Dubai's New Money Market Fund: A Step Towards Digital Finance

The Dubai International Financial Centre (DIFC) has unveiled its first regulated tokenized money market fund, named QCD Money Market Fund. This innovative fund, represented by units in QCDT, is a collaborative effort involving:

• QNB Group (the largest bank in the Middle East and Africa)
• Standard Chartered (a leading international bank)
• DMZ Finance (provider of tokenization infrastructure)

Key Features of the QCD Money Market Fund

• Compliance: Meets regulatory standards.
• Security: Standard Chartered ensures the safety of underlying assets.
• Liquidity: Designed for easy trading and loans in smart contracts.

Bridging TradFi and DeFi

The fund tokenizes high-quality assets like:

• US Treasury bills
• USD-denominated deposits

This makes them more accessible and functional in decentralized finance (DeFi) environments.

Significance and Future Impact

• Attracts institutional clients and listed companies, boosting market liquidity.
• Part of a broader trend where Real World Assets (RWA) connect traditional and digital finance.
• Reinforces the UAE's position as a global hub for digital finance.

QNB Group, Standard Chartered, and DMZ Finance are committed to driving innovation in the financial sector, aiming to define the future of banking.