According to CoinDesk, the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), the first tokenized money market fund to be officially established in the Dubai International Financial Centre (DIFC). The fund is jointly launched by Qatar National Bank (QNB), which is responsible for investment strategy and asset allocation, and DMZ Finance, which provides the underlying digital architecture technology.
The fund is designed to bring traditional assets such as US Treasuries onto the chain, serving a variety of institutional use cases such as bank-qualified collateral, stablecoin support, exchange reserves, and Web3 payment infrastructure. DMZFinance is a Singapore-based fintech company that specializes in the tokenization and custody of physical assets (RWA).
Dubai approves first tokenized money market fund, Qatar National Bank and DMZ Finance jointly launch
2025-07-08 02:14:26
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