Crypto.com taps DMCC in commodities trading, settlement, and tokenized assets expansion

Crypto.com has partnered with the Dubai Multi Commodities Centre (DMCC) to explore blockchain-based applications that aim to expand tokenization and digital infrastructure across global commodities markets. Under the agreement, both organizations are positioned to research the application of distributed ledger technology to current commodities trade models, with an emphasis on efficiency in settlement, transparency, and market access. DMCC and Crypto.com will evaluate the use of blockchain tools to be implemented in key segments of the commodities sector, including precious metals, diamonds, energy, and agricultural products, under a newly signed Memorandum of Understanding. Focus on tokenized commodities infrastructure The alliance , as outlined by DMCC, is projected to modernize the areas of commodities financing, trading, and settlement that continue to operate on the old systems. The two organizations will also explore the option of listing tokenized commodities on the Crypto.com exchange under the agreement, provided that they meet the applicable regulatory...

https://www.cryptopolitan.com/crypto-com-partners-with-dmcc/