#Bybit #Malaysia #Kuala Lumpur #Digital Assets #Hata

Hata Completes $8 Million Series A Financing

In an exciting development for Malaysia's digital asset landscape, Hata, the country's only dual-licensed digital asset exchange, has successfully concluded a Series A financing round amounting to $8 million (approximately RM 31.6 million). This funding round was spearheaded by Bybit, the second-largest cryptocurrency exchange globally by trading volume, along with participation from several reputable family offices with a keen interest in Southeast Asian technology and finance markets.

This strategic investment signifies more than just capital influx; it marks the beginning of a robust collaboration between Hata and Bybit. As indicated by Bybit’s CEO, Ben Zhou, Malaysia possesses a digitally engaged populace with promising long-term potential for digital asset adoption. His words reflect a shared vision of fostering the local market through a compliant and regulated platform.

Hata's partnership with Bybit deepens an already established relationship, having previously collaborated during Hata's seed funding round where Bybit had invested $4.2 million. With this latest financing, the companies aim to enhance the infrastructure necessary for a vibrant digital asset ecosystem in Malaysia.

Focus Areas for Investment

The capital raised will be allocated across three pivotal areas within Hata’s platform. First, increasing liquidity, which is vital for robust trading activity. Second, driving user growth through targeted marketing and ecosystem initiatives. And third, developing innovative products tailored for Malaysian investors in collaboration with Bybit. This partnership aims to operate within the bounds of regulatory compliance while ensuring investor protection.

David Low, CEO of Hata, underscores this partnership as a critical moment for both Hata and Malaysia's digital asset sector. The confidence displayed by Bybit in leading this financing round is a testament to the proper foundation on which cryptocurrencies should be built—namely, adherence to licenses, compliance standards, and an unwavering commitment to the safety of investors.

Hata’s Growth Trajectory

Since its launch in May 2023, Hata has rapidly ascended to become Malaysia's fastest-growing domestic digital asset exchange, boasting over 209,000 registered users by the end of 2025. The exchange recorded a remarkable transaction volume of RM 1.04 billion and managed assets reached a peak of RM 115 million in September 2025. Hata's achievements are a reflection of the increasing interest and activity in digital assets among Malaysian investors.

The company is dedicated to upholding principles of trust, transparency, and technological innovation. Through this partnership with Bybit, Hata aims to set new standards within Malaysia's digital asset ecosystem and expand access to secure and compliant cryptocurrency trading across the region. In 2025, Hata further broadened its offerings by introducing staking services for Solana (SOL), enabling users to earn rewards while supporting the blockchain network’s security.

In addition, Hata has rolled out innovative tools like Auto-Invest (DCA), providing Malaysians and institutions with the means to build sustainable long-term portfolios in the digital asset space.

Looking Forward

For those interested in Hata and the exciting developments underway, more information can be found on their official website at hata.io. The partnership with Bybit represents a pivotal moment in Malaysia's journey toward a well-regulated and flourishing digital asset market, paving the way for broader cryptocurrency integration and acceptance in the coming years.