Bybit, the world’s second-largest crypto exchange by trading volume, is the first to accept QCDT, a DFSA-approved tokenised money market fund (MMF), as collateral. In partnership with QNB Group and DMZ Finance, the move unlocks $1 billion in institutional borrowing capacity and sets a new benchmark for real-world asset (RWA) integration in digital finance.
QCDT brings institutional capital into crypto
The QCDT fund, which is managed by Qatar National Bank and custodied by Standard Chartered Bank, is backed by U.S. Treasuries and regulated by the Dubai Financial Services Authority (DFSA). The DFSA is the independent regulator of financial services within the Dubai International Financial Centre (DIFC).
The benefits are:
- Established exchange-trading institutions gain a secure channel to deploy idle funds into yield-generating strategies.
- Traditional financial institutions can tap U.S. Treasury-backed yields through crypto-collateralised participation.
According to Bybit it reflects a growing alignment between blockchain innovation and institutional-grade security for investors.
Bridging traditional finance with digital assets
For Bybit, the collaboration represents a major leap in its 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,” said Yoyee Wang, Head of Bybit’s B2B unit.
QNB Singapore CEO Silas Lee described QCDT as “a pioneering step of using blockchain to tokenise U.S. Treasuries and deposits, empowering investors to integrate high-quality, yield-bearing assets into the digital economy.” Nathan Ma, Co-founder of DMZ Finance, added that the partnership demonstrates how tokenisation “can bridge liquidity and access for more TradFi investors.”
Bybit’s adoption of tokenized funds enhances its credibility as a bridge between crypto and institutional finance, particularly in the Middle East. The message is clear: crypto is no longer isolated from traditional markets. Tokenised assets are turning blockchain into a direct channel for institutional-grade opportunities.
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