Dubai Approves First Tokenized Money Market Fund in DIFC

Dubai's financial regulator has greenlit the QCD Money Market Fund (QCDT), marking the first tokenized money-market fund established within the Dubai International Financial Centre. Qatar National Bank leads the fund's investment strategy while DMZ Finance provides the blockchain infrastructure.

The approval signals Dubai's accelerating role in compliant digital asset innovation, particularly in real-world asset tokenization. A Ripple-BCG report projects the global tokenized RWA market will reach $18.9 trillion by 2033, with Middle Eastern hubs like Dubai and Doha at the forefront.

"This deployment reinforces QNB's leadership in shaping next-generation financial infrastructure," said QNB Singapore CEO Silas Lee. The fund brings traditional assets like U.S. Treasuries on-chain, targeting institutional adoption.