Dubai has taken a significant step forward in the digital asset space by approving the region's first tokenized money market fund, known as the QCD Money Market Fund (QCDT). This groundbreaking development was announced on July 8, 2025, and marks a key milestone in the city's ambition to become a global leader in blockchain and cryptocurrency innovation.
The approval was granted by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC), a prominent financial hub in the Middle East. The fund, backed by Qatar National Bank (QNB) and DMZ Finance, aims to bring traditional financial assets like U.S. Treasuries onto the blockchain, merging conventional finance with cutting-edge technology.
This tokenized fund is designed to enhance access to institutional finance in the region by supporting bank collateral, stablecoins, and Web3 applications. It represents a significant push towards the tokenization of real-world assets (RWA), a growing trend in the crypto and blockchain industry that bridges physical and digital economies.
Dubai's approval of the QCDT fund underscores its commitment to fostering innovation in the financial sector. The city has been actively working on integrating blockchain technology into various industries, positioning itself as a pioneer in the digital economy.
Industry experts believe this move will pave the way for more tokenized financial products in the Middle East, encouraging other regional players to explore similar opportunities. The successful implementation of the QCDT fund could serve as a model for other financial centers globally.
As Dubai continues to build its reputation as a crypto-friendly hub, this development is expected to attract more investors and blockchain-based enterprises to the region, further solidifying its status as a leader in financial technology innovation.
Maria Lourdes
