Bybit has announced a partnership with DigiFT to support UBS’s USD Money Market Investment Fund Token (UBS uMINT), the first tokenised investment fund launched by UBS Asset Management.
Through this partnership, Bybit will allow shares of UBS’s tokenised money market fund, distributed via DigiFT, to be used as collateral for trading on its platform.
The move marks a step forward in Bybit’s efforts to link traditional finance (TradFi) with the digital asset market.
The UBS uMINT, issued by UBS Asset Management, is a money market fund built on the Ethereum blockchain.
Opened to external investors in November 2024, the fund is distributed through authorised partners.
DigiFT, a licensed real-world asset (RWA) platform regulated by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission, is currently the largest distributor of the tokenised fund by volume.
“DigiFT is an innovator in regulated blockchain distribution,”
said Ben Zhou, Co-Founder and CEO of Bybit.
“By working together, we are opening the door for more traditional institutions to unlock further utility from their tokenised money market products. Through this collaboration, investors in the UBS tokenised money market fund will be able to use their holdings as collateral for trading in a secure and cost-efficient way.”
Henry Zhang, Founder and Group CEO of DigiFT, said:
“As a regulated, smart contract-based, non-custodial RWA distributor, DigiFT’s goal has always been to make quality investment products available on-chain without compromising compliance. This partnership demonstrates how regulated RWA infrastructure can bring capital efficiency and transparency to future financial markets.”
Featured image credit: Edited by Fintech News Hong Kong, based on image by rawpixel.com via Freepik
