Bybit to Accept Dubai’s Tokenised Money Market Fund as Collateral
Bybit has become the first global platform to accept the Dubai Financial Services Authority (DFSA)-approved QCDT as collateral. The tokenised money market fund (MMF), developed by DMZ Finance and managed by Qatar National Bank (QNB Group) with Standard Chartered as custodian, represents a landmark step in bridging traditional finance and digital assets. The move establishes a fresh benchmark for regulatory alignment and institutional participation in the digital asset ecosystem.
The introduction of QCDT collateralisation provides Bybit with the ability to unlock up to USD 1 billion in borrowing capacity. This is a significant development for institutions viewking a secure and regulated gateway into crypto markets. QCDT is backed by U.S. Treasuries, combining the familiarity of a traditional yield-bearing asset with the efficiency of blockchain-based tokenisation. For Bybit, the collaboration reinforces its long-term strategy of serving as a bridge between conventional finance and the expanding world of digital assets.
“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,” said Yoyee Wang, Head of Business-to-Business Unit of Bybit.
QCDT As A Regulated Real-World Asset
QCDT stands as the world’s first DFSA-approved tokenised money market fund, representing a carefully structured integration of blockchain technology into financial markets. Managed by QNB Group and supported by Standard Chartered Bank as custodian, the asset is underpinned by U.S. Treasuries. This backing ensures institutional-grade security while aligning with the strict compliance requirements of the Dubai International Financial Centre (DIFC). For regulators and market participants, this approval sets a precedent for how tokenised assets can securely enter the mainstream.
The fund leverages DMZ Finance’s expertise in tokenisation, providing a framework that integrates investor protections with the efficiency of blockchain systems. The approach is designed to appeal to both institutional investors already active in digital markets and traditional players viewking low-risk entry points. By offering stable, yield-generating exposure with regulatory clarity, QCDT positions itself as a model for other real-world asset (RWA) products that may follow in its wake.
“QCDT, a tokenized money market fund, is a pioneering step of using blockchain technology to token real-world assets such as US Treasury securities and USD-denominated deposits, thereby empowering investors to seamlessly integrate high-quality, yield-bearing assets from traditional finance into the digital economy. This partnership with DMZ Finance and Bybit allows us to further extend the reach of institutional capital efficiently across traditional and digital markets, backed by a DFSA-approved framework and world-class partners,” said Silas Lee, CEO of QNB Singapore.
Unlocking Institutional Liquidity Channels
The integration of QCDT into Bybit’s platform creates a new set of opportunities for both established crypto trading institutions and traditional financial organisations. For the former, it provides a compliant, low-risk mechanism to deploy institutional funds into platform-based yield strategies, a function that had often been constrained by regulatory uncertainty. For the latter, QCDT offers an accessible path to the digital economy while maintaining exposure to a regulated, Treasury-backed asset.
Up to USD 1 billion in borrowing capacity is expected to be unlocked through this initiative, making it one of the most ambitious steps yet in merging tokenised assets with platform collateral frameworks. This development underscores Bybit’s ambition to act as a gateway for capital inflows, particularly in the Middle East where the DIFC is rapidly emerging as a hub for digital finance. With this collaboration, Bybit effectively positions itself at the centre of a new institutional liquidity cycle.
“At DMZ Finance, our mission is to build powerful infrastructure that makes real-world assets accessible in digital form. Working with Bybit and QNB on QCDT demonstrates how tokenisation can bring innovation to institutional markets while bridging liquidity and access for more TradFi investors,” said Nathan Ma, Co-Founder and Chairman of DMZ Finance.
Strategic Implications For Bybit
For Bybit, this partnership is more than a product integration; it is a reinforcement of its long-term institutional vision. Accepting QCDT marks the first time a DFSA-approved tokenised fund has been supported as collateral by a global crypto platform. This achievement sends a signal of credibility not only to Bybit’s current institutional clients but also to traditional banks and funds watching from the sidelines. Bybit’s move represents a clear strategic alignment with regulatory authorities, financial institutions, and tokenisation innovators.
The collaboration with QNB, DMZ Finance, and Standard Chartered also underlines the importance of cross-sector partnerships in shaping the future of finance. Bybit is not merely extending its collateral offerings but is assisting build an ecosystem in which regulated tokenised products can thrive. Future developments, such as QCDT-backed stablecoins or yield strategies, may emerge from this foundation, further expanding institutional adoption of blockchain-based assets.
Ultimately, the decision to bring QCDT into its ecosystem cements Bybit’s role as one of the most progressive platforms for bridging digital and traditional finance. The adoption highlights how crypto platforms are evolving beyond pure trading venues to become integrated financial infrastructures capable of handling institutional-grade assets and obligations.
