QNB Group (Qatar National Bank), in collaboration with Standard Chartered and DMZ Finance, has officially launched the QCD Money Market Fund ($QCDT) in the Dubai International Financial Centre (DIFC). This new fund is a significant step in the tokenization of real-world assets (RWAs), bringing traditional finance into the digital economy.
The QCDT fund will tokenize U.S. Treasury bills and USD-denominated deposits. Managed by QNB Group, with DMZ Finance providing the blockchain infrastructure and Standard Chartered handling custody, the fund will make these high-quality, yield-bearing assets more accessible, liquid, and transparent.
A key feature of the fund is its utility as a collateral asset. It can be used in smart contracts to back trading credits and loans, showcasing a practical application of tokenization. According to Silas Lee, CEO of QNB Singapore, this initiative is a "pivotal advancement" that integrates traditional finance with the digital world.
The launch of QCDT aligns with Qatar's strategic vision to lead the tokenization of RWAs. A recent report by the Qatar Financial Centre (QFC) emphasized the need for a robust regulatory and custodial framework to unlock the value of tokenization.
Henk J. Hoogendoorn, the Chief Financial Sector Officer at QFC, highlighted that tokenization should democratize access and create real-world value. Qatar's strategy aims to apply tokenization to various sectors, including investment, private equity, and sharia-compliant digital assets, to provide secondary market liquidity and offer early exit opportunities for venture capital investors. This forward-thinking approach positions Qatar and the UAE at the forefront of the global movement to bridge traditional finance with the blockchain ecosystem.
September 2025, Cryptoniteuae