Dear Colleagues,

September spotlights QFC’s efforts in the digital arena. This month, we activated the Digital Assets Lab, welcoming twenty-four participants who will embark on developing innovative digital solutions tailored to a variety of use cases across different industries. The Lab is designed to provide the necessary support for these participants to test their technologies and transform them into viable solutions for specific applications. This development marks the beginning of the Lab’s vital role in advancing the digital assets sector in Qatar and establishing the country as a hub for innovation.

Before announcing the Lab’s participants, we introduced the Digital Assets Framework 2024. This comprehensive set of rules and guidelines establishes the legal and regulatory foundation for digital assets, covering key areas such as the process of tokenisation, the legal recognition of property rights in tokens and their underlying assets, custody arrangements, and the mechanisms for transfer and exchange. The framework will govern the Lab's participants and all QFC firms engaged in digital assets and tokenisation.

In alignment with this commitment to fostering a robust digital ecosystem, I am pleased to share that our efforts in promoting innovation have been recognised. The University of Doha for Science and Technology has awarded the Banking and Financial Technology Award to the QFC at Takreem, a prestigious awarding ceremony, in recognition of our support for the university in this field.

Finally, we registered 51 firms in September, continuing our growth trajectory since the beginning of the year.
As we enter the final quarter, I am excited about the upcoming initiatives that will further our objectives of positioning Qatar as a leader in innovation and a prominent financial hub.

Sincerely,