The Dubai Financial Services Authority (DFSA) has granted regulatory approval for the first tokenized money market fund in the Dubai International Financial Centre (DIFC).
The QCD Money Market Fund (ticker: QCDT) is being launched by DMZ Finance in partnership with Qatar National Bank (QNB), the leading banking group in the Middle East and Africa. DMZ Finance will provide the tokenization technology that supports this new fund.
Silas Lee, the CEO of QNB Singapore, referred to the initiative as a significant step forward for QNB’s digital asset strategy. He stated, “QCDT is not only the first DFSA-regulated tokenized money market product in Dubai, but it also marks an important milestone in our journey towards digital innovation and asset tokenization. This fund is a crucial component in realizing our broader vision for multi-asset tokenized platforms.”
Nathan Ma, co-founder and chairman of DMZ Finance, highlighted that the tokenization of real-world assets (RWA) is becoming an essential connection between traditional financial systems and the expanding realm of decentralized finance (DeFi).
He remarked, “At DMZ Finance, we are working with regulators and financial institutions across the Middle East and other developing areas to ensure that RWA platforms are established in a compliant and sustainable manner.”
“Our name, DMZ — which stands for ‘demilitarized zone’ — symbolizes our objective: to build a secure, transparent, and efficient financial link between traditional and blockchain-based markets.”
