Dubai Financial Services Authority (DFSA) Granted Legislative Approval to QCD Money Market Fund (Qcdt)Make it the first tokenized money market fund with an official setup in Dubai International Financial Center (DIFC)According to Qatar National Bank (Qnbk)While DMZ Finance, the companies behind the fund.
The fund’s investment strategy and activation are led by Qatar National Bank, while DMZ Finance delivers the technology that underlies its digital architecture, companies said in a statement shared with Coindesk.
The regulatory approval serves as evidence of Dubai and the Middle East’s growing role as a hub for compatible digital asset financing, especially in the tokenization market. According to a joint report from Ripple and BCG, the global market for tokenized RWAs is expected to rise to $ 18.9 trillion by 2033, where jurisdictions such as Dubai and Doha emerge as early leaders of this transformation.
“As the Middle East quickly emerges as a global hub for economic innovation, the successful deployment of QCDT’s further QNB’s management in the regional economic ecosystem and reflects our long -term vision of shaping the next generation of financial infrastructure,” said Silas Lee, CEO of QNB Singapore, in the statement.
The fund, which was launched to bring traditional assets, such as US Treasury, On-Chain, aims to earn a broad spectrum of institutional applications, including bank-eligible collateral, stableecoin support, exchange reserves and web3 payment infrastructure. With its legislative compliance, yield stability and transparency in the chain, the backers say they expect it to catalyze the adoption across both economic and crypto-native institutions.
“Tokenization of real-world assets is no longer experimental-it is fundamental,” said Nathan Ma, co-founder and chairman of DMZ Finance. “Our goal at DMZ is to provide the connective tissue between traditional markets and the digital active ecosystem, especially in regions ready for innovation.”
DMZ Finance is a Singapore-based Fintech company focusing on tokenization and custody of assets in the real world
. The QNB group was established in 1964 as Qatar’s first Qatari-owned commercial bank with 50% ownership of Qatar Investment Authority.
