ZKsync reposted this
Deutsche Bank, one of the worlds largest banks is building their own Layer 2 on top of Ethereum powered by @zksync Why build your own L2? Institutions clearly see the benefits of tokenization and moving onto blockchain rails: ✅ Reduced costs ✅ Increased accessibility ✅ Real-time settlement ...but there are still hurdles they have to overcome. An L2 powered by ZKsync gives Deutsche Bank the flexibility it needs to be able to start moving onchain, with their own rules. This specific L2 will be used for tokenized fund management, both fully onchain as well as hybrid funds Why ZKsync? It really just comes down to this: They can access Ethereum liquidity and markets but with rules that they are comfortable with and the performance they require ✅ No additional trust requirements for for partner institutions and fund managers. All transactions are validated with ZK ✅ Don't have to worry about commingling funds or transactions with bad actors or sanctions lists since they control who can transact on their L2 ✅ Gives them an environment that they can build trust with their regulators on and give them "super access rights" ✅ Tech that performs at the scale of a global institution. High throughput, low fees This won't be the first major institution that starts to move onchain and it certainly won't be the only one being powered by ZKsync