The Dubai Multi Commodity Exchange (Dubai) has partnered with Crypto.com to explore on-chain trading of commodities, advancing tokenization and settlement innovation.

The Dubai Multi Commodity Exchange (DMCC) has entered into a strategic partnership with crypto trading platform Crypto.com to explore the use of blockchain technology to drive the digital transformation of commodity financing, trading, and settlement. As a major global trading hub covering gold, diamonds, energy, and agricultural products, this partnership is seen as a significant attempt to combine traditional commodity trading with on-chain financial infrastructure. According to the agreement, the two parties will focus on exploring feasible application scenarios, including the tokenization and management of commodities, asset custody models, liquidity support mechanisms, and the payment applications of digital assets on the DMCC platform and its member companies. For any assets to be listed on Crypto.com, they will still need to undergo regulatory review and the platform's established listing process. The partnership leans more towards testing and evaluation than a large-scale launch of new tokens in the short term. DMCC stated that commodity trading has long relied on traditional systems, resulting in long settlement cycles, high capital requirements, and limited transparency. Introducing real assets onto the blockchain is expected to shorten settlement times, improve traceability, and expand market participation. This project also builds upon the DMCC's existing compliance framework, having previously collaborated with the Dubai Virtual Assets Regulatory Authority (VARA) to emphasize innovation within a regulatory framework. For Crypto.com, this collaboration reflects its strategic shift from a single trading platform to a provider of infrastructure services for real-world assets (RWA). Through its partnership with the DMCC, Crypto.com can gain practical experience in custody, liquidity, and compliance related to non-crypto-native assets such as commodities. Overall, this collaboration focuses more on long-term infrastructure development and pilot testing; whether it can form a replicable commodity tokenization and settlement model will be a key focus for future observation. (financefeeds)