and both parties collaborated together on the platform’s design.

Winner of multiple awards:

GC Global Custodian's award for "Innovation in Fund Investment Servicing"

The Asset The Asset's Triple A award for "Sustainable Investing"


DEXTF protocol - Rebalancing December 2020

In this POC we want to investigate how it is possible to create a new type of fund tokens that give the possibility to the fund manager to periodically change the allocation of the component tokens - resolving the Rebalancing problem.


DEXTF protocol - Custody January 2020

In this proposal, we are delighted to present the DEXTF protocol, a secure, scalable and peer-to-peer solution for digital asset management on blockchain. The focus of this POC is to develop a specific application of the DEXTF protocol to Family Offices which aims to directly connect clients owning cryptocurrencies with the investment team of Family Offices (who are authorized to provide investment management services)