#None #Bybit #UBS #DigiFT

Collaboration Overview

In a groundbreaking development for the financial technology landscape, Bybit, renowned as the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with DigiFT. This collaboration is particularly significant as it revolves around the USD Money Market Investment Fund Token (UBS uMINT), which is being introduced by UBS Asset Management as the inaugural tokenized investment fund. This partnership is poised to facilitate the trading of tokenized shares of UBS's money market investment fund as collateral on Bybit’s platform, marking a pivotal step in uniting the traditional finance (TradFi) sector with the burgeoning digital asset economy.

Details of the Initiative

The UBS uMINT is designed to operate on the public Ethereum blockchain, serving as a money market fund intended for external investors. Launched in November 2024, it is distributed through authorized partners. Notably, DigiFT, a licensed platform for real-world assets (RWA) regulated by both the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission, is currently the leading distributor of the tokenized UBS money market fund by volume.

Ben Zhou, Co-Founder and CEO of Bybit, emphasized the importance of this partnership, stating, "DigiFT is an innovator in regulated blockchain distribution. Collaboration between us opens doors for more traditional institutions to unlock additional value and functionality from their tokenized money market funds. By partnering with Bybit, UBS investment fund token holders can securely and cost-effectively utilize their holdings as collateral for trading activities. This initiative represents another significant step in bridging Web2 finance with Web3 innovation."

Yoyee Wang, Head of Bybit's B2B Business Unit, added further insights into the objectives of the collaboration. "Our B2B team is dedicated to driving key initiatives around lending, custody, and strategic partnerships that enable institutions to integrate digital assets seamlessly into their operations. The collaboration with DigiFT grants our institutional clients access to a high-quality regulated product supported by one of the world's most trusted financial brands while allowing them to leverage Bybit’s robust settlement and liquidity infrastructure,” she noted.

The Vision Behind DigiFT

Henry Zhang, Founder and Group CEO of DigiFT, articulated the vision of the firm in this partnership: "As a regulated, smart contract-based, non-custodial RWA distributor, DigiFT has always aimed to make high-quality investment products accessible on-chain without compromising compliance. This partnership demonstrates how a regulated RWA infrastructure can deliver both capital efficiency and transparency to the financial markets of the future."

Implications for Institutional Services

This collaborative effort strengthens Bybit's portfolio in B2B and institutional services, underlining its strategy to attract more traditional financial institutions into the realm of digital assets. By supporting regulated tokenized products like the UBS Asset Management money market fund and integrating the UBS uMINT token via DigiFT, Bybit continues to set new benchmarks in establishing trust, transparency, and innovation at the intersection of Crypto and traditional finance.

About Bybit

Founded in 2018, Bybit serves a global user base of over 70 million as the world's second-largest cryptocurrency exchange based on trading volume. Bybit aims to redefine transparency in the decentralized world by creating a simpler, open, and equal ecosystem for all. With a strong focus on Web3, Bybit collaborates strategically with leading blockchain protocols to provide robust infrastructure and foster on-chain innovation. Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3.

For more insights on Bybit, visit Bybit Press. Inquiries can be directed to Bybit’s media relations. For the latest updates, follow Bybit on social media platforms like Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.

This announcement does not constitute an invitation to subscribe, buy, or engage in transactions related to the aforementioned product/service. The mentioned product/service is available only to accredited investors, professional investors, and institutional investors through authorized regulated intermediaries. Ensure you seek independent legal and financial advice before making any investment decisions. Assess your investment objectives, risk appetite, financial situation, and specific needs carefully before deciding to invest in such products.