Groundbreaking Launch of DFSA-Approved Tokenized Money Market Fund by DMZ Finance and Mantle

The Launch of QCDT: A New Era in Tokenized Finance

On November 12, 2025, a significant milestone in the world of finance was achieved with the announcement of QCDT, the first-ever tokenized money market fund (MMF) approved by the Dubai Financial Services Authority (DFSA). This groundbreaking initiative comes from the collaboration between DMZ Finance, Mantle, and Bybit, aiming to bridge the gap between traditional finance and decentralized finance (DeFi).

What is QCDT?

QCDT, which stands for Qatar Digital Token, is a regulated, yield-bearing token co-launched by prominent financial institutions including Qatar National Bank and Standard Chartered. This fund provides institutional-grade exposure to on-chain finance, allowing for greater accessibility and ease of investment in the rapidly evolving digital landscape. By positioning itself alongside leading global tokenized money market funds such as BUIDL and BENJI, collectively referred to as "BBQ," QCDT aims to set a new standard in the financial sector.

The Mechanics Behind QCDT

Leveraging the extensive capabilities of the Mantle Network's modular Layer-2 architecture, QCDT aims to deliver real-world yields in a compliant and efficient manner. Its integration into Bybit makes it a unique offering; Bybit has become the first global exchange to accept QCDT as collateral. This strategic move enables qualified institutions to use the tokenized MMF units as margin collateral, backed by U.S. Treasuries, thus unlocking borrowing capacities of up to USD 1 billion.

Making Financial Strategies Within Reach

Belle, the Head of Business Development at Mantle, commented on this initiative by stressing the importance of tokenized money market funds in combining traditional finance with DeFi. The integration of such funds creates an avenue for high-value assets to transition on-chain while maintaining compliance — paving the way for scalable institutional adoption in the digital finance realm.

Advantages of Tokenization

Tokenization of money market funds represents a fundamental shift in how assets can be managed, traded, and liquidated. By combining regulated products' security with the efficiency of blockchain technology, institutions can enjoy seamless integration between traditional capital and on-chain liquidity. Nathan Ma, Co-founder and Chairman of DMZ Finance, emphasizes that the mission at DMZ Finance is to make real-world assets more accessible in digital form, showing how tokenization can inject innovation into institutional markets.

Mantle's Vision for Real-World Assets

The deployment of QCDT not only enhances Mantle's standing in the realm of tokenized finance but also underscores their commitment to advancing Real-World Asset (RWA) strategies. By integrating regulated yield-bearing assets into on-chain environments, Mantle aims to establish itself as a reliable liquidity and distribution layer for compliant financial instruments. This, in turn, will support the creation of principal-protected yield products and institutional-grade capital markets powered by blockchain technology.

The Ecosystem of Mantle

Mantle has positioned itself effectively within this market, offering over $4B in community-owned assets, which includes partnerships with top issuers and protocols like Ethena USDe and Ondo USDY. With the essential infrastructure provided by Mantle being complemented by initiatives from Bybit, the journey towards large-scale adoption of tokenized finance appears more attainable than ever.

Conclusion

The introduction of the QCDT symbolizes a significant progression towards a future where traditional and decentralized finance can coexist and thrive together. As financial institutions continue to seek innovative solutions, the collaboration of DMZ Finance, Mantle, and Bybit stands as a testament to the evolution of the financial landscape — one where accessibility, compliance, and efficiency are no longer mutually exclusive.

Continuing forward, the financial community can anticipate further developments in tokenized funds and related innovations as this collaborative effort sets the stage for the next phase in the integration of digital finance into the global economy.