Dubai Approves First Tokenized Money Market Fund by QNB and DMZ Finance

Dubai's financial regulator has greenlit the region's inaugural tokenized money market fund, marking a strategic push to dominate digital asset finance. The QCD Money Market Fund (QCDT), a joint venture between Qatar National Bank and DMZ Finance, will be domiciled in the Dubai International Financial Centre.

The fund tokenizes traditional instruments like U.S. Treasuries, unlocking blockchain applications for stablecoin reserves, institutional liquidity tools, and Web3 payment systems. This MOVE accelerates the Middle East's emergence as a hub for real-world asset tokenization.

QNB will oversee asset origination and investment strategy, while DMZ Finance provides the underlying blockchain infrastructure. The approval signals growing institutional convergence between traditional finance and digital assets.