【Crypto World】Dubai Multi Commodities Centre (DMCC) recently announced a strategic partnership with a leading crypto trading platform, which could be a key move in integrating traditional trade systems with blockchain infrastructure.
The core of the collaboration? It's about how to bring commodities like gold, diamonds, energy, and agricultural products onto the blockchain. DMCC's trading scope is quite broad, and its status as a global trade hub is not to be underestimated. This partnership isn't about launching a bunch of new tokens immediately, but rather about experimenting with practical application scenarios—such as issuing and managing commodity tokens, asset custody, providing liquidity support, and whether digital assets can be used as a payment method within the DMCC platform and member enterprises.
In simple terms, the current system for trading bulk commodities still relies on old methods, with long settlement cycles, high capital occupation, and limited transparency. If real assets can be moved onto the blockchain, the settlement time