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Qatar Financial Center finalizes digital asset framework to become destination of choice for tokenization

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  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 noted,