Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with DigiFT and UBS Asset Management to expand the utility of UBS’s USD Money Market Investment Fund Token (UBS uMINT). The initiative enables holders of UBS’s tokenized money market fund shares — distributed via DigiFT — to use them as collateral for trading on Bybit’s platform.
The partnership marks a major step forward in bridging traditional finance (TradFi) and digital assets, enhancing institutional access to tokenized real-world assets (RWAs). UBS uMINT represents the first tokenized investment fund launched by UBS Asset Management, built on the Ethereum public blockchain. Since opening to external investors in November 2024, it has been distributed through authorized partners, with DigiFT currently leading in transaction volume under the regulatory oversight of Singapore’s Monetary Authority (MAS) and Hong Kong’s SFC.
“By working together, we are opening the door for traditional institutions to unlock further utility from their tokenized money market products,” said Ben Zhou, Co-Founder and CEO of Bybit. “This partnership enables investors to use regulated tokenized holdings as collateral for trading, blending the reliability of TradFi with the efficiency of Web3.”
The integration of UBS uMINT into Bybit’s trading ecosystem represents one of the first large-scale applications of tokenized traditional financial instruments within a major exchange’s collateral framework. It allows institutional investors to deploy otherwise static fund holdings into active trading positions, improving liquidity management and capital utilization without additional custodial risk.
DigiFT’s regulated, smart contract-based infrastructure enables secure and transparent on-chain distribution of RWAs, aligning with growing institutional interest in tokenized money markets and short-duration assets. This collaboration signals the convergence of compliant asset tokenization and exchange-level liquidity access — two pillars critical for institutional adoption.
“Our B2B team is focused on strategic initiatives that safely integrate digital assets into institutional operations,” said Yoyee Wang, Head of Bybit’s B2B Business Unit. “Working with DigiFT and UBS provides our clients access to a high-quality, regulated product while leveraging Bybit’s robust liquidity and settlement systems.”
The partnership highlights a new frontier in institutional DeFi: the use of regulated, tokenized assets as collateral across exchanges and lending protocols. Tokenized money market funds have gained attention since 2023 as stable, yield-bearing instruments offering real-world anchoring to blockchain ecosystems. UBS’s uMINT joins the ranks of early institutional RWA initiatives by major banks exploring blockchain-native settlement mechanisms.
For Bybit, the move strengthens its B2B and institutional services portfolio as it continues to attract regulated asset managers and traditional institutions. For DigiFT, it showcases how compliant smart contract systems can deliver capital efficiency and transparency, paving the way for broader adoption of RWAs in financial infrastructure.
“As a regulated RWA distributor, our vision is to make high-quality investment products accessible on-chain without compromising compliance,” said Henry Zhang, Founder and Group CEO of DigiFT. “This collaboration exemplifies how tokenized infrastructure can power the financial markets of the future.”
Bybit’s collaboration with UBS and DigiFT strengthens its position as a bridge between the institutional and decentralized financial worlds. As tokenized instruments evolve beyond pilot projects into regulated market offerings, the ability to use RWAs as collateral could transform risk management and liquidity access for institutions globally.
The initiative aligns with Bybit’s broader roadmap of building regulated, interoperable infrastructure for the next generation of finance. With the UAE, Singapore, and Hong Kong emerging as major RWA innovation hubs, partnerships like this illustrate how blockchain-native and traditional financial ecosystems are converging — not competing.
For institutional investors, the partnership offers a tangible model for integrating tokenized assets into trading operations while maintaining compliance, transparency, and operational security. It sets the stage for a new phase of institutional participation in Web3 markets — one anchored in trust and regulation rather than speculation.
