QFCA partners R3 to support Qatar’s financial technologies

The Qatar Financial Centre Authority has signed a Memorandum of Understanding with R3 to support the development of Qatar’s financial technologies.


As part of this agreement, the QFC and R3 will work together to create a potential lab environment that can address the needs of commercial banks and fintechs in Qatar. The collaboration will also involve the promotion of educational initiatives and training on asset digitisation and the use of distributed ledger technology (DLT). In addition, the two entities will also create working groups to observe new and emerging regulatory trends and support the QFC’s deployment of DLT at a national level. 

The Qatar Financial Centre Authority (QFCA) represents the legal and tax branch of the Qatar Financial Centre (QFC), which is an onshore financial and business centre in the region. R3 is a global provider of enterprise distributed ledger technology (DLT) and services. Specifically, R3 provides multi-party solutions that deliver digital trust in a bid to provide more potential for regulated businesses around the globe. 


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