Key Takeaways
- Crypto.com and DMCC have partnered to advance tokenised commodities infrastructure using blockchain technology.
- The collaboration aims to reduce settlement friction, improve transparency, and broaden access to global commodity markets.
Crypto exchange Crypto.com is collaborating with DMCC, Dubai’s leading business hub and trade center, to advance the use of tokenised real-world assets across global commodities markets.
As part of a newly signed Memorandum of Understanding, the partnership will explore blockchain-based solutions designed to modernize how commodities are financed, traded, and settled, with a focus on improving transparency, reducing friction, and widening access to markets, according to Crypto.com.
The parties will also assess the potential listing of tokenised commodities on the Crypto.com Exchange, while exploring custody frameworks, liquidity facilitation solutions, and digital asset payment use cases across DMCC’s digital platforms.
DMCC said tokenization has the potential to transform commodity markets by improving transparency and market access while reducing friction in financing and settlement.
Crypto.com will also work with the DMCC Crypto Centre on a range of education- and technology-focused programs, including workshops, hackathons, and capability-building initiatives to support businesses exploring tokenised asset models.
DMCC, founded in 2002, oversees and promotes trade in major commodities including gold, diamonds, energy, tea, and crypto assets, driving roughly 15% of Dubai’s foreign direct investment.
It has partnered with the Dubai Virtual Assets Authority (VARA) to advance the global infrastructure for tokenised commodities, supporting a secure, compliant, and scalable framework for integrating real-world assets into the digital economy.
Source: https://cryptobriefing.com/tokenised-commodities-infrastructure-dubai/
