The Dubai Financial Services Authority (DFSA) granted regulatory approval to QCD Money Market Fund (QCDT), making it the first tokenized money-market fund with an official set-up in the Dubai International Financial Centre (DIFC), according to Qatar National Bank (QNBK), while DMZ Finance, the companies behind the fund.
The fund’s investment strategy and asset origination is led by Qatar National Bank while DMZ Finance provides the technology underpinning its digital architecture, the companies said in a statement shared with CoinDesk.
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The regulatory approval serves as evidence of Dubai and the Middle East’s growing role as a hub for compliant digital asset finance, particularly in the tokenization market. According to a
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