Bybit dey lead $8M funding for licensed Hata, as Malaysia stablecoin pilots (RMJDT) dey progress

Bybit lead one $8 million Series A round for Hata, one digital asset exchange wey base for Kuala Lumpur. The funding include support from global family offices and e follow Bybit earlier $4.2 million seed investment, so na follow-on bet for the same platform. The money go use to expand Hata liquidity, user base and compliant digital asset products. Since dem launch for 2023, Hata talk say dem get over 209,000 registered users and dem process about 1 billion Malaysian ringgits (around $225 million) transaction volume for 2025. Hata main plus na im regulatory status: e get licences from Malaysia Securities Commission (SC) and Labuan Financial Services Authority (LFSA), wey allow regulated trading and custody inside the country. Bybit CEO Ben Zhou point to Malaysia people wey dey active online and the long-term crypto adoption potential. The round come as Malaysia dey tighten and clarify im digital-asset framework. Bank Negara Malaysia dey run Digital Asset Innovation Hub sandbox and three-year tokenization roadmap with big banks (like Standard Chartered, CIMB, Maybank). For same ecosystem, the ringgit-backed stablecoin RMJDT launch for Zetrix blockchain under the sandbox framework. For traders, dis mainly be regulatory and market-structure catalyst. Bybit funding make people expect more regulated onshore liquidity for Malaysia, and RMJDT sandbox momentum fit support more activity—though e no be direct or immediate signal for wider token prices.