Hata has announced the closing of a US$8 million (about RM31.6 million) Series A funding round led by Bybit, alongside several prominent global family offices, on 20 April 2026. The Hata Series A Funding builds on Bybit’s earlier participation in Hata’s US$4.2 million seed round.

Ben Zhou, co-founder and CEO of Bybit, shared,

“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.”

The round also saw participation from several global family offices with a strong focus on Southeast Asian technology and financial markets.

Hata intends to deploy the funding proceeds across three areas: strengthening liquidity on its platform, accelerating user growth through marketing and ecosystem initiatives, and jointly developing innovative digital asset products tailored for Malaysians with Bybit.

David Low, co-founder and CEO of Hata, shared,

“Together, we will combine Hata’s trusted local platform with Bybit’s global expertise in technology and product innovation to expand what is possible for Malaysian users.”

Hata is a dual-licensed digital asset exchange, operating under licenses from the Securities Commission of Malaysia and the Labuan Financial Services Authority.

Hata was founded by David Low (the former Asia Pacific general manager of Luno Asia Pacific), KK Chong, and Darien Ng.

The company is one of a small group of regulated digital asset exchanges competing for Malaysian retail and institutional crypto flows, alongside Luno, MX Global, SINEGY and others.

Featured image: Edited by Fintech News Malaysia, based on image by Hata