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

OpenAI Launches GPT56 Sol Ultrafast, Boosting AI Speed and Efficiency

chest

OpenAI has launched a limited preview of GPT56 Sol Ultrafast, a new service tier that significantly increases the speed of its AI model.

user avatarMiguel Rodriguez

Google Unveils Gemini 37 Flash, Its Most Intelligent AI Model Yet

chest

Google has launched Gemini 37 Flash, an AI model optimized for coding and business workflows, offering significant speed and efficiency improvements.

user avatarRajesh Kumar

UBS Considers Cryptocurrency Trading for Private Banking Clients

chest

UBS is evaluating cryptocurrency trading options for private banking clients in Switzerland, with potential expansion to Asia-Pacific and US markets.

user avatarArif Mukhtar

UBS Significantly Boosts Bitcoin ETF Holdings

chest

UBS has significantly increased its Bitcoin ETF holdings, tripling its stake in BlackRock's iShares Bitcoin Trust to approximately 90 million shares.

user avatarLuis Flores

Alphabet Diversifies Stock Portfolio in Q2 2026

chest

Alphabet has updated its stock portfolio, now owning 28 stocks across various sectors to ensure long-term growth.

user avatarMaria Gutierrez

SpaceX Drops AMD in Favor of Nvidia for AI Projects

chest

SpaceX announced it will exclusively use Nvidia chips for AI projects, dropping AMD, during a quarterly earnings call on August 4, 2023.

user avatarDavid Robinson

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.