Deutsche Bank Says Blockchains Can Help Weather Margin Pressure
- German lender is latest to enter Singapore’s Project Guardian
- Bank testing a platform offering services for tokenized funds
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The blockchain technology underlying the digital-asset sector provides an opportunity for banks to respond to the margin compression across financial services, according to Deutsche Bank AG.
The German lender recently began testing a platform based on the Ethereum network, crypto’s key commercial highway. The platform offers digital services for tokenized funds through Project Guardian, a Monetary Authority of Singapore initiative exploring potential liquidity and efficiency benefits from blockchains.