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DUBAI, UAE, Oct. 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency trade by buying and selling quantity, introduced a strategic collaboration with DigiFT to help UBS’s USD Cash Market Funding Fund Token (UBS uMINT), a token equivalent to the primary tokenized funding fund launched by UBS Asset Administration. By way of this collaboration, Bybit will allow the shares of UBS’s tokenized cash market funding fund, that are distributed through DigiFT, for use as collateral on its platform for buying and selling. This initiative marks a major milestone in Bybit’s mission to attach conventional finance (TradFi) with the digital asset economic system.
Issued by UBS Asset Administration, the UBS uMINT is a cash market funding constructed on the Ethereum public blockchain. Opened to exterior buyers in November 2024, the UBS tokenized cash market funding fund is distributed via licensed distribution companions. DigiFT, a licensed real-world belongings (RWA) good contract-based platform regulated by the Financial Authority of Singapore and the Hong Kong Securities and Futures Fee, is at current the most important distributor by quantity of the UBS tokenized cash market funding fund.
“DigiFT is an innovator in regulated blockchain distribution,” stated Ben Zhou, Co-Founder and CEO of Bybit. “By working collectively, we’re opening the door for extra conventional establishments to unlock additional utility from their tokenized cash market merchandise. By way of the collaboration with Bybit, buyers of the UBS tokenized cash market funding fund will have the ability to use their holdings as collateral for buying and selling in a safe and cost-efficient method. This partnership is one other essential step in bridging Web2 finance and Web3 innovation.”
Yoyee Wang, Head of Bybit’s B2B Enterprise Unit at Bybit, added: “Our B2B workforce is devoted to main key initiatives in loans, custody, and strategic partnerships that allow establishments to securely and seamlessly combine digital belongings into their operations. Collaborating with DigiFT provides our institutional purchasers entry to a high-quality, regulated product backed by one of many world’s most trusted monetary manufacturers, whereas benefiting from Bybit’s strong settlement and liquidity infrastructure.”
“As a regulated, good contract-based, non-custodial RWA distributor, DigiFT’s imaginative and prescient has at all times been to make high-quality funding merchandise accessible on-chain with out compromising compliance. By way of this collaboration, DigiFT exemplifies how regulated RWA infrastructure can ship each capital effectivity and transparency to the monetary markets of the longer term,” added Henry Zhang, Founder & Group CEO of DigiFT.
This collaboration strengthens Bybit’s B2B and institutional service portfolio, supporting its technique to onboard extra conventional monetary establishments into the digital asset house. By supporting regulated tokenized merchandise similar to UBS Asset Administration’s tokenized cash market funding fund and integrating the UBS uMINT token through DigiFT, Bybit continues to set new benchmarks for belief, transparency, and innovation in Crypto-TradFi integration.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, serving a world neighborhood of over 70 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating an easier, open and equal ecosystem for everybody. With a powerful deal with Web3, Bybit companions strategically with main blockchain protocols to supply strong infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive consumer expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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