Deutsche Bank Partners with AI Firm to Advance Tokenised Fund Services
Deutsche Bank has entered a strategic collaboration with Singapore-based AI firm finaXai to enhance Project DAMA 2, a multi-chain asset servicing pilot aimed at streamlining the management of tokenised funds. The partnership leverages academic expertise from Nanyang Technological University and the National University of Singapore, focusing on integrating machine learning and large language models into asset servicing workflows.
The initiative, supported by the Asian Institute of Digital Finance, seeks to improve transparency and efficiency in fund lifecycle activities. "We are delighted to work with a diverse mix of experts from the academic and innovation worlds," said Anand Rengarajan, Deutsche Bank’s Head of Securities Services APAC & MEA.
