Bybit Partners with QNB Group and DMZ Finance to Introduce DFSA-Approved Tokenised Fund as Collateral

What's Happening?

Cryptocurrency exchange Bybit has announced a strategic partnership with QNB Group and DMZ Finance to introduce QCDT, a tokenised money market fund, as a collateral asset on its platform. This marks Bybit as the first global crypto exchange to accept QCDT as collateral. The fund, approved by the Dubai Financial Services Authority (DFSA), is managed by Qatar National Bank (QNB) with tokenisation expertise from DMZ Finance and custody services from Standard Chartered Bank. It is backed by U.S. Treasuries and regulated within the Dubai International Financial Centre (DIFC). The integration of QCDT aims to bridge the gap between traditional finance and digital assets, creating up to $1 billion in borrowing capacity on the platform.

Why It's Important?

The partnership is significant as it provides a new channel for both crypto-trading institutions and traditional financial institutions to engage with digital assets. For crypto-native firms, it offers a secure and compliant way to deploy institutional funds into exchange-based yield strategies. For traditional finance players, it provides a regulatory-aligned entry point into the digital asset ecosystem, combining U.S. Treasury-backed yields with low-risk, collateralised participation. This collaboration sets a new benchmark for the integration of Real World Assets (RWAs) in digital finance, enhancing Bybit's institutional credibility and attracting new capital inflows to the digital asset space.

What's Next?

The collaboration opens the door for new RWA-linked products, such as QCDT-backed stablecoins and other yield strategies, further strengthening the connection between the crypto economy and traditional financial institutions in the Middle East and globally. Bybit's evolving institutional strategy aims to attract more traditional financial institutions and established trading players to participate in the digital asset ecosystem with security, compliance, and efficiency.

Beyond the Headlines

This partnership highlights the growing trend of tokenisation in finance, where real-world assets are being integrated into the digital economy. The use of blockchain technology to tokenise assets like US Treasury securities empowers investors to seamlessly integrate high-quality, yield-bearing assets from traditional finance into the digital economy. This could lead to increased liquidity and access for more traditional finance investors, potentially transforming the landscape of institutional finance.