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14/07/25 01:09 UTC-04

Dubai Launches Tokenized Money Market Fund

The Dubai Financial Services Authority (DFSA) has approved the launch of the QCD Money Market Fund (QCDT), a tokenized money market fund. The fund was created by Qatar National Bank (QNB) and DMZ Finance.

According to the DFSA filing, the fund aims to tokenize traditional assets, particularly US government bonds. Additionally, it plans to invest in stablecoins and develop payment infrastructure.

Qatar National Bank will be responsible for the fund's investment strategy, while DMZ Finance will handle the technical implementation of the digital architecture.

The fund’s founders stated that regulatory approval not only underscores Dubai’s role as a global hub for digital finance but also demonstrates the emirate’s readiness to adopt tokenized real-world assets (RWA).

Previously, Austrian crypto exchange Bitpanda obtained a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA), becoming the first fully regulated European digital asset platform in the UAE.

See also: "Bitcoin Breaks $122,000 for the First Time — What’s Next? "

#Token

Editor: Yulia Krasnaya
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