Dubai Approves First Tokenized Money Market Fund in Major RWA Move

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Dubai has taken a leap into real-world asset (RWA) tokenization with the DFSA’s approval of the QCD Money Market Fund (QCDT), a collaboration between QNB and DMZ Finance.

The fund, operating within the DIFC, will leverage DMZ’s tokenization platform while QNB manages investments.

Designed for institutional use, QCDT can function as collateral for banks and exchanges, stablecoin reserves, and infrastructure for Web3 payments.

“This marks a defining moment in QNB’s digital transformation,” said Silas Lee, CEO of QNB Singapore, highlighting Dubai’s growing role in financial innovation.