MONEY MARKET

A major U. S. bank is stepping into the world of digital money. BNY, a well-known name in traditional banking, has just launched a new fund. This fund is not for regular investments. It's designed to support stablecoins, a type of digital money that's tied to the value of real-world currencies like the U. S. dollar. Stablecoins are becoming more popular. They're use...

The Dubai International Financial Centre (DIFC) has introduced its first regulated tokenized money market fund, named QCD Money Market Fund. This fund, represented by units in QCDT, is a joint effort involving QNB Group, Standard Chartered, and DMZ Finance. QNB Group, the largest bank in the Middle East and Africa, is the driving force behind this fund, while DMZ Fin...