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Bybit has announced a strategic collaboration with DigiFT to support UBS Asset Management's USD Money Market Investment Fund Token (UBS uMINT), enabling shares of the tokenised money market investment fund to be used as collateral on its platform for trading.
The partnership marks a development in Bybit's efforts to connect traditional finance with the digital asset economy. The UBS uMINT is a money market investment built on the Ethereum public blockchain, which opened to external investors in November 2024.
DigiFT, a licensed real-world assets smart contract-based platform regulated by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission, is currently the largest distributor by volume of the UBS tokenised money market investment fund.
Ben Zhou, co-founder and chief executive of Bybit
Ben Zhou, co-founder and chief executive of Bybit, said:
"DigiFT is an innovator in regulated blockchain distribution. By working together, we are opening the door for more traditional institutions to unlock further utility from their tokenised money market products. Through the collaboration with Bybit, investors of the UBS tokenised money market investment fund will be able to use their holdings as collateral for trading in a secure and cost-efficient way. This partnership is another important step in bridging Web2 finance and Web3 innovation."
Yoyee Wang, head of Bybit's B2B business unit, added:
"Our B2B team is dedicated to leading key initiatives in loans, custody, and strategic partnerships that enable institutions to safely and seamlessly integrate digital assets into their operations. Collaborating with DigiFT gives our institutional clients access to a high-quality, regulated product backed by one of the world's most trusted financial brands, while benefiting from Bybit's robust settlement and liquidity infrastructure."
Henry Zhang, founder and group chief executive of DigiFT
Henry Zhang, founder and group chief executive of DigiFT, said:
"As a regulated, smart contract-based, non-custodial RWA distributor, DigiFT's vision has always been to make high-quality investment products accessible on-chain without compromising compliance. Through this collaboration, DigiFT exemplifies how regulated RWA infrastructure can deliver both capital efficiency and transparency to the financial markets of the future."
The collaboration forms part of Bybit's B2B and institutional service portfolio, supporting its strategy to onboard traditional financial institutions into the digital asset space.
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, the company partners strategically with blockchain protocols to provide infrastructure and drive on-chain innovation.
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