Crypto platform Bybit teams up with QNB Group and DMZ Finance, making history by accepting Qatar Central Bank Digital Currency (QCDT), facilitating institutional entry into digital assets.
Bybit, the second-largest cryptocurrency exchange globally by trading volume, has made a significant stride in bridging the gap between TradFi (traditional finance) and DeFi (decentralized finance) with its latest partnership.
The collaboration, which involves QNB Group and DMZ Finance, marks the introduction of QCDT - the world's first DFSA (Dubai Financial Services Authority)-approved tokenised money market fund, available as a collateral asset on Bybit's platform.
QCDT is powered by DMZ Finance's tokenisation expertise and managed by Qatar National Bank (QNB Group), with custodian support from Standard Chartered Bank. The deployment of QCDT as collateral on Bybit creates up to USD 1 billion in borrowing capacity.
QNB Group, established in 1964, is the largest financial institution in the Middle East and Africa region. The group has consistently maintained high credit ratings from leading agencies such as Standard & Poor's, Fitch, and Moody's. Silas Lee, CEO of QNB Singapore and a key figure within QNB Group, mentioned that QCDT is a pioneering step in using blockchain technology to tokenise real-world assets, thereby integrating high-quality, yield-bearing assets from traditional finance into the digital economy.
Nathan Ma, Co-founder & Chairman of DMZ Finance, added that this partnership demonstrates how tokenisation can bring innovation to institutional markets while bridging liquidity and access for more TradFi investors. Yoyee Wang, Head of Business-to-Business Unit of Bybit, stated that this collaboration is a pivotal step for Bybit's evolving institutional strategy.
For established CEX-trading institutions, this provides a secure, compliant channel to deploy institutional funds into exchange-based yield strategies. For traditional financial institutions, it offers a safe, regulatory-aligned entry point into digital assets, combining U.S. Treasury-backed yields with low-risk, collateralised participation in the crypto ecosystem.
Bybit, founded in 2018 and redefining openness in the decentralized world, is known for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools. The exchange serves a global community of over 70 million users.
This collaboration advances Bybit's commitment to be the trusted bridge between the crypto economy and traditional financial institutions, both in the Middle East and globally. DMZ Finance, among the first cohort of companies admitted to the Qatar Financial Centre (QFC) Digital Assets Lab, is the RWA infrastructure company and RWA tokenization partner of Qatar National Bank (QNB Group).
Bybit's adoption of QCDT as collateral establishes institutional credibility, unlocks potential institutional liquidity, builds trust and confidence, and opens the door to new RWA-linked products. The partnership is a testament to the growing synergy between traditional finance and the crypto economy.
%2C%20facilitating%20institutional%20entry%20into%20digital%20assets.){kind=link}