Custom-designed digital assets studio key enabler for local firms

Doha, Qatar: International companies are thriving to build well established digital assets venture studios to help Qatari and foreign entities impleme...

Doha, Qatar: International companies are thriving to build well-established digital assets venture studios to help Qatari and foreign entities implement regulatory-compliant and structured financial products along with digital asset solutions.

In an interview with The Peninsula, Kamal Youssefi, President of The Hashgraph Association (THA) expressed that the partnership with Qatar Financial Center (QFC) will offer expertise and industry insights to guide participants in the Digital assets lab.

He said: “We will offer our knowledge into the realm of tokenization of real-world financial assets. This is now even more applicable after QFC and the Central Bank of Qatar released the digital assets framework and have onboarded the first 24 participants.”

The newly launched Qatar’s digital asset framework will not only allow organisations to tokenize securities, bonds, property, and other financial assets but also build token exchanges enabling the trade of these tokenized assets to increase liquidity in the financial market sector.

The official stressed that the company aims to build an innovative Web3 ecosystem for enterprises, governments, and entrepreneurs across the globe by partnering with QFC.