Bybit has entered a strategic collaboration with QNB Group and DMZ Finance to introduce QCDT — a Dubai Financial Services Authority tokenised money market fund — into Bybit’s platform as a collateral asset.
Bybit is the first global crypto exchange to offer QCDT as collateral — which is driven by DMZ Finance tokenisation abilities and administered by Qatar National Bank, with custodian backing by Standard Chartered Bank.
Supported by US Treasuries, it will be regulated within Dubai International Financial Centre (DIFC).
QCDT being brought onto Bybit as collateral generates up to US$1 billion in borrowing capabilities, allowing new avenues for institutions.
It provides a compliant channel for CEX-trading institutions to distribute institutional funds to turn them into exchange-based yield strategies.
For traditional financial institutions, it is a regulatory-aligned entry point into digital assets, joining US Treasury-supported yields with low-risk participation in the crypto environment.
The collaboration progresses Bybit’s pledge to link the crypto economy and financial institutions in the Middle East and internationally.
Bybit’s says its adoption of QCDT enables institutional creditability, capital inflows, strategic alignment and future growth.
Silas Lee, CEO of QNB Singapore, says: “QCDT, a tokenised 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 Dubai Financial Services Authority approved framework and world-class partners.”
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