#Bybit #Malaysia #Kuala Lumpur #Hata

Hata Secures $8 Million Series A Funding Led by Bybit

In a significant development for the digital asset landscape in Malaysia, Hata, the country's only dual-licensed digital asset exchange, has announced the closure of an $8 million Series A funding round, spearheaded by Bybit, the second-largest cryptocurrency exchange globally by trading volume. This funding round not only underscores Bybit's confidence in Hata's potential but also opens the door to strategic collaboration aimed at fostering a responsible and scalable digital asset ecosystem in Malaysia.

Background of the Investment

This funding round follows Bybit's previous investment in Hata, where it participated in the initial funding round of $4.2 million. The latest financial support solidifies an already robust partnership, introducing a deeper level of collaboration that extends beyond monetary investment.

Representatives from both companies have emphasized the importance of Malaysia as a strategically pivotal market. Ben Zhou, Bybit's co-founder and CEO, remarked on Malaysia's highly digitalized populace and the significant long-term potential for digital asset adoption. He stressed that Hata is the ideal partner to guide Malaysian investors through a regulated platform, enabling seamless access to digital assets.

Use of Funds and Growth Strategy

Hata plans to allocate the newly acquired funds across three core areas of its platform. The main objectives include enhancing liquidity, accelerating user growth through targeted marketing initiatives, and collaboratively developing innovative digital asset products with Bybit tailored to Malaysian investors' needs.

David Low, CEO of Hata, expressed enthusiasm about the partnership, describing it as a pivotal moment for both Hata and the broader digital asset sector in Malaysia. He stressed that Bybit’s commitment to compliance and responsible development aligns perfectly with Hata’s goals to promote a secure trading environment for users.

Regulatory Compliance and Innovation

Hata, established in May 2023, operates under licenses granted by both the Securities Commission Malaysia and the Labuan Financial Services Authority. This dual-licensing ensures that Hata adheres to strict regulatory standards, providing a secure platform for its users. Since its inception, Hata has become the fastest-growing digital asset exchange in Malaysia, boasting over 209,000 registered users and managing a transaction volume of RM 1.04 billion in 2025.

In 2025, Hata diversified its offerings by introducing staking services that initially included Solana (SOL), allowing users to earn rewards while securing the blockchain network. This initiative, alongside its Auto-Invest feature, highlights Hata's dedication to providing innovative trading tools aimed at facilitating sustainable wealth building for Malaysians and local institutions.

Conclusion

Hata's funding round signifies more than just financial backing; it represents a shared vision for the future of cryptocurrency in Malaysia. With the collaborative efforts of Hata and Bybit, the two companies are poised to redefine digital asset trading standards in the region, enhancing user access to secure, compliant, and innovative solutions within the cryptocurrency market. For more information about Hata’s latest developments, please visit hata.io.