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Dubai Multi Commodities Centre Partners with Crypto.com to Drive Commodity Trading onto Blockchain

Summary: Dubai Multi Commodities Centre (DMCC) has signed a strategic partnership agreement with Crypto.com to explore how blockchain technology can revolutionize the financing, trading, and settlement of commodities. According to the agreement, the focus will be on practical use cases rather than abstract concepts, including the possibility of tokenizing commodities, asset custody methods, liquidity support, and ...

Dubai Multi Commodities Centre (DMCC) has signed a strategic partnership agreement with Crypto.com to explore how blockchain technology can revolutionize the financing, trading, and settlement of commodities. According to the agreement, the focus will be on practical use cases rather than abstract concepts, including the possibility of tokenizing commodities, asset custody methods, liquidity support, and whether digital assets can play a role in the payment processes of DMCC platform and its member companies.

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