Qatar National Bank launches tokenized QCD market fund - Coinfea

Qatar National Bank Group, alongside Standard Chartered and DMZ Finance, has announced the launch of the Dubai International Financial Centre’s tokenized money market fund, the QCD Money Market Fund (units in QCDT).

ContentsQatar set to drive RWA tokenization through QCDTTokenization and the need for institutional adoptionThe QCDT fund, managed by QNB Group, will see DMZ providing the tokenization infrastructure and Standard Chartered offering custodial services. It will also be eligible as collateral and adopted by global exchanges as a mirrored collateral asset. The fund appointed Capricorn Fund Managers (DIFC) Limited (CFMD) as the Fund Manager.

Qatar set to drive RWA tokenization through QCDT

Silas Lee, CEO of QNB Singapore, commented on the QCDT fund launch, noting that the tokenized money market fund is a pivotal advancement using blockchain. She also mentioned that it will empower investors to integrate high-quality yield-bearing assets from traditional finance into the digital economy. The fund will bring US Treasury bills and USD-denominated deposits into digital tokens, making them accessible, liquid, and transparent.

In addition, it will also be ready to be used in smart contracts as collateral for trading credits and loans.“QNB Group, together with our partner DMZ Finance, is extremely proud to be at the forefront of bringing this initiative to a wider pool of investors across traditional finance and the digital world. We believe we are at the beginning of something exciting, and as the market continues to evolve, we are committed to staying ahead of the curve and helping define the banking of the future,” Silas Lee said.

Rola Abu Manneh, CEO of Standard Chartered in the UAE, the Middle East, and Pakistan, also talked about the importance of the QCDT launch, revealing how this builds the UAE’s ambition to develop tokenized markets. Nathan Ma, Co-Founder and Chairman of DMZ Finance, said, “With strict asset segregation and deep collaboration with banking partners, QCDT will unlock significant potential in addressing liquidity needs. Upon launch, major institutional clients and listed companies have started coming on board.”

Tokenization and the need for institutional adoption

Qatar has been at the forefront of tokenization. In a recent report about digital assets policy, Yousuf Mohamed Al-Jaida, the Chief Executive Officer of QFC, mentioned the need to lay strong foundations for tokenization. “Tokenization can unlock real value by making assets more accessible and easier to transfer. We need a clear system that combines robust regulation, secure custody, and practical application to realize this potential. This will create a trusted environment that enables institutional adoption and drives sustainable market growth,” he said.

Highlighting the practical application of digital tokens, Henk J. Hoogendoorn, the Chief Financial Sector Officer at QFC, noted that tokenization must serve a purpose. He also added that it should democratize access and create real-world value, noting that Qatar is committed to making tokenization of real-world assets a success. The report came out during the inaugural Digital Assets Policy Roundtable.

The event was hosted by the Qatar Financial Centre (QFC), held in partnership with Global Stratalogues and the Global Blockchain Business Council (GBBC). The roundtable convened during the Qatar Economic Forum was a landmark forum for cross-border regulatory coordination and institutional dialogue. The report also noted that QFC’s strategic vision is to apply tokenization in the investment sector, innovate in private equity and sharia-compliant digital asset mechanisms, and allow secondary market liquidity through token trading. The strategy also seeks to help venture capital with early exit opportunities for investors.