The Hashgraph Association, a partner with Qatar Financial Centre (QFC) Digital assets Lab announced on LinkedIn, 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.
This is part of the partnership that was signed with QFC for a $50 million Digital Assets Venture Studio to develop the Web3 and DLT innovation ecosystem in Qatar.
As per the post, the QFC, and Qatar Central Bank digital assets framework recently announced in September was a major milestone establishing a comprehensive legal and regulatory foundation for tokenization, smart contracts, and asset custody, ensuring compliance and security.
The Hashgraph Association post noted, “These regulations strengthen The Hashgraph Association’s role in fostering innovation and trust within the digital assets ecosystem, further solidifying the region’s position as a global leader in fintech. By providing knowledge exchange, international visibility, and regulatory clarity, QFC and The Hashgraph Association are propelling the region toward the forefront of digital asset technology.”
R3 also one of the QFC partners for the Digital Assets Lab also noted as well that it will power tokenization projects across Qatar’s financial industry.
