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Dubai Approves First Tokenized Money Market Fund

2025-07-08 16:24:26

Dubai Approves First Tokenized Money Market Fund

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Description

The Dubai Financial Services Authority (DFSA) has recently announced the approval of a new digital investment product, the QCD Money Market Fund (QCDT). This is the first time a tokenized money market fund has been approved within the Dubai International Financial Centre (DIFC). This move aims to strengthen the city’s role as a leader in digital finance and Web3 innovation. Real-World Applications for QCDT The new QCDT fund was developed through a partnership between two major financial entities...

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