- The fund integrates traditional finance into digital assets.
- Dubai aims to become a leading regulated digital market.
- Expected demand growth for regulated Web3 finance tools.
A pivotal step for the Middle East, this fund integrates U.S. Treasuries into digital markets, attracting global investors.
Qatar National Bank and DMZ Finance have launched the QCD Money Market Fund (QCDT), Dubai’s first tokenized financial product. They aim to bridge traditional finance with digital assets while achieving regulatory approval from the Dubai Financial Services Authority.
QNB drives asset origin and strategy, while DMZ Finance provides the blockchain infrastructure. The focus is on U.S. Treasuries, serving as collateral in crypto markets and backing for stablecoins. This move may increase digital asset investments in Dubai.
“The tokenization of real-world assets is becoming a crucial bridge between traditional capital markets and the digital asset economy.” — Nathan Ma, Co-Founder and Chairman, DMZ Finance
The new fund potentially shifts liquidity towards regulated digital markets. It might also boost interest in Web3 payment infrastructures, enhancing Dubai’s position in the global digital finance arena.
Historical trends suggest similar launches led to increased DeFi TVL, raising demand for new stablecoin products. The QCDT fund might foster such outcomes in the Middle East, encouraging growth in tokenized financial instruments.
This initiative highlights Dubai’s strategy to integrate regulated on-chain products into its economic fabric, leveraging its progressive regulatory frameworks to attract global digital finance participants.
