The Qatar Financial Centre (QFC), one of the region’s leading onshore and offshore financial centres, has launched its Digital Asset Lab with 24 participants who have passed a rigorous selection process.
These participants will benefit from a comprehensive support system to develop, test and market their digital solutions and services.
Participants will develop innovative solutions tailored to meet diverse needs across industries.
By employing blockchain technology, these innovators aim to address industry challenges and drive digital transformation in their fields.
Companies participating in this initiative include ALT Realtech, Bladelabs, Polygon, and Partior.
To enhance the efficiency of the Digital Asset Lab, QFC has entered into partnerships with prestigious international organizations such as:
Google Cloud وMasraf Al Rayan وThe Hashgraph Association وR3.
These partnerships will provide participants with specialized expertise, along with valuable industry insights.
A full list of partners and participants can be found on the QFC website.
The lab supports stakeholders in exploring and implementing diverse use cases, including trade finance, real asset tokenization (RWA), carbon credit tokenization…
These operations will be carried out in accordance with the newly launched Digital Asset Framework of the Qatar Financial Centre, which aims to build a secure and transparent ecosystem for digital assets, tokenization operations and technology infrastructure.
Yousef Mohamed Al-Jaida, CEO of the Qatar Financial Centre, commented on the importance of this initiative, saying:
I am pleased that the Digital Assets Lab has officially launched, with 24 participants working on technologies with multiple applications.
Their efforts and expertise will be pivotal in developing digital asset solutions across various industries.
Through the lab, we aim to support our goal of creating a resilient and secure financial sector, and to enhance Qatar’s position as a leading hub for innovation.
The QFC Digital Asset Lab was launched in October 2023, with the aim of accelerating the development of the digital ecosystem in Qatar, and providing a platform to transform promising digital ideas into advanced technologies applicable in various fields.
About Qatar Financial Centre:
The Qatar Financial Centre is an inland business and financial centre located in Doha, providing an ideal environment for companies wishing to do business in Qatar and the region.
The Centre features a special legal, regulatory and commercial environment, allowing foreign companies up to 100% ownership and 100% repatriation of profits, with a competitive 10% tax on local profits.
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