Deutsche Bank works on standardized protocols for asset tokenization
The bank is looking at its role as an asset servicer to ensure the safety of tokenized assets and investor protection. It plans to have a limited prototype by November.
Deutsche Bank is working “backwards” in order to propose standardized protocols that will eventually facilitate the adoption of tokenized assets. In May, it joined Project Guardian, an initiative by the Monetary Authority of Singapore that seeks to enhance the liquidity and efficiency of financial markets through asset tokenization.
“If I can work backwards, the goal is to propose standardized protocols for smart contracts to facilitate adoption [of tokenized assets],” says Boon-Hiong Chan, Asia
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