Mantle Network Hosts World's First DFSA-Approved Tokenized Money Market Fund

DMZ Finance, in collaboration with Mantle and Bybit, has launched QCDT, the world's first DFSA-approved tokenized money market fund (MMF), on Mantle Network's modular Layer-2 infrastructure. Co-launched by Qatar National Bank, DMZ Finance, and Standard Chartered, QCDT is a regulated, yield-bearing token that provides institutional-grade exposure to on-chain finance, positioning it alongside other major tokenized MMFs like BUIDL and BENJI under the "BBQ" collective.

Bybit has become the first global exchange to accept QCDT as collateral, enabling qualified institutions to use these tokenized units as margin collateral backed by U.S. Treasuries. This integration offers up to USD 1 billion in borrowing capacity, facilitating new opportunities for traditional financial institutions and trading firms to engage in on-chain yield strategies within a compliant framework.

Belle, Head of BD at Mantle, emphasized that "tokenized money market funds like QCDT represent a foundational bridge between traditional finance and DeFi," highlighting how Mantle's infrastructure supports scalable institutional adoption. Nathan Ma, Co-founder and Chairman of DMZ Finance, added that the collaboration "demonstrates how tokenization can bring innovation to institutional markets while bridging liquidity and access for more TradFi and Web3 investors."

This deployment advances Mantle's Real-World Asset (RWA) strategy, reinforcing its role as a liquidity and distribution layer for tokenized assets. With over $4 billion in community-owned assets and partnerships with protocols like Ethena USDe and Ondo USDY, Mantle aims to pave the way for principal-protected yield instruments and institutional-grade capital markets on blockchain.