TLDR
- Bybit has integrated UBS’s uMint tokenized money market fund as collateral for crypto trading.
- The uMint fund, based on Ethereum, is linked to low-risk U.S. Treasury debt.
- Bybit users can leverage the UBS fund to enhance capital efficiency in their trades.
- The integration marks a key step in bridging traditional finance with the Web3 ecosystem.
- Bybit’s partnership with DigiFT enables the secure and efficient distribution of the uMint fund to investors.
Bybit, one of the largest crypto exchanges, has integrated the uMint tokenized money market fund, developed by UBS. The integration allows users to use the fund as collateral for trading. This move bridges traditional finance with the growing Web3 space, offering institutional investors a new, capital-efficient option.
Bybit Partners with UBS for Trading Collateral
Bybit users can now use UBS’s uMint fund as collateral for crypto trading. This fund, built on Ethereum’s blockchain, is linked to U.S. Treasury debt, providing a stable and low-risk asset. Bybit’s collaboration with DigiFT enables users to leverage this tokenized fund for secure and cost-effective trading.
The integration marks a step forward in institutional crypto adoption, offering investors flexibility. “Investors of the UBS tokenized money market investment fund will be able to use their holdings as collateral,” said Ben Zhou, Co-Founder and CEO of Bybit. This partnership enhances the accessibility and efficiency of digital asset trading.
Partnership with DigiFT Enhances Capital Efficiency
DigiFT, an asset tokenization platform, is crucial in distributing the uMint fund to investors. Its collaboration with Bybit highlights the potential of tokenization to improve capital efficiency. Henry Zhang, Founder & Group CEO of DigiFT, stated, “Through this collaboration, DigiFT exemplifies how regulated RWA infrastructure can deliver capital efficiency.”
This collaboration reduces capital expenditures for institutional investors and strengthens the connection between traditional and crypto markets. Bybit continues to innovate, supporting the growing demand for institutional-grade financial products in the crypto space.
