Dubai regulator approves launch of tokenized money fund
Date: 2025-07-09 Author: Gabriel Deangelo Categories: IN WORLD
Dubai authorities, through the DFSA (Dubai Financial Services Authority), have given the green light to the creation of a tokenized money fund called QCD Money Market Fund (QCDT). The initiators of the project were Qatar National Bank and DMZ Finance — the financial and technical sides of the project, respectively. According to the statement, QCDT is designed to tokenize traditional assets, including primarily US government bonds.
The new fund is focused on institutional use cases — it can serve as collateral for banks, a reserve for stablecoins, as well as an element of the Web3 payment infrastructure and support for exchange transactions. Qatar National Bank will manage the investment strategy, while DMZ Finance is responsible for the technical implementation of the fund's blockchain architecture. DMZ Finance co-founder Nathan Ma noted that the project aims to combine classic financial markets with the digital asset ecosystem.
The DFSA approval highlights Dubai’s commitment to being at the forefront of digital finance and its readiness to implement the tokenization of Real World Assets (RWA). This decision also reflects the growing interest in integrating TradFi and decentralized financial solutions.
It was previously reported that Coinbase Asset Management, the investment arm of the crypto exchange Coinbase, plans to launch its own tokenized money market fund, following the example of BlackRock’s BUIDL fund. Such initiatives indicate a trend of active implementation of tokenization in the traditional financial sector.
Thus, the launch of QCDT becomes an important step towards the development of hybrid financial products that combine the advantages of classic instruments and new blockchain technologies, which opens up new opportunities for institutional investors and users of Web3 infrastructure.
