Hata, Malaysia’s only dual-licensed digital asset exchange, the closing of a USD 8 million (approximately RM31.6 million) Series A funding round led by Bybit, the world’s second-largest cryptocurrency exchange by trading volume, alongside several prominent global family offices. The fundraise marks the beginning of a deep strategic collaboration between the two companies, one that goes beyond capital and signals a shared commitment to growing Malaysia’s digital asset ecosystem responsibly and at scale.
“Malaysia is a strategically important market for Bybit, with one of the most digitally engaged populations in Southeast Asia and strong long term potential for digital asset adoption. We see Hata as the right partner to help serve Malaysian investors through a compliant and regulated platform. By combining Hata’s local market leadership with Bybit’s global strengths in technology and product innovation, we hope to accelerate the growth of Malaysia’s digital asset and tokenised real world asset ecosystem.” said Ben Zhou, Co-founder and CEO of Bybit.
The Series A round builds on Bybit’s earlier participation in Hata’s USD 4.2 million seed round, deepening a relationship that now extends into strategic collaboration. The round also saw participation from several global family offices with a strong focus on Southeast Asian technology and financial markets.
Hata will deploy the proceeds across three key areas on its platform, including strengthening its liquidity on its platform, accelerating user growth through its marketing and ecosystem initiatives and jointly developing innovative digital asset products tailored for Malaysians with Bybit.
“This partnership with Bybit marks a defining moment for Hata and for Malaysia’s digital asset industry. Bybit’s decision to lead this round and partner with us strategically is a strong validation of our belief that crypto should be built the right way, with proper licensing, rigorous compliance, and an unwavering commitment to investor protection. Together, we will combine Hata’s regulated local platform with Bybit’s global expertise in technology and product innovation to expand what is possible for Malaysian users.” says David Low, CEO of Hata.
For more information about Hata and its latest developments, visit the official Hata page to be part of Malaysia’s journey into the evolving world of digital assets.
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