The Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund, making it the first of its kind set up in the Dubai International Financial Centre. Supported by Qatar National Bank and DMZ Finance, the fund aims to enhance the region's role as a hub for digital asset finance by bringing traditional assets on-chain. The investment strategy is led by Qatar National Bank, while DMZ Finance provides the necessary technological backbone. This approval marks an important step for Dubai and the Middle East as they emerge as key players in the global market for tokenized real-world assets (RWAs), which is projected to reach $18.9 trillion by 2033. The fund intends to cater to institutional applications such as bank-eligible collateral and stablecoin backing, with expectations of increased adoption across both financial and cryptocurrency sectors. The successful launch of the QCDT highlights the commitment to financial innovation in the region and reflects a long-term vision to reshape financial infrastructure.

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