Deutsche Bank and finaXai team up on tokenised funds servicing

Deutsche Bank has partnered with Singapore-based AI company finaXai to for AI-powered tokenised funds servicing.

The partnership is a component of Project DAMA 2, a trial programme focused on “revolutionising” the creation, dissemination, and management of tokenised funds across various blockchain platforms.

The project seeks to build a unified, interoperable platform for asset managers.

In this venture, Deutsche Bank is also working with Memento Blockchain and Interop Labs to develop an open-architecture platform.

FinaXai, co-founded by researchers from Nanyang Technological University, Singapore and the National University of Singapore, is part of the Fincubator programme at the Asian Institute of Digital Finance.

The programme supports fintech startups focused on deep technology and digital finance innovation.

Deutsche Bank and finaXai’s collaboration will explore integrating machine learning and large language models into asset servicing workflows.

The aim is to leverage explainable AI to assist asset managers in planning and executing fund lifecycle activities with enhanced speed, transparency, and precision.

Deutsche Bank head of securities services APAC & MEA and global head of sales Anand Rengarajan said: “Through this collaboration, we unify leading research-backed solutions with industry applications to reduce complexity and boost AI’s explainability and integration with DLT.

“With this work, we seek to better understand and anticipate our asset manager clients’ needs as they explore the future of tokenisation.”

finaXai co-founder Erik Cambria said: “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.”

Cambria is also a professor at the College of Computing and Data Science, Nanyang Technological University.

Recently, Deutsche Bank obtained a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market.

This licence allows the German bank to conduct various regulated activities, including arranging deals in investments and advising on investments or credit.

“Deutsche Bank and finaXai team up on tokenised funds servicing ” was originally created and published by Private Banker International, a GlobalData owned brand.

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