DMZ Finance and Mantle Network have launched Dubai Financial Services Authority (DFSA)-approved QCDT on Mantle, officially launching the world's first tokenized money market fund on-chain.
The announcement comes nearly two months after Bybit, the world's second-largest cryptocurrency exchange by trading volume, added support for QCDT.
Bybit became the first crypto exchange to make this move, revealing a partnership with QNB Group and DMZ Finance to integrate DFSA-approved tokenized money market funds as collateral.
As the cryptocurrency space continues to see further integration of decentralized finance (DeFi) and institutional-grade assets, QCDT is now being extended to Mantle's scalable Layer 2 infrastructure. Following this news, native Mantle token MNT rose nearly 3%.
Mantle brings DFSA-approved tokenized money market funds on-chain
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DMF Finance said in an announcement that it is working with Mantle and Bybit to bring QCDT on-chain.
The goal is to enable further adoption of QCDT, a regulated yield token backed by Qatar National Bank, DMZ Finance and Standard Chartered.
The company noted that MMFs provide access to institutional-level exposure in on-chain finance.
Mantle's introduction to modular L2 chains comes amid market demand for real-world asset products delivered on-chain.
“DMZ Finance's mission is to make real-world assets accessible in digital format,” said Nathan Marr, co-founder and chairman of DMZ Finance.
Our collaboration with Mantle and Bybit demonstrates how tokenization can bring innovation to the institutional market and bridge liquidity and access to more TradF and Web3 investors.
By leveraging Mantle's architecture, tokenized MMFs deliver near-instant settlement times and minimal transaction fees while maintaining the security of Ethereum's base layer.
Upon implementation, users will interact with funds through DMZ Finance's regulated platform located at the Dubai International Financial Center (DIFC).
“Tokenized money market funds like QCDT have become a fundamental bridge between traditional finance and DeFi,” said Bell, head of business development at Mantle.
By leveraging Mantle's modular infrastructure, we enable the movement of compliant, high-value assets on-chain, making them ready for scalable institutional deployments.
Central to the product's success is the landmark DFSA approval, which was secured in December 2024 and reaffirmed through ongoing audits as of November 2025.
Mantle, DMZ traction is further improved
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According to details, the cooperation between DMZ Finance and Mantle is still in its infancy. The companies envision a broader ecosystem of tokenized assets, with plans to introduce additional funds.
Euro-denominated MMFs are in the pipeline, as is ecosystem-wide integration to expand global reach.
Partners aim to support over $500 million in tokenized RWA on Mantle, target underserved segments such as family offices and sovereign wealth funds, and seek diversified and compliant portfolios.
Mantle boasts over $4 billion of community-owned assets on-chain, but its native token MNT recently received a significant boost with the significant Anchorage Digital integration.
In addition to Anchorage and DMZ Finance, other projects with significant ecosystem partnerships involving Mantle include Ethena, Ondo, OP-Succinct, and EigenLayer.
