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Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

2025-07-08 12:00:08

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Main Idea

The Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), the first tokenized money market fund in the Dubai International Financial Centre (DIFC), co-founded by Qatar National Bank and DMZ Finance, marking a significant step in blockchain finance integration.

Key Points

1. The QCD Money Market Fund (QCDT) is the first tokenized money market fund approved by the DFSA in the DIFC.

2. Tokenization converts traditional financial assets into digital tokens on a blockchain, offering benefits like increased liquidity and efficiency.

3. The fund is a collaboration between Qatar National Bank and blockchain fintech firm DMZ Finance, combining traditional banking expertise with blockchain innovation.

4. The DIFC was chosen for its progressive regulatory environment and commitment to fostering blockchain and fintech innovation.

5. The approval of QCDT signifies broader implications for the financial industry, potentially accelerating the adoption of tokenized assets globally.

Description

BitcoinWorld Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC A groundbreaking development is reshaping the financial landscape in the Middle East. The Dubai Financial Services Authority (DFSA) has officially given its nod to the QCD Money Market Fund (QCDT), a pioneering initiative co-founded by the esteemed Qatar National Bank and the innovative blockchain financial technology firm, DMZ Finance. This isn’t just another fund; it’s a monum...

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