#Cryptocurrency #Bybit #Malaysia #Kuala Lumpur #Hata

Hata Secures Major Funding for Digital Asset Growth

Hata, the only dual-licensed digital asset exchange in Malaysia, has announced the successful closure of an $8 million Series A funding round, led by Bybit, one of the world's leading cryptocurrency exchanges by trading volume. This significant milestone not only provides Hata with necessary capital but also initiates a strategic partnership aimed at advancing Malaysia's digital asset ecosystem in a responsible and expansive manner.

A Vision for the Future

According to Ben Zhou, co-founder and CEO of Bybit, Malaysia holds strategic importance for their company, given its digitally engaged population and robust potential for cryptocurrency adoption. “Hata is the ideal partner to provide Malaysian investors with a compliant and regulated platform. By merging Hata’s local market leadership with Bybit’s global strength in technology and product innovation, we aim to accelerate the growth of the digital asset ecosystem and tokenized real assets in Malaysia,” Zhou articulated.

Celebrating Existing Relationships

This Series A funding builds upon an earlier investment by Bybit, which joined a previous funding round that raised $4.2 million for Hata. Family offices from around the globe, particularly those interested in Southeast Asian financial technologies, also participated in this latest funding effort.

Focus Areas of Investment

Hata plans to utilize the new funds in three key areas of its platform:
1. Enhancing Liquidity: Strengthening the trading capabilities on the platform to ensure smooth transactions.
2. User Growth: Accelerating user acquisition through robust marketing and ecosystem initiatives.
3. Product Development: Collaborating with Bybit to create innovative digital asset products that cater specifically to the needs of Malaysian users.

David Low, CEO of Hata, emphasized the importance of this partnership, suggesting it marks a critical juncture for both Hata and Malaysia’s digital asset sector. The collaboration underlines a commitment to building a cryptocurrency infrastructure that prioritizes licenses, rigorous compliance, and a steadfast dedication to protecting investors.

Hata's Unique Market Position

Founded by Malaysians, Hata distinguishes itself as the first digital asset exchange to hold both Securities Commission Malaysia and Labuan Financial Services Authority licenses. This regulatory endorsement guarantees the highest standards of compliance and security for its users both locally and globally. Since its launch in May 2023, Hata has rapidly become Malaysia’s fastest-growing platform for digital asset trading with over 209,000 registered users. In 2025 alone, the platform processed transactions valued at 1.04 billion RM, illustrating its robust market activity.

Commitment to Responsible Growth

Hata's growth trajectory continues to be underlaid by its principles of trust, transparency, and technology. In 2025, Hata expanded its product offerings by introducing staking services for Solana (SOL), allowing users to earn rewards while contributing to blockchain network security. The platform has also launched features like Auto-Invest (DCA), which empower Malaysians and institutions to build sustainable digital wealth over the long term.

Hata’s commitment to setting new standards in the Malaysian digital asset ecosystem while expanding access to compliant and affordable cryptocurrency exchanges positions it as a leading player in the region.

Conclusion

The partnership with Bybit signals a promising future for Hata and Malaysia’s digitized financial landscape. As the world duo gears up for significant developments in the cryptocurrency domain, Hata pledges to maintain its focus on user-centric strategies and sustainable growth. For more information on Hata and its ongoing innovations, visit their official website at hata.io and join the Malaysian journey into the evolving world of digital assets.