Hata, Malaysia’s only dual-licensed digital asset exchange, has closed a USD 8 million (about RM31.6 million) Series A funding round led by Bybit, the world’s second-largest cryptocurrency exchange. This funding marks the start of a strategic collaboration between the two companies, emphasizing their commitment to responsibly growing Malaysia’s digital asset ecosystem.
“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 trusted 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.
Bybit has participated in Hata’s Series A funding round, which follows their earlier involvement in Hata’s USD 4.2 million seed round, furthering their strategic collaboration. The funding included contributions from global family offices focusing on Southeast Asian tech and finance. Hata plans to use the funds to enhance liquidity, boost user growth through marketing and ecosystem initiatives, and collaboratively create digital asset products designed 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 trusted local platform with Bybit’s global expertise in technology and product innovation to expand what is possible for Malaysian users.” said 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.