Crypto.com partners with DMCC to expand blockchain in global commodities

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 standards and listing criteria. It also provides an overview of custody models for tokenized assets and analyzes liquidity facilitation products, which can make the secondary market more active.

The cooperation is based on the previous partnership between DMCC and the Virtual Assets Regulatory Authority (VARA) of Dubai, which aimed to develop infrastructure to tokenize commodities within a regulated framework.

Education and institutional engagement

Besides developing infrastructure, the cooperation also includes an educational component, according to which Crypto.com will collaborate with the DMCC Crypto Centre. The parties will form technical and educational training to promote institutional knowledge of tokenized assets and digital trade instruments.

Some of the suggested activities include workshops, hacks, and skills-building courses designed for companies considering tokenized asset models. The programs will empower responsible experimentation and sharing of knowledge in the growing Web3 and digital asset ecosystem in Dubai.

According to DMCC, the extended involvement is expected to make Dubai a trade innovation hub through connecting traditional commodities markets with new digital asset technologies through structured, regulated initiatives.

Crypto.com’s parallel expansion into market intelligence platforms

In another announcement, Crypto.com also announced its partnership with ERShares and Signal Markets to create a global future-intelligence platform based on prediction markets. The program is being introduced under the brand Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse affiliated with Crypto.com.

The platform will be designed to integrate macroeconomic data, financial market indicators, and corporate outcomes into a single, prediction-driven platform. As stated by the parties, it will incorporate probabilistic modeling in various aspects, including interest rates, inflation, employment, equities, commodities, digital assets, and corporate earnings.

In the partnership, ERShares will conduct research design, information integration, and media dissemination, while Signal Markets will provide the probability-based modeling and forecasting architecture. 

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