Dubai Approves First Tokenized Money Market Fund
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Key Points
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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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