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Bybit accepts DFSA-approved tokenised money market fund as collateral

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By Invezz Markets

4 months ago

Article Summary

Bybit Adds Dubai Money Market Fund [https://invezz.com/wp-content/uploads/2025/09/bybit-dubai.png] 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…

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About This Story

Published:September 19, 2025 at 10:06 AM

Source:Invezz Markets

Category:News

Reading Time:~2 min on source

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