Hata Secures $8 Million in Series A Financing from Bybit to Expand Digital Asset Services

Hata Secures $8 Million in Series A Funding

Recently, Hata, a trailblazer in Malaysia's digital asset market, announced the successful closing of an $8 million funding round, spearheaded by Bybit, the world's second-largest cryptocurrency exchange. This funding, which translates to approximately RM31.6 million, marks a significant milestone for Hata as it embarks on an ambitious journey to augment its offerings within the digital asset ecosystem.

In a statement made by Bybit's Co-founder and CEO, Ben Zhou, he expressed the importance of Malaysia as a pivotal market due to its digitally engaged populace and the potential for widespread adoption of digital assets. He emphasized that Hata stands out as the right partner to facilitate compliant investment opportunities for Malaysian users. The collaboration aims to blend Hata's established leadership within Malaysia with Bybit's technological advancements and innovative product development. This partnership is viewed as a strategic alignment that will enhance the landscape for digital assets across the nation.

Additionally, this Series A funding round extends and builds upon Bybit's prior investment in Hata's seed round, where the company successfully raised $4.2 million. The ongoing collaboration seeks to deepen the relationship between the two firms while attracting further interest and investment from global family offices with an eye on Southeast Asian financial markets.

Hata plans to allocate the raised funds towards three main areas: bolstering its liquidity, propelling user growth through strategic marketing and ecosystem initiatives, and collaboratively developing innovative digital asset products tailored for Malaysian investors in conjunction with Bybit.

CEO David Low of Hata expressed his enthusiasm about this partnership, indicating it as a definitive turning point for both Hata and Malaysia’s burgeoning digital asset sector. He reiterated the belief that crypto initiatives should be developed responsibly, adhering to rigorous compliance measures to safeguard investor interests.

The rapid growth of Hata, which boasts over 209,000 registered users since its inception in May 2023, reflects a thriving platform, with transaction volumes exceeding RM1.04 billion for the year 2025 alone. This has catalyzed a robust environment for digital trading, establishing Hata as Malaysia's fastest-growing homegrown exchange.

Hata operates under stringent regulatory frameworks regulated by the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority (LFSA), ensuring user security and compliance. Given the rapid evolution of the digital assets landscape, Hata is committed to pushing the envelope, ensuring that trading access remains safe, compliant, and affordable for Malaysian investors.

In line with these developments, Hata expanded its product suite by introducing Staking with Solana (SOL) in 2025, presenting users an avenue to earn rewards while contributing to the blockchain's security. Furthermore, the platform has also introduced an Auto-Invest feature to empower users in building sustainable, long-term wealth through regular investments.

In summary, Hata is not just a digital asset exchange; it's a catalyst for change, navigating Malaysia's financial landscape with innovation and compliance. Investors looking to leverage the potential of digital assets are encouraged to explore Hata's offerings and be part of this transformative journey into the world of cryptocurrency. For more information, visit Hata's official website at hata.io.

About Hata

Founded in May 2023, Hata is Malaysia's first dual-licensed digital asset exchange, providing an extensive platform for secure trading of digital assets. Its commitment to innovation and compliance sets it apart as a leader in the fast-evolving crypto landscape in Southeast Asia.

About Bybit

Founded in 2018, Bybit has grown to become the world's second-largest cryptocurrency exchange, serving millions globally. With a wide array of financial products and a focus on bridging traditional financial systems with decentralized finance, Bybit is dedicated to meaningful innovation in the trading ecosystem.