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Dubai Launches First Tokenized Money Market Fund, Eyes $18.9 Trillion Market

7/8/2025

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Summary

Story summary

The Dubai Financial Services Authority approved the QCD Money Market Fund (QCDT), making it Dubai's first tokenized money market fund.
This approval aligns with Dubai's ambition to be a global hub for digital finance and asset tokenization.
QNB and DMZ Finance spearhead the initiative, focusing on institutional applications and compliant tokenization.
The tokenized asset market in the Middle East is expected to grow to $18.9 trillion by 2033, indicating vast potential.

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Story summary

The Dubai Financial Services Authority approved the QCD Money Market Fund (QCDT), making it Dubai's first tokenized money market fund.
This approval aligns with Dubai's ambition to be a global hub for digital finance and asset tokenization.
QNB and DMZ Finance spearhead the initiative, focusing on institutional applications and compliant tokenization.
The tokenized asset market in the Middle East is expected to grow to $18.9 trillion by 2033, indicating vast potential.