Bybit Unveils FUIDL Tokenized USD Liquidity Product with Finloop Partnership

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with Finloop Finance Technology Holding Limited to offer the FUIDL (Finloop USD Instant Digital Liquidity) tokenized USD liquidity product.

FUIDL is backed by an AAA-rated money market fund and provides institutional and professional investors access to USD liquidity through blockchain technology. The product allows for hourly subscription and redemption, with same-day interest accrual, giving investors the ability to move capital efficiently between traditional and digital asset markets.

The underlying USD liquidity fund has received high ratings from major international agencies: AAAm from Standard & Poor's (S&P), Aaa-mf from Moody's and AAAmmf from Fitch. Finloop serves as the tokenization agent, providing the infrastructure that connects traditional money market fund assets with blockchain-based settlement.

Bybit users will benefit from same-day settlement across selected tokenized and digital instruments, made possible by Finloop's market-leading RWA (Risk-Weighted Assets) and cash management capabilities and Bybit's proprietary infrastructure. The collaboration is a significant milestone in Bybit's mission to build The New Financial Platform, an open, secure, and efficient bridge between traditional and digital finance.