In a stunning move that would make a cow tipper weep with envy, Bybit-second-largest crypto exchange by trading volume-has decided to accept QCDT, a DFSA-approved tokenised money market fund (MMF), as collateral. This bold act of financial juggling, in partnership with QNB Group and DMZ Finance, has allegedly unlocked $1 billion in institutional borrowing capacity. Whether this is a new benchmark or just a really good napkin sketch of one remains to be seen.
The QCDT fund, managed by Qatar National Bank and custodied by Standard Chartered Bank, is backed by U.S. Treasuries and regulated by the Dubai Financial Services Authority (DFSA). The DFSA, for those who missed the memo, is the independent regulator of financial services within the Dubai International Financial Centre (DIFC). Because nothing says “trust us” like a three-letter acronym and a suspiciously polite bank manager.
Bybit Partners with Qatar National Bank Group and DMZ Finance to Unlock Institutional Access to Digital Assets
Bybit is proud to partner with Qatar National Bank (@QNBGroup)-the largest financial institution in the Middle East and Africa-and DMZ Finance (@DMZ_Finance) to bring…
– Bybit (@Bybit_Official) September 19, 2025
The benefits? Let’s count the ways:
- Established institutions can now deploy their idle funds into yield-generating strategies. Because who wouldn’t want to make their money work harder while it’s already taking a nap?
- Traditional banks can now tap U.S. Treasury-backed yields through crypto-collateralised participation. Because nothing says “stability” like blockchain and a spreadsheet full of cows.
According to Bybit, this reflects a growing alignment between blockchain innovation and institutional-grade security. Or, as the ancient philosophers might have said, “Finally, the cows are jumping through hoops in both worlds.”
For Bybit, this collaboration represents a major leap in its institutional strategy. “By recognising QCDT as collateral, we are opening the gateway for traditional financial institutions and established trading players to participate in the digital asset ecosystem with security, compliance, and efficiency,” said Yoyee Wang, Head of Bybit’s B2B unit. Because nothing says “efficiency” like a 12-step plan to tokenize the entire universe.
Silas Lee of QNB Singapore described QCDT as “a pioneering step of using blockchain to tokenise U.S. Treasuries and deposits, empowering investors to integrate high-quality, yield-bearing assets into the digital economy.” Nathan Ma of DMZ Finance added that the partnership demonstrates how tokenisation “can bridge liquidity and access for more TradFi investors.” Because who doesn’t want to bridge liquidity while wearing a tie and a frown?
Bybit’s adoption of tokenized funds enhances its credibility as a bridge between crypto and institutional finance, particularly in the Middle East. The message is clear: crypto is no longer isolated from traditional markets. Tokenised assets are turning blockchain into a direct channel for institutional-grade opportunities. Or, as Douglas Adams might have written, “It’s just a slightly more complicated way of counting to four.”
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2025-09-19 19:49