DMZ Finance, with Mantle and Bybit,have deployed QCDT, the world’s first UAE ( Dubai Financial Services Authority) DFSA-approved tokenized money market fund (MMF), on Mantle Network’s modular Layer-2 infrastructure.
Earlier this year, QNB Group ( Qatar National Bank), Standard Chartered and DMZ Finance, an RWA tokenization infrastructure provider, launched the Dubai International Financial Centre’s (DIFC) first regulated tokenized money market fund, the QCD Money Market Fund (units in QCDT).
The fund’s initiated and underlying investment is managed by QNB Group, the largest bank in the Middle East and Africa, with DMZ Finance serving as co-initiator and exclusive provider of tokenization infrastructure. The Fund appointed Capricorn Fund Managers (DIFC) Limited (CFMD) to act as the Fund Manager, while Standard Chartered serves as custodian of the QCD Money Market Fund, providing custody of the underlying assets. In 2024, Standard Chartered officially launched its regulated digital asset custody services in the DIFC.
Soon after Bybit became the first crypto exchange to deploy QCDT as collateral creating up to USD 1 billion in borrowing capacity, providing new opportunities for institutions.
Positioned alongside leading global tokenized money market funds such as BUIDL and BENJI — collectively referred to as the “BBQ”. QCDT bridges traditional finance and decentralized markets. By combining DMZ Finance’s tokenization expertise, Bybit’s global exchange infrastructure, and Mantle’s scalable blockchain architecture, QCDT brings real-world yield on-chain in a compliant and capital-efficient manner.
The integration provides up to USD 1 billion in borrowing capacity, unlocking new opportunities for both traditional financial institutions and established trading firms to participate in onchain yield strategies within a regulated framework.
“Tokenized money market funds like QCDT represent a foundational bridge between traditional finance and DeFi,” said by Belle, Head of BD at Mantle. “By leveraging Mantle’s modular infrastructure, we are enabling compliant, high-value assets to move onchain, setting the stage for scalable institutional adoption.”
Powered by DMZ Finance, QCDT combines the security of regulated financial products with the efficiency of blockchain settlement. The collaboration with Bybit unlocks seamless integration between traditional capital and onchain liquidity — a major milestone in advancing tokenized finance.
“At DMZ Finance, our mission is to make real-world assets accessible in digital form,” said Nathan Ma, Co-founder and Chairman of DMZ Finance. “Working with Mantle and Bybit demonstrates how tokenization can bring innovation to institutional markets while bridging liquidity and access for more TradF and Web3 investors.”
