QFC launches digital assets lab; targets positioning Doha as financial and commercial hub by 2030

QFC launches digital assets lab; targets positioning Doha as financial and commercial hub by 2030

The Qatar Financial Centre (QFC) Sunday launched digital assets lab, as part of Doha’s efforts to accelerate the development of digital ecosystem and provide a platform for translating innovative ideas and solutions into real-world applications across industries.

The lab, powered by the Qatar Central Bank (QCB), is the inaugural programme to be launched under Innovation Dome, an innovative platform that fosters transformative initiatives, aiming to position the country as a leader in the digital realm.

The lab will foster open innovation in Qatar through ‘proof-of-concept and proof-of-value’, accelerating the growth of Qatar's digital sector in line with the vision to establish Doha as a global financial and commercial hub by 2030.

Within this space, innovation, research, and development are focused on cultivating promising digital concepts within the domain of digital assets and distributed ledger technology. The aim is to transform these concepts into viable cutting-edge technologies that can be practically applied across various industries.

"This initiative will create a favourable environment for the diversification of digital assets, increasing business competitiveness, and encouraging entrepreneurship and innovation," said HE the QCB Governor Sheikh Bandar bin Mohamed bin Saoud al-Thani.

The initiative will also support the development of other economic sectors by leveraging developments in digital technologies across