The Dubai Financial Services Authority has granted regulatory approval for the QCD Money Market Fund, the first tokenised money-market vehicle authorised in the Dubai International Financial Centre
The Dubai Financial Services Authority has granted regulatory approval for the QCD Money Market Fund, the first tokenised money-market vehicle authorised in the Dubai International Financial Centre. The fund, branded QCDT, is sponsored by Qatar National Bank with the digital infrastructure provided by DMZ Finance.
QCDT will hold short-dated traditional assets such as US Treasuries while issuing on-chain tokens that represent investor shares. The structure is designed to supply bank-eligible collateral, stablecoin reserves and exchange liquidity, combining yield stability with blockchain-based transparency.
Dubai’s authorisation underscores the emirate’s ambition to position itself as a regulated hub for real-world asset tokenisation. Industry analysts see the decision as an early step toward a market that Ripple and Boston Consulting Group estimate could reach US$18.9 trillion in tokenised RWAs by 2033.
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