- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Dubai Approves Tokenized Cryptocurrency Money Market Fund to Drive Real World Asset Development

By: theblockbeats.news|2025/07/08 05:26:52

BlockBeats News, July 8th, According to The Block, the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT) as a tokenized money market fund within the Dubai International Financial Centre. The fund is a project initiated by Qatar National Bank and DMZ Finance.

DMZ Finance stated in a press release issued on Monday that it will act as a co-sponsor, providing professional tokenization technology infrastructure, while QNB will lead the fund's issuance and investment management.

The design of QCDT is intended to support various institutional applications in the financial industry. For example, banks can use it as eligible collateral, centralized trading platforms can use it as a mapping collateral asset. Additionally, the fund can also serve as a reserve-backed asset for stablecoins and provide underlying infrastructure for Web3 payment systems.

21st Century Business Herald Researches Stablecoin Transactions in Yiwu: Most merchants indicate they have not heard of stablecoins, with only a few supporting stablecoin payments

U.S. Treasury Secretary says he plans to hold talks with China in the coming weeks to promote consultations on issues including trade