Bybit becomes the first cryptocurrency trading platform to support QCDT mirror mortgage, joining hands with Qatar National Bank and DMZ Finance to open up new institutional funding channels

According to BlockBeats, on September 19, Bybit announced that it has reached a strategic cooperation with QNB Group and DMZ Finance to launch the world's first tokenized money market fund QCDT approved by the Dubai Financial Services Authority (DFSA) as a mirror collateral asset for the Bybit platform. As the world's first cryptocurrency trading platform to support QCDT collateral, Bybit unleashes up to $1 billion in borrowing capabilities for institutional investors, setting a new example of the integration of real-world assets (RWA) and digital finance. QCDT takes US Treasury bonds as its underlying asset, and is managed by DMZ Finance by tokenization technology and is managed by QNB Group. Standard Chartered Bank serves as the custody to ensure compliance, transparency and security. Bybit said that this move not only provides mature trading institutions and traditional financial institutions with low risk, safe and compliant digital asset participation methods, but also further consolidates its position as a bridge connecting traditional finance and crypto economy in the Middle East and the world.