Bybit and DigiFT Partnership with UBS uMINT Enhances Institutional Collateral Solutions

Strategic Collaboration to Enhance Collateral Solutions

In a significant move to integrate traditional finance with the digital asset economy, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with DigiFT. This collaboration aims to bolster the capabilities of institutional clients by supporting the USD Money Market Investment Fund Token (UBS uMINT) issued by UBS Asset Management.

The UBS uMINT project represents a cutting-edge initiative, marking the introduction of the first tokenized investment fund by UBS in the cryptocurrency space. Launched in November 2024, the fund is distributed through authorized partners and is based on public Ethereum blockchain technology. The joint efforts between Bybit and DigiFT allow institutional participants to utilize shares of this tokenized money market fund as collateral for trading on Bybit's platform, thus simplifying access to liquidity and enhancing trading capabilities for institutional investors.

DigiFT has emerged as a leader in the regulated blockchain asset distribution sector, licensed by both the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. The partnership positions DigiFT as the largest distributor by volume of the UBS tokenized money market fund.

Insights from Key Executives

Ben Zhou, Co-Founder and CEO of Bybit, commented on the collaboration, stating, "DigiFT is a trailblazer in regulated blockchain distribution. Our partnership paves the way for traditional institutions to derive additional benefits from their tokenized money market products. By working with Bybit, investors in the tokenized fund can securely and cost-effectively use their holdings as collateral for trading. This partnership is another crucial step towards bridging Web2 financing and Web3 innovation."

Yoyee Wang, the Head of Bybit's B2B division, emphasized the opportunity this partnership creates for institutional clients, noting, "Our B2B team is committed to driving key initiatives in lending, custody, and strategic partnerships that allow institutions to integrate digital assets safely and seamlessly into their operations. Collaborating with DigiFT gives our institutional customers access to a high-quality, regulated product, supported by one of the world’s most trusted financial brands, while also benefiting from Bybit's robust settlement and liquidity infrastructure."

Henry Zhang, Founder and Group CEO of DigiFT, added, "As a regulated, smart contract-enabled RWA distributor without custodial functions, DigiFT's vision has always been to make high-quality investment products accessible on-chain without compromising compliance. This collaboration exemplifies how a regulated RWA infrastructure can deliver both capital efficiency and transparency for the financial markets of the future."

Impact on the Crypto-Traditional Finance Integration

This partnership enhances Bybit's B2B and institutional service offerings, reinforcing the company's strategy to attract more traditional financial institutions into the digital asset realm. By supporting regulated tokenized products like the UBS tokenized money market fund and the integration of the UBS uMINT token via DigiFT, Bybit continues to set benchmarks for trust, transparency, and innovation in crypto-Traditional finance integration.

Bybit has garnered a vast user base, boasting over 70 million users worldwide since its establishment in 2018. The exchange focuses on creating a more accessible and equitable ecosystem while prioritizing Web3, forming strategic alliances with leading blockchain protocols to deliver robust infrastructure and drive on-chain innovations. With its secure custody solutions, diverse marketplaces, and user-friendly platform, Bybit serves as a bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi), empowering developers, creators, and enthusiasts to unlock the full potential of Web3.

To discover more about the future of decentralized finance, visit Bybit.com. For media inquiries, contact [email protected] Follow Bybit's communities and social media for updates on their initiatives.