Bybit Backs Malaysia’s Hata in $8M Series A Funding Round
Cointelegraph
Bybit led an $8 million Series A funding round for the Malaysian dual-licensed digital asset exchange Hata.Summary
Bybit has spearheaded an $8 million Series A funding round for Hata, a dual-licensed digital asset exchange in Malaysia. This investment, which builds on Bybit’s prior seed round contribution, aims to enhance Hata’s liquidity, user base, and product offerings. Hata operates under oversight from the Securities Commission Malaysia and the Labuan Financial Services Authority, serving a market that Bybit CEO Ben Zhou describes as having strong potential for digital asset adoption. The investment aligns with Malaysia’s broader efforts to develop a regulatory framework for digital assets, including recent pilot programs for stablecoins and tokenized deposits.
(Source：Cointelegraph)