Hashgraph Association to Explore Five Digital Asset Use Cases in Qatar

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Exploration of Digital Assets
  2. Regulatory Framework for Digital Assets in Qatar
  3. $50 Million Partnership with Qatar Financial Centre


    4. The Hashgraph Association (THA), a nonprofit organization utilizing Hedera Hashgraph’s decentralized ledger technology, announced a collaboration with Qatari stakeholders to explore five digital asset use cases over the next twelve months.

    Exploration of Digital Assets

    The organization stated on its official LinkedIn platform that it would explore tokenization of equities, real estate, and sukuk, an Islamic financial instrument similar to conventional bonds. The nonprofit also plans to investigate digital asset use cases for sustainability, such as carbon credits. Additionally, THA announced it would include consumer engagement and loyalty programs in its exploration of digital asset use cases with Qatari stakeholders.

    Regulatory Framework for Digital Assets in Qatar

    On September 1, the Qatar Financial Centre Regulatory Authority (QFCRA) and the Qatar Financial Centre (QFC) released a set of regulations governing digital assets. According to THA, the creation of these regulations would assist in their work within the local digital assets ecosystem and bolster the region’s global position in financial technology. THA wrote: "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."

    $50 Million Partnership with Qatar Financial Centre

    The new update is part of THA’s ongoing partnership with QFC, announced earlier this year. At the Qatar Economic Forum on May 16, THA announced a $50 million partnership with QFC to create a digital assets venture studio that will support Qatari and international firms in developing regulatory-compliant solutions built on Hedera. The venture studio will invest in Hedera-powered enterprises and startups building decentralized finance (DeFi) projects. The program will run from 2024 to 2028.

    The collaboration between the Hashgraph Association and the Qatar Financial Centre aims to explore and support digital asset use cases while strengthening the region’s position in the fintech industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Core Release Candidate Fixes SQL Connection Pool Deadlock

The latest release candidate addresses a deadlock issue in the SQL connection pool, crucial for node reliability.

user avatarElias Mukuru

Bitcoin Core's October 22 Release Candidate Enhances Wallet Security

The October 22 release candidate of Bitcoin Core introduces important changes to enhance wallet security by bounding fee estimates.

user avatarDiego Alvarez

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Ripple's Swell and Apex Conference Scheduled for October

Ripple's Swell conference is scheduled for October 27-29 in New York, merging with the Apex developer gathering to discuss payments, tokenization, stablecoins, and XRP utility.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.