DMZ Finance and Mantle Network have officially launched the world’s first tokenized money market fund onchain, with the Dubai Financial Services Authority (DFSA)-approved QCDT going live on Mantle.
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 the move, disclosing a partnership with QNB Group and DMZ Finance to integrate a DFSA-approved tokenised money market fund as collateral.
QCDT now expands to Mantle’s scalable layer-2 infrastructure as the crypto space witnesses further integration of decentralized finance (DeFi) and institutional-grade assets. MNT, the native Mantle token, was up nearly 3% amid the news.
Mantle brings a DFSA-approved tokenized money market fund onchain
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DMF Finance said in its announcement that it was working with Mantle and Bybit to bring QCDT onchain.
The goal is to allow for further adoption of QCDT, a regulated, yield-bearing token backed by Qatar National Bank, DMZ Finance, and Standard Chartered.
The MMF offers access to institutional-grade exposure of onchain finance, the firm noted.
Deployment on Mantle’s modular L2 chain comes amid market demand for real-world asset products delivered onchain.
“At DMZ Finance, our mission is to make real-world assets accessible in digital form,” said Nathan Ma, co-founder and chairman of DMZ Finance.
Working with Mantle and Bybit demonstrates how tokenization can bring innovation to institutional markets while bridging liquidity and access for more TradF and Web3 investors.
By leveraging Mantle’s architecture, the tokenized MMF achieves near-instantaneous settlement times and minimal transaction fees, while maintaining the security of Ethereum’s base layer.
In the case of adoption, users will interact with the fund through DMZ Finance’s regulated platform in the Dubai International Financial Centre (DIFC).
“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 onchain, setting the stage for scalable institutional adoption.
Central to the product’s success is the groundbreaking DFSA endorsement, secured in December 2024 and reaffirmed through ongoing audits as of November 2025.
Mantle, DMZ eye more traction
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According to details, the collaboration between DMZ Finance and Mantle is only starting. The firms envision a broader ecosystem of tokenized assets, and plans include onboarding additional funds.
Euro-denominated MMFs are in the pipeline, as are integrations across the ecosystem to boost global reach.
The partners aim to support over $500 million in tokenized RWAs on Mantle, targeting underserved segments like family offices and sovereign wealth funds seeking diversified, compliant portfolios.
Mantle boasts over $4 billion in community-owned assets onchain, while native token MNT recently received a major boost with a key Anchorage Digital integration.
Other than Anchorage and DMZ Finance, projects with critical ecosystem partnerships involving Mantle include Ethena, Ondo, OP-Succinct, and EigenLayer.