Qatar Financial Centre to create carbon token markets

Qatar Financial Centre to create carbon token markets

As per an article in Qatar Times, The Qatar Financial Centre (QFC) is creating an ecosystem for tokenized carbon markets. The market will not only facilitate cross-border carbon credit movements but also enable tokens produced in various countries to be easily exchanged. “The carbon markets ecosystem will be tested within the lab environment to validate its functionality, efficiency, and potential impact on carbon offset initiatives,” the QFC said.

It was one of the innovation challenges at QFC Digital Assets Lab. The tokenisation of carbon credits is aligned with the global linking of the currently “fragmented” carbon markets, and facilitates the cross-border movement of carbon credits; the interoperability of DLT (distributed ledger technology) protocols will enable tokens produced in different countries to be easily exchanged, it added.

The objectives of creating carbon markets ecosystem are to develop and test a DLT-powered platform that facilitates the tokenisation, trading and verification of carbon credits.

“The QFC aims to collaborate with industry stakeholders to coordinate the advancement of digital utilities and platforms that enable the smooth and reliable flow of environmental, social and governance (ESG) data,” it said.

These initiatives would play a crucial role in aiding financial institutions and businesses to channel capital to sustainable projects, while also monitoring commitments and evaluating the overall impact, according to it.

“The QFC will partner with domestic and international Greentech providers and stakeholders to develop the network which will include a disclosure portal, registry, and a marketplace/exchange,” it said.

The carbon credit tokenisation involves the migration of information and features of carbon credits onto a DLT, where these credits are represented as tokens and can also be directly issued on DLT, with all associated attributes publicly accessible.

Each carbon credit corresponds to a carbon token, establishing a one-to-one relationship, it said, adding the QFC’s role is to establish the rules for the lab as well as getting approvals, monitoring participation, intervening when there is non-compliance and commercial establishment. “The QFC will support the development of the ecosystem,” it said, “in looking forward, QFC acknowledges that the digital assets landscape is constantly evolving, and innovative solutions continue to emerge.”

The endeavour would be to design carbon offsets projects in consultation with stakeholders and sells carbon credits to buyers. The QFC ecosystem would ensure setting standards for carbon credit quality, certify and issue carbon credits, and have a registry to track certified credit projects and credits issuance and retirement.

Earlier The Hashgraph Association had announced that they had partnered with Qatar Financial Centre (QFC) Digital assets Lab noting that within the next 12 months it will work together with stakeholders to explore implementing five innovative use cases, in the areas of equity tokenization, Sukuk Islamic Bonds tokenization, real estate tokenization, sustainability ESG Carbon credits, as well as consumer engagement and loyalty programs.

Powered by Qatar Central Bank, QFC launches its metaverse

Powered by Qatar Central Bank, QFC launches its metaverse

The Qatar Financial Centre (QFC) during the Web Summit event launched the QFC metaverse powered by Qatar Central Bank. The QFC metaverse builds on the success of the Digital Assets Lab and is designed to serve as an immersive digital platform for business engagement, collaboration and innovation.

QFC firms will be able to showcase their achievements, interact with global partners, and explore business opportunities. It will also act as a hub for virtual workshops, training sessions, and expert led discussion. Financial institutions, corporates, fintech firms, and startups will have the opportunity to connect, share insights, and drive innovation in an increasingly digitized world.

Addressing a press conference to announce the launch of QFC Metaverse, QFC CEO Yousuf Mohamed Al Jaida emphasized the significance of the initiative. He explained, “We see the QFC Metaverse as a gateway to the future of finance, a space where borders fade, partnerships flourish, and ideas can grow beyond what we thought possible. Through this platform, we will build a financial district and fintech hub that can easily be accessed by anyone from anywhere in the world.”

Al Jaida further highlighted that the QFC Metaverse is a core element of Qatar’s broader vision to drive digital transformation in the financial sector. “By harnessing emerging technologies, we are driving economic growth, fostering innovation, and laying strong foundations for thriving financial and digital sectors, positioning Qatar as a leader in these domains,” he added.

In a LinkedIn post, Aditya Kumar SinhaAditya Kumar Sinha, Head of Fintech and Digital Innovation at QFC noted, “We are proud to share that at Web Summit Qatar 2025, the Qatar Financial Centre (QFC) Authority officially launched the QFC Metaverse—a game-changing virtual platform designed to transform business engagement, collaboration, and innovation. He added that whether you’re an entrepreneur, investor, or innovator, the QFC Metaverse offers endless opportunities to collaborate and thrive.