DAMA 2, a new platform created with the purpose of connecting traditional finance with the blockchain technology, has been launched. The platform gives investment professionals the powerful, yet simple to use, tools to quickly issue tokens, manage compliance, distribution across multiple blockchains and tokenized asset servicing. This makes it unnecessary to have any in-house blockchain development expertise. Built on the ZKsync Stack, DAMA 2 runs on Prividium technology. Supported by industry titans such as Binance, Coinbase, Dragonfly, Galaxy and Polychain, it provides a privacy-enabled Layer 2 smart contract environment. DAMA 2 was created in collaboration with Memento Blockchain and zkSync. It’s intended to provide institutions with a compliant and scalable gateway into the digital asset ecosystem. While development continues, a launch of MVP mainnet is currently aimed at the latter half of 2025.
DAMA 2 has been designed to simplify adoption of digital fund management by allowing users to use workflows they are accustomed to and reducing the learning curve. You can read the DAMA 2 litepaper now at the Axelar website. That document provides additional information on the platform’s architecture and expected capabilities.
Addressing Institutional Needs in Digital Assets
Ideated and developed specifically to solve institutional investors’ unique needs within the fast-moving digital asset space, DAMA 2 stands apart. DAMA 2 provides a comprehensive, compliant, and secure environment to… This policy direction reduces the barriers for institutions interested in experimenting with tokenization and other blockchain-based financial products.
The platform not only offers a unique set of tools and services. These features combined make the entire management of digital assets—from issuance to distribution to servicing—tremendously more efficient. DAMA 2 simplifies and automates the complicated, technical, intricate tasks associated with blockchain technology. This lets investment professionals focus on what they do best.
DAMA 2 is supported by major players in the industry, including Binance, Coinbase, Dragonfly, Galaxy, and Polychain. Their continued support is a testament to the importance of bringing institutional-grade infrastructure that the digital asset market deserves and expects. Their support brings credibility and capacity to continue developing and scaling the platform.
Technology and Architecture
Built on the ZKsync Stack and leveraging Prividium technology, DAMA 2 offers a privacy-enabled Layer 2 smart contract environment. This architecture is key to delivering the security, scalability, and compliance that institutional investors demand.
With ZKsync’s ZK Chain technology, in collaboration with Memento Blockchain, DAMA 2 is equipped to handle millions of transactions effortlessly. This joint advocacy strengthens the protection of data privacy. This is especially critical for institutions that must adhere to stringent regulatory guidelines concerning data security.
"By anchoring DAMA 2 on this ZK-powered layer, we provide the deterministic control institutions need—while preserving the openness, modularity, and composability of public blockchain ecosystems,” - Nicola Lanteri, CEO of Memento Blockchain.
The platform as a whole can continue to scale securely across any and all blockchains indefinitely. This standout feature allows institutions to easily interact with and manage their assets across public and private blockchain networks.
Industry Support and Future Outlook
DAMA 2 has received endorsements from heavy hitters in the traditional finance and blockchain spaces. Sergey Gorbunov, co-founder of the Axelar protocol and CEO of Interop Labs, has written robustly in support of the platform’s vision. So has Boon-Hiong Chan, Innovation Lead at Deutsche Bank.
"DAMA 2 represents how public chains have evolved for institutional finance’s use, and how leading applied technologies can meet operational resilience and regulatory goals via one platform," - Boon-Hiong Chan, Innovation Lead, Securities & Technology Advocacy at Deutsche Bank.
"The future of digital asset servicing demands infrastructure that is not only scalable, but inherently compliant and interoperable," - Nicola Lanteri, CEO of Memento Blockchain.
Packed with new features, the targeted first “MVP” mainnet launch in the second half of 2025 will mark a historic milestone for DAMA 2. These are good signals, though the platform continues to evolve and attract institutional partners. This increase has the potential to greatly accelerate the adoption of digital assets by traditional finance’s incumbents.
"Our efforts prove that using powerful technologies to create business value doesn’t have to involve unnecessary user complexity nor tradeoffs with compliance” - No Name
