KUALA LUMPUR, Malaysia, April 21, 2026 — Hata, Malaysia’s only dual-licensed digital asset exchange, has closed an USD 8 million (approximately RM31.6 million) Series A round led by Bybit, alongside several global family offices. The investment deepens a strategic collaboration intended to grow Malaysia’s digital asset ecosystem responsibly and at scale.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, previously participated in Hata’s USD 4.2 million seed round. Ben Zhou, Co-founder and CEO of Bybit, said Malaysia is a strategically important market with a digitally engaged population and long-term potential for digital asset adoption. He noted that combining Hata’s local leadership with Bybit’s technology and product expertise will help accelerate Malaysia’s digital asset and tokenised real-world asset ecosystem.
Hata plans to deploy the Series A proceeds to strengthen platform liquidity, accelerate user growth through marketing and ecosystem initiatives, and jointly develop digital asset products tailored for Malaysian users with Bybit. David Low, CEO of Hata, described the partnership as validation of Hata’s approach to building a compliant, licensed platform with rigorous investor protections.
About Hata
Hata is a dual-licensed exchange operating under the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority (LFSA). Founded by Malaysians, it offers a secure, compliant platform for buying, selling and custodying digital assets.
Since launching in May 2023 through the end of 2025, Hata has registered more than 209,000 users. In 2025 the platform processed RM1.04 billion in transaction volume. Assets under custody (AUC) since launch to end-2025 totalled RM86.3 million, peaking at RM115 million in September 2025 before market corrections. Hata emphasizes trust, transparency and technology while expanding access to compliant crypto trading.
In 2025 Hata added Staking, starting with Solana (SOL), and offers an Auto-Invest (DCA) feature to help users and institutions build long-term digital wealth. Visit hata.io to learn more.
About Bybit
Bybit, founded in 2018, serves a global community of over 70 million users and is the world’s second-largest crypto exchange by trading volume. It provides spot and derivatives trading, staking, copy trading and institutional services, and is known for regulated custody, deep liquidity and product innovation aimed at bridging traditional finance and decentralized finance.