On their LinkedIn page , the Qatar Financial Centre (QFC) announced   that in its journey to accelerate the development of Qatar's digital ecosystem it will be launching the QFC Digital Assets Lab, a ground-breaking programme aimed at accelerating open innovation and promoting peer collaboration within the industry through proof-of-concept and proof-of-value, on September 6 th 2023 now postponed to October 9th 2023.  As per the post, “ It is with pleasure that we invite you to join us on this momentous event, that will be streamed live via LinkedIn and YouTube. The event will present the qualifying criteria for entry, the Lab's operating model and key benefits, and announce the opening for applications.” The post adds, “With the QFC Digital Assets Lab, we aim to seamlessly integrate transformative technologies into real-world applications, spanning finance, supply chain management, energy and sustainability, compliance and reporting, healthcare and beyond....

    In a recent LinkedIn post , Henk Jan Hoogendoorn , Chief Financial Sector Officer at Qatar Financial Centre (QFC) Authority revealed that the digital assets framework that the authority has been working on will soon be launched along with the digital asset lab. As noted, QFC is working with Price Waterhouse Cooper ( PWC) to finalize the digital assets framework and the launch of the digital assets lab. As Hoogendoorn noted, “ We are working on digitalassets framework together with Qatar Financial Centre Regulatory Authority (QFCRA) supported by the expertise of PwC .We are making good progress on preparation of Digital Asset Lab to be launched soon.” Prior to this Qatar Financial Authority had taken several inititiatves towards advancing DLT, Blockchain and digital assets within the financial sector. In May speaking to LaraontheBlock, Hoogendoorn stated , “We are developing our digital assets framework to allow for public tokenization of assets, including securit...

  Dr Mohamed Abdallah and Dr Aiman Erbad, Associate Professors at   Qatar’s HBKU College of Science and Engineering published an article on how Qatar’s Blockchain blueprint will boost the adoption of blockchain and their recommendations for accelerating the growth. They proposed hosting a high-performance cloud based blockchain platform to accelerate prototyping and testing or creating a physically distributed blockchain network among different institutions, including ministries and universities, which can serve as a test bed that can also host actual blockchain applications, among other recommendations. The College of Science and Engineering at Hamad Bin Khalifa University (HBKU), as well as the College of Engineering at Qatar University (QU), and the Communications and Regulatory Authority jointly developed the National Blockchain Blueprint, aimed at defining the requirements and incentives necessary for the adoption of blockchain technology in Qatar. As per the article...

  While Qatar has not opened up to the crypto scene, its financial center is opening up to digital assets enabling them to tokenize asset classes to facilitate the needs of qualified investors with its digital assets framework. Henk Jan Hoogendoorn, Chief Financial Sector Officer, at Qatar Financial Center Authority speaking to Lara on the Block, stated, “ We are developing our digital assets framework to allow for public tokenization of assets, including securities, bonds, and real-estate.” He emphasizes that they will not go into crypto, NFTs (Non Fungible Tokens) or commodities at this time. Hoogendoorn had discussed digitization in the financial sector in Qatar as well as their digital assets project and the new Fintech strategy of QCB (Qatar Central Bank) during a fireside chat on Digitizing the Financial Sector in Qatar, moderated by Robert Wigley OStJ, BSc, Hon DBA. Furthermore, Aleksander Biesaga, Acting Project Manager, Roland Berger in a recent LinkedIn post not...

Once again the Qatar Financial Centre Authority (QFCA) financial business center is on a sprint run with Blockchain, first with its MOU signed with Blockchain solution provider R3 and now with its MOU signed Blockchain SettleMint platform. The agreement with Settlemint will also as with R3 work on Blockchain and digital asset initiatives in the financial sector.  The MoU aims to explore potential synergies with industry participants, including financial institutions, fintech firms, and corporate organisations, to accelerate the adoption of blockchain and digital asset business models and solutions. Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, stated "We are delighted to collaborate with SettleMint Blockchain LTD to explore use cases of blockchain technology and digital assets in Qatar's financial industry. This partnership reflects the QFC's commitment to supporting innovation and identifying new opportunities that benefit our stakeholders and Qatar's wider f...

    Qatar Financial Centre Authority and Blockchain solution provider R3 have signed an MOU to develop and grow Qatar’s fintech industry using technologies such as DLT (Distributed Ledger Technology). As per the agreement QFC and R3 will work together to create a potential lab environment that caters to commercial banks and fintech in Qatar. The partnership also aims to promote education and training on asset digitization and the use of (DLT). The two organizations will also create working groups to observe new and emerging regulatory paradigms and support the QFC's deployment of DLT at national level. Yousuf Mohamed Al-Jaida, Chief Executive Officer of QFC, said, "We are pleased to partner with R3, a renowned financial technology company, to explore opportunities that will contribute to the growth and success of the financial technology industry in Qatar. Through this collaboration, we aim to foster innovation and create an environment that supports the growth of fintec...