The Groundbreaking Approval of the QCD Money Market Fund in DIFC, Dubai
The regulator of Dubai’s DIFC (Dubai International Financial Centre) has officially greenlit the QCD Money Market Fund (QCDT), a first-of-its-kind tokenized money market fund co-managed by Qatar National Bank (QNB) and DMZ Finance. This milestone marks the approval of the first tokenized money market fund in the UAE.
Dubai has reached a pivotal moment in digital finance with the official validation of the QCD Money Market Fund. This innovative fund, co-piloted by QNB and DMZ Finance, signifies the Middle East’s emergence as a leader in tokenized real asset finance.
Traditional assets with on-chain transparency
The QCDT aims to tokenize assets such as US Treasury bonds while adhering to strict regional regulatory standards. Its target audience includes financial institutions, banks, stablecoins, and Web3 platforms.
The tokenization of real-world assets is no longer experimental. It is becoming structural.
Nathan Ma, co-founder of DMZ Finance
Qatar National Bank leading the orchestra, DMZ driving tech
In this strategic duo, QNB, the largest bank in the Middle East and Africa (50% owned by the Qatar Investment Authority), oversees investment strategy and asset selection. Meanwhile, DMZ Finance manages the fund’s digital infrastructure.
The success of QCDT mirrors our commitment to building the financial infrastructure of tomorrow.
Silas Lee, CEO of QNB Singapore
A $18.9 Trillion Market by 2033
Dubai and Doha’s surge in the RWA sector is no coincidence. A joint report by Ripple and BCG predicts a global explosion in the tokenization of real assets market, reaching $18.9 trillion by 2033.
A Clear Ambition: Bridging TradFi and DeFi
With this initial approval, the message is clear: traditional finance and Web3 are no longer parallel worlds. They are converging, and the bridge is RWA tokenization. Dubai is not just on the sidelines. It is reshaping the core of the global financial system.
