Overview
- Bybit now accepts UBS’s uMint tokenized money‑market fund as collateral for crypto trading on its platform.
- DigiFT powers the integration by distributing uMint to eligible investors and providing the tokenization infrastructure.
- UBS launched uMint in November 2024 on Ethereum, structuring it to track short‑term U.S. Treasury instruments for lower risk.
- Bybit frames the addition as a way for accredited users to improve capital efficiency by posting fund holdings instead of idle cash.
- DigiFT’s Henry Zhang and Bybit’s Ben Zhou said the collaboration advances regulated RWA adoption and links traditional finance with Web3 venues.