Odaily Planet Daily News: Bybit announced a strategic partnership with Qatar National Bank (QNB Group) and DMZ Finance to launch QCDT, the world's first tokenized money market fund approved by the Dubai Financial Services Authority (DFSA), as a mirror collateral asset for the Bybit platform.

As the world's first cryptocurrency exchange to support QCDT collateralization, Bybit unlocks up to $1 billion in lending capacity for institutional investors, setting a new benchmark for the integration of real-world assets (RWAs) and digital finance. QCDT, backed by U.S. Treasury bonds, is tokenized by DMZ Finance, managed by QNB Group, and custodianed by Standard Chartered Bank, ensuring compliance, transparency, and security.

Bybit stated that this move not only provides mature trading institutions and traditional financial institutions with a low-risk, safe and compliant way to participate in digital assets, but also further consolidates its position as a bridge connecting traditional finance and the crypto economy in the Middle East and the world.