Bybit, DigiFT, and UBS expand institutional collateral options with tokenized money market fund
Bybit, the second-largest cryptocurrency exchange by trading volume, has announced a strategic collaboration with DigiFT to support UBS Asset Management’s USD Money Market Investment Fund Token (UBS uMINT), as per details shared with Finbold on October 13. The partnership allows institutional investors to use shares of the UBS tokenized money market investment fund, distributed via DigiFT, as collateral for trading on Bybit’s platform. Issued by UBS Asset Management, UBS uMINT is built on the Ethereum (ETH) public blockchain and represents the first tokenized investment fund launched by the firm. Opened to external investors in November 2024, it is distributed through authorized partners, with DigiFT, a regulated real-world asset (RWA) platform licensed by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. Bridging traditional finance with blockchain innovation Bybit’s integration with DigiFT en...