A New Strategic Partnership in Crypto
Crypto exchange Bybit has announced a partnership with QNB Group and DMZ Finance, becoming the first platform to integrate the tokenized money market fund QCDT as collateral.
QCDT is a tokenized money market fund approved by the Dubai Financial Services Authority (DFSA). Through this integration, institutional investors will be able to use QCDT to back their operations within the digital asset ecosystem.
“This partnership paves the way for bridging traditional finance with digital assets, providing a regulated and secure path for institutions to access the crypto market,” Bybit stated.
Why It Matters
- Bybit expands opportunities for institutional clients seeking regulated exposure to crypto.
- QNB Group and DMZ Finance gain a new channel to advance tokenized financial products.
- The deal highlights the growing integration of Web3 technologies into the traditional financial sector in the Middle East.
Bybit’s collaboration with QNB Group and DMZ Finance represents a milestone in partnerships between the crypto industry and traditional financial institutions, showcasing how regulated tokenized assets can boost institutional trust in digital markets.
