DMZ Finance and Mantle Community have formally launched the world’s first tokenized cash market fund onchain, with the Dubai Monetary Providers Authority (DFSA)-approved QCDT going reside on Mantle.
The announcement comes practically two months after Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, added assist for QCDT.
Bybit grew to become the primary crypto alternate to make the transfer, disclosing a partnership with QNB Group and DMZ Finance to combine a DFSA-approved tokenised cash market fund as collateral.
QCDT now expands to Mantle’s scalable layer-2 infrastructure because the crypto house witnesses additional integration of decentralized finance (DeFi) and institutional-grade belongings. MNT, the native Mantle token, was up practically 3% amid the information.
Mantle brings a DFSA-approved tokenized cash market fund onchain
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DMF Finance stated in its announcement that it was working with Mantle and Bybit to deliver QCDT onchain.
The aim is to permit for additional adoption of QCDT, a regulated, yield-bearing token backed by Qatar Nationwide Financial institution, DMZ Finance, and Normal Chartered.
The MMF presents entry to institutional-grade publicity of onchain finance, the agency famous.
Deployment on Mantle’s modular L2 chain comes amid market demand for real-world asset merchandise delivered onchain.
“At DMZ Finance, our mission is to make real-world belongings accessible in digital kind,” stated Nathan Ma, co-founder and chairman of DMZ Finance.
Working with Mantle and Bybit demonstrates how tokenization can deliver innovation to institutional markets whereas bridging liquidity and entry for extra TradF and Web3 buyers.
By 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 case of adoption, customers will work together with the fund by way of DMZ Finance’s regulated platform within the Dubai Worldwide Monetary Centre (DIFC).
“Tokenized cash market funds like QCDT characterize a foundational bridge between conventional finance and DeFi,” stated Belle, head of enterprise improvement at Mantle.
By leveraging Mantle’s modular infrastructure, we’re enabling compliant, high-value belongings to maneuver 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 by way of ongoing audits as of November 2025.
Mantle, DMZ eye extra traction
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In line with particulars, the collaboration between DMZ Finance and Mantle is just beginning. The corporations envision a broader ecosystem of tokenized belongings, and plans embody onboarding extra funds.
Euro-denominated MMFs are within the pipeline, as are integrations throughout the ecosystem to spice up international attain.
The companions goal to assist over $500 million in tokenized RWAs on Mantle, concentrating on underserved segments like household places of work and sovereign wealth funds searching for diversified, compliant portfolios.
Mantle boasts over $4 billion in community-owned belongings onchain, whereas native token MNT lately acquired a significant increase with a key Anchorage Digital integration.
Aside from Anchorage and DMZ Finance, tasks with vital ecosystem partnerships involving Mantle embody Ethena, Ondo, OP-Succinct, and EigenLayer.
