Bybit leads funding for Malaysia’s Hata dual-licensed crypto platform

The funding supports a dual-licensed platform as Malaysia expands its regulatory framework for digital assets and tokenization.

Bybit has led an $8 million Series A funding round in Hata, a dual-licensed digital asset exchange operating in Malaysia. The round also included participation from global family offices and follows Bybit’s earlier investment in Hata’s $4.2 million seed round.

According to Monday’s announcement, the funding will be used to improve liquidity, expand the user base and develop additional digital asset products.

Hata operates under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, allowing it to offer trading and custody services for digital assets in the Southeast Asian country.

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