Deutsche Bank has announced a partnership with Singapore-based AI company FinaXai to extend Project DAMA 2.
The project will progress the development of a pioneering public-permissioned multi-chain asset servicing pilot, focused on improving the service of tokenised funds.
“This partnership unites research-backed solutions with industry practices, helping reduce complexity while enhancing AI’s explainability and integration with distributed ledger technology (DLT),” said Anand Rengarajan, Deutsche Bank’s head of securities services APAC & MEA and global head of sales.
“We aim to better anticipate and meet our asset manager clients’ needs as they navigate the future of tokenisation.”
FinaXai is co-founded by researchers from Nanyang Technological University (NTU Singapore) and the National University of Singapore (NUS).
The company, which is part of the Fincubator programme 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.
Eventually, the collaboration aims to leverage explainable AI to enable asset managers to plan and execute fund lifecycle activities with greater accuracy.
“This collaboration bridges academic research with real-world applications, enhancing the adoption, management, and accessibility of digital assets,” said Dr. Erik Cambria, co-founder of FinaXai and professor at NTU’s College of Computing and Data Science.
“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.”
By integrating AI, blockchain and academic innovation, the collaboration aims to foster transformative changes within the asset management industry.
