DFSA-Approved Tokenized MMF QCDT Goes Onchain via Mantle

Mantle Network, DMZ Finance and Bybit have launched QCDT, the first DFSA-approved tokenized money market fund (MMF) onchain. Co-developed with Qatar National Bank and Standard Chartered, QCDT runs on Mantle’s modular Layer-2 infrastructure to deliver institutional-grade yield through a regulated tokenized money market fund. Bybit now accepts QCDT as collateral, allowing qualified institutions to use MMF units backed by U.S. Treasuries as margin. This integration unlocks up to $1 billion in borrowing capacity, enabling financial firms to deploy onchain yield strategies within a compliant framework. QCDT bridges traditional finance and DeFi by combining DMZ Finance’s tokenization expertise, Mantle’s scalable blockchain architecture and Bybit’s exchange infrastructure. Belle, Head of BD at Mantle, says the project paves the way for large-scale institutional adoption of real-world assets onchain. Nathan Ma, co-founder of DMZ Finance, highlights improved liquidity and access for both TradFi and Web3 investors. The launch advances Mantle’s Real-World Asset strategy, reinforcing its role as a gateway for tokenized assets such as mETH and fBTC.