The Dubai Financial Services Authority (DFSA) has officially sanctioned the QCD Money Market Fund (QCDT), marking it as the first tokenized money-market fund in the Dubai International Financial Centre (DIFC). The fund is spearheaded by Qatar National Bank (QNB) and DMZ Finance, focused on integrating traditional assets into a digital framework.

Key Points:

• The fund facilitates the transition of traditional assets onto a digital platform, thus enhancing the Middle East’s prominence in digital asset financing.
• Projections indicate the global market for tokenized real-world assets could soar to $18.9 trillion by 2033, with Dubai and Doha positioned as frontrunners.

The approval illustrates Dubai’s advancing stature in compliant digital asset financing, particularly within the tokenization landscape. As Silas Lee, CEO of QNB Singapore, highlighted, **“As the Middle East rapidly emerges as a global hub for financial innovation, the successful deployment of QCDT further consolidates QNB’s leadership in the regional financial ecosystem.”

Additionally, Nathan Ma, co-founder and chairman of DMZ Finance, expressed, “Tokenization of real-world assets is no longer experimental — it is foundational. Our goal at DMZ is to provide the connective tissue between traditional markets and the digital asset ecosystem, particularly in regions ready for innovation.”