Bybit, the second largest crypto exchange by trading volume has become the first crypto exchange to introduce and accept Qatar National Bank’s tokenized money market fund, QCDT on its exchange as collateral.
Launched officially this week QCDT is the world’s first DFSA-approved (Dubai Financial Services Authority) tokenized money market fund (MMF). Bybit is the first global crypto exchange to accept QCDT as collateral, setting a new benchmark for the integration of Real World Assets (RWAs) in digital finance.
QCDT is powered by DMZ Finance’s tokenisation expertise and managed by Qatar National Bank, with custodian supported by Standard Chartered Bank. Backed by U.S. Treasuries and regulated within the Dubai International Financial Centre (DIFC), QCDT combines institutional-grade security with regulatory clarity.
As per the press release, the deployment of QCDT as collateral on Bybit creates up to USD 1 billion in borrowing capacity, providing new opportunities for institutions. For Established CEX-Trading Institutions it will offer a secure, compliant channel to deploy institutional funds that would typically remain idle in traditional bank accounts into exchange-based yield strategies, while for traditional Financial Institutions it will be a safe, regulatory-aligned entry point into digital assets, combining U.S. Treasury-backed yields with low-risk, collateralized participation in the crypto ecosystem.
Yoyee Wang, Head of Business-to-Business Unit of Bybit, said, “This collaboration is a pivotal step for Bybit’s evolving institutional strategy. By recognising QCDT as collateral, we are opening the gateway for traditional financial institutions and established trading players to participate in the digital asset ecosystem with security, compliance, and efficiency. Our role as the bridge between traditional and digital finance has never been clearer.”
Silas Lee, CEO of QNB Singapore, added, “QCDT, a tokenized 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 DFSA-approved framework and world-class partners.”
