Bybit accepts DFSA-approved tokenised money market fund as collateral

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has become the first exchange to partner with QNB Group and DMZ Finance to integrate QCDT, a Dubai Financial Services Authority (DFSA)-approved tokenised money market fund.

This strategic collaboration, announced on September 19, 2025, will see Bybit accept QCDT as collateral as the exchange expands its role in bridging traditional and digital asset finance.

Bybit’s joining forces with QNB and DMZ will unlock further institutional access to the crypto ecosystem, the platforms said in a press release.

This partnership positions Bybit as a leader in fostering compliant, secure, and scalable financial innovation, aligning with the UAE’s ambition to become a global hub for digital asset markets.

Bybit taps QCDT to expand adoption of tokenised assets

QCDT is the first DFSA-approved tokenised money market fund, developed by QNB Group and backed by US treasuries.

Its launch is part of the growing adoption of cryptocurrencies and blockchain in the United Arab Emirates, particularly in the Dubai International Financial Centre (DIFC). 

The tokenised money market fund leverages the custodial services from Standard Chartered to offer institutional investors a secure and compliant vehicle to engage with digital assets.

QCDT is a big step in bringing real-world assets on-chain.

Bybit’s integration of QCDT as collateral on its platform enables institutions to leverage up to $1 billion in borrowing capacity, facilitating seamless liquidity flows between traditional and digital markets.

This move not only enhances Bybit’s credibility but also sets a precedent for future tokenised financial products.

Analysts anticipate increased participation from institutional investors in assets like Bitcoin, Ethereum, and altcoins.

“QCDT, a tokenized money market fund, is a pioneering step of using blockchain technology to tokenise real-world assets such as US Treasury securities and USD-denominated deposits,” said Silas Lee, chief executive officer of QNB Singapore.

Lee added;

“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.”

Institutional access and collateral

Bybit’s commitment to bridging the gap between TradFi and DeFi, particularly as RWA traction increases, is a big move.

The integration of QCDT allows Bybit’s institutional clients to add the token as collateral, while investors can tap into the partnership for secure asset custody and trading.

Commenting on the development, Yoyee Wang, head of business-to-business unit at 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.”

The RWA market on-chain currently sits at over $30.2 billion, and has attracted major players such as BlockRock and Fidelity.

Asset tokenisation cuts across institutional funds, private credit, US treasuries, stablecoins and stocks.

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