Deutsche Bank and finaXai Collaborate to Enhance Asset Management with AI and Blockchain in Project DAMA 2

Deutsche Bank and finaXai Collaborate to Enhance Asset Management with AI and Blockchain in Project DAMA 2

(IN BRIEF) Deutsche Bank and finaXai have announced a strategic collaboration to extend Project DAMA 2, a public-permissioned multi-chain asset servicing pilot. The collaboration will integrate AI, blockchain, and academic research to improve asset management and tokenized fund servicing. finaXai will explore the use of Machine Learning and Large Language Models in asset servicing workflows, with a focus on enhancing speed, transparency, and precision. This project unites experts from Deutsche Bank, NTU, and NUS, bridging academic innovation with practical industry solutions.

(PRESS RELEASE) FRANKFURT, 26-May-2025 — /EuropaWire/ — Deutsche Bank has announced a strategic collaboration with finaXai, a Singapore-based AI company co-founded by researchers from Nanyang Technological University (NTU Singapore) and the National University of Singapore (NUS). The partnership aims to extend Project DAMA 2, a pioneering public-permissioned multi-chain asset servicing pilot that focuses on enhancing how asset managers manage and service tokenized funds and their investors. By integrating AI, blockchain, and academic innovation, the collaboration seeks to drive transformative changes in the asset management industry.

FinaXai, which is part of the Fincubator program at the Asian Institute of Digital Finance (AIDF) in NUS, will explore the integration of Machine Learning and Large Language Models (LLMs) into asset servicing workflows. The goal is to leverage explainable AI to enable asset managers to plan and execute fund lifecycle activities with greater speed, transparency, and precision. This collaboration represents a convergence of cutting-edge research and real-world applications, pushing the boundaries of AI in finance and tokenization.

Anand Rengarajan, Deutsche Bank’s Head of Securities Services APAC & MEA and Global Head of Sales, said: “We are excited to collaborate with finaXai and experts from both the academic and innovation sectors to shape the future of tokenized assets. This partnership unites research-backed solutions with industry practices, helping reduce complexity while enhancing AI’s explainability and integration with distributed ledger technology (DLT). We aim to better anticipate and meet our asset manager clients’ needs as they navigate the future of tokenization.”

Dr. Erik Cambria, Co-Founder of finaXai and Professor at NTU’s College of Computing and Data Science, commented: “We are thrilled to partner with Deutsche Bank to apply advanced explainable AI techniques to the financial and asset tokenization sectors. This collaboration bridges academic research with real-world applications, enhancing the adoption, management, and accessibility of digital assets. Our efforts aim to lay the foundation for the synergy between trustworthy AI and asset managers, enabling more efficient planning and execution of asset and fund lifecycle activities.”

Dr. Gianmarco Mengaldo, Co-Founder of finaXai and Assistant Professor at NUS’s Department of Mechanical Engineering, added: “finaXai operates at the exciting intersection of AI and finance, with researchers from multiple institutions working to push the boundaries of AI in the field. This collaboration is a perfect example of the powerful impact that can arise when scientific research aligns with practical industry needs. Our goal is to integrate explainable AI with financial processes, creating solutions that simplify complex tasks for the sector.”

Key representatives involved in the project include:

Deutsche Bank:

• Boon Hiong Chan, Asia Pacific Head of Securities & Technology Advocacy and Industry Applied Innovation Lead
• Jie Yi (Jaelynn) Lee, Digital Product Owner

finaXai:

• Dr. Erik Cambria, Co-Founder of finaXai and Professor, College of Computing and Data Science, NTU
• Dr. Gianmarco Mengaldo, Co-Founder of finaXai and Assistant Professor at the Department of Mechanical Engineering, College of Design and Engineering, NUS
• Dr. Mao Rui, Technology Lead and Research Scientist, College of Computing and Data Science, NTU
• Keane Ong, Technology Scientist and PhD candidate, NUS
• Federico Cristina, CFA, Business Lead, finaXai

For more information, contact Deutsche Bank AG Media Relations:

Kate Fields
Phone: +852 2203 5094
Email: kate.fields@db.com

About Project DAMA 2
Project DAMA 2 is an innovative pilot initiative aimed at revolutionising the issuance, distribution, and servicing of tokenised funds across multiple blockchain networks. In this project, Deutsche Bank is collaborating with Memento Blockchain and Interop Labs (initial developer of the Axelar Network) to build a unified, interoperable, and open-architecture platform for asset managers.

The initiative contributes to MAS’ Project Guardian (as part of the asset and wealth management workstream), a collaborative initiative involving global policy makers and financial services industry representatives that is dedicated to testing the feasibility of asset tokenisation applications in regulated financial markets.

About finaXai
finaXai is a next-generation investment intelligence company founded by AI scientists from top academic institutions. Combining cutting-edge artificial intelligence with explainable models, finaXai delivers transparent, data-driven asset selection and portfolio construction tools. Its mission is to empower investors with AI-powered insights while ensuring clarity and trust through explainability. With deep roots in academia and industry, finaXai stands at the forefront of the intersection between AI and finance.

About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

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SOURCE: Deutsche Bank AG