Qatar’s Digital Asset Framework and partnership with The Hashgraph Association to accelerate the development of Hedera powered decentralized finance and digital assets 🚀

Kamal Youssefi, President of The Hashgraph Association, stated:

“We are delighted to sign this strategic partnership with the Qatar Financial Centre in Doha Qatar. We are committed to investing and fostering the growth of a vibrant Web3 and DLT/Blockchain ecosystem with a special focus on decentralized finance and digital assets in support of Qatar’s Vision 2030 aimed at fostering an innovative regulatory compliant digital economy.”

Yousuf Mohamed Al-Jaida, Board Member and Chief Executive Officer of Qatar Financial Centre (QFC) Authority Centre, added:

“The Qatar Financial Centre is pleased to welcome The Hashgraph Association Digital Assets Venture Studio to the QFC Digital Assets Lab. This partnership is closely aligned with Qatar’s fintech strategy and is instrumental in advancing our efforts in developing and launching innovative projects that establish the country as a financial and commercial hub by 2030.”

Last week the Qatar Financial Centre (QFC) Authority announced the launch of the Digital Assets Framework 2024 – establishing the regulatory framework for digital assets in Qatar. The development of this framework serves as a key step in achieving the goals set out by Qatar's Central Bank in line with the 2030 National Vision.

To support this initiative and local Qatari and international portfolio companies in the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets, The Hashgraph Association and the Qatar Financial Centre (QFC) Authority announced earlier this year, its partnership to launch a $50 million Digital Assets Venture Studio.

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