QNB Group, Standard Chartered and DMZ Finance Launch Dubai International Financial Centre's First Tokenized Money Market Fund

Core Insights - The QCD Money Market Fund, the first regulated tokenized money market fund in the Dubai International Financial Centre (DIFC), has been launched, setting a benchmark for Real World Asset (RWA) tokenization in the Middle East [2][4]. Company Overview - QNB Group, the largest bank in the Middle East and Africa, initiated the fund, with DMZ Finance providing tokenization infrastructure and Capricorn Fund Managers (DIFC) Limited acting as the Fund Manager [3][4]. - Standard Chartered serves as the custodian of the QCD Money Market Fund, having launched its regulated digital asset custody services in the DIFC in 2024 [3][4]. Industry Impact - The QCD Money Market Fund offers advantages in authority, compliance, security, liquidity, and market positioning, with applications including recognition as eligible collateral by QNB Group and adoption as a mirrored collateral asset by global exchanges [4][5]. - The fund aims to bridge traditional finance (TradFi) and decentralized finance (DeFi), enhancing accessibility and liquidity of traditional assets through tokenization [5][6]. Strategic Statements - QNB Group's CEO highlighted the fund's role in integrating high-quality, yield-bearing assets into the digital economy, emphasizing the use of blockchain technology [5]. - Standard Chartered's CEO noted that the launch reinforces the UAE's position as a global center for innovation in regulated digital assets, supporting the convergence of traditional and digital finance [5][6]. - DMZ Finance's Chairman stated that the fund connects exchanges with institutional clients, addressing liquidity needs and expanding its global footprint [6].