🎉 In Dubai, the launch of a tokenized money market fund has been approved
The financial regulator DFSA has given the green light to the QCD Money Market Fund — this is the first tokenized money fund in Dubai.
◾️ Instead of paper — blockchain: the fund holds traditional assets like US government bonds
◾️ Can be used as collateral in banks, reserves for stablecoins, exchanges, and Web3 payments
◾️ Everything operates on the basis of DMZ Finance, managed by Qatar's QNB Bank
This is the first step towards transitioning the old financial system to new rails.
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