Dubai Approves First Tokenized Money Fund to Bring US Treasuries On-Chain

Dubai approves QCDT fund, enabling tokenized U.S. Treasuries within DIFC under a regulated blockchain framework.

Fridah Kangai
July 9, 2025
12:45 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Dubai breaks new ground with its first tokenized fund based in the DIFC.
Qatar National Bank and DMZ Finance bring U.S. Treasuries to the blockchain.
Regulated digital finance gains momentum as UAE pushes asset tokenization forward.

Dubai’s financial regulator has approved a new tokenized money market fund based in the Dubai International Financial Centre. The QCD Money Market Fund (QCDT) becomes the first fund in the region to bring U.S. Treasuries onto the blockchain.

The fund is a joint venture between Qatar National Bank and DMZ Finance that deals with tokenizing real-life assets. Qatar National Bank will carry out the fund’s investment strategy, whereas DMZ Finance will offer blockchain infrastructure and tokenization technology.

Dubai’s First Tokenized Money Market Fund Receives Official Approval from DFSA, a Partnership Project by QNB and DMZ Finance

We are proud to announce that the QCD Money Market Fund (QCDT), a partnership project of @DMZ_Finance with @QNBGroup, as investment manager, has… pic.twitter.com/AYFX0IxIcY
— DMZ Finance (@DMZ_Finance) July 8, 2025

The fund will make it easy to access low-risk assets such as U.S. Treasuries through digital ledger systems based on smart contracts. It will also address institutional requirements, including stablecoin reserves, Web3 payment rails, liquidity pools and exchanges, and collateral that can be held at banks.

Oversight of the fund will fall under the Dubai Financial Services Authority, ensuring operations remain compliant with financial regulations. This will be the first ever tokenized fund to be functioning in the legal and economic framework of the DIFC.

New Infrastructure Connects Blockchain With Traditional Finance

Nathan Ma, co-founder of DMZ Finance, said the fund links traditional financial markets with the digital asset economy. He also pointed out that a compliant blockchain infrastructure that enables institutions to use blockchain finance should be developed.

DMZ Finance is one of the very first firms to join the QFC Digital Lab cohort. The application helps blockchain innovation bring real-sectional assets into the developing digital surroundings in the area.

At the same time, the United Arab Emirates remains one of the countries that significant global investment is drawn towards digital assets and blockchain-based technologies. A company in Abu Dhabi has just announced its 2 billion investment in Binance, a crypto exchange worldwide.

In the same deal, USD1, a stablecoin issued by World Liberty Financial, is also included, suitable for further use in the digital finance infrastructure. These were signs of increasing financial innovation in the region based on blockchain technology.

This approval of the QCDT fund is a step toward tokenized finance in controlled environments. Dubai is already making definite moves to combine conventional finance with blockchain on a licensed framework.

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