Bybit, the second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with DigiFT to support UBS Asset Management’s USD Money Market Investment Fund Token (UBS uMINT), as per details shared with Finbold on October 13.
The partnership allows institutional investors to use shares of the UBS tokenized money market investment fund, distributed via DigiFT, as collateral for trading on Bybit’s platform.
Issued by UBS Asset Management, UBS uMINT is built on the Ethereum (ETH) public blockchain and represents the first tokenized investment fund launched by the firm.
Opened to external investors in November 2024, it is distributed through authorized partners, with DigiFT, a regulated real-world asset (RWA) platform licensed by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission.
Bridging traditional finance with blockchain innovation
Bybit’s integration with DigiFT enables holders of UBS uMINT to use their tokenized fund shares as collateral on the exchange, expanding the utility of regulated financial instruments in a digital environment.
“DigiFT is an innovator in regulated blockchain distribution,” said Ben Zhou, Co-Founder and CEO of Bybit. “By working together, we are opening the door for more traditional institutions to unlock further utility from their tokenized money market products. Through the collaboration with Bybit, investors of the UBS tokenized money market investment fund will be able to use their holdings as collateral for trading in a secure and cost-efficient way. This partnership is another important step in bridging Web2 finance and Web3 innovation.”
Yoyee Wang, Head of Bybit’s B2B Business Unit at Bybit, added:
“Our B2B team is dedicated to leading key initiatives in loans, custody, and strategic partnerships that enable institutions to safely and seamlessly integrate digital assets into their operations. Collaborating with DigiFT gives our institutional clients access to a high-quality, regulated product backed by one of the world’s most trusted financial brands, while benefiting from Bybit’s robust settlement and liquidity infrastructure.”
The collaboration strengthens Bybit’s institutional and B2B portfolio, supporting its broader strategy to onboard more traditional financial institutions into the digital asset ecosystem.
“As a regulated, smart contract-based, non-custodial RWA distributor, DigiFT’s vision has always been to make high-quality investment products accessible on-chain without compromising compliance. Through this collaboration, DigiFT exemplifies how regulated RWA infrastructure can deliver both capital efficiency and transparency to the financial markets of the future,” noted Henry Zhang, Founder & Group CEO of DigiFT.
By integrating regulated tokenized products such as UBS Asset Management’s money market investment fund through DigiFT, Bybit continues to align transparency and compliance with innovation in digital finance.
Note that UBS uMINT is available only to accredited and institutional investors through authorized intermediaries in accordance with applicable regulations.
Featured image via Shutterstock.
