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DMZ Finance and Mantle launched QCDT, the first DFSA-approved tokenized money market fund to go on-chain, bringing regulated yield to Mantle Network. The partners say qualified institutions can use the fund’s on-chain units in a compliant way, with exchange connectivity via Bybit to support borrowing against those holdings.
In a joint release, the companies announce deployment of QCDT on Mantle’s Layer-2. The fund was co-developed with Qatar National Bank and Standard Chartered, and aims to place short-duration, dollar-backed exposure on-chain for institutional users while keeping oversight under Dubai’s financial center rules.
“Tokenized money market funds like QCDT represent a foundational bridge between traditional finance and DeFi,” said Belle, Head of Business Development at Mantle. “By leveraging Mantle’s modular infrastructure, we are enabling compliant, high-value assets to move on-chain, setting the stage for scalable institutional adoption.”
Today’s move follows DFSA’s earlier green light for the QCD money market fund structure in July 2025. At the time, CoinDesk report approval, noting the vehicle’s role in bringing U.S. Treasury exposure on-chain with QNB leading investment strategy and DMZ Finance supplying the digital architecture.
Ahead of the on-chain rollout, Bybit said it would accept QCDT as collateral, creating up to $1 billion in borrowing capacity for qualified institutions. Morningstar’s wire desk accept collateral from QCDT, describing it as a DFSA-approved, U.S. Treasuries-backed instrument that links traditional liquidity with on-chain markets.
