The Hashgraph Association (THA), a nonprofit championing the Hedera Hashgraph’s decentralized ledger technology, is diving deep into Qatar’s digital future.
Over the next 12 months, THA will collaborate with local stakeholders to explore five groundbreaking digital asset use cases.
From tokenizing equities, real estate, and sukuk (a Sharia-compliant bond) to pushing sustainability with carbon credits, THA is set to expand Qatar’s digital asset landscape. Adding to the announcement, they’ll explore the potential for consumer engagement and loyalty programs—all built on Hedera’s robust platform.
In a game-changing move, Qatar has released a digital assets regulatory framework. On September 1st, the Qatar Financial Centre Authority and the Qatar Financial Centre Regulatory Authority introduced fresh regulations that aim to position the country as a fintech leader.
According to THA, these new rules will play a crucial role in boosting innovation, trust, and regulatory clarity in Qatar’s digital asset ecosystem.
$50 Million Digital Venture Studio: A Fintech Game Changer
Earlier this year, at the Qatar Economic Forum, THA revealed its $50 million partnership with the Qatar Financial Centre (QFC) to launch a digital assets venture studio.
Running from 2024 to 2028, this initiative will support both Qatari and international startups, providing resources for research and development in decentralized finance (DeFi).
The venture studio will focus on building regulatory-compliant tokenization solutions and offer support to startups and SMEs through training, engineering expertise, and financing. It’s clear that THA and Qatar are laying the groundwork to become pioneers in the global fintech arena.
