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Memento Blockchain has announced its 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 tokenisation 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.

Memento Blockchain: Embracing the Future

Memento Blockchain’s involvement in Project Guardian represents a significant milestone in the company’s journey. This collaborative initiative serves as a launchpad, granting the firm access to a diverse ecosystem of participants and allowing it to showcase its technological prowess and innovative solutions.

At the heart of Memento Blockchain’s commitment to Project Guardian is its focus on delivering transformative solutions that address the evolving needs of the financial industry. By leveraging cutting-edge technologies and forging strategic partnerships, the company is 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 customisable blockchain built using ZK Stack. The company chose 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 Memento team’s unwavering commitment to revolutionising 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.

As Memento embarks on this exciting journey with Project Guardian, it 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, it is committed to delivering innovative solutions that will drive the adoption and evolution of blockchain-powered finance.

Stay tuned for more updates as Memento continues to push the boundaries of what is possible in the world of digital assets and DeFi.

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