Memento, in collaboration with Deutsche Bank, has unveiled a new blockchain-based infrastructure to modernize fund management and enhance its efficiency.
Challenges of Traditional Fund Management
Traditional fund management often suffers from high costs, slow deployment procedures, and limited liquidity. Key issues include:
* High costs: Multiple intermediaries increase administrative overhead and investor fees. * Slow fund deployment: Launching a new investment fund can take months. * Limited liquidity: Redemption processes are delayed by legacy settlement systems. * Regulatory constraints: Strict AML/KYC requirements create operational barriers.
Memento's Solution
Memento is redefining fund management by bringing the model fully on-chain, allowing for cost reduction and process acceleration. Key features of the solution include:
* Streamlined fund administration: Many processes can be automated, significantly speeding up the setup of new investment funds. * Lower fees, higher transparency: Digitizing fund shares reduces operating costs and enables near-instant redemptions. * Permissioned and private: The Memento ZK Chain built on Prividium provides role-based access and full control over data visibility.
Future and Prospects
With the launch of DAMA 2, the first institutional use case on the Memento ZK Chain, further expansion of blockchain use in financial services is anticipated. Additional chain support through Axelar is planned for 2025. In the long term, Memento aims to facilitate the scaling and adoption of blockchain technologies across various sectors, leading to significant transformations in financial markets.
With the introduction of Memento ZK Chain and the launch of DAMA 2 in 2025, Memento and Deutsche Bank are marking a new chapter in fund management, offering faster and more efficient solutions for institutional investors.
