- Bybit’s new BBU unit aims to address counterparty risks and capital inefficiencies for institutional clients in the digital asset market.
- The BBU will introduce tokenized RWA collateral programs, optimizing capital usage by enabling institutions to trade with yield-bearing assets.
- Bybit’s Digital Treasury Asset solutions offer a secure entry point for non-crypto-native corporations seeking to allocate treasury funds into digital assets.
.Bybit, a leading Dubai-based crypto exchange, has launched a new Business-to-Business Unit (BBU) aimed at serving institutional and enterprise clients. The exchange’s latest initiative consolidates its existing institutional services into one cohesive unit, offering advanced solutions tailored to professional players in the digital asset space.
The newly formed BBU will address some of the most pressing needs of institutional investors. These include off-exchange custody, triparty settlement, and the integration of tokenized real-world assets (RWAs) as collateral. Bybit has positioned itself as a key partner for large funds seeking to mitigate counterparty risk and enhance capital efficiency.
Leadership of the New Division
Yoyee Wang, formerly a portfolio manager at the Royal Bank of Canada, will head the BBU. Wang, who has been with Bybit for some time, most recently led the exchange’s global treasury. Under his leadership, the BBU will streamline Bybit’s institutional offerings, providing tailored solutions for clients that require secure, regulated custody and settlement models.
One of the primary goals of the BBU is to address two critical issues faced by institutions: counterparty risk and capital inefficiency. Bybit is focusing on creating off-exchange custody frameworks that separate custody and execution. This approach helps mitigate the risk that digital asset exchanges could face failure, offering clients a more secure method of asset management.
RWA Collateral Program and Yield Optimization
The BBU will also offer a program that allows institutions to use tokenized RWAs as collateral for margin trading and other positions. This feature is designed to optimize capital utilization by enabling institutions to deploy yield-bearing assets within the crypto ecosystem, rather than having them sit idle. This program aims to reduce the opportunity costs traditionally associated with asset management in the crypto space.
Additionally, Bybit’s BBU will focus on providing Digital Treasury Asset (DTA) solutions for non-crypto native corporations. These services are designed to guide traditional businesses through the complexities of incorporating digital assets into their corporate treasuries. Bybit’s DTA solutions offer corporations the security, compliance, and yield optimization strategies needed to enter the crypto market confidently.
