Deutsche Bank is developing a Tier 2 network on Ethereum using ZKsync

According to CoinDesk, Deutsche Bank is expanding its blockchain capabilities by developing a Level 2 rollup network on Ethereum using Matter Labs' ZKsync technology. The initiative, confirmed by Matter Labs, marks a significant step for the banking giant in integrating blockchain technology into its operations. The network is described as "public and L2 enabled," providing transparency by restricting certain actions to authorized participants. This approach reflects growing institutional interest in blockchain as cryptocurrency prices rise.

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