Dubai approves the first tokenized money market fund, and the National Bank of Qatar and DMZ Finance jointly launched "
Online reports, CoinDesk reported that the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), the first tokenized money market fund officially established in the Dubai International Financial Center (DIFC). The fund is jointly launched by Qatar National Bank (QNB), which is responsible for investment strategy and asset allocation, and DMZ Finance, which provides underlying digital architecture technology. The fund aims to link traditional assets such as U.S. Treasury bonds and serve a variety of institutional application scenarios such as bank qualified collateral, stablecoin support, exchange reserves and Web3 payment infrastructure. DMZFinance is a Singapore-based financial technology company focusing on tokenization and custody of real assets (RWA).
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