Bybit Bridges TradFi and Crypto with QCDT Collateral Adoption

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has become the first platform to integrate QCDT, a Dubai Financial Services Authority (DFSA)-approved tokenized money market fund (MMF), as collateral for institutional clientsBybit accepts DFSA-approved tokenised money market fund as collateral^[1]. This collaboration with QNB Group and DMZ Finance unlocks up to $1 billion in borrowing capacityBybit Accepts QCDT As Collateral, Unlocking $1B Liquidity^[2], positioning Bybit as a pivotal player in bridging traditional finance (TradFi) and digital asset markets. QCDT, backed by U.S. Treasury securities and custodied by Standard Chartered Bank, offers institutional investors a low-risk on-ramp to crypto through a DFSA-regulated frameworkBybit Becomes First Crypto Exchange to Partner with QNB Group^[3]. The move aligns with the United Arab Emirates’ broader ambition to solidify its role as a global hub for digital asset innovationBybit Becomes First Crypto Exchange to Partner with QNB Group^[4].

The strategic partnership, announced on September 19, 2025, marks a milestone in tokenized asset adoption. QCDT is the first DFSA-approved MMF in the Dubai International Financial Centre (DIFC), leveraging blockchain to tokenize real-world assets (RWAs) such as U.S. Treasuries and USD-denominated depositsBybit accepts DFSA-approved tokenised money market fund as collateral^[5]. Bybit’s integration of QCDT enables institutions to use the token as collateral for trading and lending activities, facilitating seamless liquidity between traditional and digital marketsBybit Accepts QCDT As Collateral, Unlocking $1B Liquidity^[6]. This innovation addresses a critical gap in institutional access to crypto, providing a secure, compliant vehicle for capital deploymentBybit Becomes First Crypto Exchange to Partner with QNB Group^[7].

Key stakeholders have emphasized the transformative potential of this initiative. Silas Lee, CEO of QNB Singapore, described QCDT as a “pioneering step” in tokenizing high-quality assets, enabling investors to integrate yield-bearing opportunities into the digital economyBybit Becomes First Crypto Exchange to Partner with QNB Group^[8]. Yoyee Wang, head of Bybit’s business-to-business unit, highlighted the platform’s role as a bridge, stating that the partnership “opens the gateway for traditional financial institutions to participate in the digital asset ecosystem with security, compliance, and efficiency”Bybit Accepts QCDT As Collateral, Unlocking $1B Liquidity^[9]. Nathan Ma of DMZ Finance added that the collaboration demonstrates how tokenization can enhance liquidity and access for TradFi investorsBybit Becomes First Crypto Exchange to Partner with QNB Group^[10].

The RWA market, which has attracted over $30.2 billion in on-chain assets, is gaining traction among major institutions like BlackRock and FidelityBybit accepts DFSA-approved tokenised money market fund as collateral^[11]. Bybit’s adoption of QCDT strengthens its institutional credibility and signals growing alignment between blockchain innovation and institutional-grade security. Analysts note that the move could catalyze further adoption of tokenized assets, with QCDT-backed stablecoins and yield strategies potentially followingBybit Becomes First Crypto Exchange to Partner with QNB Group^[12]. The integration also underscores the UAE’s regulatory leadership in digital assets, as Dubai’s DIFC continues to attract global financial infrastructure projectsBybit Accepts QCDT As Collateral, Unlocking $1B Liquidity^[13].

This development reflects broader trends in the crypto-TradFi convergence. Bybit’s strategic focus on institutional-grade products aligns with the increasing demand for hybrid financial tools that combine the efficiency of blockchain with the stability of traditional markets. As the RWA sector expands, Bybit’s role in facilitating cross-border capital flows could accelerate the mainstream adoption of tokenized assets, particularly in regions with robust regulatory frameworks like the UAEBybit Becomes First Crypto Exchange to Partner with QNB Group^[14].