KEY TAKEAWAYS
- Bybit partners with DigiFT to support UBS’s tokenized money market fund, enhancing collateral options for trading.
- The UBS uMINT fund, built on Ethereum, is distributed by DigiFT, a regulated platform in Singapore and Hong Kong.
- This collaboration aims to bridge traditional finance with digital assets, offering secure and efficient trading solutions.
- Bybit’s initiative strengthens its B2B services, promoting trust and transparency in Crypto-TradFi integration.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with DigiFT to support UBS’s USD Money Market Investment Fund Token (UBS uMINT). This initiative marks the first tokenized investment fund launched by UBS Asset Management. Through this partnership, Bybit will enable shares of UBS’s tokenized money market investment fund, distributed via DigiFT, to be used as collateral on its platform for trading. The collaboration represents a significant step in Bybit’s mission to bridge traditional finance with the digital asset economy.
The UBS uMINT, issued by UBS Asset Management, is a money market investment built on the Ethereum public blockchain. It was opened to external investors in November 2024 and is distributed through authorized partners. DigiFT, a licensed real-world assets (RWA) smart contract-based platform, is regulated by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. Currently, it stands as the largest distributor by volume of the UBS tokenized money market investment fund.
Ben Zhou, Co-Founder and CEO of Bybit, stated, “DigiFT is an innovator in regulated blockchain distribution. By working together, we are opening the door for more traditional institutions to unlock further utility from their tokenized money market products.” He emphasized that the collaboration allows investors of the UBS tokenized money market investment fund to use their holdings as collateral for trading in a secure and cost-efficient manner.
Yoyee Wang, Head of Bybit’s B2B Business Unit, highlighted the importance of this partnership in leading key initiatives in loans, custody, and strategic partnerships. Wang noted that collaborating with DigiFT provides institutional clients access to a high-quality, regulated product backed by a trusted financial brand, while benefiting from Bybit’s robust settlement and liquidity infrastructure.
Henry Zhang, Founder & Group CEO of DigiFT, added that the collaboration exemplifies how regulated RWA infrastructure can deliver both capital efficiency and transparency to future financial markets. This partnership strengthens Bybit’s B2B and institutional service portfolio, supporting its strategy to onboard more traditional financial institutions into the digital asset space.
By supporting regulated tokenized products such as UBS Asset Management’s tokenized money market investment fund and integrating the UBS uMINT token via DigiFT, Bybit continues to set new benchmarks for trust, transparency, and innovation in Crypto-TradFi integration.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s collaboration with DigiFT and UBS to support UBS’s tokenized money market investment fund represents a significant move towards integrating traditional finance with the digital asset economy. This partnership allows institutional investors to use tokenized assets as collateral, enhancing the utility and accessibility of digital financial products.
Recent industry reports indicate increased institutional adoption and the tokenization of real-world assets (RWAs) as major trends. The partnership between Bybit and DigiFT aligns with these trends by enabling traditional institutions to leverage tokenized products within a regulated framework.
As per insights from a PR Newswire report, this partnership is strategically important for bridging traditional finance with the digital asset economy. This supports Bybit’s strategy to onboard more traditional financial institutions into the digital asset space, reinforcing the potential for regulated tokenized products to enhance capital efficiency and transparency.
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