Bybit plans to launch IBAN accounts in February, moving towards a 'new encrypted bank' According to BlockBeats, on January 29th, Bybit CEO Ben Zhou announced plans to launch IBAN based fiat accounts as early as February, supporting 18 different fiat currencies. This marks Bybit's acceleration in transitioning from a cryptocurrency trading platform to a comprehensive financial service provider with neobank capabilities. It is reported that the account product will be launched under the "MyBank" brand and issued through partnerships with institutions such as Pave Bank (a licensed bank in Georgia, USA). Users will receive a personal exclusive IBAN, which allows for cross-border payments and transfers, as well as the freedom to switch between fiat and cryptocurrency assets. The initial support will prioritize the US dollar (USD), and then expand to other currencies. The relevant services require KYC compliance review by Bybit and partner banks, and the launch time depends on the progress of regulatory approval. Zhou also revealed that Bybit is developing a Real World Asset (RWA) tokenization custody product for banks and large institutions, and evaluating the possibility of expanding into the US market and going public in the future. Currently, it has been in talks with multiple large banks. Bybit added that the compliance team is in close communication with regulatory agencies, and it is expected that the relevant approvals will be in place next month. This layout continues Bybit's overall strategy of regulatory progress, institutional capital inflows, and rapid expansion of tokenization business in 2025.