Dubai’s Financial Services Authority (DFSA) Regulatory approval granted to the QCD Monda Mercado Fund (QCDT)making it the first tokenized monetary market fund with an official configuration at the Dubai International Financial Center (DIFC)According to the National Bank of Qatar (QNBK)While DMZ Finance, the companies behind the bottom.
The investment strategy and the origin of the fund assets are led by Qatar National Bank, while DMZ Finance provides the technology that supports its digital architecture, companies said in a statement shared with Coindesk.
Regulatory approval serves as evidence of Dubai and the growing role of the Middle East as a center for the financing of digital assets that comply, particularly in the tokenization market. According to a joint report by Ripple and BCG, Rwas Tokenized market is expected to increase $ 18.9 billion by 2033, with jurisdictions such as Dubai and Doha emerging as early leaders of this transformation.
“As the Middle East arises rapidly as a global center for financial innovation, the successful deployment of QCDT further consolidates QNB leadership in the regional financial ecosystem and reflects our long -term vision of shaping the next generation of financial infrastructure,” CEO of Silas Lee, CEO of QNB Singapore, said in the statement.
The background, launched to bring traditional assets, such as the US Treasury bonds, in the chain, aims to serve a broad spectrum of institutional applications, including the eligible guarantee for banks, the support of Stablecoin, exchange reserves and web payment infrastructure. With regulatory compliance, the stability of yield and transparency in the chain, sponsors say they hope that adoption in financial and cryptocative institutions
“The token of real world assets is no longer experimental: it is fundamental,” said Nathan Ma, co -founder and president of DMZ Finance. “Our goal in DMZ is to provide connective tissue between traditional markets and the digital asset ecosystem, particularly in regions ready for innovation.”
DMZ Finance is a Fintech company with Singapore headquarters centered on token and custody of real world assets
. The QNB group was established in 1964 as the first Qatar Bank of Qatar, with 50% owned by the Qatar investment authority.
