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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Advanced AI Accelerates Cyberattack Risks for Banks

chest

A new paper highlights the increasing threat posed by advanced AI to banks' cybersecurity, emphasizing the need for faster software repairs.

user avatarLucas Weissmann

US Stock Market Faces Turmoil Amid Rising Bond Yields and Oil Prices

chest

The US stock market is facing significant declines due to rising bond yields and increasing oil prices, influenced by geopolitical tensions.

user avatarFilippo Romano

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

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.