Dubai Multi Commodities Centre (DMCC) has entered into a strategic partnership with Tether, the world’s largest digital asset company, through the signing of a Memorandum of Understanding (MoU) aimed at expanding collaboration in blockchain technology, digital assets and tokenised finance.
The agreement establishes a framework for cooperation focused on strengthening blockchain-based communication and payment infrastructure within DMCC’s ecosystem. It also includes advisory support on areas such as tokenisation, cryptocurrency payments, blockchain applications and digital asset settlements.
As part of the partnership, DMCC and Tether will work together as ecosystem partners across selected events, publications, digital platforms and communication channels. The collaboration will further support educational programmes, industry conferences, hackathons and community engagement initiatives designed to accelerate the growth of Dubai’s digital asset industry and enhance the development of the DMCC Crypto Centre.
Tether plans to engage with DMCC’s network of more than 26,000 member companies through knowledge-sharing initiatives and potential member-focused benefits.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said the partnership reflects the growing shift towards digital financial infrastructure and blockchain-powered commerce.
He noted that stablecoins are already facilitating trillions of dollars in transaction value globally, while tokenisation is transforming how real-world assets are financed, traded and transferred across international markets.
According to Bin Sulayem, Dubai has taken proactive steps to create the regulatory environment and infrastructure necessary to support emerging digital technologies, with DMCC playing a key role in linking innovation with global trade opportunities.
Tether Chief Executive Officer Paolo Ardoino said the UAE is becoming an influential player in the adoption of digital asset infrastructure and its integration into the wider economy. He added that the partnership will focus on expanding practical blockchain applications, supporting tokenisation projects and promoting educational initiatives that encourage broader participation in digital markets.
DMCC said the agreement aligns with its long-term strategy of strengthening Dubai’s position as a global centre for emerging technologies, digital finance and Web3 innovation.
The business district currently hosts more than 26,000 member companies, including over 4,000 technology firms, and continues to expand its specialised ecosystems across the commodities, technology and financial sectors.
The partnership with Tether is expected to contribute to the development of blockchain infrastructure and accelerate the adoption of digital assets across Dubai’s rapidly growing technology ecosystem.
