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

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.