The Dubai Financial Services Authority (DFSA) Given to regulatory approval to the QCD money market fund (QCDT)This makes it the first tokenized monetary market fund with an official configuration at the Dubai International Financial Center (DIFC)According to the National Bank of Qatar (Qnbk)While DMZ finances, companies behind the fund.
The fund’s investment strategy and the origin of the assets are led by the National Bank Qatar while DMZ Finance provides the under-independence technology its digital architecture, companies said in a shared press release with Coindesk.
Regulatory approval serves as evidence of Dubai and the growing role of the Middle East as a hub for the financing of compliant digital assets, in particular on the tokenization market. According to a joint report by Ripple and BCG, the global Rwas tokenized market should reach 18.9 billions of dollars by 2033, with jurisdictions like Dubai and Doha emerging as the first leaders of this transformation.
“While the Middle East quickly appears to be a global center for financial innovation, the successful deployment of QCDT consolidates QNB leadership in the regional financial ecosystem and reflects our long-term vision to shape the next generation of financial infrastructure,” said Silas Lee, CEO of Qnbpour, in the declaration.
The fund, launched to provide traditional assets, such as chain treasury bills, aims to serve a wide range of institutional requests, including a guarantee eligible for banks, support for the skipping skills, exchange reserves and a web payment infrastructure. With its regulatory compliance, its stability and transparency on the chain, donors say they expect it to catalyze adoption in financial and crypto-native institutions.
“The tokenization of active active people is no longer experimental – it is fundamental,” said Nathan Ma, co -founder and president of DMZ Finance. “Our objective in DMZ is to provide the connective tissue between traditional markets and the ecosystem of digital assets, in particular in the regions ready for innovation.”
DMZ Finance is a fintech company based in Singapore focused on tokenization and the care of active world
. The QNB group was created in 1964 as the first commercial bank in Qatar, with 50% of ownership owned by Qatar Investment Authority.
