This collaboration further strengthens Bybit's B2B and institutional service landscape, supporting its strategy to bring more traditional financial institutions into the digital asset space.
Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced a strategic partnership with DigiFT to jointly support the issuance of the USD Money Market Investment Fund Token (UBS uMINT) by UBS Asset Management. This token corresponds to the first tokenized investment fund launched by UBS Asset Management. Through this collaboration, Bybit will enable the UBS tokenized money market fund shares issued through DigiFT to be used as collateral for trading on its platform. This move marks an important milestone for Bybit in connecting traditional finance (TradFi) with the digital asset economy.
The UBS uMINT, issued by UBS Asset Management, is a money market investment fund built on the Ethereum public blockchain. Since its opening to external investors in November 2024, the UBS tokenized money market investment fund has been issued through authorized distribution partners. DigiFT is a compliance platform for real-world assets (RWA) based on smart contracts, regulated by the Monetary Authority of Singapore and the Securities and Futures Commission of Hong Kong, and is currently the largest distributor by trading volume for the UBS tokenized money market investment fund.
"DigiFT is an innovator in the regulated blockchain distribution space," said Ben Zhou, co-founder and CEO of Bybit. "Through this collaboration, we are opening doors for more traditional institutions to further unlock the potential value of tokenized money market products. With the partnership with Bybit, investors in the UBS tokenized money market fund will be able to participate in trading by using their held tokens as collateral in a secure and efficient manner. This collaboration is another important step in connecting Web2 finance with Web3 innovation."
Yoyee Wang, head of Bybit's B2B business, added: "Our B2B team focuses on driving innovation in key areas such as lending, custody, and strategic partnerships, enabling institutions to safely and seamlessly integrate digital assets into their operational frameworks. By partnering with DigiFT, our institutional clients will gain access to high-quality compliant products supported by one of the world's most trusted financial brands, while benefiting from Bybit's robust settlement and liquidity infrastructure."
Henry Zhang, founder and group CEO of DigiFT, stated: "As a regulated, smart contract-based, non-custodial RWA distribution platform, DigiFT's vision has always been to make high-quality investment products accessible on-chain while ensuring compliance is not compromised. Through this collaboration, DigiFT demonstrates how regulated RWA infrastructure can bring capital efficiency and transparency to future financial markets."
This collaboration further strengthens Bybit's B2B and institutional service landscape, supporting its strategy to bring more traditional financial institutions into the digital asset space. By supporting regulated tokenized products such as the UBS Asset Management tokenized money market investment fund and integrating the UBS uMINT token through DigiFT, Bybit continues to set a new benchmark for trust, transparency, and innovation in the fusion of crypto and traditional finance.
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