As a testing ground for emerging technology, business model, products and service, etc the Digital Assets Lab, currently explores various potential use cases, including the Carbon Markets Ecosystem, Private Company Shares Tokenisation, Bond/Sukuk Issuance and Tokenisation, and Real Estate Tokenisation, while also supporting other innovative applications.
The central idea is to enhance efficiency, security, and transparency of financial transactions through these specialised technologies, creating room for new business models and financial products.
Participants of the Digital Assets Lab enjoy a number of benefits such as access to Qatar’s business ecosystem, infrastructure and resources to experiment concepts, and operational support with the provision of well-equipped, co-working spaces. They also gain collaboration opportunities with QFC experts as well as its global partners in diverse fields, in addition to receiving insights into Qatar’s regulatory environment for digital assets.
Fundamentally, through the Lab the participants can find the relevant support for commercial registration and licensing.
To ensure the consistent development of the ecosystem, QFC has collaborated with various banks, fintechs, technology companies and technology infrastructure providers.
In tandem with the activation of the Digital Assets Lab, the QFC Digital Assets Framework 2024 has been issued by the platform. Serving as a comprehensive guide for digital asset businesses within the QFC jurisdiction, the framework sets in place legal and regulatory structures spanning different aspects of digital assets.
These include ownership, custody arrangements, transfer, trading, exchange, and smart contracts.
The framework forms an essential cornerstone of Qatar’s burgeoning digital assets market by establishing standards for asset tokenisation and advocating for a trusted technology infrastructure that drive value for consumers, service providers and stakeholders.
In addition, QFC has also developed various user guides to help current and future participants of the digital assets sector in Qatar.
Public and private partnership will be central to QFC’s mission to contribute to the development of the digital assets sector. To this end, QFC continues to put emphasis on continuous enrichment of the regulations and support for the development of the Lab.
The Digital Assets Lab builds on QFC’s firm commitment to drive economic diversification and cement Qatar’s position as a global leader in financial services.
It supports QFC’s long-term goals to foster continuous innovation, attract top global talent, and boost the adoption of financial technologies within the financial industry.
