Mantle launches DFSA-approved tokenized money market fund onchain

DMZ Finance and Mantle Community have formally launched the world’s first tokenized cash market fund onchain, with the Dubai Monetary Companies Authority (DFSA)-approved QCDT going stay on Mantle.

The announcement comes practically two months after Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, added help for QCDT.

Bybit turned the primary crypto alternate to take this step, unveiling a partnership with QNB Group and DMZ Finance to combine a DFSA-approved tokenized cash market fund as collateral.

QCDT is now increasing to Mantle’s scalable layer-2 infrastructure because the crypto house witnesses the additional integration of decentralized finance (DeFi) and institutional-grade belongings. MNT, the native Mantle token, rose virtually 3% on the information.

Mantle brings a DFSA-approved tokenized cash market fund onchain

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DMF Finance mentioned in its announcement that it was working with Mantle and Bybit to deliver QCDT onchain.

The goal is to allow additional adoption of QCDT, a regulated, yield-bearing token backed by Qatar Nationwide Financial institution, DMZ Finance and Commonplace Chartered.

The MMF supplies entry to institutional publicity to onchain financing, the corporate mentioned.

The deployment on Mantle’s modular L2 chain is pushed by market demand for real-world asset merchandise delivered onchain.

“At DMZ Finance, our mission is to make real-world belongings accessible in digital kind,” mentioned Nathan Ma, co-founder and chairman of DMZ Finance.

Working with Mantle and Bybit exhibits how tokenization can deliver innovation to institutional markets whereas bridging liquidity and entry for extra TradF and Web3 traders.

Leveraging Mantle’s structure, the tokenized MMF achieves near-instantaneous settlement occasions and minimal transaction charges, whereas sustaining the safety of Ethereum’s base layer.

Within the occasion of adoption, customers will work together with the fund via DMZ Finance’s regulated platform on the Dubai Worldwide Monetary Middle (DIFC).

“Tokenized cash market funds like QCDT characterize a basic bridge between conventional finance and DeFi,” mentioned Belle, head of enterprise growth at Mantle.

By leveraging Mantle’s modular infrastructure, we guarantee compliant, high-quality belongings could be moved on-chain, paving the way in which for scalable institutional adoption.

Central to the product’s success is its groundbreaking DFSA approval, which was achieved in December 2024 and reaffirmed via ongoing audits from November 2025.

Shroud, DMZ eye extra traction

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In keeping with particulars, the collaboration between DMZ Finance and Mantle is simply getting began. The businesses envision a broader ecosystem of tokenized belongings, and plans embrace onboarding extra funds.

Euro-denominated cash market funds are within the pipeline, as are integrations throughout the ecosystem to extend world attain.

The companions goal to help greater than $500 million in tokenized RWAs on Mantle, concentrating on underserved segments reminiscent of household places of work and sovereign wealth funds on the lookout for diversified, compliant portfolios.

Mantle has over $4 billion in community-owned belongings on-chain, whereas native token MNT just lately bought a giant enhance with a significant Anchorage Digital integration.

Along with Anchorage and DMZ Finance, crucial ecosystem partnership tasks involving Mantle embrace Ethena, Ondo, OP-Succinct and EigenLayer.