Calais Digital Assets, a Singapore-based quantitative investment fund, has become the first institutional client to utilise UBS uMINT as off-exchange settlement collateral in live trading. This groundbreaking transaction, executed via Bybit, ByCustody, and DigiFT, marks a significant advancement in the adoption of tokenised assets for institutional trading.
The deployment of UBS uMINT, a tokenised investment fund, allows Calais to maintain yield on its collateral whilst actively trading. This innovative approach enhances capital efficiency by enabling assets to generate returns instead of remaining idle. The transaction was facilitated through a three-layer infrastructure involving DigiFT, ByCustody, and Bybit, ensuring secure custody and seamless trading operations.
Lily Yan, CEO of Calais Digital Assets, emphasised the importance of capital efficiency in their operations, stating, “Deploying uMINT as OES collateral allows us to earn yield on assets that would otherwise be frozen as idle margin.” Henry Zhang, CEO of DigiFT, highlighted the significance of this development, noting that it validates the practical application of tokenised assets in institutional settings.
Bybit’s Global Head of RWA and TradFi, Yoyee Wang, remarked on the strategic alignment of this initiative with Bybit’s vision of smarter capital utilisation. The collaboration between these entities demonstrates the potential of tokenised assets to revolutionise institutional trading by integrating exchange, custody, and regulated distribution.
This milestone not only showcases the practical benefits of tokenised collateral but also signals a shift towards more efficient and secure trading practices in the financial industry.
