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

Odaily Planet Daily reports that the Dubai Multi Commodity Exchange (DMCC) has entered into a strategic partnership with cryptocurrency trading platform Crypto.com. The two companies will 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 collaboration is seen as a significant attempt to combine traditional commodity trading with on-chain financial infrastructure.

According to the agreement, both 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. If related assets are to be listed on Crypto.com, they will still need to undergo regulatory review and the platform's established listing process. The cooperation 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 lengthy 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 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 partnership reflects its strategic shift from a single trading platform to a provider of infrastructure services for real-world assets (RWA). Through its collaboration with DMCC, Crypto.com can gain practical experience in custody, liquidity, and compliance for non-crypto-native assets such as commodities.

Overall, this collaboration focuses more on long-term infrastructure construction and pilot verification. Whether it can form a replicable commodity tokenization and settlement model will be the focus of future observation.