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Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with QNB Group and DMZ Finance to integrate QCDT, the world's first DFSA-approved tokenized money market fund, as a collateral asset on its platform. This partnership bridges traditional finance and digital assets, with Bybit becoming the first global crypto exchange to accept QCDT, powered by DMZ Finance's tokenization expertise, managed by Qatar National Bank, and custodied by Standard Chartered Bank within the Dubai International Financial Centre.
The introduction of QCDT as collateral on Bybit unlocks up to USD 1 billion in borrowing capacity, offering institutions secure pathways to deploy funds traditionally held idle in bank accounts into exchange-based yield strategies. For established centralized exchange-trading institutions, it provides a compliant channel to participate in digital finance with institutional-grade security. Traditional financial institutions gain a low-risk entry point, blending U.S. Treasury-backed yields with collateralized crypto ecosystem involvement, all under DFSA regulation in the DIFC.
This collaboration reinforces Bybit's position as a trusted intermediary between the crypto economy and traditional finance, particularly in the Middle East and beyond. By adopting QCDT, Bybit achieves institutional credibility as the first platform to support a DFSA-approved tokenized fund as collateral. It facilitates capital inflows by mobilizing billions in idle banking liquidity, aligns strategically with partners like QNB, DMZ Finance, and Standard Chartered, and paves the way for future RWA-linked innovations such as QCDT-backed stablecoins and yield products.
Yoyee Wang, Head of Business-to-Business Unit of Bybit, said: "This collaboration is a pivotal step for Bybit's evolving institutional strategy. By recognising QCDT as collateral, we are opening the gateway for traditional financial institutions and established trading players to participate in the digital asset ecosystem with security, compliance, and efficiency. Our role as the bridge between traditional and digital finance has never been clearer."
Silas Lee, CEO of QNB Singapore, said: "QCDT, a tokenized money market fund, is a pioneering step of using blockchain technology to token real-world assets such as US Treasury securities and USD-denominated deposits, thereby empowering investors to seamlessly integrate high-quality, yield bearing assets from traditional finance into the digital economy. This partnership with DMZ Finance and Bybit allows us to further extend the reach of institutional capital efficiently across traditional and digital markets, backed by a DFSA-approved framework and world-class partners."
Nathan Ma, Co-founder & Chairman, DMZ Finance, added: "At DMZ Finance, our mission is to build powerful infrastructure that makes real-world assets accessible in digital form. Working with Bybit and QNB on QCDT demonstrates how tokenization can bring innovation to institutional markets while bridging liquidity and access for more TradFi investors."
This partnership sets a new standard for RWA integration in digital finance, enhancing liquidity and trust while enabling seamless participation across traditional and decentralized markets. As Bybit continues to expand its institutional offerings, collaborations like this promise to drive broader adoption of tokenized assets globally.
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
QNB Group was established in 1964 as Qatar's first Qatari-owned commercial bank, with 50% ownership held by the Qatar Investment Authority. Since its inception, QNB Group has grown steadily to become the largest financial institution in the Middle East and Africa (MEA) region. QNB Group has consistently maintained its position as Qatar's highest-rated bank and one of the world's top-rated banks, with prestigious credit ratings from leading agencies such as Standard & Poor's and Fitch (A+) and Moody's (Aa2). The Group has also been recognized with numerous awards from renowned international financial publications, further cementing its leadership and excellence in the global financial industry.
DMZ Finance is a powerful RWA infrastructure company and the RWA tokenization partner of Qatar National Bank (QNB Group), the largest bank in the Middle East and Africa, to jointly advance the integration of asset tokenization into the TradFi and DeFi system. It is among the first cohort of companies admitted to the Qatar Financial Centre (QFC) Digital Assets Lab.
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