DMCC and Crypto.com partner on commodities tokenisation
The pair have signed a memorandum to explore blockchain-enabled tokenisation, custody and liquidity solutions for major commodities.
DMCC and Crypto.com have signed a memorandum of understanding to investigate blockchain applications for tokenising commodities and developing digital trade infrastructure.
DMCC said in a statement the agreement will examine how blockchain can reduce settlement friction, improve price transparency and broaden market access across precious metals, diamonds, energy and agri-markets.
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The companies said the scope includes tokenised real-world asset listings, custody models, liquidity-facilitation mechanisms and the potential facilitation of digital-asset payments across DMCC platforms and selected member use cases. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: "The rapid ascent of tokenisation is a structural opportunity to modernise how commodities are financed, traded and settled, bringing greater transparency and widening access to global markets."
Crypto.com will work with the DMCC Crypto Centre on educational and technical programmes such as workshops, hackathons and capability-building modules to build institutional understanding and responsible innovation, the firms said. The agreement builds on DMCC’s partnership with the Dubai Virtual Assets Authority, signed earlier this year, to advance tokenised commodities infrastructure, the company said.
The Recap
- DMCC and Crypto.com signed a memorandum of understanding.
- DMCC hosts over 26,000 companies across multiple commodities sectors.
- Parties will evaluate tokenised commodity listings on Crypto.com Exchange.
