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Dubai Approves First Tokenized Money Market Fund by Qatar National Bank
In a landmark move, the Dubai Financial Services Authority (DFSA) has approved the QCD Tokenized Money Market Fund (QCDT) — the first of its kind in the Dubai International Financial Centre (DIFC). Launched by Qatar National Bank in partnership with blockchain firm DMZ Finance, the fund blends traditional finance with cutting-edge blockchain technology.
The tokenized structure allows for greater transparency, faster settlements, and increased investor accessibility. This approval signals Dubai’s growing leadership in blockchain-based financial innovation and sets the stage for broader institutional adoption of tokenized assets across the region.
