Bybit Teams Up with Finloop for Tokenized USD Liquidity Product
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with Finloop Finance Technology Holding Limited to offer the Finloop USD Instant Digital Liquidity (FUIDL) tokenized USD liquidity product. This collaboration aims to provide institutional and professional investors with on-chain access to an AAA-rated USD liquidity fund.
FUIDL is backed by a money market fund that has received the highest possible ratings from major international agencies: AAAm from Standard & Poor's, Aaa-mf from Moody's, and AAAmmf from Fitch. The product offers hourly subscription and redemption, as well as T+0 interest accrual.
The alliance is designed to combine the transparency and speed of digital assets with the stability and operational standards expected by institutional and professional investors. Bybit users will benefit from same-day settlement across selected tokenized and digital instruments, made possible by Finloop's market-leading RWA and cash management capabilities and Bybit's proprietary infrastructure.
This collaboration marks a significant milestone in Bybit's long-term mission to build The New Financial Platform, an open, secure, and efficient bridge between traditional and digital finance. According to Yoyee Wang, Global Head of TradFi and RWA of Bybit, 'Partnering with Finloop marks a pivotal step in realizing our vision of The New Financial Platform.'