Bybit Accepts QCDT Tokenised Fund as Collateral
Bybit, the world’s second-largest crypto exchange by trading volume, is the first to accept QCDT as collateral. QCDT is a tokenised money market fund (MMF) approved by the Dubai Financial Services Authority (DFSA). This partnership with Qatar National Bank (QNB) Group and DMZ Finance unlocks $1 billion in institutional borrowing capacity. It also sets a new standard for real-world asset (RWA) integration in digital finance.
QCDT Fund Backed by U.S. Treasuries
The QCDT fund is managed by Qatar National Bank and custodied by Standard Chartered Bank. It is backed by U.S. Treasuries and regulated by the DFSA, the independent financial regulator within the Dubai International Financial Centre (DIFC).
- Established exchange-trading institutions can deploy idle funds into yield-generating strategies securely.
- Traditional financial institutions gain access to U.S. Treasury-backed yields through crypto-collateralised participation.
Bybit states this move reflects growing alignment between blockchain innovation and institutional-grade security for investors.
Bridging Traditional Finance and Digital Assets
For Bybit, this partnership marks a major step in its institutional strategy. Yoyee Wang, Head of Bybit’s B2B unit, said, “By recognising QCDT as collateral, we open the gateway for traditional financial institutions and established trading players to participate in the digital asset ecosystem with security, compliance, and efficiency.”
Silas Lee, CEO of QNB Singapore, called QCDT “a pioneering step of using blockchain to tokenise U.S. Treasuries and deposits.” He added it empowers investors to integrate high-quality, yield-bearing assets into the digital economy.
Nathan Ma, Co-founder of DMZ Finance, said the partnership shows how tokenisation “can bridge liquidity and access for more TradFi investors.”
Bybit’s adoption of tokenised funds strengthens its role as a bridge between crypto and institutional finance, especially in the Middle East. This move signals that crypto is increasingly connected to traditional markets. Tokenised assets are turning blockchain into a direct channel for institutional-grade opportunities.
