Dubai Financial Services Agency (DFSA) Granting regulatory approval to QCD money market funds (QCDT)make it the first Tokenized money market funds Official setting in Dubai International Financial Centre (DIFC)According to Qatar National Bank (QNBK)and DMZ Financing is the company behind the fund.
In a statement shared with Coindesk, the companies said the fund’s investment strategy and asset origins were led by the National Bank of Qatar, and DMZ Finance provided the basis for technology based on its digital architecture.
Regulatory approval is evidence of the development of Dubai and the Middle East as compliant digital asset financing hubs, especially in tokenized markets. According to a joint report by Ripple and BCG, the global dominant RWAS market is expected to soar to $18.9 trillion by 2033, with jurisdictions such as Dubai and Doha becoming early leaders in this transition.
“As the Middle East quickly becomes a global hub for financial innovation, the successful deployment of QCDT further strengthens QNB’s leadership in the regional financial ecosystem and reflects our long-term vision to shape the next generation of financial infrastructure,” said Silas Lee, CEO of QNB Singapore.
The fund launch aims to bring traditional assets such as U.S. Treasury bonds, chain chains, and is designed to serve a variety of institutional applications including bank-eligible collateral, stable reserves, exchange reserves and Web3 payment infrastructure. Proponents say that with its regulatory compliance, production stability and chain transparency, they hope it will catalyze adoption in financial and crypto-local institutions.
“The real world symbolization is no longer experimental,” said Nathan Ma, co-founder and chairman of DMZ Finance. “Our goal at DMZ is to provide connective tissue between traditional markets and the digital asset ecosystem, especially in areas ready for innovation.”
DMZ Finance is a Singapore-based fintech company focusing on tokenization and custody of real-world assets
. Founded in 1964, QNB Group is the first Qatar-owned commercial bank in Qatar, with 50% ownership by the Qatar Investment Authority.
