Memento Blockchain Partners with Deutsche Bank and Integrates with zkSync for Project Guardian
At Memento Blockchain, we are thrilled to announce our participation in The Monetary Authority of Singapore’s (MAS) Project Guardian, a collaborative initiative with policymakers and the financial industry aimed at testing the feasibility of asset tokenization applications in regulated financial markets.
Memento Blockchain — the technology partner of Deutsche Bank and the creator of Domani Protocol — will be contributing its expertise and innovative solutions to this groundbreaking project. This partnership builds upon the successful completion of a proof-of-concept project, known as Project DAMA (Digital Assets Management Access), which demonstrated the potential for a more efficient, secure, and flexible solution for digital fund management and investment servicing.
Embracing the Future of Blockchain
Our involvement in Project Guardian represents a significant milestone in Memento Blockchain’s journey. This collaborative initiative serves as a launchpad for us, granting us access to a diverse ecosystem of participants and allowing us to showcase our technological prowess and innovative solutions.
At the heart of our commitment to Project Guardian is our focus on delivering transformative solutions that address the evolving needs of the financial industry. By leveraging cutting-edge technologies and forging strategic partnerships, we are poised to redefine the landscape of digital asset management and DeFi.
Leveraging the Power of zkSync
Memento Blockchain — in a strategic partnership with zkSync — is making strides in the development of a ZK Chain — a fully customizable blockchain built using ZK Stack. We have chosen to build it on the remarkable foundations of zkSync, a scalable, highly secure and cost-efficient Layer 2 blockchain platform facilitating large scale adoption of Ethereum.
The decision to align with zkSync is driven by the platform’s exceptional scalability and the team’s unwavering commitment to revolutionizing blockchain technology. The advancements in recursive zero-knowledge (ZK) proofs, support for automatic recurring payments, and the integration of smart contracts have further solidified zkSync’s position as a leading player in the blockchain ecosystem.
The open-sourced code framework for zkSync’s ZK Stack, allows for horizontal scaling; spinning up blockchains like adding servers for the internet. This enables infinite scaling, through multiple natively interoperable ZK-powered blockchains, each processing thousands of transactions per second
Axelar Network Integration
Memento is also working with Axelar, a leading interoperability platform. This integration will enable and make tokens from diverse ecosystems available in and out of the hyperchain.
A New Era in Digital Asset Management
As we embark on this exciting journey with Project Guardian, Memento Blockchain is poised to redefine the future of digital asset management and DeFi. By leveraging cutting-edge technologies, forging strategic partnerships, and tapping into the expertise of industry leaders, we are committed to delivering innovative solutions that will drive the adoption and evolution of blockchain-powered finance.
Stay tuned for more updates as we continue to push the boundaries of what is possible in the world of digital assets and DeFi.
