Hata, Malaysia’s only dual-licensed digital asset exchange, has raised US$8 million (around RM31.6 million) in its Series A funding round. The investment was led by Bybit, along with several global family offices.
This funding is not just about money—it also starts a strong partnership between the two companies. Together, they aim to grow Malaysia’s digital asset ecosystem in a safe and responsible way.
“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 compliant 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.
“This partnership with Bybit marks a defining moment for Hata and for Malaysia’s digital asset industry. Bybit’s decision to lead this round and partner with us strategically is a strong validation of our belief that crypto should be built the right way, with proper licensing, rigorous compliance, and an unwavering commitment to investor protection. Together, we will combine Hata’s regulated local platform with Bybit’s global expertise in technology and product innovation to expand what is possible for Malaysian users,” says David Low, CEO of Hata.
Founded in 2023 by David Low, KK Chong, and Darien Ng, hata is a digital asset exchange in Malaysia that allows people to buy, sell, and store cryptocurrencies safely.
Malaysians founded it and operate under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority. This means the platform follows strict rules and provides strong security for users in Malaysia and around the world.
Read More- Hyundai and TVS Partner to Launch Electric Three-Wheelers in India
