TechFlow, September 17 — QNB Group, Standard Chartered Bank, and DMZ Finance jointly announced the launch of the first regulated tokenized money market fund in the Dubai International Financial Centre (DIFC), the QCD Money Market Fund (QCDT).
The fund is managed by QNB Group, the largest bank in the Middle East and Africa region, with DMZ Finance providing the tokenization infrastructure and Standard Chartered serving as custodian. QCDT converts traditional financial assets such as U.S. Treasuries and dollar deposits into digital tokens, enhancing asset liquidity and transparency.
QNB Group has recognized QCDT as eligible collateral, and the fund is set to be adopted as mirrored collateral by major global exchanges.
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