Hata Raises $8 Million in Series A Financing Led by Bybit

Hata, Malaysia's dual-licensed digital asset exchange, has successfully closed a $8 million Series A funding round. Led by Bybit, a leading global cryptocurrency exchange, this round highlights a strategic collaboration aimed at enhancing Malaysia’s digital asset ecosystem.

Bybit, already part of Hata's previous seed round, deepened its involvement alongside global family offices focused on Southeast Asian tech sectors. This partnership underscores shared goals of regulatory compliance and investor protection while leveraging Hata's market leadership and Bybit's technological innovations.

Proceeds will enhance liquidity, boost user growth, and develop innovative products for Malaysians. Hata's CEO, David Low, highlighted this collaboration as a milestone, affirming their commitment to responsible crypto expansion in Malaysia.