Overview
- Bybit led an $8 million Series A in Hata, presenting it as a strategic partnership to grow a regulated crypto market in Malaysia.
- Hata is the only exchange approved by the Securities Commission Malaysia and the Labuan Financial Services Authority, which lets it offer trading and custody in one place.
- The company will put the money into deeper liquidity, user growth, and new products built with Bybit for local customers.
- Hata says it has 209,000 registered users since 2023 and handled about 1.04 billion ringgit in trades during 2025.
- Malaysia’s central bank is running sandbox pilots and a three-year tokenization plan that test a ringgit stablecoin, tokenized deposits, and cross-border settlement with Standard Chartered, CIMB, and Maybank.