Bybit, DigiFT, and UBS uMINT Expand Institutional Collateral Solutions

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with DigiFT to support UBS's USD Money Market Investment Fund Token (UBS uMINT). This partnership enables shares of UBS's tokenized investment fund to be used as collateral for trading on Bybit's platform. Launched by UBS Asset Management, the UBS uMINT is a tokenized money market investment built on the Ethereum blockchain, distributed via DigiFT.

DigiFT is recognized as the largest distributor of the UBS tokenized fund and operates under regulations from the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. This collaboration marks a milestone in connecting traditional finance with digital assets, enhancing capital efficiency and transparency in future financial markets. Bybit's partnership underscores its commitment to integrating traditional financial institutions into the digital asset space.