Bybit Collaborates with QNB Group and DMZ Finance to Introduce Groundbreaking Tokenised Money Market Fund
DUBAI, UAE — September 19, 2025 — Bybit, currently recognized as the world’s second-largest cryptocurrency exchange in terms of trading volume, has announced a significant strategic partnership with the QNB Group and DMZ Finance. This collaboration aims to launch QCDT, a revolutionary tokenised money market fund (MMF) authorized by the Dubai Financial Services Authority (DFSA). Bybit will integrate QCDT into its platform as a collateral asset, thereby laying the groundwork for a pivotal transformation in the intersection of traditional finance and digital assets.
This landmark agreement positions Bybit at the forefront of the digital finance landscape, being the first major cryptocurrency exchange globally to accept a DFSA-sanctioned tokenised fund as collateral. The QCDT fund, engineered with the advanced tokenisation capabilities of DMZ Finance and professionally managed by Qatar National Bank (QNB), will be further secured by Standard Chartered Bank, ensuring high-grade institutional security along with regulatory clarity. By leveraging backing from U.S. Treasury securities, QCDT embodies a new model that marries traditional financial security with the agility of digital assets.
Unlocking New Frontiers for Institutional Capital
The introduction of QCDT as collateral on Bybit has the potential to unlock up to USD 1 billion in borrowing capacity. This development paves the way for both established cryptocurrency trading institutions and traditional financial entities to engage meaningfully in digital asset markets.
1. For Established Centralized Exchange (CEX) Trading Institutions: QCDT provides a compliant and secure outlet for deploying substantial institutional funds. These assets, often lying dormant in conventional banks, can now be channelled into yield-generating strategies available on cryptocurrency exchanges.
2. For Traditional Financial Institutions: The integration of QCDT offers a pathway into the digital asset space that aligns with global regulatory frameworks. It allows these institutions to enjoy yields backed by U.S. Treasury securities while minimizing risks associated with entering the cryptocurrency ecosystem.
Enhancing Bybit's Role as an Institutional Leader
This collaboration marks a strategic evolution towards establishing Bybit as the trusted intermediary between the cryptocurrency economy and traditional financial institutions in the Middle East and beyond. By adopting QCDT, Bybit is poised to achieve several important objectives:
– Institutional Credibility: Bybit gains the distinction of being the first platform to accept a DFSA-approved, institutional-grade tokenised fund as collateral, significantly boosting its reputation within traditional finance circles.
– Capital Inflows: The platform stands to unleash billions of dollars in potential liquidity that is currently tied up in traditional banking accounts, thus revolutionizing the access to capital in digital markets.
– Strategic Collaborations: The partnership with QNB and DMZ, alongside custodianship by Standard Chartered Bank, fosters a framework that builds trust and confidence among regulatory bodies and institutional clients alike.
– Future Growth Opportunities: The collaboration opens avenues for innovative RWA-linked products, including QCDT-backed stablecoins and optimized yield strategies, positioning Bybit at the forefront of the evolving financial landscape.
Yoyee Wang, the Head of Business-to-Business Unit at Bybit, remarked, “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.”
Voices from the Financial Sector
Silas Lee, CEO of QNB Singapore, emphasized the innovation brought forth by QCDT: “This tokenised money market fund represents a groundbreaking application of blockchain technology. It allows for the tokenisation of high-quality, yield-bearing assets from traditional finance, effectively merging the best elements of both worlds.”
Nathan Ma, Co-founder and Chairman of DMZ Finance, echoed these sentiments: “Our mission is to build robust infrastructure that seamlessly integrates real-world assets into the digital realm. Collaborating with Bybit and QNB through QCDT is a testament to our commitment to driving innovation in institutional markets.”
This collaboration not only epitomizes a major step forward in tokenisation but also signifies a greater alignment of institutional capital with cutting-edge financial technology in a fluctuating market.
Conclusion
As Bybit embarks on this transformative journey, the partnership with QNB Group and DMZ Finance symbolizes a noteworthy shift towards a more integrated financial ecosystem. It provides a template for how traditional finance and cryptocurrency markets can mutually benefit, setting the stage for future innovations that could profoundly reshape investment landscapes. The convergence of these realms promises to democratize access to institutional-grade financial products, potentially ushering in a new era for investors of all sizes.
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