Qatar Financial Authority to tokenize Qatar’s tourism experience

Qatar Financial Authority (QFC) has signed an MOU ( Memorandum of Understating) with Visit Qatar making them a national partner of QFC Digital Assets Lab. Visit Qatar will explore blockchain powered visitor experience including token-based rewards, cultural heritage digital collectibles, tokenized tourism packages and smart contract enabled services.

QFC has licensed eXplorins, as the token service provider under the QFC Digital Assets Framework to support the first tokenized rewards project by Visit Qatar.

eXplorins noted on LinkedIn as well ” We are honored to celebrate the landmark MoU signed between Visit Qatar and the Qatar Financial Centre (QFC) Authority, a strategic collaboration that places Qatar at the forefront of Smart Tourism and digital-asset innovation. We are proud to contribute our technology to an ambitious national vision shaped by Visit Qatar and the Qatar Financial Centre.”

The Qatar Financial Authority, launched the Digital Assets Lab back in 2024, to help develop projects that would entail tokenization, digital assets in the financial and others sectors. At the time companies like R3, Taurus, SettleMint and The Hashgraph Association became partners with many entities signing up to test their solutions in the lab.

Qatar Financial Centre (QFC) witnessed record growth in 2024, welcoming 836 new firms to its platform, a 156 percent growth compared to 2023 as well as 29 firms into its Qatar Digital Assets Lab.