The Hashgraph Association (THA), a non-governmental organization that builds ecosystems using Hedera Hashgraph’s decentralized ledger technology, announced that it will explore five digital asset use cases with stakeholders in Qatar over the next twelve months.

In a statement on LinkedIn, THA said it will examine the tokenization of equities, real estate, and the Islamic financial instrument sukuk. It will also explore sustainability-focused digital asset use cases such as carbon credits.

The Qatar Financial Center Authority (QFCA) and the Qatar Financial Center Regulatory Authority (QFCRA) issued a set of regulations regulating digital assets on September 1. THA believes that these regulations will help its work in the local digital asset ecosystem and strengthen the region’s global position in the financial technology space.

At the Qatar Economic Forum in May, THA and QFC announced the creation of a $50 million digital asset venture studio to support firms developing Hedera-based solutions. This program will run from 2024 to 2028.

What do you think about these developments? Share your thoughts in the comments.