Bybit Launches Bank Triparty Service for Institutions, Keeps Collateral in Independent Bank Custody

Bybit launched Bank Triparty on 1 July 2026, a regulated custody service enabling eligible institutions to borrow against collateral held by independent banking partners. Institutions deposit USD or US Treasury Bills with Bybit's designated banking partners, then receive USDT loans directly into their Bybit Unified Trading Account while collateral remains in third-party bank custody throughout the term, mitigating counterparty risk off-exchange. Institutions can deploy borrowed USDT across Bybit's spot, margin, perpetual and options markets while continuing to earn yield on US Treasury Bill collateral during the borrowing period.
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