difc

ChainCatcher news, according to CoinDesk, the Dubai Financial Services Authority (DFSA) has approved the QCD money market fund (QCDT) supported by Qatar National Bank (QNB) and DMZ Finance, making it the first tokenized money market fund approved for issuance in the Dubai International Financial Centre (DIFC). The fund's investment strategy and asset initiation are led by Qatar National Bank, with DMZ Finance providing the technology to support its digital architecture.The fund aims to tokenize traditional assets such as U.S. Treasury bonds, serving a wide range of institutional applications, including bank-eligible collateral, stablecoin backing, exchange reserves, and Web3 payment infrastructure. Supporters expect that the fund will facilitate the adoption of financial institutions and cryptocurrency-native entities, thanks to its regulatory compliance, yield stability, and on-chain transparency.

ChainCatcher news, Ripple is collaborating with the Dubai International Financial Centre (DIFC) Innovation Hub to accelerate blockchain and digital asset innovation in the UAE. Through this new partnership, both parties aim to jointly promote the application of blockchain and cryptocurrency technology in early-stage companies and scaling, while also introducing the technology to traditional large strategic institutions and their use cases.Previously, Ripple committed to investing 1 billion XRP to accelerate the development of XRPL and new global use cases.

ChainCatcher news, according to TheBlock, the Dubai International Financial Centre (DIFC) is a tax-free economic zone in the United Arab Emirates that announced the enactment of a new digital asset law earlier this week, which came into effect on March 8. The regulation aims to help the DIFC keep pace with technological developments in international trade and financial markets, and to provide legal clarity for investors and users of digital assets.

ChainCatcher news, according to official sources, Web3 Summit, BlockNews, and LBank Labs will join hands with RWA Finance, METASTONE GROUP, and Cointime to co-host the "Web3 Summit Dubai" series of summits. This grand event is also particularly honored to announce that the world's leading blockchain venture capital firm LBank Labs will join as one of the important partners. Through a 2-day series of themed industry summits, guest sharing, roundtable discussions, and private dinners, we will explore the development trends of Web3 together with ecosystem builders and jointly construct ecological cooperation within the industry.It is reported that the "Web3 Summit Dubai" series of themed summits will cover multiple fields such as macro policies, technology, AI, Web3, and Fintech. Mohammed Alblooshi, CEO of the Dubai International Financial Centre (DIFC), and Ahmed Bin Sulayem, CEO of the Dubai Multi Commodities Centre (DMCC), have confirmed their attendance at the summit and will serve as guiding units for the "Web3 Summit Dubai," sharing policy outlooks and strategic paths for 2024, as well as delivering speeches and participating in roundtable discussions at the summit.