QNB Group and JPMorgan Chase said in a statement Monday that by adopting JPMorgan's Kinexys digital payment system, QNB is now able to process U.S. dollar payments for its Qatari business customers 24/7 in minutes. By contrast, payments with traditional banks are primarily made on weekdays and can take days to reach the recipient.
QNB Group, Standard Chartered, and DMZ Finance have announced the launch of the QCD Money Market Fund, a regulated tokenized money market fund in the Dubai International Financial Centre (DIFC), which is sponsored and managed by QNB Group, the largest bank in the Middle East and Africa, with DMZ Finance acting as co-sponsor and exclusive provider of tokenized infrastructure.