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Dubai Makes Crypto History: First-Ever Green Light for Tokenized Money Market Fund
Dubai Makes Crypto History: First-Ever Green Light for Tokenized Money Market Fund
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Dubai just rewrote the rulebook—again. The financial hub scored a world-first regulatory approval for a tokenized money market fund, catapulting real-world assets (RWAs) into the institutional big leagues.
Why it matters: This isn't just paperwork. It's a seismic shift—oil money meets DeFi rails, with regulators actually keeping pace for once.
The fine print: No specifics on fund size or issuers yet (typical finance opacity), but the precedent is set. Tokenized Treasuries just got a desert-powered turbocharge.
Bottom line: While Wall Street still debates blockchain pilots, Dubai's already printing certificates. Maybe those 'future of finance' conferences should relocate...
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