TechFlow, July 8 — According to CoinDesk, the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), the first tokenized money market fund formally established in the Dubai International Financial Centre (DIFC). The fund is jointly launched by Qatar National Bank (QNB) and DMZ Finance, with the former responsible for investment strategy and asset allocation, and the latter providing the underlying digital infrastructure technology.
The fund aims to tokenize traditional assets such as U.S. Treasury bonds, serving various institutional use cases including bank-eligible collateral, stablecoin backing, exchange reserves, and Web3 payment infrastructure. DMZ Finance is a Singapore-based fintech company specializing in the tokenization and custody of real-world assets (RWA).
