Hata Malaysia Secures RM31 Million From Series A Funding Round Led By Bybit
Hata, Malaysia’ announced 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.
“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.
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.
The exchange said it 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.
