Dubai’s financial regulator has given approval to QCD Money Market Fund (QCDT), the first tokenized money market fund based at Dubai International Financial Centre (DIFC).
The fund, announced on July 4th, is a joint venture between Qatar National Bank (QNB) and blockchain infrastructure company DMZ Finance.
We bring our Treasury to the Chain
The newly approved QCDT fund is designed to bring traditional, low-risk assets, such as the US Department of Treasury, into the blockchain. Under the partnership, QNB, one of the region’s largest banks, will manage its investment strategy, while DMZ Finance will provide the underlying tokenization technology.
The fund covers several institutional applications, including banking qualification collateral, stablecoin reserves, Web3 payment infrastructure, and replacement liquidity pools.
Dubai’s first tokenized money market fund has received official approval from DFSA, a partnership project by QNB and DMZ Finance
As investment manager, we are proud to announce that QCD Money Market Fund (QCDT), a partnership project of @dmz_finance, has…pic.twitter.com/ayfx0ixicy.
– DMZ Finance (@DMZ_Finance) July 8, 2025
Nathan Ma, co-founder of DMZ Finance, said the product is intended to create an infrastructure that “connects traditional capital markets to an emerging digital asset economy” within a fully compliant, transparent framework.
Strategic expansion of DIFC
The QCDT Fund is the first fund of its kind to be approved within the jurisdiction of DIFC. Works under DFSA monitoring to simplify asset management functionality using Smart Contracts and Digital Ledgers. The project will integrate tokenization technology into regional financial markets in accordance with DMZ Finance’s strategic partnership with Qatar National Bank.
Related: GAP 3 Partners receive a VASP license from VARA in Dubai
DMZ Finance is one of the early companies accepted into the Digital Lab Cohort of the Qatar Financial Centre, focusing on advances in blockchain-based financial innovation. The Alliance supports ongoing local efforts to expand real-world asset tokenization.
Part of the broader push to the UAE’s digital assets
The launch of the fund comes amid the rise in blockchain adoption in the United Arab Emirates. Recent developments include the Abu Dhabi-based company’s $2 billion investment plan in crypto exchange. The agreement includes USD1, a Stablecoin issued by World Liberty Financial.
Related: Dubai’s DMCC partner Aqua-Index launches world’s first digital token to pour water
The UAE’s flexible regulatory approach attracts businesses affected by the European Union’s MICA regulations.
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