Bybit Teams Up with Finloop to Offer Tokenized USD Liquidity Product
Bybit has announced a new collaboration with Finloop Finance Technology Holding Limited to offer FUIDL, a tokenized USD liquidity product backed by an AAA-rated money market fund.
The partnership enables Bybit users to share FUIDL as collateral for trading on the platform, providing institutional and professional investors access to USD liquidity through blockchain technology.
Finloop serves as the tokenization agent and infrastructure provider, connecting traditional money market fund assets with blockchain-based settlement.