Bybit announced a strategic partnership with Qatar National Bank (QNB Group) and DMZ Finance to launch QCDT, the world's first tokenized money market fund approved by the Dubai Financial Services Authority (DFSA), as a mirror collateral asset on the Bybit platform. As the first cryptocurrency exchange to support QCDT as collateral, Bybit unlocks up to $1 billion in lending capacity for institutional investors, setting a new benchmark for the integration of real-world assets (RWAs) and digital finance. QCDT uses U.S. Treasury bonds as its underlying asset, with tokenization technology provided by DMZ Finance, management by QNB Group, and custody by Standard Chartered Bank ensuring compliance, transparency, and security. Bybit stated that this move not only provides established trading institutions and traditional financial institutions with a low-risk, secure, and compliant way to participate in digital assets, but also further solidifies its position as a bridge between traditional finance and the crypto economy in the Middle East and globally.