In a landmark move bridging traditional finance and the digital asset economy, global cryptocurrency exchange Bybit has announced a strategic collaboration with QNB Group and RWA infrastructure firm DMZ Finance. The partnership makes Bybit the first crypto exchange to accept QCDT, the world’s first tokenized money market fund approved by the Dubai Financial Services Authority (DFSA), as a collateral asset.
Unlocking Institutional Capital For Digital Assets
The integration of QCDT on Bybit’s platform is set to unlock significant institutional capital by providing a secure, compliant, and yield-bearing channel for entering the digital asset space. Backed by U.S. Treasuries and regulated within the Dubai International Financial Centre (DIFC), QCDT offers an institutional-grade asset that can be used as collateral, creating up to $1 billion in borrowing capacity. This allows traditional financial institutions to safely deploy funds that would otherwise remain idle in bank accounts into regulated, exchange-based yield strategies.
A Breakthrough In Real World Asset Tokenisation
QCDT represents a major advance in the tokenisation of Real World Assets (RWAs). The fund is managed by Qatar National Bank (QNB), with tokenization powered by DMZ Finance’s infrastructure and custody provided by Standard Chartered Bank. This collaboration combines the security of one of the largest financial institutions in the Middle East and Africa with the regulatory clarity of the DFSA. Silas Lee, CEO of QNB Singapore, described the tokenized fund as “a pioneering step” empowering investors to seamlessly integrate high-quality traditional assets into the digital economy.
Bridging The Gap Between Traditional and Digital Finance
This partnership solidifies Bybit’s role as a trusted bridge between the crypto economy and traditional financial institutions in the MENA region and globally. By adopting a DFSA-approved, institutional-grade tokenized fund, the exchange enhances its credibility and opens the door for significant capital inflows. The collaboration is also expected to pave the way for new RWA-linked products, such as QCDT-backed stablecoins and innovative yield strategies, further strengthening the region’s position as a hub for financial innovation.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, the platform is focused on creating a simpler, open, and equal ecosystem for everyone, with a strong emphasis on Web3 innovation. Bybit is renowned for its secure custody, diverse marketplaces, and advanced blockchain tools that bridge the gap between TradFi and DeFi.
About QNB Group
Established in 1964, QNB Group has grown to become the largest financial institution in the Middle East and Africa (MEA) region. With a 50% ownership by the Qatar Investment Authority, QNB has consistently maintained its position as one of the world’s top-rated banks, holding prestigious credit ratings from leading agencies and receiving numerous awards from international financial publications.
About DMZ Finance
DMZ Finance is a powerful RWA infrastructure company and the tokenization partner of Qatar National Bank (QNB). The firm is dedicated to building infrastructure that makes real-world assets accessible in digital form, advancing the integration of asset tokenization into the TradFi and DeFi systems. It is also among the first cohort of companies admitted to the Qatar Financial Centre (QFC) Digital Assets Lab.
Source: MEA Tech Watch
