Yoyee Wang, the head of the enterprise department at the cryptocurrency exchange Bybit, pointed out the three key factors for institutional investors entering the digital asset space at the summit in Abu Dhabi. (Previous summary: Interpreting the Bybit x DL Research “2025 Global Crypto Assets Ranking Report”: Compliance and Demand Become Mainstream, Financial Sovereignty Moves On-chain) (Background information: Bybit was selected by BeInCrypto as one of the “Best Centralized Exchanges” and “Best Exchanges in Latin America” in the 100 Awards.)

Table of Contents

• Custody, Risk and Capital Efficiency
• The regulatory clarity of the United Arab Emirates
• Tokenization of real-world assets
• Institutional participation beyond asset exposure

＊This article is a promotional piece, written and provided by Bybit, and does not represent the position of the Block Time, nor is it investment advice, purchase or sale advice. See the disclaimer at the end of the article.

The second largest crypto assets exchange in the world, Bybit, recently participated in the HSC Asset Management summit held in Abu Dhabi. Yoyee Wang, head of Bybit's Business to Business (B2B) department, emphasized that efficient custody design, capital efficiency, and a clear regulatory framework are the core elements attracting institutional investors into the digital asset space. This two-day event brought together policymakers, asset management companies, and technology leaders to discuss global investment trends, digital assets, artificial intelligence, and the future framework of financial markets.

Wang participated in the special seminar titled “The Future Stacking of Digital Finance: Investment, Trading, Custody, and New Market Structures” on the Grand Forum Day of the summit, delving into how institutional-grade infrastructure shapes the future development of digital finance.

The seminar was hosted by David Gevorkian, General Manager of TWO23 Group, with other speakers including Kevin Lee, Chief Business Officer of Gate, Yana Minaylova, Head of Institutional Sales and Business Development for the Middle East and North Africa (MENA) region at Binance, and Jessica Wu, Head of Asia Pacific at Bitpanda Technology Solutions.

Custody, Risk, and Capital Efficiency

Wang emphasized in the discussion that institutions' focus on custody stems primarily from considerations of risk management and operational efficiency.

“When institutions explore custody issues, they typically approach from the perspective of security, including transparency, asset control, and risk mitigation.” Wang stated: “But custody itself is not the ultimate goal; the real core issue is: how can clients enhance capital efficiency in transactions while effectively managing risk?”

She pointed out that as the custody and over-the-counter (OTC) settlement model becomes increasingly popular, market participants are also paying more attention to the capital utilization efficiency.

“With the introduction of custodial structures, whether through multi-party computation (MPC) arrangements or over-the-counter settlement solutions, the direct challenge faced by the entire industry is capital efficiency.” Wang said, “In addition to enhancing security and reducing counterparty risk with exchanges, how to further improve capital efficiency has become an urgent priority.”

The regulatory clarity of the United Arab Emirates

Wang also emphasized that clear regulation is key to promoting institutional participation, citing the United Arab Emirates as an important example.

“Bybit recently established its headquarters in the UAE, and we have personally witnessed the increasingly clear regulatory framework in the region.” She stated, “This certainty is not only crucial for technological innovation but also effectively builds market confidence for global institutions.”

She added that a clear framework facilitates constructive dialogue among regulators, market participants, and technology providers, laying the foundation for the long-term healthy development of the market.

tokenizing real-world assets

In response to the growing market interest in tokenized real-world assets (RWA), Wang pointed out that Bybit has provided customers with regulated RWA products through partnerships with well-known financial institutions.

“We have partnered with Qatar National Bank and UBS to launch tokenized products that allow customers to invest in underlying money market instruments,” Wang explained. “These structured products enable customers to obtain returns from traditional finance within the framework of digital assets while enjoying high liquidity and convenient trading features.”

However, she also reminded that there are still issues of inconsistent standards and varying quality in the currently widespread RWA field.

“The current market is flooded with various structures and standards,” Wang stated. “Our focus is on those products that are well-structured, properly regulated, and designed for trading, because only in this way can we effectively support liquidity in the secondary market.”

Institutional Participation Beyond Asset Exposure

Finally, Wang encourages institutional investors to adopt a more macro perspective on how to participate in the digital asset space.

“We hope that institutions see digital assets not just as a single asset class, but also recognize their potential as part of a broader blockchain infrastructure.” She concluded, “The forms of institutional participation can be diverse, ranging from providing liquidity and agency trading to technological collaboration, depending entirely on their own business models and risk tolerance frameworks.”

From left to right: Host and Managing Director of TWO23 Group David Gevorkian; Gate Chief Business Officer Kevin Lee; Head of Bitpanda Technology Solutions Asia Pacific Jessica Wu; Head of Institutional Sales and Business Development for the Middle East and North Africa (MENA) at Binance Yana Minaylova; and Head of Bybit's Business-to-Business (B2B) Division Yoyee Wang.

About Bybit

Bybit is the second largest crypto assets exchange in the world by trading volume, serving over 80 million users globally. Founded in 2018, Bybit is committed to creating a simpler, more open, and equitable ecosystem for everyone, redefining the possibilities of a decentralized world. Bybit is deeply focused on Web3, strategically partnering with top blockchain protocols to provide robust infrastructure and drive on-chain innovation. Bybit is known for its secure custody services, diverse markets, intuitive user experience, and advanced blockchain tools, successfully bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), empowering developers, creators, and enthusiasts to unleash the full potential of Web3. Explore the future of decentralized finance at Bybit.com.

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Disclaimer: The content of this article is provided by the contributor and is a promotional piece. The contributor has no relationship with the publication and the article does not represent the publication's stance. This article does not intend to provide any investment, asset advice, or legal opinion, nor should it be regarded as an offer to buy, sell or hold assets. Any services, programs, or tools mentioned in the promotional content are for reference only, and the final actual content or rules are subject to the announcement or explanation by the contributor. The publication is not responsible for any potential risks or losses and reminds readers to exercise caution and verify before making any decisions or actions.