Deutsche Bank collaborates with finaXai
27 March 2025 Singapore
Image: stock.adobe.com/tanarch
Deutsche Bank has collaborated with Singaporean AI start-up finaXai to explore tokenised funds servicing.
The collaboration will consider a significant extension of Project DAMA 2, the public-permissioned multichain asset servicing pilot. The pilot focuses on the transformation of how asset managers can more efficiently manage and service tokenised funds.
The collaboration will also explore how to integrate machine learning and large language models into asset servicing workflows.
Anand Rengarajan, Deutsche Bank’s head of Securities Services for APAC and MEA and global head of sales, says: “Through this collaboration, we unify leading research-backed solutions with industry applications to reduce complexity and boost AI’s explainability and integration with distributed ledger technology. With this work, we seek to better understand and anticipate our asset manager clients’ needs as they explore the future of tokenisation.”
Dr. Erik Cambria, co-founder of finaXai, adds: “This collaboration bridges academic research with real-world applications and explores how explainable AI can converge with tokenisation to streamline processes and enhance the accessibility, adoption, and management of digital assets.
“Ultimately, this initiative lays the groundwork for synergies between trustworthy AI and asset managers, enabling faster, more precise planning and execution of digital asset and fund lifecycle activities.”
The collaboration will consider a significant extension of Project DAMA 2, the public-permissioned multichain asset servicing pilot. The pilot focuses on the transformation of how asset managers can more efficiently manage and service tokenised funds.
The collaboration will also explore how to integrate machine learning and large language models into asset servicing workflows.
Anand Rengarajan, Deutsche Bank’s head of Securities Services for APAC and MEA and global head of sales, says: “Through this collaboration, we unify leading research-backed solutions with industry applications to reduce complexity and boost AI’s explainability and integration with distributed ledger technology. With this work, we seek to better understand and anticipate our asset manager clients’ needs as they explore the future of tokenisation.”
Dr. Erik Cambria, co-founder of finaXai, adds: “This collaboration bridges academic research with real-world applications and explores how explainable AI can converge with tokenisation to streamline processes and enhance the accessibility, adoption, and management of digital assets.
“Ultimately, this initiative lays the groundwork for synergies between trustworthy AI and asset managers, enabling faster, more precise planning and execution of digital asset and fund lifecycle activities.”
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