Bybit, DigiFT, and UBS uMINT partner to expand institutional collateral solutions
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Bybit, DigiFT, and UBS uMINT partner to expand institutional collateral solutions
This collaboration further strengthens Bybit's B2B and institutional service offerings, supporting its strategy of bringing more traditional financial institutions into the digital asset space.
Navigating Web3 tides with focused insightsBybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with DigiFT to support the issuance of UBS Asset Management's USD Money Market Investment Fund Token (UBS uMINT). This token represents UBS Asset Management’s first tokenized investment fund. Through this collaboration, Bybit will enable UBS tokenized money market fund shares issued via DigiFT to be used as collateral for trading on its platform. This marks a significant milestone for Bybit in bridging traditional finance (TradFi) and the digital asset economy.
Issued by UBS Asset Management, UBS uMINT is a money market investment fund built on the Ethereum public blockchain. Since opening to external investors in November 2024, the UBS tokenized money market investment fund has been distributed through authorized distribution partners. DigiFT, a smart contract-based compliant platform for real-world assets (RWA) regulated by the Monetary Authority of Singapore and the Securities and Futures Commission of Hong Kong, is currently the largest distributor of the UBS tokenized money market investment fund by trading volume.
"DigiFT is an innovator in regulated blockchain distribution," said Ben Zhou, co-founder and CEO of Bybit. "Through this partnership, we are opening doors for more traditional institutions to unlock the potential value of tokenized money market products. With Bybit, investors in the UBS tokenized money market fund can securely and efficiently use their tokens as collateral for trading. This collaboration represents another crucial 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 securely and seamlessly integrate digital assets into their operations. Through our collaboration with DigiFT, our institutional clients will gain access to high-quality, compliant products backed by one of the world’s most trusted financial brands, while benefiting from Bybit’s robust settlement and liquidity infrastructure."
"As a regulated, smart contract-based, non-custodial RWA distribution platform, DigiFT has always aimed to make premium investment products accessible on-chain without compromising compliance," said Henry Zhang, Founder and Group CEO of DigiFT. "Through this partnership, DigiFT demonstrates how regulated RWA infrastructure can bring capital efficiency and transparency to the future of financial markets."
This partnership further strengthens Bybit’s B2B and institutional service offerings, supporting its strategy to bring more traditional financial institutions into the digital asset space. By supporting regulated tokenized products like UBS Asset Management’s tokenized money market fund and integrating UBS uMINT tokens via DigiFT, Bybit continues to set new benchmarks for trust, transparency, and innovation in the convergence of crypto and traditional finance.
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