Dubai Approves Its First Tokenized Money Market Fund

The Financial Services Office in Dubai (DFSA) Given regulatory approval to the QCD cash market fund (QCDT)which makes him the first Tokenized fund for the money market with an official arrangement in the Dubai International Center (DIFC)According to the Qatar National Bank (Qnbk)While DMZ Finance, the company behind the fund.

The fund’s investment strategy and the origin of the assets are led by the Qatar National Bank, while DMZ Finance provides technology supporting its digital architecture, companies shared with Coindesk said.

Regulatory approval serves as evidence of Dubai and the growing role of the Middle East as a center for compatible financing of digital assets, especially on the tokening market. According to Ripple and BCG’s joint report, by 2033, the global tokenized RWAS market has grown to $ 18.9 trillion, while jurisdictions like Dubai and doha appear as early leaders of this transformation.

“Since the Middle East is rapidly appearing as a global financial innovation center, the successful deployment of QCDT consolidates QNB leadership in a regional financial ecosystem and reflects our long -term vision to shape the next generation of financial infrastructure,” said Silas Lee, CEO of QNB Singapure.

The aim of the fund that has been launched to bring traditional assets such as US cash registers to the chain, is to serve a wide range of institutional applications, including capital banks’ collateral, Stablecoin support, exchange reserves and Web3 payment infrastructure. According to their regulatory compliance, stability and transparency on the chain, they say they expect to catalyze adoption across financial and cryptoral institutions.

“Tokenization of assets in the real world is no longer experimental-it is basic,” said Nathan Ma, co-founder and chairman of DMZ Finance. “Our goal in DMZ is to provide connective tissue between traditional markets and ecosystem of digital assets, especially in regions prepared for innovation.”

DMZ Finance is a Singapore company based in Singapore focused on tokenization and care of assets in the real world

. The QNB Group was founded in 1964 as the first Qatar Komerční banka owned in Qatar with 50% of the ownership of Katar’s own investment office.