Article Summary

**Bybit Partners with DigiFT and UBS to Launch Tokenized Money Market Fund for Institutional Crypto Trading** Bybit, the world's second-largest cryptocurrency exchange by trading volume, has forged a groundbreaking partnership with DigiFT to integrate UBS Asset Management's USD Money Market Investment Fund Token (UBS uMINT) as institutional collateral. This strategic collaboration, announced October 13, represents a significant advancement in bridging traditional finance with decentralized finance (DeFi) ecosystems. The tokenized money market fund expansion enables institutional investors to utilize UBS uMINT as collateral for cryptocurrency trading activities on Bybit's platform. This development demonstrates the growing convergence between traditional asset management and blockchain technology, offering enhanced liquidity options for institutional crypto market participants. By incorporating tokenized traditional financial instruments, Bybit strengthens its position in the competitive cryptocurrency exchange landscape while providing institutional clients with more sophisticated trading mechanisms. The partnership with Swiss banking giant UBS signals increasing institutional adoption of digital assets and tokenization technology. This collaboration could potentially drive higher trading volumes on Bybit while attracting more institutional investors to cryptocurrency markets, as traditional financial products become seamlessly integrated with Bitcoin and altcoin trading infrastructure through innovative blockchain solutions.