BossLady

06/23 12:34

Wall Street’s UBS uMINT yield-bearing collateral h

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Wall Street’s UBS uMINT yield-bearing collateral has reached Bybit – but there’s a catchCalais Digital Assets has turned UBS uMINT collateral into a live trading workflow on Bybit, giving tokenized money-market funds a concrete margin use case rather than another issuance milestone. The setup runs across Bybit, ByCustody, and DigiFT, with the uMINT position remaining in custody while it is recognized as exchange collateral. The June 18 deployment is important because collateral that would typically sit as idle cash or cash equivalent can still earn money-market yield while supporting trading activity. For tokenized real-world assets, that shifts the discussion from issuance volume to market plumbing. The question is whether these instruments can become useful enough to replace idle margin inside real trading operations. How UBS uMINT collateral works on Bybit Calais, a Singapore-headquartered quantitative investment fund, is using UBS uMINT as off-exchange settlement collateral in active trading operations. The off-exchange settlement collateral transaction runs through a three-party setup: DigiFT provides regulated access and distribution for uMINT, ByCustody holds the asset, and Bybit accepts the custodied position as collateral on its exchange infrastructure. That changes the economics of margin. Traditional collateral arrangements often require a trader to park cash, stablecoins, or other eligible assets in a form that protects the trading venue while limiting what the fund can earn on those assets. In DigiFT's description, Calais can keep exposure to a money-market product while using that same position to support trading. The distinction is operational rather than cosmetic. A tokenized fund that exists on-chain is useful as a settlement asset only if venues, custodians, distributors, and legal structures agree on h

1Поделиться