News

According to Odaily, the Dubai Multi Commodities Centre (DMCC) has reached a strategic partnership with a crypto trading platform, under which both parties will explore the use of blockchain technology to drive the digital upgrade of financing, trading, and settlement processes in the commodities sector. As a major global trading hub covering gold, diamonds, energy, and agricultural products, DMCC views this collaboration as an important attempt to combine traditional commodity trading with on-chain financial infrastructure. According to the agreement, both parties will focus on researching practical application scenarios, including the tokenization and management of commodities, asset custody models, liquidity support mechanisms, and the use of digital assets for payments on the DMCC platform and among its member companies. If related assets are to be listed on the trading platform, they must still undergo regulatory review and follow the platform’s established listing procedures. The cooperation is more oriented toward testing and evaluation, rather than the large-scale launch of new tokens in the short term. DMCC stated that commodity trading has long relied on traditional systems, which involve lengthy settlement cycles, high capital occupation, and limited transparency. Bringing real-world assets on-chain is expected to shorten settlement times, enhance traceability, and expand market participation. The project is also built on DMCC’s existing compliance framework; previously, DMCC has cooperated with the Dubai Virtual Assets Regulatory Authority (VARA), emphasizing the advancement of innovation within the scope of regulation. For the trading platform, this collaboration reflects a strategic shift from being a single trading venue to becoming an infrastructure service provider for real-world assets (RWA). By working with DMCC, the platform can gain practical experience in custody, liquidity, and compliance for non-crypto-native assets such as commodities. Overall, the cooperation focuses more on long-term infrastructure building and pilot validation. Whether a replicable model for commodity tokenization and settlement can be formed will be a key point for future observation. (financefeeds)

BlockBeats News, December 16, according to Axios, Musk may run for the Republican Party in the 2026 midterm elections and has already begun funding House and Senate Republican campaigns for the 2026 midterms. This indicates that his relationship with President Trump has thawed since their falling out earlier this year. This summer, during a dispute with Trump, Musk threatened to form a third party, the "American Party," in an attempt to break away from the two-party system, but now he has firmly returned to the Republican camp.